Cowabunga System Daily Update: Thursday, 02/23/12

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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

9:15am 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.

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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  • Tom

    Your MACD is still 12, 26 at M15? I have different chart.

  • Tom

    OK, I know why. Explanatio is in the FAQ.

  • John

    Yep different chart too