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: Tuesday, 05/20/08
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Main Trend
Current Trend= The trend remained down until 4am EST. From 12am - 4am EST, a new trend change candle formed and changed the trend from down to UP. After 4am EST, the trend remained up the rest of the day.
Today I only looked for short trades until 4am EST. After 4am EST, I only looked for long trades.
News events to watch for today :
- 8:30am EST- US PPI
Today's Surf
12:15am EST- There was a moving average crossover for a short trade. However, MACD was already negative which cancelled out the signal so I did not enter.
Trade Result: +0 pips : R-Multiple: N/A
News events to watch for Monday :
- 4:30am EST- UK MPC Meeting Minutes
- 2:00pm EST- FOMC Meeting Minutes
For a complete list of news events check out our News Section
