Cowabunga System Daily Update: Tuesday, 09/29/09

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

Main Trend

Current Trend

The trend stayed down the entire day.

Today I only looked for short trades.

News events to watch for today :

  • 4:30am EST- UK Gross Domestic Product
  • 6:00am EST- UK U.K. CBI Distributive Trades
  • 10:00am EST- US Consumer Confidence

Today’s Surf

2:15am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down but MACD was already negative. This cancelled out the signal and I did not enter.

9:45am EST- There was a valid signal here but because it was close to a news report, I didn’t enter.

entry2

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

News events to watch for tomorrow:

  • 8:15am EST- US ADP Non-Farm Employment Change
  • 8:30am EST- US Gross Domestic Product Price Index
  • 9:45am EST- US Chicago Purchasing Manager

For a complete list of news events check out our Forex Economic Calendar.
Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forex Forums.

  • Tayo

    Thanks so much for your invaluable insights and thoughts. I am very grateful.

    Kindly help me on how to set up alarm and/or alert on my trading platform for MA crossovers. I practice on Alpari MetaTrader. Can this alert be transmitted to me on my mobile phone as a text or whatever and/or as SMS – Email.

    Thanks a lot.

    Tayo.

  • Tayo

    Thanks so much for your invaluable insights and thoughts. I am very grateful.

    Kindly help me on how to set up alarm and/or alert on my trading platform for MA crossovers. I practice on Alpari MetaTrader. Can this alert be transmitted to me on my mobile phone as a text or whatever and/or as SMS – Email.

    Thanks a lot.

    Tayo.

  • rfmerry

    I can only access USDCHF on the free version of XTick. How do I access GBPUSD using the same free version?

  • rfmerry

    I can only access USDCHF on the free version of XTick. How do I access GBPUSD using the same free version?

  • Cypippy

    GBP/USD isn’t available in the free version of XTick. Unfortunatetly there are only some of the more exotic currencies available to chart in the demo. And XTick is way to $$ for a newbie to be using for charting. Although the feature set it has is great, you’ll be better off trying some of the free charting software you can get from the various brokers to start with.

  • Cypippy

    GBP/USD isn’t available in the free version of XTick. Unfortunatetly there are only some of the more exotic currencies available to chart in the demo. And XTick is way to $$ for a newbie to be using for charting. Although the feature set it has is great, you’ll be better off trying some of the free charting software you can get from the various brokers to start with.

  • paulphaneuf

    I’m looking for a strong alerting system that I can set up to follow Cowabanga. Ideally, I’d like to have not only EMA cross-over signals, but the other flags as well.

    Can anyone recommend an alerting service that can be customized to this level of detail?

  • paulphaneuf

    I’m looking for a strong alerting system that I can set up to follow Cowabanga. Ideally, I’d like to have not only EMA cross-over signals, but the other flags as well.

    Can anyone recommend an alerting service that can be customized to this level of detail?

  • alexpips

    hi i’ve being researching your posts on you tube and your sys seems perty simple but pruductive, what broker ao chart sys do you use? am also kind of new so am searching for a good platform.
    thanx in advance.

  • alexpips

    hi i’ve being researching your posts on you tube and your sys seems perty simple but pruductive, what broker ao chart sys do you use? am also kind of new so am searching for a good platform.
    thanx in advance.

  • PipinDownunder

    Hey Cowabunga your trading is awesome Dude – being an Aussie surfer I can relate. Keep up the good work with your video posts which makes your system easy to follow, simple and it works. I don’t know exactly what platform you are using but for the benefit of the others, I find Dealbook 360 (Free Demo available at gft.com) really easy to use and setup with alarms. E.G. I set the alarm to beep once when the EMA’s cross and also the RSI hits 50 (make the high base line 50 so it has a reference point).

  • PipinDownunder

    Hey Cowabunga your trading is awesome Dude – being an Aussie surfer I can relate. Keep up the good work with your video posts which makes your system easy to follow, simple and it works. I don’t know exactly what platform you are using but for the benefit of the others, I find Dealbook 360 (Free Demo available at gft.com) really easy to use and setup with alarms. E.G. I set the alarm to beep once when the EMA’s cross and also the RSI hits 50 (make the high base line 50 so it has a reference point).

  • PipSurfer

    Hey everyone! I’m sorry for the lack of posts as of late. I’m out of the country and haven’t been able to get on the net for a while. I’ll be back around the 19th of October and will resume the video updates. While I’m abroad, I’ll try to post an intermittent update, but unfortunately can’t do video until I get back to the states.

    Thanks to those who are helping me with the comments! You guys rock!

  • PipSurfer

    Hey everyone! I’m sorry for the lack of posts as of late. I’m out of the country and haven’t been able to get on the net for a while. I’ll be back around the 19th of October and will resume the video updates. While I’m abroad, I’ll try to post an intermittent update, but unfortunately can’t do video until I get back to the states.

    Thanks to those who are helping me with the comments! You guys rock!