Cowabunga System Daily Update: Patiently Waiting

By Pip Surfer

October 11, 2018 5:09 PM UTC in Trading Systems

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Main Trend

Current Trend

The trend was UP the entire day.

Today I only looked for long trades.

News events to watch for today:

8:30am EST– US CPI

Today’s Surf

6:15am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, but MACD was already positive from the previous candle. This cancelled out my signal and I did not enter.

10:45am EST– I didn’t consider this possible signal because it was already close to 12 noon EST.

Trade Result: +0 pips R-Multiple: N/A

News events to watch for Friday:

10:00am EST– US UoM Consumer Sentiment

For a complete list of news events check out our Forex Economic Calendar.
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About Pip Surfer

Dude! So you've read just about everything you could possibly get your hands on about the forex. Follow along as I take a simple forex trading system and apply it to an unsimple market. If you're new trader, you should read this first.. Then check out the Cowabunga System FAQs.