Cowabunga System Daily Update: Tuesday, 01/13/09

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Main Trend

Current Trend= The trend remained down the entire day

Today I only looked for short trades.

News events to watch for today :
  • 4:30am EDT– UK Trade Balance
  • 8:00am EDT– Bernanke Speaks
  • 8:30am EDT– US Trade Balance

Today’s Surf

The Cable’s momentum was so bearish today that there weren’t even any crossovers!

entry2

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

News events to watch for tomorrow :
  • 8:30am EDT– US Retail Sales

For a complete list of news events check out our News Section

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  • hurtzi

    hi pip surfer. first of all, thank you very much for your work! my question: what to do if a second real (following the 4h trend) crossover appears while i am still holding the trade from the first crossover that didn’t hit target yet. did you experience anything significant in these scenarios over the time? e.g. are following crossovers a hint for the target to be hit more likely, so that it could be wise to put another order (on top of the first) – or maybe the opposite…?

  • Hotdog

    Hi Dude,
    Did you trade on 01/12/2009?

  • MaoriPip

    Hi Pip surfer. Pity there were no trades looming for us yesterday (13th), but I was wondering if you were able to pick up any pips via breakouts. Due to market conditions I am using a combination of your method alongside of Nick B’s scalp line method. I have traded successfully with both methods over the past few months (live). Just wondering if you have any alternative methods for GBP/USD? Regardless, I hope today (14th) will open some doors for us.

  • hurtzi

    hi pip surfer. first of all, thank you very much for your work! my question: what to do if a second real (following the 4h trend) crossover appears while i am still holding the trade from the first crossover that didn’t hit target yet. did you experience anything significant in these scenarios over the time? e.g. are following crossovers a hint for the target to be hit more likely, so that it could be wise to put another order (on top of the first) – or maybe the opposite…?

  • Hotdog

    Hi Dude,
    Did you trade on 01/12/2009?

  • MaoriPip

    Hi Pip surfer. Pity there were no trades looming for us yesterday (13th), but I was wondering if you were able to pick up any pips via breakouts. Due to market conditions I am using a combination of your method alongside of Nick B’s scalp line method. I have traded successfully with both methods over the past few months (live). Just wondering if you have any alternative methods for GBP/USD? Regardless, I hope today (14th) will open some doors for us.