Cowabunga System Daily Update: Tuesday, 10/27/09

By Pip Surfer

October 27, 2009 2:36 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 stayed down the entire day.

Today I only looked for short trades.

News events to watch for today :

7:00am EST- U.K. CBI Distributive Trades
9:00am EST– US S&P/CaseShiller Composite-20
10:00am EST– US Consumer Confidence

Today’s Surf

7:45am EST– There was a moving average crossover for a short trade. Stochastics were trending down, but RSI was above 50 and MACD was already negative. This cancelled out the signal and I did not enter.

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

News events to watch for tomorrow:

8:30am EST- US Durable Goods Orders m/m
10:00am EST- US New Home Sales

For a complete list of news events check out our Forex Economic Calendar.
Questions? Read the Cowabunga FAQ.

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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.