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, 08/26/08

Posted 15:26 26 August 2008 | 2

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

Main Trend

Current Trend= The trend remained down the entire day.

Today I only looked for short trades

News events to watch for today :

10:00am EST- US Consumer Confidence, US New Home Sales

2:00pm EST- FOMC Minutes

Today's Surf

4:00am EST- There was a moving average crossover for a short trade, RSI was less than 50, MACD went from positive to negative, but stochastics was trending up which cancelled out the signal. Also, although it wasn't news for the GBP or USD, the German Business Climax Index showed a contracting economy for the first time in a very long time which had a ripple effect across the board. Because of this I would not have traded it even if it was a valid signal because I would've considered a news candle.

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

News events to watch for tomorrow :

8:30am EST- US Durable Goods

For a complete list of news events check out our News Section

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.

Cowabunga System Daily Update- Wednesday, 08/27/08 15:49 27 August 2008
Cowabunga System Daily Update: Tuesday, 10/07/08 13:03 07 October 2008
Cowabunga System Daily Update: Thursday, 09/18/08 13:56 18 September 2008
Cowabunga System Daily Update: Tuesday, 10/14/08 13:26 14 October 2008
Cowabunga System Daily Update: Tuesday, 01/06/09 14:26 06 January 2009

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Hi Pipsurfer Welcome back! I have a question; Why when entry patterns have formed, you wait for that candle to close, before you enter. I have noticed that sometimes a lot of pips can be lost while waiting for the next candle. stcary

stcary | Posted 05:25 27 August 2008

Your vacation was very well timing (right after your honneymoon)You have any idea how much you would lost if you trade the signals those days????

titodalla@hotmail.com | Posted 11:29 27 August 2008

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