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: Friday, 01/11/08
If this is your first time visiting this blog, read this first!
Main Trend
Current Trend= The trend remained down the entire day.
Today I only looked for short trades.
Today's Surf
12:00am 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 which cancelled out the signal.
9:00am EDT- There was a moving average crossover for a short trade. RSI was less than 50, MACD was positive and losing value, but stochastics were already in oversold territory which cancelled out the signal.
Trade Result: +0 pips ; R-Multiple: N/A
News events to watch for Monday :
- 4:30am EDT- GBP PPI Input
