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- Wednesday, 08/27/08
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Main Trend
Current Trend= The trend remained down the entire day.
Today I only looked for short trades
News events to watch for today :
- 8:30am EST- US Durable Goods
Today's Surf
1:45, 8:45 am EST- There was a moving average crossover for a short trade, RSI was less than 50, stochastics were trending down, but MACD was already negative. This cancelled out the signal and I did not enter.
Trade Result: 0 pips R-Multiple: N/A
News events to watch for tomorrow :
- 2:00am EST- UK Nationwide HPI
- 8:30am EST- US Preliminary GDP
For a complete list of news events check out our News Section
