Cowabunga System Daily Update: Tuesday, 06/17/08

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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 CPI
  • 8:30am EST– US PPI, US Housing Starts

Today’s Surf

10:15am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending down, but MACD was already positive which cancelled out the signal. No entry.

entry2

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

News events to watch for Tomorrow :
  • 4:30am EST– BOE Meeting Minutes

For a complete list of news events check out our News Section

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