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

2:30am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD was negative and gaining value. This was a valid entry.

The entry was at the close of the candle at 1.5444 with a stop at the most recent swing low at 1.5411. Since I was only 6 pips away from the nearest 50 or 00 level (1.5450), I decided to go for the same amount of pips I was risking on the trade, which in this case was 33. This put my initial target at 1.5477.

Entry: Long at 1.5444 Stop: 1.5411 Target: 1.5477

3:45am EST– My target was hit. Price closed right at 1.5477 and since news was coming out shortly, I just decided to take my profit. I exited at 1.5477 (+33 pips)


Trade Result: +33 pips R-Multiple: 1.00

News events to watch for Thursday:

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.