Cowabunga System Daily Update: Wednesday, 04/27/11

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Main Trend

Current Trend

The trend was up until 4am EST. From 12 midnight to 4am EST, a new trend change candle formed and changed the trend from up to DOWN.

The trend stayed down until 8am EST. From 4am – 8am EST a new trend change candle formed and changed the trend from down to UP.

After 8am EST, the trend remained up the rest of the day.

Today I only looked for long trades from 12 midnight to 4am EST. I only looked for short trades from 4am EST to 8am EST, and I only looked for long trades from 8am EST on out.

News events to watch for today :

Today’s Surf

8:30am EST– There was a valid signal here but because it was a news candle 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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