Dude! So you've read just about everything you could possibly get your hands on about the Forex. Now you want to get your feet wet but aren't sure where to start. Well then this blog is for you! Follow along as I take a simple system and apply it to an unsimple market. If you're new to the blog you should Cowabunga System Daily Update: 10/22/07
If this is your first time visiting this blog, read this first!
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
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