Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
5:30 am ET – There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle which was at 9702 with a stop at the most recent swing low which was 9662. Since I was 48 pips away from the nearest 50 level I decided to set my target for 9750.
12:30 pm ET – Unfortunately I am stopped out of my trade..
Trade Result: -40 pips; R-Multiple= -1.00
Bummer dudes. March has not been a good month for the Cowabunga system. But a true Forex Wave Rider never hangs his head down and we have to remain confident that our system will have us catching waves again in no time. Party on!