Cowabunga System Daily Update: Wednesday, 06/24/2015

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Main Trend

Cowabunga Forex System

Cowabunga Forex System

 

Current Trend

The trend was DOWN the entire day.

Today I only looked for short trades.

News events to watch for today :

Today’s Surf

12:30am EST– There was a moving average crossover 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 at 1.5735 with a stop at the most recent swing high at 1.5744. Since I was 35 pips away from the nearest 50 or 00 level I decided to put my initial target at 1.5700.

Entry: Short at 1.5735 Stop: 1.5744 Target: 1.5700

1:15am EST– Unfortunately I was stopped out of my trade. (-9 pips)

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

Cowabunga Forex System

Cowabunga Forex System

 

Trade Result: -9 pips R-Multiple: -1.00

News events to watch for Thursday:

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

    thanks you