Cowabunga System Daily Update: Wednesday, 04/23/08
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Main Trend
Current Trend= The trend remained up until 8am EST. From 4am - 8am EST, a new trend change candle formed and changed the trend from up to DOWN. After 8am EST, the trend remained down the rest of the day.
Today I only looked for long trades until 8am EST. After 8am EST, I only looked for short trades.
News events to watch for today :
- 4:30am EST- MPC Meeting Minutes
Today's Surf
1:00am EST- There was a moving average crossover for a long trade. Stochastics were trending up and MACD was negative and gaining value, but RSI was less than 50. This cancelled out the signal and I did not enter.
4:30am EST- There was a valid signal here, but because it was a news candle, I did not enter.
Trade Result: +0 pips : R-Multiple: N/A
News events to watch for tomorrow :
- 4:30am EST- UK Retail Sales
- 8:30am EST- US Durable Goods Orders
- 10:00am EST- US New Home Sales
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Related Posts:
- Cowabunga System Daily Update: Tuesday, 03/04/08 13:54 04 March 2008
- Cowabunga System Daily Update: Tuesday, 11/27/07 14:11 27 November 2007
- Cowabunga System Daily Update: Tuesday, 01/15/08 13:02 15 January 2008
- Cowabunga System Daily Update: Wednesday, 03/12/08 13:24 12 March 2008
- Cowabunga System Daily Update: Wednesday, 04/16/08 12:28 16 April 2008
Archived Comments (5)
Forex Blog: Pip My System
I read RSI at 51?
Do you base everything, for entry at closing of the crossing candle or the crossing itself?
regards bro- hang 10 pips!
PIPSURFER,
PIPSURFER,
PIPSURFER, STAYED WITH THE SYSTEM. AT THE PURPLE CANDLE JUST AT THE FINAL SHORT TRADE CROSSOVER, WHY WAS'NT THERE A SHORT CROSSOVER ON THE 4 HOUR CHART? WHY WAS THE 15 MIN CHART SHOT CROSSOVER AHEAD OF THE 4 HOUR CROSSOVER. 4 HOUR EMAS STAYED LONG WELL AFTER THE 15 MIN EMAS HAD CROSSED TO SHORT. GOT SORT OF NERVOUS ABOUT THE SYSTEM. DOSE THIS HAPPEN OFTEN?