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

2:00am 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 1.3014 with a stop at the most recent swing low at 1.2998. Since I was 36 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.3050.

Entry: Long at 1.3014 Stop: 1.2998 Target: 1.3050

2:45am EST– Unfortunately I was stopped out of my trade. (-16 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 went from negative to positive. This was a valid entry.

The entry was at the close of the candle at 1.3015 with a stop at the most recent swing low at 1.2978. Since I was 35 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.3050.

Entry: Long at 1.3015 Stop: 1.2978 Target: 1.3050

11:45am EST– Unfortunately my target wasn’t hit by this time. Since 12noon EST was approaching, I decided to manually exit my trade. I got out at 1.3027. (+12 pips)

Cowabunga Forex System
Cowabunga Forex System

 

Trade Result: -16 +12= -4 pips R-Multiple: -1.00; 0.32

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.