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: 10/22/07

Posted 17:26 22 October 2007 | 0

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

Main Trend

Current Trend= The trend remained up until 8am ET. From 4am - 8am ET, a new trend change candle formed and changed the trend from up to DOWN. After 8am ET, the trend remained down.

I looked for long trades until 8am ET. After 8am ET, I only looked for short trades.

Today's Surf

1:00am ET- There was a moving average crossover for a short trade. RSI was less than 50 but stochastics were not trending up. This cancelled out the signal and I did not enter.

Trade Result: +0 pips

Tomorrow's news events to watch out for:

No important news events tomorrow

For the rest of tomorrow's news lineup, check out our Forex Calendar

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.

Cowabunga System Daily Update: Thursday, 12/13/07 12:07 13 December 2007
Cowabunga System Daily Update: 10/16/07 15:50 16 October 2007
Cowabunga System Daily Update: 10/04/07 12:48 04 October 2007
Cowabunga System Daily Update: Tuesday, 01/08/08 16:09 08 January 2008
Cowabunga System Daily Update: Friday, 11/30/07 09:13 03 December 2007

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