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: Tuesday, 01/08/08
If this is your first time visiting this blog, read this first!
Main Trend
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.
Trade Result: +0 pips; R-Multiple: N/A
News events to watch for Monday :
- None
