Cowabunga System Daily Update: Tuesday, 05/24/2016

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Main Trend

Cowabunga Forex System

Cowabunga Forex System

Current Trend

The trend was DOWN until 4am EST. From 12am – 4am EST, a new trend change candle formed and changed the trend from down to UP. After 4am EST, the trend remained up the rest of the day.

Today I only looked for long trades.

News events to watch for today:

Today’s Surf

1:30, 2:45am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending up but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.

10:45am EST– Didn’t consider this possible signal because it was close to 12 noon EST.

Cowabunga Forex System

Cowabunga Forex System

 

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

News events to watch for Wednesday:

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