Cowabunga System Daily Update: Monday, 02/27/2012

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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 :

  • None

Today’s Surf

2:45, 3:15, 4:15, 6:00, 10:15am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, but MACD was already positive from the previous candle. This cancelled out the signals and I did not enter.

entry2

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

News events to watch for Tuesday:

For a complete list of news events check out our Forex Economic Calendar.
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  • Leon Duffield

    Thanks for your help with this forum, it’s great to cut your teeth to. One question……if you have a Zero Lag MACD would you still not enter a short trade if the MACD was already into the negative? and visa versa.