About Pip My System

Dude! So you've read just about everything you could possibly get your hands on about the Forex. Now you want to get your feet wet but aren't sure where to start. Well then this blog is for you! Follow along as I take a simple forex trading system and apply it to an unsimple market. If you're new to the blog you should read this first.

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Cowabunga Daily Update- 01/16/07

Posted 19:02 16 January 2007 | Comments

Main Trend

Current Trend= Up

Today's trend was up and I only looked for long trades.

Today's Surf

You can see that we had several moving average crossovers for long trades which are indicated by the black candles. However, because MACD was already positive it voided out our signals and kept us out of the market. In this case, it was a good thing we stayed out as we would've lost both trades.