Partner Center Find a Broker

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

1:45am 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 1.2959 with a stop at the most recent swing low at 1.2950. Since I was 41 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.3000.

Entry: Long at 1.2959 Stop: 1.2950 Target: 1.3000

4:15am EST– Unfortunately my target wasn’t hit by this time. Since news was coming out at 4:30am EST, I decided to manually exit my trade. I got out at 1.2985. (+26 pips)

9:00am 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 1.2972 with a stop at the most recent swing low at 1.2955. Since I was 28 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.3000.

Entry: Long at 1.2972 Stop: 1.2955 Target: 1.3000

11:45am EST– Unfortunately my target wasn’t hit by this time. Since it was 12 noon EST, I decided to manually exit my trade. I got out at 1.2985. (+13 pips)

Cowabunga Forex System
Cowabunga Forex System

 

Trade Result: +26 +13= +39 pips R-Multiple: 2.88; 0.76

News events to watch for Friday:

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.