Cowabunga System Daily Update: Friday, 02/29/08
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.
News events to watch for today :
- 2:00am EDT- GBP Nationwide House Prices
- 4:30am EDT- GBP Net Lending to Individuals
- 8:30am EDT- US Core PCE Price Index, Personal Spending
- 9:45am EDT- US Chicago PMI
- 10:00am EDT- US Consumer Sentiment
Today's Surf
2:15am 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.
Trade Result: +0 pips; R-Multiple: N/A
News events to watch for Monday :
- 4:30am EDT- GBP Manufacturing PMI
- 10:00am EDT- US ISM Manufacturing Index

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 system and apply it to an unsimple market. If you're new to the blog you should 


flmarc- pippinL does have a point. However, I always encourage traders to experiment with things. Not everyone trades exactly the same. This is why you can have 50 people trade the same system, and still have 50 different outcomes. I'm glad you are studying different things. Test out your theory in live "demo" trading and see if you are still getting the same results. The Cowabunga System as it is has been tested over the long run and provides positive results. This doesn't mean it's perfect, which is why I always tell traders to mess with it. If things don't pan out, then you can always go back to the system as is and try again. I hope that helps and I wish you the best in your trading!