Partner Center Find a Broker

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


 

Main Trend

Current Trend

The trend was up the entire day.

Today I only looked for long trades.

News events to watch for today :

Today’s Surf

3:00am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD went from negative to positive. This was a valid entry.

The entry was at the close of the candle at 1.5609 with a stop at the most recent swing low at 1.5582. Since I was 41 pips away from the nearest 50 or 00 level, I decided to put my target at 1.5650.

Entry: Long at 1.5609 Stop: 1.5582 Target: 1.5650

4:15am EST- My target wasn’t hit by this time. Since news was coming out at 4:30am EST I manually exited my trade. I got out at breakeven.

6:45am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD went from negative to positive. This was a valid entry.

The entry was at the close of the candle at 1.5614 with a stop at the most recent swing low at 1.5571. Since I was 36 pips away from the nearest 50 or 00 level, I decided to put my target at 1.5650.

Entry: Long at 1.5614 Stop: 1.5571 Target: 1.5650

8:15am EST- My target wasn’t hit by this time. Since news was coming out at 8:30am EST I manually exited my trade. I got out at breakeven.

10:00am EST- There was a valid signal here but since it was a news candle I did not enter.

entry2

Trade Result: Breakeven (not including spread) R-Multiple: N/A

News events to watch for Friday:

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.