Cowabunga System Daily Update: Thursday, 10/20/2016


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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

3:45am 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.

6:00am 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.

11:15am 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 Friday:

  • None

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

    Hi Pip Surfer, you said “11:15am EST – Didn’t consider this possible signal because it was close to 12 noon EST.”
    So my question is:
    Should I open a position in the hours between 11:00pm ET (noon) and 04:00pm ET?
    Thanks