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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February 2008

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Cowabunga System Daily Update: Monday, 02/25/08

Posted 13:05 25 February 2008 | 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

1:15am 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.

1:45am EDT- There was a moving average crossover for a long trade. RSI was greater than 50, but stochastics had crossed down and MACD was already positive. This cancelled out the signal and I did not enter.

4:30am 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.

7:30am 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.

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

News events to watch for tomorrow :

4:30am EDT- GBP Business Investment
6:00am EDT- GBP CBI Distributive Trades
8:30am EDT- US PPI
10:00am EDT- US Consumer Confidence

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.

Cowabunga System Daily Update: Friday, 03/14/08 12:29 17 March 2008
Cowabunga System Daily Update: Tuesday, 11/27/07 14:11 27 November 2007
Cowabunga System Daily Update: Thursday, 05/08/08 12:50 08 May 2008
Cowabunga System Daily Update: Thursday, 12/13/07 12:07 13 December 2007
Special Thanksgiving Cowabunga System Update 13:25 21 November 2007

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Hello PS, welcome back. This has nothing to do with the cowabunga system, but maybe you'll know it anyway. Today at 2.15 AM ET (no news at that hour), there was a very quick fall in price (seems as it was one big trade actually. It wasn't really a volatile market hour, which you can see if you turn on "volumes" in MT4). Was that some kind of central bank deal or what was it?

gryat | Posted 14:17 25 February 2008

Cause i've never seen anythin like that

gryat | Posted 14:17 25 February 2008

I noticed a few people have asked but it hasn't been anwered yet about MACD and I'm having the same problem as others. My settings for MACD are the same as yours but I can't get mine to look like yours. I'm using MT4. Can you comment on that? Thx u.

racerx | Posted 05:36 26 February 2008

Of course it has been answered. Many times

gryat | Posted 06:28 26 February 2008

gyrat- Good question. Every move cannot be explained. There are so many factors that go on into the movements of the Forex that it would be impossible to pinpoint. However, central banks are known to make sudden moves and if you do see big movements at weird times, you can almost bet that it is a big bank move. Hope that helps :)

PipSurfer | Posted 12:48 26 February 2008

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