Cowabunga System Daily Update: Friday 05/25/07

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Main Trend

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

Today’s Surf

10:00 am ET- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle which was at 9858 with a stop at the most recent swing low which was at 9836. Since I was 42 pips away from the nearest 00 level I set my target at 9900.

3:45 pm ET- I closed my trade out at the end of the day at 9842.

Trade Result: -16 pips ; R-Multiple= -0.72

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