About Pip My System

Pip My System Author 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 system and apply it to an unsimple market. If you're new to the blog you should read this first.

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August 2007

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Cowabunga System Daily Update: 08/09/07

Posted 16:05 09 August 2007 by Pip Surfer
If this is your first time visiting this blog, read this first!

Main Trend

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

Today's Surf

Because our trend was up for most of the day we didn't have many crossovers for a long trade during our trading session since the Cable mostly dropped today.

Entry: None
Stop: None
Initial Target: None

Trade Result: +0 pips

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Comments (3)

i wanna ask some question about clean break...i keep on figure out but fail... what if a candle break our target but pull back after? Example:(i 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'll not earn the pips that i set? what's the solution?
leepaynesnake | Posted 02:49 10 August 2007
open multiple lot trade. say you open 2 lots. 1 lot pt 2.0250; sl 2.0205. 1 lot pt 2.0300 sl @2.0205. you could adjust the sl later after your pt1 is met. i would adjust it to 2.0220 so that the 2nd lot would be a risk free trade...
babyfxtrader | Posted 05:14 11 August 2007
Hi. could you give a quick example of a system that would work on smaller/shorter timeframes please? i.e. 1min and 5min charts. what values to use and so fort. im really new to this and i don't have a big bankroll, so when i open a live account i would like to use shorter timeframes. or doesn't this make sense? please help me. really helpful site by the way, thank you very much so far =)
orbe80 | Posted 12:30 12 August 2007

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