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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November 2007

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

Posted 14:11 27 November 2007 | 5

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 :

8:30am EDT- US Durable Goods Orders
10:00am EDT- US Existing Home Sales

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.

Cowabunga System Daily Update: Monday, 02/25/08 13:05 25 February 2008
Cowabunga System Daily Update: Friday, 03/14/08 12:29 17 March 2008
Cowabunga System Daily Update: Thursday, 12/13/07 12:07 13 December 2007
Cowabunga System Daily Update: Thursday, 05/08/08 12:50 08 May 2008
Cowabunga System Daily Update: Wednesday, 04/23/08 11:44 23 April 2008

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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

foodaba | Posted 15:33 27 November 2007

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?

Pipslinger | Posted 15:45 27 November 2007

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

PipSurfer | Posted 14:39 28 November 2007

So trading window (to enter trades),, is 12 midnite to 12 noon edt???

foodaba | Posted 06:53 29 November 2007

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.

craigfx | Posted 11:14 03 December 2007

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