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.

entry2

Trade Result: +0 pips : R-Multiple: N/A

News events to watch for tomorrow :
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  • jsd1004

    I read RSI at 51?

  • SEEpip

    Do you base everything, for entry at closing of the crossing candle or the crossing itself?
    regards bro- hang 10 pips!

  • RAPTOR5910

    PIPSURFER,

  • RAPTOR5910

    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?

  • jsd1004

    I read RSI at 51?

  • SEEpip

    Do you base everything, for entry at closing of the crossing candle or the crossing itself?
    regards bro- hang 10 pips!

  • RAPTOR5910

    PIPSURFER,

  • RAPTOR5910

    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?