Cowabunga System Daily Update: Monday, 11/10/08

November 10, 2008 6:50 PM UTC in Trading Systems

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Current Trend= The trend remained up until 11 am EDT. From 7 am – 11 am EDT, a new trend change candle formed and changed the trend from up to DOWN. After 11 am EDT, the trend remained down.

Main Trend

Today I only looked for long trades until 11 am EDT. After 11 am EDT, I only looked for short trades.

News events to watch for today :

4:30 am EDT- UK PPI

Today’s Surf

4:00 am EDT- There was a valid signal here, but because it was right before the news, I did not enter.

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

News events to watch for tomorrow :

8:30 am EST- US Employment Report
10:00 am EST- US Pending Home Sales

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.