Cowabunga System Daily Update: Tuesday, 09/21/2010

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Main Trend

Current Trend

The trend was down the entire day.

Today I only looked for short trades.

News events to watch for today :

Today’s Surf

1:15am, 3:00am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.

entry2

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

News events to watch for Wednesday:

For a complete list of news events check out our Forex Economic Calendar.
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  • bmduncan33

    Did you not consider the FOMC statement at 2:15pm because it was outside your normal trading time-frame? Just curious.

  • PipSurfer

    @bm- normally I don’t since it is outside of the trading time. However if for some reason I am still holding onto a trade from a signal generated before 12noon EST then I would exit before the FOMC statement.

  • bmduncan33

    Did you not consider the FOMC statement at 2:15pm because it was outside your normal trading time-frame? Just curious.

  • PipSurfer

    @bm- normally I don’t since it is outside of the trading time. However if for some reason I am still holding onto a trade from a signal generated before 12noon EST then I would exit before the FOMC statement.