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: Thursday, 05/01/08
If this is your first time visiting this blog, read this first!
Main Trend
Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
News events to watch for today :
- 4:30am EST- UK Manufacturing PMI
- 8:30am EST- US Personal Spending
- 10:00am EST- US ISM Manufacturing Index
Today's Surf
3:30am EST- There was a moving average crossover for a long trade. RSI was greater than 50, MACD went from negative to positive, but stochastics were trending down. This cancelled out the signal and I did not enter.
Trade Result: +0 pips : R-Multiple: N/A
News events to watch for tomorrow :
- 8:30am EST- US Non Farm Employment Change
