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Main Trend

Cowabunga Forex System
Cowabunga Forex System


Current Trend

The trend was DOWN the entire day.

Today I only looked for short trades.

News events to watch for today :

Today’s Surf

1:00am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down and MACD was positive and losing value. This was a valid entry.

The entry was at the close of the candle at 1.5544 with a stop at the most recent swing high at 1.5456. Since I was 44 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5400.

Entry: Short at 1.5544 Stop: 1.5456 Target: 1.5400

3:00am EST– My target was hit. Price didn’t make a clean break so I took my final profit. I got out at 1.5403. (+41 pips)

8:00am EST– Didn’t consider this possible signal because it was right before the 8:30am EST news..

Cowabunga Forex System
Cowabunga Forex System


Trade Result: -+41 pips R-Multiple: 3.41

News events to watch for Wednesday:

  • None

For a complete list of news events check out our Forex Economic Calendar.
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