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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

6:30am 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 1.2835 with a stop at the most recent swing low at 1.2811. Since I was 15 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.2850.

Entry: Long at 1.2835 Stop: 1.2811 Target: 1.2850

9:15am EST– My target was hit. Price closed right at 1.2850 so I went ahead and took my final profit. (+15 pips)

Cowabunga Forex System
Cowabunga Forex System

 

Trade Result: +15 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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