Cowabunga System Daily Update: Tuesday, 03/08/11

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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

1:45am EST- There was a moving average crossover for a short trade. RSI was less than 50, MACD was positive and went to negative, but stochastics were still trending up. This cancelled the signal and I did not enter.

4:30am 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 the signal and I did not enter.

11:15am EST- There was a signal here but because it was close to 12 noon EST 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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  • TradeHunter

    hi again pip surfer , yes today like you said no trades,
    i want to ask somthing you trade only the GBPUSD pair and i’m testing the system on EURUSD and AUDUSD the system is working fine on them today was 1 trade on the AUDUSD and EURUSD…. but is hat right to play the system on those pairs or just to stick with the pound ??

  • TradeHunter

    hi again pip surfer , yes today like you said no trades,
    i want to ask somthing you trade only the GBPUSD pair and i’m testing the system on EURUSD and AUDUSD the system is working fine on them today was 1 trade on the AUDUSD and EURUSD…. but is hat right to play the system on those pairs or just to stick with the pound ??