Cowabunga System Daily Update: Tuesday, 01/08/08

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Main Trend

trend2

Current Trend= The trend remained down until 3am EDT. From 11pm EDT to 3am EDT a new trend change candle formed and changed the trend from down to UP. After 3am EDT, the trend remained up the rest of the day.

Today I looked for short trades until 3am EDT. After 3am EDT, I only looked for long trades.

Today’s Surf

9:45am EDT- There was a moving average crossover for a long trade. However, it was right before the Pending Home Sales report. According to my rules I do not enter right before important news events so I did not take this trade.

entry2

Trade Result: +0 pips; R-Multiple: N/A

News events to watch for Monday :
  • None
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  • Naijafx

    happy new year ! i was in your trading room at tradingrooms.com but met nobody. I’d like to ask if you’ve fine-tuned the caqobunga indicator.

    thanks

  • Naijafx

    happy new year ! i was in your trading room at tradingrooms.com but met nobody. I’d like to ask if you’ve fine-tuned the caqobunga indicator.

    thanks

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