Cowabunga System Daily Update: Friday, 04/18/08
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Main Trend
Current Trend= The trend remained up the entire day
Today I only looked for long trades
News events to watch for today :
Today's Surf
10:45am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.9969 with a stop at the most recent swing low at 1.9906. Since I was 31 pips away from the nearest 50 or 00 level, I decided to put my initial target at 2.0000.
Entry: Long at 1.9969
Stop: 1.9906
Initial Target: 2.0000
3:45am EST- My target wasn't hit by this time. It was the end of the day so I closed my trade out. I exited at 1.9946.
Trade Result: -23 pips : R-Multiple: -0.36
News events to watch for Monday :
- None
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Related Posts:
- Cowabunga System Daily Update: Thursday, 04/17/08 12:27 17 April 2008
- Cowabunga System Daily Update: Friday, 04/11/08 12:48 11 April 2008
- Cowabunga System Daily Update: 08/23/07 15:36 23 August 2007
- Cowabunga System Daily Update: Monday, 04/28/08 12:42 28 April 2008
- Cowabunga System Daily Update: Wednesday, 02/27/08 01:40 28 February 2008
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