Partner Center Find a Broker


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

Main Trend

Cowabunga Forex System
Cowabunga Forex System

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

12:45am 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 1.2475 with a stop at the most recent swing low at 1.2463. Since I was 25 pips away from the nearest 50 or 00 level I decided to put my initial target at 1.2500.

Entry: Long at 1.2475 Stop: 1.2463 Target: 1.2500

2:45am EST– My target was hit. Price didn’t make a clean break so I took my final profit. I got out at 1.2498. (+23 pips)

4:15am 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 1.2484 with a stop at the most recent swing low at 1.2465. Since I was 16 pips away from the nearest 50 or 00 level I decided to put my initial target at 1.2500.

Entry: Long at 1.2484 Stop: 1.2465 Target: 1.2500

4:45am EST– Unfortunately I was stopped out of my trade. (-19 pips)

11:00am EST– Didn’t consider this possible signal because it was close to 12 noon EST. No entry.

Cowabunga Forex System
Cowabunga Forex System

 

Trade Result: +23 -19= +4 pips R-Multiple: 1.91; -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.