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
Questions? Read the Cowabunga FAQ.
Want to discuss the Cowabunga System? Visit our Forums.
Related Posts:
- Cowabunga System Daily Update: 10/01/07 14:34 01 October 2007
- Cowabunga System Daily Update: Monday, 02/25/08 13:05 25 February 2008
- Cowabunga System Daily Update: 07/18/07 16:02 18 July 2007
- Cowabunga System Daily Update: Tuesday, 11/27/07 14:11 27 November 2007
- Cowabunga System Daily Update: Monday, 10/08/07 14:00 08 October 2007
Comments (1)
Post a Comment
Forex Blog: Pip My System
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