Cowabunga System Daily Update: Tuesday, 11/27/07

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

7:00am EDT- 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.

8:00am EDT- 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.

10:00am EDT- 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. This was also a news candle, so even if I did have a valid signal I still would not have entered.

Trade Result: +0 pips; R-Multiple: 0

News events to watch for tomorrow :

For a list of all of tomorrow’s news events, check out our Forex Calendar

Questions? Read the Cowabunga FAQ.
Want to discuss the Cowabunga System? Visit our Forums.
Like what you've read?
Join over 40,000 other traders who get our newsletter. Tutorials, EAs, chart setups, free forex trading systems, and more!

10 comments

  1. foodaba

    I’m new to the system but there was one more trade at 1:46pm

    edt…. in at 2.0673…stop at 2.0643…. I closed out at

    2.0703 for 30 pips… reason for closing…happy with 30 pips

    same as stop….didn’t look like enough action to make to 0750

    Reply
  2. Pipslinger

    I got in on that trade as well, except at 2:00 EDT. I was not sure if it was a valid signal since the MACD went from zero to positive from the 1:30 bar to the 1:45 bar. What do you think, Pip Surfer?

    Reply
  3. foodaba

    I’m new to the system but there was one more trade at 1:46pm

    edt…. in at 2.0673…stop at 2.0643…. I closed out at

    2.0703 for 30 pips… reason for closing…happy with 30 pips

    same as stop….didn’t look like enough action to make to 0750

    Reply
  4. Pipslinger

    I got in on that trade as well, except at 2:00 EDT. I was not sure if it was a valid signal since the MACD went from zero to positive from the 1:30 bar to the 1:45 bar. What do you think, Pip Surfer?

    Reply
  5. Pip SurferPipSurfer

    According to my rules, I do not enter any trades after 12pm EDT. I’m glad you were able to grab some pips though :) Happy trading!

    PS

    Reply
  6. Pip SurferPipSurfer

    According to my rules, I do not enter any trades after 12pm EDT. I’m glad you were able to grab some pips though :) Happy trading!

    PS

    Reply
  7. craigfx

    All 3 trades where good to go according to my MACD’s resulting in 2 loss 1 win. Funny how differnt brokers yeld different results, it would be nice if there was a universal standard.

    Reply
  8. craigfx

    All 3 trades where good to go according to my MACD’s resulting in 2 loss 1 win. Funny how differnt brokers yeld different results, it would be nice if there was a universal standard.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>