Cowabunga System Daily Update: 04/03/07
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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
2:00 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 9786 with a stop at the most recent swing low which was at 9770. Since I was only 14 pips away from the nearest 00 level, I decided to go for a couple more pips and go for the same amount of pips I was risking, which in this case was 16. This put my target at 9802.
2:15 am ET- My target was hit. There was not a clean break so I took my final profit.
Trade Result: +16 pips; R-Multiple= 1.00
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Related Posts:
- Cowabunga System Daily Update: Friday 06/01/07 14:24 04 June 2007
- Cowabunga System Daily Update: 07/10/07 17:00 10 July 2007
- Cowabunga System Daily Update: 06/12/07 16:25 12 June 2007
- Cowabunga System Daily Update: 06/04/07 15:31 04 June 2007
- Cowabunga System Daily Update: 04/25/07 16:49 25 April 2007
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