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 :
- 4:30am EST- UK BOE Mortgage Approvals; Net Consumer Credit
- 8:30am EST- US Employment Cost Index
- 9:00am EST- US S&P Case-Shiller Home Price
- 9:45am EST- US Chicago PMI
- 10:0am EST- US Consumer Confidence
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.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Wednesday:
- 4:30am EST- UK CIPS Manufacturing PMI
- 8:15am EST- US ADP Employment Survey
- 9:00am EST- US Treasury releases full quarterly refunding documents
- 10:00am EST- US ISM Manufacturing
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: Tuesday, 05/31/11 15:38 31 May 2011
- Cowabunga System Daily Update: Tuesday, 08/02/11 11:49 02 August 2011
- Cowabunga System Daily Update: Tuesday, 01/04/11 15:17 04 January 2011
- Cowabunga System Daily Update: Wednesday, 11/30/2011 12:53 30 November 2011
- Cowabunga System Daily Update: Wednesday, 11/02/11 11:28 02 November 2011
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