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, 05/08/08
If this is your first time visiting this blog, read this first!
Main Trend
Current Trend= The trend remained down the entire day.
Today I only looked for short trades.
News events to watch for today :
- 7:00am EST- UK Official Bank Rate
- 8:30am EST- ECB Press Conference
Today's Surf
12:45am EST- There was a moving average crossover for a short trade. However, stochastics were trending up which cancelled out the signal. No entry.
7:00am EST- There was a valid signal here, but because it was a news candle, I did not enter.
7:45am EST- There was a moving average crossover for a short trade. However, MACD was already negative which cancelled out the signal. No entry.
10:15am EST- There was a moving average crossover for a short trade. However, MACD was already negative which cancelled out the signal. No entry.
10:45am EST- There was a moving average crossover for a short trade. However, MACD was already negative which cancelled out the signal. No entry.
Trade Result: +0 pips : R-Multiple: N/A
News events to watch for tomorrow :
- 8:30am EST- US Trade Balance
