Cowabunga System Daily Update: 03/27/07

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Main Trend

Current Trend= The trend remained up the entire day

Today I only looked for long trades.

Today’s Surf

8:00 am ET – There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle which was at 9653 with a stop at the most recent swing low which was at 9627. Since I was 47 pips away from the nearest 50 level I decided to set my target at 9700.

4:00 pm ET – My target was not hit and I manually closed out my trade. I exited at 9657.

Trade Result: +4 pips ; R-Multiple= 0.15

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