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
Questions? Read the Cowabunga FAQ.
Want to discuss the Cowabunga System? Visit our Forums.
Related Posts:
- Cowabunga System Daily Update: Thursday, 09/18/08 13:56 18 September 2008
- Cowabunga System Daily Update: Tuesday, 10/07/08 13:03 07 October 2008
- Cowabunga System Daily Update: Monday, 10/20/08 13:53 20 October 2008
- Cowabunga System Daily Update: Tuesday, 08/26/08 15:26 26 August 2008
- Cowabunga System Daily Update: Monday, 11/10/08 18:50 10 November 2008
Archived Comments (2)
Forex Blog: Pip My System
The past 2 weeks has been pretty calm for the cowabunga system. Wonder when a Summer hurricane will bring in some waves.
Thank You Pipsurfer for answering my question from yesterday. I have one more question: when looking at the four-hour chart, does the RSI and the stochastics need to be trending in the same direction, to confirm the trend?