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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August 2007

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Cowabunga System Daily Update: 08/12/07

Posted 17:58 13 August 2007 | 3

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

Main Trend

Current Trend= The trend remained down the entire day

Today's Surf

10:00 am ET- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle at 2.0129 with a stop at the most recent swing high which was at 2.0155. Since I was 29 pips away from the nearest 00 level I decided to put my target at 2.0100.

Entry: Short at 2.0129
Stop: 2.0155
Initial Target: 2.0100

4:00 pm ET- Unfortunately my target was not hit by this time so I manually exited my trade at breakeven.

Trade Result: +0 pips

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.

Cowabunga System Daily Update: 08/14/07 15:01 14 August 2007
Cowabunga System Daily Update: Friday, 09/21/07 09:23 24 September 2007
Cowabunga System Daily Update: 03/28/07 15:55 28 March 2007
Cowabunga System Daily Update: 09/25/07 12:44 25 September 2007
Cowabunga System Daily Update: 06/21/07 16:50 21 June 2007

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Hi, Thanks for making your system available for free. am very comfortable with it. it has been working for me for the past three days with a little adjustment to suit my trading style

michwales | Posted 02:07 14 August 2007

I'm glad to hear that michwales! I'm happy to see you tweaking it to fit your personal style. That's what this whole blog was intended to do. Happy trading!

PipSurfer | Posted 15:13 14 August 2007

Hi thanks for that system. would there be adjustment to the 3 hrs chart rather than the 4hrs chart as i am using oanda.

fxPharoh | Posted 01:31 27 August 2007

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