Start your own blog and share your trades at MeetPips.com

If you haven't done so already , go check out BabyPips' newest creation, FreshPips.com !

Freshpips.com delivers to your e-door step the most relevant Forex news and research on the Web. The stories you see on FreshPips are submitted by site members – you and your fellow Forex traders. You then decide what's “fresh” and what, well, sucks. Top honors – submissions placed on the main page – are given to the stories deemed fresh by the FreshPips.com community as a whole.

Check it out, register, and start submitting cool Forex stories today!

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

Sorry for the lack of updates lately. I'm in the process of building a house so it's been a pretty hectic month or so for me! Thanks for your patience and I hope your trading is going well!

Main Trend

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

News events to watch for today :

• 5:30am EST- UK CPI y/y


• 5:45am EST- UK Inflation Report Hearings


• 10:00am EST- Fed Chairman Bernanke Testifies

Today's Surf

4:45am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle at 1.4673 with a stop at the most recent low at 1.4620. Since I was 27 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4700.

Entry: Long at 1.4673

Stop: 1.4620

Target: 1.4700

5:00am EST- My target was hit. Price didn't make a clean break so I took my final profit. I exited at 1.4698.

7:00am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD was negative and gaining value. This was a valid entry. The entry was at the close of the candle at 1.4708 with a stop at the most recent low at 1.4641. Since I was 42 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4750.

Entry: Long at 1.4708

Stop: 1.4641

Target: 1.4750

8:15am EST- My target was hit. Price didn't make a clean break so I took my final profit. I exited at 1.4745.

11:30am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.4728 with a stop at the most recent low at 1.4659. Since I was 22 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4750.

Entry: Long at 1.4728

Stop: 1.4659

Target: 1.4750

5:00am EST- My target was hit. Price didn't make a clean break so I took my final profit. I exited at 1.4749.

Trade Result: +25 +37 +21= +83 pips (NOT INCLUDING SPREAD) R-Multiple: 0.47; 0.55; 0.30

News events to watch for tomorrow :

• 7:00am EST- UK CBI Realized Sales


• 8:30am EST- US Core Durable Goods Orders m/m


• 10:00am EST- US New Home Sales

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.