Partner Center Find a Broker

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- UK Official Bank Rate
  • 8:30am EST– US Trade Balance; Unemployment Claims

Today’s Surf

7:45am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, but MACD was already negative. Plus this candle came right before a news report at 8:30am EST so I did not want to enter.

entry2

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

News events to watch for tomorrow:

  • 4:30am EST- UK PPI Input m/m
  • 8:30am EST– US Core Retail Sales m/m
  • 10:00am EST– US Prelim UoM Consumer Sentiment

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

Want to discuss the Cowabunga System? Visit our Forex Forums.