Cowabunga System Daily Update: Tuesday, 09/29/09

If this is your first time visiting this blog, read this first!

Main Trend

Current Trend

The trend stayed down the entire day.

Today I only looked for short trades.

News events to watch for today :

  • 4:30am EST- UK Gross Domestic Product
  • 6:00am EST- UK U.K. CBI Distributive Trades
  • 10:00am EST- US Consumer Confidence

Today's Surf

2:15am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down but MACD was already negative. This cancelled out the signal and I did not enter.

9:45am EST- There was a valid signal here but because it was close to a news report, I didn't enter.

entry2

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

News events to watch for tomorrow:

  • 8:15am EST- US ADP Non-Farm Employment Change
  • 8:30am EST- US Gross Domestic Product Price Index
  • 9:45am EST- US Chicago Purchasing Manager

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.

0 comments:

Post a Comment

 
© 2009 | FOREX SETS | Privacy policy Forexsets.blogspot.com