Cowabunga System Daily Update: Tuesday, 01/29/2013

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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

1:45am 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.

5:00am 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.

8:45am EST- Didn’t even consider this because it was right before the 9:00am EST news.

11:30am EST- (At the time of this writing) 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. *This ended up not being a signal but either way I still would not have entered because it was close to 12 noon EST.

entry2

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

News events to watch for Wednesday:

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

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  • mirgi

    Hi, please where can I find your template with news candle? Thanks

  • Braden1

    It’s called xtick. It’s cool but it isn’t free

  • mirgi

    Thanks, where can I buy it?

    Cowabunga is suuuuper manual system.

  • mirgi

    Sorry, I read FAQ where I find it 🙂