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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December 2007

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Cowabunga System Daily Update: Thursday, 12/13/07

Posted 12:07 13 December 2007 | 5

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

Main Trend

Current Trend= The trend remained up until 11am EDT. From 7am - 11am EDT, a new trend change candle formed and changed the trend from up to DOWN. After 11am EDT, the trend remained down the rest of the day.

Today I looked for long trades until 11am EDT. After 11am EDT, I only looked for short trades.

Today's Surf

5:30am EDT- There was a moving average crossover for a long trade. However, RSI was not greater than 50 and MACD was already positive. This cancelled out the signal and I did not enter.

6:00am EDT- There was a moving average crossover for a long trade. However, Stochastics had not crossed up and MACD was already positive. This cancelled out the signal and I did not enter.

Trade Result: +0 pips; R-Multiple: N/A

News events to watch for tomorrow :

8:30am EDT- US CPI
9:15am EDT- US Industrial Production

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: Tuesday, 12/04/07 15:49 04 December 2007
Cowabunga System Daily Update: Monday, 12/03/07 12:34 03 December 2007
Cowabunga System Daily Update: Tuesday, 01/15/08 13:02 15 January 2008
Cowabunga System Daily Update: Tuesday, 11/27/07 14:11 27 November 2007
Cowabunga System Daily Update: Wednesday, 12/12/07 12:25 12 December 2007

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Hi, you appear to have posted today and yesterdays summary quite early in the day. Do you still use 4pm ET as end of trading day for this system or are you just winding down for xmas :)

SteveT | Posted 13:52 13 December 2007

I could be wrong but i don't think pipsurfer trades after 12 noon edt....so the trading window is 12midnite to noon the next day..

foodaba | Posted 17:45 13 December 2007

This is yesterdays 15 min chart Dude, can you update with the correct one

tonymand | Posted 17:50 13 December 2007

Hi steve- Foodaba is right. I only look for trades until 12pm EDT. If I am in a trade before then but my target isn't hit, I'll hold it until 4pm EDT before closing.

Tony- Thanks for pointing that out. I fixed it now.

Happy trading everyone!

PipSurfer | Posted 08:30 14 December 2007

Thanks to Foodaba & PipSurfer for the response.

SteveT | Posted 10:43 14 December 2007

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