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Main Trend

Cowabunga Forex System
Cowabunga Forex System

Current Trend

The trend was UP until 7am EST. From 3am – 7am EST, a new trend change candle formed and changed the tredn from up to DOWN. After 7am EST, the trend remained DOWN the rest of the day.

Today I only looked for long trades until 7am EST. After 7am EST, I only looked for short trades.

News events to watch for today:

Today’s Surf

8:30am EST– Didn’t consider this possible signal because it was on a news candle.

10:15am EST– There was a moving average crossover for a short trade. RSI was less than 50, MACD was positive and losing value, but stochastics were still trending up. This cancelled the signal and I did not enter.

Cowabunga Forex System
Cowabunga Forex System

 

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

News events to watch for Wednesday:

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