About Pip My System

Pip My System Author

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.

Cowabunga System FAQ

Latest Posts

February 2007

S M T W T F S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28

Archives

Cowabunga System Daily Update: 02/27/07

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

Main Trend

Current Trend= Trend stayed up the entire day.

Today I only looked for long trades.

Today's Surf

3:15 am ET- There was a moving average crossover for a long trade. RSI>50, Stochastics were trending up, and MACD was negative and gaining value. This was a valid entry. Entry was at the close of the candle which was at 9651 and my stop was at the most recent swing low which was at 9591. I decided to go for the nearest 00 level which was at 9700 since I was a good amount of pips away from it.

4:00 pm ET- Since my target or stop was not hit by this time I closed out my trades because it is part of my rules. I ended up getting out at 9611.

Trade Result: -40 pips; R-Multiple= -1

Questions? Read the Cowabunga FAQ.
Want to discuss the Cowabunga System? Visit our Forums.

  • Currently 0/5
  • 1
  • 2
  • 3
  • 4
  • 5
Rating: 0/5 (0 votes cast)

blog comments powered by Disqus

Archived Comments (3)

Rode that one all the way to a rocky shore, dude...Very honorable that you played by the rules. I couldn't resist the big chopsticks candles in the trough of the wave at 3:00 am and rode it up for a quick 20. Sorry I cheated...I'll play by the rulz next time ;-)

Should you have entered on the 15min 8.15 candle as the 4hour candle 4-8 was RSI Terry

Hey, my friend,

It is interesting how a simples (it is so easy) system if followed with discipline comes wiht very good results. I was looking for trackback from january and february (where the market is not friendly) and 600 pips are very good.
COngratulations for your work,it shows the system is not the most important part of the trading.

Wodwave

"All I ask is the chance to prove that money can't make me happy."
Spike Milligan
Clicky Web Analytics