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

Main Trend

Current Trend= The trend remained down the entire day.

Today I only looked for short trades.

Today's Surf

1:30 am ET- There was a moving average for a short trade. RSI was less than 50, stochastics were trending down and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle which was at 9894 with a stop at the most recent swing low at 9906. Since I was 44 pips away from the nearest 50 level I decided to put my target at 9850.

1:45 am ET- Unfortunately I was stopped out of my trade

8:30 am ET- There was a valid short signal but because it was a news candle, I did not enter.

Trade Result: -12 pips ; R-Multiple= -1.00

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.