Cowabunga System Daily Update: Wednesday 12/17/08

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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 Claimant Count Change, MPC Minutes
  • 6:00am EDT- UK CBI Realized Sales
  • 8:30am EDT- US Current Account

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 Retail Sales
  • 8:30am EDT- US Unemployment Claims
  • 10:00am EDT- US Philly Fed Index

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.
  • patmcc88

    Cheers for the replies, i have another quick question.

    When you talk about setting your stop loss and profit limit, are these just mental areas you look for or are they immediately traded when reached? At the moment i’m setting limits but i’m not quick enough to cancel the limit to ride the momentum so the price continues without me. Do you ever miss out on clean breaks because of this? Any suggestions, i guess i just need to sit, watch and get a feel for the price action. Cheese mate

  • zoreli

    Hi

    I start to experiment on my demo account with your system. Results are impresive so far: 10 trades, 9 positive, 1 lost.

    I use the system with almost all major currency pairs. Because I use different charting software, my MACD histogram look different than yours, but still the results are great so far.

    On thing is sure: This system works. Now, I am planning to do extensive testing and practicing on my demo account, and I will post the results here. Just wanted to share my first impressions.

    Thanks for sharing your knowledge.

    Regards, Zoreli

  • patmcc88

    Cheers for the replies, i have another quick question.

    When you talk about setting your stop loss and profit limit, are these just mental areas you look for or are they immediately traded when reached? At the moment i’m setting limits but i’m not quick enough to cancel the limit to ride the momentum so the price continues without me. Do you ever miss out on clean breaks because of this? Any suggestions, i guess i just need to sit, watch and get a feel for the price action. Cheese mate

  • zoreli

    Hi

    I start to experiment on my demo account with your system. Results are impresive so far: 10 trades, 9 positive, 1 lost.

    I use the system with almost all major currency pairs. Because I use different charting software, my MACD histogram look different than yours, but still the results are great so far.

    On thing is sure: This system works. Now, I am planning to do extensive testing and practicing on my demo account, and I will post the results here. Just wanted to share my first impressions.

    Thanks for sharing your knowledge.

    Regards, Zoreli

  • lissyking

    Today was a no surfing day for me too. I had my surf board and was in the water waiting for a wave to occur but nothing happens. Oh well, let`s see what tomorrow will gives us.
    Surf away dudes

  • LittleHeadThinker

    zoreli, If you are using Metatrader, try OsMA (12,26,9) instead of MACD, it fits Pip Surfer’s MACD quite nicely. I also use custom indicator Cowabunga- Any Pair.mq4 on another chart by itself to reinforce my decision on trade openings.

  • lissyking

    Today was a no surfing day for me too. I had my surf board and was in the water waiting for a wave to occur but nothing happens. Oh well, let`s see what tomorrow will gives us.
    Surf away dudes

  • LittleHeadThinker

    zoreli, If you are using Metatrader, try OsMA (12,26,9) instead of MACD, it fits Pip Surfer’s MACD quite nicely. I also use custom indicator Cowabunga- Any Pair.mq4 on another chart by itself to reinforce my decision on trade openings.