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, 04/08/08
If this is your first time visiting this blog, read this first!
Sorry dudes. No video today! It was a boring day today anyways so I'll put one up when something bodacious happens.
Main Trend
Current Trend= The trend remained down the entire day.
Today I only looked for short trades.
News events to watch for today :
- 3:00am EST- Halifax House Price Index m/m
- 10:00am EST- US Pending Home Sales
Today's Surf
Unfortunately the Cable was already moving down before we could get in.
Trade Result: +0 pips: R-Multiple: N/A
News events to watch for tomorrow :
- 4:30am EST- UK Industrial Production
- 9:30am EST- US Fed Chairman, Bernanke speaks
benl- My chart shows bid prices so whatever the price is on the chart, I add the spread onto it. So if my chart says I need a stop at 9500 and I'm going short, I'll actually put my stop at 9505. I hope that makes sense. Happy trading!