Cowabunga System Daily Update: Tuesday, 12/16/08

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Main Trend

Current Trend= The trend remained up the entire day

Today I only looked for long trades.

News events to watch for today :
  • 4:30am EDT- UK CPI
  • 8:30am EDT- US CPI, Building Permits

Today’s Surf

There were no trades today!

entry2

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

News events to watch for tomorrow :
  • 4:30am EDT- UK Claimant Count Change, MPC Minutes
  • 6:00am EDT- UK CBI Realized Sales
  • 8:30am EDT- US Current Account

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.

10 comments

  1. patmcc88

    Pip surfer, i was tempted to enter that trade today but rules are rules! never mind would’ve earned a few pips. I was just wondering why there was no entry at 11:30am? We had EMA 5 cross EMA 10, RSI above 50, Stochastics up and MACD negative to less negative.. am i missing something?

    Thanks dude, you’re awesome!

    Reply
  2. lissyking

    Hey dude
    First of all where are the videos? I noticed you haven’t upload any videos recently!

    I agree with patmcc88. From what I remember you do not enter trade after 12pm, same for me! But suppose you get a signal before 12pm? That was the case today at 11:30am. You didn’t enter but I did since it was before 12pm. I got 100pips from this trade. Momentum was very strong!

    Surf away dude!

    Reply
  3. patmcc88

    Pip surfer, i was tempted to enter that trade today but rules are rules! never mind would’ve earned a few pips. I was just wondering why there was no entry at 11:30am? We had EMA 5 cross EMA 10, RSI above 50, Stochastics up and MACD negative to less negative.. am i missing something?

    Thanks dude, you’re awesome!

    Reply
  4. lissyking

    Hey dude
    First of all where are the videos? I noticed you haven’t upload any videos recently!

    I agree with patmcc88. From what I remember you do not enter trade after 12pm, same for me! But suppose you get a signal before 12pm? That was the case today at 11:30am. You didn’t enter but I did since it was before 12pm. I got 100pips from this trade. Momentum was very strong!

    Surf away dude!

    Reply
  5. eugenet

    Hi Pipsurfer! Thank you for sharing your system, I’ve been trying it over the past week on a demo account from forex.com and it works well! So far 1 out of 7 trades are losses.

    What forex software are you using though? Mine doesn’t even provide handphone alerts and trend change candles, its very basic I think.

    Thanx :D

    Reply
  6. patmcc88

    Hi pip surfer, Patmcc88 again.

    i was just wondering how important the strictness of the MACD rule is. In your expert opinion would taking the trade even though MACD was already positive be a complete no no, or is there room for adjustment. You’ve got a longer track record than me so you’d know better but we seem to be missing out on a few big trades. I can’t seem to back test to check historically the importance of MACD. Thanks again for any advice. Peace

    Reply
  7. Pip SurferPipSurfer

    Hi Everyone,

    Thanks for your comments! It’s true, I haven’t uploaded videos in a while and it’s because things have been kind of hectic with the holidays coming up. I’ll definitely post videos again when time allows.

    Pat and Lissyking- I actually stopped trading early because (again) of the hectic schedule going on in the PipSurfer household. It was a valid signal and I’m glad you caught it! The only comment I have is that FOMC rate was announced which means you might’ve considered exiting before or at least tightening your stop. Other than that, great find!

    Eugenenet- I use Xtick for my charting because it makes pretty pictures :) It also allows alert setups.

    Pat- MACD is vital. Its true, the past couple of days we’ve missed out because of MACD not lining up, but remember…this is just a couple of trades, compared to the kabillion trades that lose when MACD doesn’t line up :) Just stick to the rules and don’t be too bummed out when you miss one. Easier said than done right??? haha

    Happy trading everyone!

    Reply
  8. eugenet

    Hi Pipsurfer! Thank you for sharing your system, I’ve been trying it over the past week on a demo account from forex.com and it works well! So far 1 out of 7 trades are losses.

    What forex software are you using though? Mine doesn’t even provide handphone alerts and trend change candles, its very basic I think.

    Thanx :D

    Reply
  9. patmcc88

    Hi pip surfer, Patmcc88 again.

    i was just wondering how important the strictness of the MACD rule is. In your expert opinion would taking the trade even though MACD was already positive be a complete no no, or is there room for adjustment. You’ve got a longer track record than me so you’d know better but we seem to be missing out on a few big trades. I can’t seem to back test to check historically the importance of MACD. Thanks again for any advice. Peace

    Reply
  10. Pip SurferPipSurfer

    Hi Everyone,

    Thanks for your comments! It’s true, I haven’t uploaded videos in a while and it’s because things have been kind of hectic with the holidays coming up. I’ll definitely post videos again when time allows.

    Pat and Lissyking- I actually stopped trading early because (again) of the hectic schedule going on in the PipSurfer household. It was a valid signal and I’m glad you caught it! The only comment I have is that FOMC rate was announced which means you might’ve considered exiting before or at least tightening your stop. Other than that, great find!

    Eugenenet- I use Xtick for my charting because it makes pretty pictures :) It also allows alert setups.

    Pat- MACD is vital. Its true, the past couple of days we’ve missed out because of MACD not lining up, but remember…this is just a couple of trades, compared to the kabillion trades that lose when MACD doesn’t line up :) Just stick to the rules and don’t be too bummed out when you miss one. Easier said than done right??? haha

    Happy trading everyone!

    Reply

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