Cowabunga System Daily Update: 08/08/07

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

Main Trend

Current Trend= The trend remained down until 12pm ET. From 8am – 12pm ET, a new trend change candle formed which changed the trend from down to UP. After 12pm ET, the trend remained up for the rest of the day.

Today’s Surf

Because our trend was down for most of the day we didn’t have any crossovers for a short trade during our trading session since the Cable mostly rallied today.

Entry: None

Stop: None

Initial Target: None

Trade Result: +0 pips

Questions? Read the Cowabunga FAQ.
Want to discuss the Cowabunga System? Visit our Forums.
  • leepaynesnake

    i wanna ask some question about clean break… what if a candle break our target but pull back after? Example:(long @2.0220 , limit @2.0250 , stop @2.0205 at sometime the candle reach 2.0264 and pull back to 2.0248 in just 15 minutes…. if i close at 2.0250 but the candle make a clean break then i’ll miss out target no.2 (2.0300) if i wait until the candle close then only close my trade i might be not earn the pips that i set.what’s the solution?

  • leepaynesnake

    i wanna ask some question about clean break… what if a candle break our target but pull back after? Example:(long @2.0220 , limit @2.0250 , stop @2.0205 at sometime the candle reach 2.0264 and pull back to 2.0248 in just 15 minutes…. if i close at 2.0250 but the candle make a clean break then i’ll miss out target no.2 (2.0300) if i wait until the candle close then only close my trade i might be not earn the pips that i set.what’s the solution?