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Main Trend
Current Trend
The trend stayed down until 4am EST. From 12am - 4am EST a new trend change candle formed and changed the trend from down to UP. After 4am EST, the trend remained up the rest of the day.
Today I only looked for short trades until 4am EST. After 4am EST, I only looked for long trades.
News events to watch for today :
- 4:30am EST- DCLG UK House Prices
Today's Surf
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 1.6141 with a stop at the most recent low at 1.6077. Since I was only 9 pips away from the nearest 50 or 00 level (1.6150) I decided to go for the same amount of pips I was risking on the trade, which in this case was 64. This put my initial target at 1.6205.
Entry: Long at 1.6141 Stop: 1.6077 Target: 1.6205
8:45am EST- My target was hit. Price made a clean break so I moved my stop to 1.6205 and set my next target for 1.6250.
9:00am EST- Unfortunately I got stopped out at my initial target at 1.6250.
Trade Result: +64 pips (NOT INCLUDING SPREAD) R-Multiple: 1.00
News events to watch for tomorrow:
- 4:30am EST- UK Manufacturing Production m/m
- 8:30am EST- US Trade Balance
- 2:00pm EST- US Beige Book
For a complete list of news events check out our Forex Economic Calendar.
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Archived Comments (2)




Loving this so much. I finished the Baby Pips school a short time ago, and loved your systems simplicity, and have been practicing it for the past 2 weeks. After my first 2 weeks of practice trading I'm up 50 pips which i find amazing and am looking forward to keep practicing until i go live.
The one question that is constantly on my mind is that why do we not as traders us either a IRC channel (live text chat) or a ventrillo (live voice chat) to share ideas with each other real time for maximizing profits?
Love the system PipSurfer, been following it for a while. I did a little back testing and found your might be able to get a little more profit from trailing your stops based on the MAs. I not sure if you would want to try to incorporate it, but by leaving even half of a profitable trade open that stays above the MAs you could earn yourself a extra amount pips by my calculation.
Let me know what you think,
Styex