Cowabunga System Daily Update: Tuesday, 07/05/2011

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Main Trend

Current Trend

The trend was up until 4am EST. From 12am – 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 another 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 until 4am EST. From 4am – 8am EST I only looked for short trades. After 8am EST I only looked for long trades.

News events to watch for today :

Today’s Surf

There were no valid signals today.

entry2

Trade Result: +0 pips R-Multiple: N/A

News events to watch for Wednesday:

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