Cowabunga System Daily Update: 10/22/07

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Main Trend

Current Trend= The trend remained up until 8am ET. From 4am – 8am ET, a new trend change candle formed and changed the trend from up to DOWN. After 8am ET, the trend remained down.

I looked for long trades until 8am ET. After 8am ET, I only looked for short trades.

Today’s Surf

1:00am ET– There was a moving average crossover for a short trade. RSI was less than 50 but stochastics were not trending up. This cancelled out the signal and I did not enter.

Trade Result: +0 pips

Tomorrow’s news events to watch out for:

  • No important news events tomorrow

For the rest of tomorrow’s news lineup, check out our Forex Calendar

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