Cowabunga System Daily Update: Tuesday, 10/07/08

If you haven’t done so already , go check out BabyPips’ newest creation, FreshPips.com !

Freshpips.com delivers to your e-door step the most relevant Forex news and research on the Web. The stories you see on FreshPips are submitted by site members – you and your fellow Forex traders. You then decide what’s “fresh” and what, well, sucks. Top honors – submissions placed on the main page – are given to the stories deemed fresh by the FreshPips.com community as a whole.

Check it out, register, and start submitting cool Forex stories today!

If this is your first time visiting this blog, read this first! 

Main Trend

Current Trend= The trend remained down the entire day.

Today I only looked for short trades

News events to watch for today :

  • 4:30am EST- UK Manufacturing Production
  • 1:15pm EST- Bernanke Speaks
  • 2:00pm EST- FOMC Meeting Minutes

Today’s Surf

2:45am EST- There was a moving average crossover for a short trade but RSI was greater than 50 and MACD was already negative. No entry.

entry2

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

News events to watch for tomorrow :

  • 10:00am EST- US Pending Home Sales

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.