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 :

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.

entry2

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

News events to watch for tomorrow :

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

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  • -Conan-

    The past 2 weeks has been pretty calm for the cowabunga system. Wonder when a Summer hurricane will bring in some waves.

  • -Conan-

    The past 2 weeks has been pretty calm for the cowabunga system. Wonder when a Summer hurricane will bring in some waves.

  • stcary

    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?

  • stcary

    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?