Cowabunga System Daily Update: Thursday, 02/19/2015

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Main Trend

Cowabunga Forex System

Cowabunga Forex System

 

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

12:45am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD was negative and gaining value. This was a valid entry.

The entry was at the close of the candle at 1.5452 with a stop at the most recent swing low at 1.5441. Since I was 48 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5500.

Entry: Long at 1.5452 Stop: 1.5441 Target: 1.55–

3:00am EST– Unfortunately I was stopped out of my trade. (-11 pips)

4:15am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD was negative and gaining value. This was a valid entry.

The entry was at the close of the candle at 1.5452 with a stop at the most recent swing low at 1.5432. Since I was 48 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5500.

Entry: Long at 1.5452 Stop: 1.5432 Target: 1.5500

5:15am EST– Unfortunately I was stopped out of my trade. (-20 pips)

6:30am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD was negative and gaining value. This was a valid entry.

The entry was at the close of the candle at 1.5450 with a stop at the most recent swing low at 1.5429. Since I was 50 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5500.

Entry: Long at 1.5450 Stop: 1.5429 Target: 1.5500

7:45am EST– Unfortunately I was stopped out of my trade. (-21 pips)

Cowabunga Forex System

Cowabunga Forex System

 

 

Trade Result: -11 -20 -21= -52 pips R-Multiple: -1.00; -1.00; -1.00

News events to watch for Friday:

For a complete list of news events check out our Forex Economic Calendar.
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