Cowabunga System Daily Update: Thursday, 05/07/2015

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

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

5:30am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up but MACD was already positive from the previous candle. This cancelled out the signal and I did not enter.

8:15am EST– Didn’t consider this possible signal because it was right before 8:30am EST news.

11:15am EST– Didn’t consider this possible signal because it was right before 12 noon EST.

Cowabunga Forex System

Cowabunga Forex System

 

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

News events to watch for Friday:

For a complete list of news events check out our Forex Economic Calendar.
Questions? Read the Cowabunga FAQ.
Want to discuss the Cowabunga System? Visit our Forex Forums.