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 :
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
- 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
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