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

3:15am 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 1.3100 with a stop at the most recent swing low at 1.3070. Since I was 50 pips away from the nearest 50 or 00 level, I put my initial target at 1.3150.

Entry: Long at 1.3100 Stop: 1.3070 Target: 1.3150

9:45am EST– My target was hit. Price made a clean break, but news was coming out at 10:00am EST. Because of this, I decided to take my profit and exit my trade. I got out at 1.3155. (+55 pips)

Cowabunga Forex System
Cowabunga Forex System

 

Trade Result: +55 pips R-Multiple: 1.83

News events to watch for Wednesday:

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.