Cowabunga System Daily Update: Wednesday, 02/04/15

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

Main Trend


Current Trend

The trend was DOWN the entire day.

Today I only looked for short 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 less than 50, stochastics were trending down but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.


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

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.

Like what you've read?
Join over 45,000 other traders who get our newsletter. Tutorials, EAs, chart setups, free forex trading systems, and more!
  • jaber

    But I entered this on the previous candle you just mentioned

  • Marc

    Are you still trading this system every day and only making sporadic blog posts or do you only trade when you post? I checked Meetpips to try to find out (from the FAQ), but there is no record of your recent trades.

    Just curious if this is still your primary system after 6 years or if you are doing something else. If so, it is pretty amazing that it held up in pretty much every market cycle and phase.

  • Jabb

    actually I made up the same strategy as yours(whit one different part: you check the trend in H4 but I check it in the daily candle)Then I found you in here and start following your every single post that you leave. About Meetpips, I don’t really check that website cuz I have my own records of my trades.