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 System Daily Update: 08/15/07

Posted 16:03 15 August 2007 | Comments

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

4:30 am ET- This was a valid signal but unfortunately it happened during a news candle (MPC minutes). This means that the signal is no good and I didn't enter.

Entry: None
Stop: None
Initial Target: None

7:00 am ET- There was a moving average for a short trade. RSI was less than 50 and MACD was positive and losing value but stochastics were flat. This cancelled the signal and I didn't enter.

Entry: None
Stop: None
Initial Target: None