Cowabunga System Daily Update: Tuesday, 01/31/12

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Main Trend

Current Trend

The trend was UP the entire day.

Today I only looked for long trades.

News events to watch for today :

Today’s Surf

1:45; 3:00am EST– On both of these candles there was a potential signal. RSI was greater than 50, MACD was negative and gaining value, but Stochastics were still trending down. This cancelled out the signal and I did not enter.

9:15am EST-There was a valid signal here but because it was right before the 9:45am EST news, I did not enter.

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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