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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4 comments

  1. -Conan-

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

    Reply
  2. -Conan-

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

    Reply
  3. 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?

    Reply
  4. 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?

    Reply

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