Cowabunga System Daily Update: Tuesday, 11/13/07

By Pip Surfer

November 13, 2007 12:27 PM UTC in Trading Systems

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

Main Trend

Current Trend= The trend remained down the entire day.

Today I only looked for short trades.

Today’s Surf

11:30am EDT– There was a moving average crossover for a short trade but RSI was not less than 50 and MACD was already negative. This cancelled out the signal and I did not enter.

Trade Result: +0 pips.

News events to watch for Monday :

4:30am EDT- GBP Average Earnings Index
5:30am EDT– BOE Inflation Report
8:30am EDT– US Retail Sales
8:30am EDT– US PPI
9:10am EDT– US Fed Chairman Bernanke Speaks

For a list of all of tomorrow’s news events, check out our Forex Calendar

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.

About Pip Surfer

Dude! So you've read just about everything you could possibly get your hands on about the forex. Follow along as I take a simple forex trading system and apply it to an unsimple market. If you're new trader, you should read this first.. Then check out the Cowabunga System FAQs.