Cowabunga System Daily Update: Monday, 06/20/11

By Pip Surfer

June 20, 2011 2:19 PM UTC in Trading Systems

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Main Trend

Current Trend

The trend was down the entire day.

Today I only looked for short trades.

News events to watch for today :

None

Today’s Surf

11:45am 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 from the previous candle. This cancelled out the signal and I did not enter. Also because it was right before 12 noon EST I still would not have entered even if it was a valid signal.

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

News events to watch for Tuesday:

4:30am EST– UK Public Borrowing
6:00am EST– UK CBI Industrial Trends
10:00am EST– US Existing 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.