I messed up today in that I was only looking for SHORT trades. I use Oanda, and my charts only offer 3 hour increments instead of 4. I showed a crossover candle in the 6:00 to 9:00 (EST) candle so I took a short trade and lost 30 pips. Any suggestions on how to make sure I'm getting the trend right since I can't match up my charts with yours?

use metatrader4 demo from somewhere and do all your chart work there. Just place your trades with Oanda after you've identified a possible trade. That's what I do. Not with Cowabunga...but I do it with my trading plan.

I present myself, this is Mauro from Italy. Thanks you all for this beautiful site! Just one question (for now *^_^*): I am studying your interesting Cowabunga system and understood the EMA (5 + 10) , Stochastics and RSI signals...but not sure I understood the MACD interpretation well. May I ask you to help me out in this matter? Grazie, ciao! Mauro

Hey! What's up dudes?! This is Luck from Brazil! I'm starting to use the Cowabunga system to demo trade. Wanna go live in 2-3 months and I've been practicing for 6 months or so. I've got three questions for you: i) Entry signals can be generated 24 hours, 5 days a week. How can you follow/ trade all these signals 24 hours a day? Including when you're sleeping? ii) About money management and stop loss. I saw that in some of your trades you place your stop loss a lot further from your entry price than you place your profit target. I think i've already seen something like the following. You enter at 1.2270, you set your stop loss at 1.2200 and target at 1.2300. That's a 70 pips loss potential and against a 30 pips win potential, i.e. almost 2 to 1 risk reward just to get 00 or 50 prices. The track record of the Cowabunga system shows us that it generates 50%-60% win trades along the year (correct me if i'm wrong). Aren't you going broke if you use a 2 to 1 or even 1 to 1 risk reward on a 1 to 1 win lose trading system? iii) About the MACD. Dude, that MACD rule discards a lot of good opportunities! Have you ever thought about smoothing it (can i say that?) a little bit? Like you can go long as long as the MACD is negative and gaining power OR it's positive but MACD -0.001. What do you think about that? Well, I think your site really rocks man! It really helped me a bunch and still does! Congratulations!!!

Hey LuckBR, You may like to read the author's FAQ (http://www.babypips.com/blogs/pip-my-system/cowabunga_system_faq.html) He mentioned that he sets alerts from his charting software which will inform him once the crossovers take place. He isn't glued to the monitor screen 24/7, but he does however run to the monitor screen once an alert takes place. Regarding his risk-reward ratios, it depends on case-to-case basis which is also mentioned. I'm benefiting from this blog too! Let's learn along the way!

Hello there Cowa! I need your help. My question is about the charts, in Oanda, the charts are different than Cowa's, there is an EMA (5 ema?), an SMA (10 ema?) it does not have a 240 mnts. setting, the 15 mnts setting does not give you 15 mnts intervals, how do I adapt this chart to Cowa's? the chart and indicators change completely if you apply different time-frames, if you use some other charts, then you need either a big computer screen or more than 1 computer, I have a lap-top. I need to know if there are equivalent settings with this chart, thanks!