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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 :
- 4:30am EST- UK Trade Balance ; Visible Trade Balance
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.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Thursday:
- 4:30am EST- UK Manufacturing production ; Industrial Production
- 7:00am EST- UK BOE MPC Interest rate announcement
- 8:30am EST- Initial Claims; Trade Balance
For a complete list of news events check out our Forex Economic Calendar.
Questions? Read the Cowabunga FAQ.
Want to discuss the Cowabunga System? Visit our Forex Forums.
Related Posts:
- Cowabunga System Daily Update: Thursday, 01/10/2013 13:05 10 January 2013
- Cowabunga System Daily Update: Wednesday, 12/08/10 14:52 08 December 2010
- Cowabunga System Daily Update: Tuesday, 01/08/2013 11:15 08 January 2013
- Cowabunga System Daily Update: Thursday, 02/09/12 12:18 09 February 2012
- Cowabunga System Daily Update: Wednesday, 01/11/2012 14:55 11 January 2012
Archived Comments (3)
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?
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
hi Jagstrack
go to this link on top of the page, all rules there.
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