Cowabunga System Daily Update: Tuesday 10/02/07

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

Main Trend

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

Today’s Surf

6:00am, 7:45am ET- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, but MACD was already positive. This cancelled out the signal and I did not enter. No trade!

Trade Result: +0 pips

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  • bas

    Hi, I joined babypips yesterday and I saw your cowabunga system, which produced some good results but I have some questions :
    Suppose your main trend (4 h) is up and your 15m chart also gives a buy signal when does the main trend change? Is that immediately when you have a crossover in MA or should the RSI

  • bas

    Hi, I joined babypips yesterday and I saw your cowabunga system, which produced some good results but I have some questions :
    Suppose your main trend (4 h) is up and your 15m chart also gives a buy signal when does the main trend change? Is that immediately when you have a crossover in MA or should the RSI
    If you have a crossover in the main trend between 4.00 and 8.00 do you start looking for a crossover in the 15 m starting at 8.00? What happens if the small trend has a crossover at 6.00 because if you start looking at 8.00 there isn’t going to be a crossover anymore (you already had that at 6.00)? You don’t take the trade?

    Regards,
    Bas