About Pip My System

Dude! So you've read just about everything you could possibly get your hands on about the Forex. Now you want to get your feet wet but aren't sure where to start. Well then this blog is for you! Follow along as I take a simple forex trading system and apply it to an unsimple market. If you're new to the blog you should read this first.

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Cowabunga System Daily Update: Tuesday, 10/27/09

Posted 14:36 27 October 2009 | 5

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 :

7:00am EST- U.K. CBI Distributive Trades
9:00am EST- US S&P/CaseShiller Composite-20
10:00am EST- US Consumer Confidence

Today's Surf

7:45am EST- There was a moving average crossover for a short trade. Stochastics were trending down, but RSI was above 50 and MACD was already negative. This cancelled out the signal and I did not enter.

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

News events to watch for tomorrow:

8:30am EST- US Durable Goods Orders m/m
10:00am EST- US New Home Sales

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.

Cowabunga System Daily Update: Tuesday, 09/29/09 12:14 29 September 2009
Cowabunga System Daily Update: Tuesday, 05/26/09 13:50 26 May 2009
Cowabunga System Daily Update: Wednesday, 09/16/09 15:03 16 September 2009
Cowabunga System Daily Update: Wednesday, 06/03/09 13:18 03 June 2009
Cowabunga System Daily Update: Tuesday, 09/22/09 12:55 22 September 2009

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great vid :) keep up the good work! love your system and enjoy every update -scott

ScottyPippen | Posted 03:18 28 October 2009

Hi Pipsurfer, fairly new to Babypips and trading in general. Just thought I would let you know that I love the simplicity of your system and the thorough-ness of your thread. I will be trying out your system on my account in the near future. Keep up the good work. Harmudge

harmudge | Posted 05:54 28 October 2009

In your video you said the indicators did not line up for the down trend. The RSI was above 50 which doesn't line up but STOCH both lines were pointing down and the MACD was in negative territory. Would you have placed the trade if the RSI was below 50 then all indicators would have matched up.

mpearson | Posted 08:41 29 October 2009

I think you might be interested to check out the Cowabunga Expert Advisor based from your system: http://thetrademachine.com/blog/2009/10/29/cowabunga-expert-advisor/

timlong | Posted 13:13 30 October 2009

Hello, Pipsurfer. Thanks for the blog. I'm gonna try this system soon.

iloveforex | Posted 16:02 01 November 2009

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