Cowabunga System Daily Update: 05/08/07

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Main Trend

Current Trend= The trend remained up until 12pm ET. From 8am – 12pm ET, a new trend change candle formed and changed the trend from up to DOWN. After that, the trend remained down for the rest of the day.

Today I looked for long trades until 12pm ET. After 12pm ET, I only looked for short trades.

Today’s Surf

Because of the new trend that formed, there were no signals generated today.

Trade Result: +0 pips ; R-Multiple= 0

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2 comments

  1. fxdiva

    If you enter at the beginning of a move couldn’t just ride the wave and use the retraces on the 15min to add to your position?

    Reply
  2. fxdiva

    If you enter at the beginning of a move couldn’t just ride the wave and use the retraces on the 15min to add to your position?

    Reply

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