Cowabunga System Daily Update: Thursday, 05/19/2016

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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

2:00am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending but MACD was already positive from the previous candle. This cancelled out the signal and I did not enter.

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.
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  • Giuliano Pietoso

    By my experience with the system, if you set the SL correctly you should be ok. The important thing is the alignment of the signals at the entry of the trade.