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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August 2008

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Cowabunga System Daily Update- Wednesday, 08/27/08

Posted 15:49 27 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 :

8:30am EST- US Durable Goods

Today's Surf

1:45, 8:45 am EST- There was a moving average crossover for a short trade, RSI was less than 50, stochastics were trending down, but MACD was already negative. This cancelled out the signal and I did not enter.

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

News events to watch for tomorrow :

2:00am EST- UK Nationwide HPI

8:30am EST- US Preliminary GDP

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.

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The past 2 weeks has been pretty calm for the cowabunga system. Wonder when a Summer hurricane will bring in some waves.

-Conan- | Posted 21:47 27 August 2008

Thank You Pipsurfer for answering my question from yesterday. I have one more question: when looking at the four-hour chart, does the RSI and the stochastics need to be trending in the same direction, to confirm the trend?

stcary | Posted 04:49 28 August 2008

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