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: Monday, 10/08/07

Posted 14:00 08 October 2007 | Comments

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 and changed the trend from up to DOWN. After 12pm ET, the trend remained down the rest of the day.

Today I only looked for long trades until 12pm ET. Since I wasn't in a trade by 12pm ET, I called it a day and stopped look for trades at this time.

Today's Surf

7:00am 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 the signal and I did not enter.