Cowabunga Forex System Daily Update: Market Trend Change

October 16, 2018 9:10 PM UTC in Trading Systems

Partner Center Find a Broker

Main Trend

Current Trend

The trend was DOWN until 4am EST. From 12am – 4am EST, a new trend change candle formed and changed the trend from down to UP. After 4am EST, the trend remained UP the rest of the day.

Today I only looked for short trades until 4am EST. After 4am EST, I only looked for long trades.

News events to watch for today:

4:30am EST– UK Claimant Count Change
9:15am EST– US Industrial Production

Today’s Surf

No valid signals today.

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

News events to watch for Wednesday:

4:30am EST– UK CPI
8:30am EST– US Housing Starts

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.

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.