Cowabunga System Daily Update: Tuesday, 04/10/2012

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Main Trend

Current Trend

The trend was UP until 8am EST. From 4am – 8am EST, a new trend change candle formed and changed the trend from up to DOWN. After 8am EST, the trend remained down the rest of the day.

Today I only looked for long trades until 8am EST. After 8am EST, I only looked for short trades.

News events to watch for today :

Today’s Surf

9:45am EST– There was a valid signal here but because it was right before the 10am EST news, I did not enter.


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

News events to watch for Wednesday:

  • None

For a complete list of news events check out our Forex Economic Calendar.
Questions? Read the Cowabunga FAQ.

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  • cacao_xxx

    Hi PipSurfer,

    In the FAQ’s you say:

    “The only events I consistently stay away from are the NFP report and any
    interest rate decision for the Pound or Dollar. However, there will be
    times when a certain report may be getting a lot of “hype” and if I see
    something that warrants a caution sign I’ll include it in my post prior
    to the report.”

    In today’s post, the news events to watch for were US Wholesale inventories and IBD Consumer Optimism. You stayed out of a trade because of this.

    However, I’m not aware of any “hype” or any other reason why you would flag these two reports. Am I missing something?