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!
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.
Related Posts:
- Cowabunga System Daily Update: Tuesday, 12/16/08 12:59 16 December 2008
- Cowabunga System Daily Update: Wednesday, 06/18/08 11:54 18 June 2008
- Cowabunga System Daily Update: Wednesday, 01/04/09 14:00 14 January 2009
- Cowabunga System Daily Update: Tuesday, 01/13/09 12:39 13 January 2009
- Cowabunga System Update: Thursday, 06/12/08 13:30 12 June 2008
Archived Comments (4)
Forex Blog: Pip My System




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
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
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
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.