Cowabunga System Daily Update: Thursday, 02/24/11

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Main Trend

Current Trend

The trend was up until 3am EST. From 11pm – 3am EST, a new trend change candle formed and changed the trend from up to DOWN. After 3am EST, the trend remained down the rest of the day.

Today I only looked for long trades until 3am EST. After 3am EST, I only looked for short trades.

News events to watch for today :

Today’s Surf

5:45am EST- There was a valid signal here but because it was right before a news event I did not enter.

10:00am EST- There was a valid signal here but because it was a news candle I did not enter.

entry2

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

News events to watch for Friday:

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

    I think using 1 hr chart as your major trend would let you have more trades since you are a daytrader. And i think a major crossover in the 1 hr chart timeframe is an early signal of a reversal of the 4 hour chart or a major retracement

  • pipsinvestigator

    Pips investigator

  • pipsinvestigator

    I think using 1 hr chart as your major trend would let you have more trades since you are a daytrader. And i think a major crossover in the 1 hr chart timeframe is an early signal of a reversal of the 4 hour chart or a major retracement

  • pipsinvestigator

    I think using 1 hr chart as your major trend would let you have more trades since you are a daytrader. And i think a major crossover in the 1 hr chart timeframe is an early signal of a reversal of the 4 hour chart or a major retracement

  • pipsinvestigator

    Pips investigator

  • pipsinvestigator

    I think using 1 hr chart as your major trend would let you have more trades since you are a daytrader. And i think a major crossover in the 1 hr chart timeframe is an early signal of a reversal of the 4 hour chart or a major retracement