Cowabunga System Daily Update: Thursday, 12/17/09

December 17, 2009 1:41 PM UTC in Trading Systems

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Main Trend

Current Trend

The trend stayed up until 3am EST. From 11pm – 3am EST, a new trend change candle formed and changed the trend from up to DOWN. After 3am EST, the trend remained down the rest of the day.

Today I only looked for long trades until 3am EST. After 3am EST, I only looked for short trades.

News events to watch for today :

4:30am EST- UK Retail Sales m/m
6:00am EST– UK CBI Realized Sales
8:30am EST– US Unemployment Claims
10:00am EST– US Philly Fed Manufacturing Index

Today’s Surf

No trades today

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

News events to watch for tomorrow:

4:30am EST- UK Public Sector Net Borrowing

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.