Cowabunga System Daily Update: +41 Pips

Posted 16:30 18 January 2007 | 4

Main Trend

Current Trend= Up

Today I only looked for long trades.

Today's Surf

There was a Cowabunga signal at 9:30 am ET today. The entry was at the close of the candle which was 9705 with a stop loss at the most recent swing low at 9633. My target was set for 9750. At 3:30 pm ET the Cable got as high as 9747. Since I always exit my trades by 4 pm ET, I decided to go ahead and exit my trade at the close of that candle which ended up at 9746.

Trade Result: +41 Pips

Comments (4)

nice work! I will adopt your strategy. Is it ok to use the strategy on other pairs (if yes, will I have the same average results?)? And if so, why you don't trade in other pairs? thank!
MadOnioN | Posted 17:03 18 January 2007
I haven't thoroughly tested it on other pairs yet. The system seems to work nice with the volatility that the Cable has. I'm working on testing on other pairs and I'll share anything interesting that I find. Happy trading!
bigpippin | Posted 23:48 18 January 2007
Hey Bigpippin ! The chart shows that the last swing low being 9633 (this will give a SL size of 72 pips) Did you use lowest close in the last swing low to get SL at 9661. If indeed there's a mistake in the SL, the trade only resulted in 0.57R (still
Pacifier | Posted 07:28 19 January 2007
Sorry I made a mistake when I wrote down the stop loss. My actual stop loss was indeed 9633 which was the swing low. When I wrote this I accidentally looked at the close of that swing candle rather than the low. So for clarification, the correct stop is at 9633. Thank you for pointing that out :)
bigpippin | Posted 00:27 20 January 2007

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