Cowabunga System Daily Update: Tuesday, 02/21/12

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Main Trend

Current Trend

The trend was UP until 7am EST. From 3am – 7am EST, a new trend change candle formed and changed the trend from up to DOWN. After 7am EST, the trend stayed DOWN the rest of the day.

Today I only looked for long trades until 7am EST. After 7am EST, I only looked for short trades.

News events to watch for today :

Today’s Surf

4:00am EST- There was a valid signal here but because it was right before the 4:30am EST news event 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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