Cowabunga System Daily Update: Wednesday, 05/02/2012

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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

1:45; 3:30am 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.

entry2

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

News events to watch for Thursday:

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