Cowabunga System Daily Update: Wednesday, 11/21/2012

If this is your first time visiting this blog, read this first! 

Main Trend

Current Trend

The trend was UP the entire day.

Today I only looked for long trades.

News events to watch for today :

Today’s Surf

3:15am 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 at the signal and I did not enter.

11:00am EST- There was a valid signal here but because it was close to 12 noon I decided not to enter the trade.

entry2

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

News events to watch for Thursday:

  • US Holiday- Thanksgiving (will not trade)

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

Want to discuss the Cowabunga System? Visit our Forex Forums.

  • artekmc

    PWL of NZD/USD was 0.8052 i believe its just a typo ;)

    • happypip

      Cool! Thanks for the heads up! :)