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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5 comments

  1. 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?

    Reply
  2. 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

    Reply
  3. 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

    Reply
  4. 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!”

    Reply
  5. 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!”

    Reply

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