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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Cowabunga System Daily Update: Tuesday, 03/04/08

Posted 13:54 04 March 2008 | 4

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

Main Trend

Current Trend= The trend remained down until 3am EDT. From 11pm EDT - 3am EDT, a new trend change candle formed and changed the trend from down to UP. After 3am EDT, the trend remained up the rest of the day.

Today I only looked for short trades until 3am EDT. After 3am EDT, I only looked for long trades.

News events to watch for today :

9:00am EDT- Fed Chairman Ben Bernanke Speaks

Today's Surf

8:30am EDT- There was a moving average crossover for a long trade. RSI was greater than 50, MACD was negative and gaining value, but stochastics were trending down. 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 Services PMI
8:15am EDT- ADP Non Farm Employment Change
8:30am EDT- US Nonfarm productivity
10:00am EDT- US ISM Non-Manufacturing Composite
2:00pm EDT- US Beige Book

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.

Cowabunga System Daily Update: Tuesday, 01/15/08 13:02 15 January 2008
Cowabunga System Daily Update: Wednesday, 04/23/08 11:44 23 April 2008
Cowabunga System Daily Update: Thursday, 05/01/08 14:54 01 May 2008
Cowabunga System Daily Update: Wednesday, 03/05/08 13:33 05 March 2008
Cowabunga System Daily Update: Tuesday, 04/15/08 12:04 15 April 2008

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Hi Pip Surfer, I think you have posted the wrong chart for the trades chart (shows trades from a previous day). Thanks for all your hard work!

gailellis | Posted 14:45 04 March 2008

Was there not a trade at 6est? Not on yesterdays chart which i think Pipsurfer posted accidently.

jsd1004 | Posted 15:19 04 March 2008

It's Here: http://www.babypips.com/blogs/pip-my-system/images/030408/Entry.gif

Madhatter | Posted 17:39 04 March 2008

jsd- yea you're right. I remember I missed that one because I wasn't at my computer and forgot to post it. Sorry about that! Eyeballing it, it looks like if you did take it, you would've exited right before Bernanke spoke at 9, which would've resulted in a slight gain of about 6 pips or so. I apologize for missing that one. Thanks for pointing it out!

PipSurfer | Posted 12:51 05 March 2008

Oh snap! You need to be signed in to post comments! If you're already a BabyPips.com member, please sign in. If you aren't part of our ridiculously cool club, please register. It's free! And cool.