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 :

For a list of all of tomorrow’s news events, check out our Forex Calendar

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  • foodaba

    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

  • Pipslinger

    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?

  • foodaba

    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

  • Pipslinger

    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?

  • PipSurfer

    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

  • PipSurfer

    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

  • foodaba

    So trading window (to enter trades),, is 12 midnite to

    12 noon edt???

  • foodaba

    So trading window (to enter trades),, is 12 midnite to

    12 noon edt???

  • craigfx

    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.

  • craigfx

    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.