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.

Cowabunga System FAQ

Del.icio.us Bookmark

Technorati Favorite

Latest Posts

March 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	29	30	31

Cowabunga System Daily Update: 03/07/07

Posted 15:07 07 March 2007 | 3

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

Main Trend

Current Trend= Trend remained down the entire day.

Today I only looked for short trades.

Today's Surf

8:15 pm ET - There was a moving average crossover for a short trade. RSI<50, Stochastics were trending down, and MACD was positive and losing value. This was a valid entry. However because the signal occurred before midnight (eastern time), I did not enter.

3:45 am ET, 6:15 am ET, 8:00 am ET- There were moving average crossovers for short trades at these times but because MACD was already negative it cancelled out the signal. No entries!

Trade Result: +0 pips

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.

Cowabunga System Daily Update: 02/15/07 13:48 15 February 2007
Cowabunga System Daily Update: 06/06/07 13:49 06 June 2007
Cowabunga System Daily Update: Friday, 01/11/08 10:34 12 January 2008
Cowabunga System Daily Update: 07/25/07 13:51 25 July 2007
Cowabunga System Daily Update: Thursday, 05/08/08 12:50 08 May 2008

« Previous Entry Next Entry »

Thank you Man for you supper web site you are running I try to read all information you are posting. Your system is nice and simple. I use it with combination with other indictors. Whish you good lack

alexybull | Posted 20:50 07 March 2007

Big Pippin, you've stated you've changed your rules to tradng only after 12:00am but up to how late into the morning/afternoon do you consider it to be ok to enter a trade?

Jamdownpipette | Posted 22:46 07 March 2007

alexybull- Thanks for your support. Happy trading friend!

Jamdownpippette- Good question. I usually will take a trade unless it's really late (anything after 2pm ET). Even trades around 11am can be risky but I still take those. It's really up to you which times you want to trade. The optimal times to trade would be from 12am ET to about 10am ET. If you have a signal in between those times you'll most likely still have some volatility to carry you to your target.

bigpippin | Posted 16:32 09 March 2007

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.