Cowabunga System Daily Update: Wednesday, 03/09/11

If this is your first time visiting this blog, read this first! 

Main Trend

Current Trend

The trend was down until 11am EST. From 7am – 11am EST, a new trend change candle formed and changed the trend from down to UP. After 11am EST, the trend remained up the rest of the day.

Today I only looked for short trades until 11am EST. After 11am EST, I only looked for long trades.

News events to watch for today :

Today’s Surf

8:45am 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 Thursday:

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

    hi pip surfer, you got trend change candle today :) i didn’t one and the trend still down untill now it’s ok due to broker defferences, right?

  • Jagstrack

    Hi Cowbunga. Could you please tell me what moving average, stochastics and Rsi do you use on 15 min charts? I like your system so I wish to experiment it. Thanks

  • Jagstrack

    Hi Cowbunga. Could you please tell me what moving average, stochastics and Rsi do you use on 15 min charts? I like your system so I wish to experiment it. Thanks

  • TradeHunter

    hi Jagstrack

    go to this link on top of the page, all rules there.

    “If this is your first time visiting this blog, read this first!”

  • TradeHunter

    hi Jagstrack

    go to this link on top of the page, all rules there.

    “If this is your first time visiting this blog, read this first!”