Cowabunga System Daily Update: Friday, 11/30/07

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Main Trend

Current Trend= The trend remained down the entire day.

On Friday I only looked for short trades

Today’s Surf

7:30am EDT- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, but MACD was already negative. This cancelled out the signal and I did not enter.

Unfortunately this turned out to be a huge trade that we missed! You can’t catch them all but you have to remember to stick to your rules!

Trade Result: +0 pips; R-Multiple:0

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2 comments

  1. craigfx

    Lucky for me I did not miss this one, MACD was set-up for a nice run on my broker, guess it all works out in the end…I hope, LOL

    Reply
  2. craigfx

    Lucky for me I did not miss this one, MACD was set-up for a nice run on my broker, guess it all works out in the end…I hope, LOL

    Reply

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