Cowabunga System Daily Update: Thursday, 02/09/12

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Main Trend

Current Trend

The trend was DOWN the entire day.

Today I only looked for short trades.

News events to watch for today :

Today’s Surf

5:30am 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.

6:45am EST- I didn’t even look at this as a possible trade because it was right before the 7:00am EST news event.

10:00am EST- I also didn’t even look at this as a possible trade because it was happening during a news candle.

entry2

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

News events to watch for Friday:

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

    :(