Cowabunga System Daily Update: Monday, 10/25/10

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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

3:15, 7:15 am 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 Tuesday:

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4 comments

  1. mraugustyn

    Pip Surfer,

    Looking back at your historical records these past few months appear to be the worst on record with the system. What is your reaction to this, and do you think its a sign of a larger long term transition?

    Reply
  2. mraugustyn

    Pip Surfer,

    Looking back at your historical records these past few months appear to be the worst on record with the system. What is your reaction to this, and do you think its a sign of a larger long term transition?

    Reply
  3. randomdave

    I think your main trend was wrong today. I think you should have shorted before 3am. The main trend was long from that point and stayed long for the rest of the day.You would have had a 28 + spread loss.

    Reply
  4. randomdave

    I think your main trend was wrong today. I think you should have shorted before 3am. The main trend was long from that point and stayed long for the rest of the day.You would have had a 28 + spread loss.

    Reply

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