Cowabunga System Daily Update: Tuesday, 11/27/07
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Main Trend
Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
Today's Surf
7:00am EDT- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, but MACD was already positive. This cancelled out the signal and I did not enter.
8:00am EDT- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, but MACD was already positive. This cancelled out the signal and I did not enter.
10:00am EDT- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, but MACD was already positive. This cancelled out the signal and I did not enter. This was also a news candle, so even if I did have a valid signal I still would not have entered.
Trade Result: +0 pips; R-Multiple: 0
News events to watch for tomorrow :
- 8:30am EDT- US Durable Goods Orders
- 10:00am EDT- US Existing Home Sales
For a list of all of tomorrow's news events, check out our Forex Calendar
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Related Posts:
- Cowabunga System Daily Update: Monday, 02/25/08 13:05 25 February 2008
- Cowabunga System Daily Update: Friday, 03/14/08 12:29 17 March 2008
- Cowabunga System Daily Update: Thursday, 12/13/07 12:07 13 December 2007
- Cowabunga System Daily Update: Thursday, 05/08/08 12:50 08 May 2008
- Cowabunga System Daily Update: Tuesday, 05/26/09 13:50 26 May 2009
Archived Comments (5)
Forex Blog: Pip My System
I'm new to the system but there was one more trade at 1:46pm
edt.... in at 2.0673...stop at 2.0643.... I closed out at
2.0703 for 30 pips... reason for closing...happy with 30 pips
same as stop....didn't look like enough action to make to 0750
I got in on that trade as well, except at 2:00 EDT. I was not sure if it was a valid signal since the MACD went from zero to positive from the 1:30 bar to the 1:45 bar. What do you think, Pip Surfer?
According to my rules, I do not enter any trades after 12pm EDT. I'm glad you were able to grab some pips though :) Happy trading!
PS
So trading window (to enter trades),, is 12 midnite to
12 noon edt???
All 3 trades where good to go according to my MACD's resulting in 2 loss 1 win. Funny how differnt brokers yeld different results, it would be nice if there was a universal standard.