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

Main Trend

Current Trend= There was a new trend change candle from 12-4am ET which changed the trend from up to DOWN. After 4am ET, the trend remained down the rest of the day.

After 4am ET I only looked for short trades.

Today's Surf

11:00 am ET - There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle which was at 9643 with a stop at the most recent swing high which was at 9681. Since I was 43 pips away from the nearest 00 level I decided to set my target at 9600.

4:00 pm ET - My target was not hit and I manually closed out my trade. I exited at 9613.

Trade Result: +30 pips ; R-Multiple= 0.78

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.