Cowabunga System Daily Update: Tuesday, 10/27/09

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

Main Trend

Current Trend

The trend stayed down the entire day.

Today I only looked for short trades.

News events to watch for today :

  • 7:00am EST- U.K. CBI Distributive Trades
  • 9:00am EST- US S&P/CaseShiller Composite-20
  • 10:00am EST- US Consumer Confidence

Today’s Surf

7:45am EST- There was a moving average crossover for a short trade. Stochastics were trending down, but RSI was above 50 and 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:

  • 8:30am EST- US Durable Goods Orders m/m
  • 10:00am EST- US New Home Sales

For a complete list of news events check out our Forex Economic Calendar.
Questions? Read the Cowabunga FAQ.

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10 comments

  1. harmudge

    Hi Pipsurfer, fairly new to Babypips and trading in general.
    Just thought I would let you know that I love the simplicity of your system and the thorough-ness of your thread. I will be trying out your system on my account in the near future.

    Keep up the good work.

    Harmudge

    Reply
  2. harmudge

    Hi Pipsurfer, fairly new to Babypips and trading in general.
    Just thought I would let you know that I love the simplicity of your system and the thorough-ness of your thread. I will be trying out your system on my account in the near future.

    Keep up the good work.

    Harmudge

    Reply
  3. mpearson

    In your video you said the indicators did not line up for the down trend. The RSI was above 50 which doesn’t line up but STOCH both lines were pointing down and the MACD was in negative territory. Would you have placed the trade if the RSI was below 50 then all indicators would have matched up.

    Reply
  4. mpearson

    In your video you said the indicators did not line up for the down trend. The RSI was above 50 which doesn’t line up but STOCH both lines were pointing down and the MACD was in negative territory. Would you have placed the trade if the RSI was below 50 then all indicators would have matched up.

    Reply

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