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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March 2007

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Cowabunga System Daily Update: 03/20/07

Posted 16:46 20 March 2007 | 2

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

Main Trend

Current Trend= The trend remained up the entire day.

Today I only looked for long trades.

Today's Surf

1:00 am ET - 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 which was at 9454 with a stop at the most recent swing low which was 9432. Since I was 46 pips away from the nearest 00 level I decided to set my target for 9500.

5:15 am ET- Unfortunately before that big Cable rally, I was stopped out!

Trade Result: -22 pips; R-Multiple=-1.00

It was a bummer missing that huge wave but I know the pips will come to me if I just stick to my rules.

Questions? Read the Cowabunga FAQ.

Want to discuss the Cowabunga System? Visit our Forums.

Cowabunga System Daily Update: 03/22/07 15:28 22 March 2007
Cowabunga System Daily Update: 03/19/07 15:25 19 March 2007
Cowabunga System Daily Update: 04/05/07 14:01 05 April 2007
Cowabunga System Daily Update: Friday 05/25/07 14:56 29 May 2007
Cowabunga System Daily Update: 04/04/07 17:16 04 April 2007

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Don't be bummed about being stopped out. I moved my SL before heading to bed last night to lock in 'part' of my profits and well, it triggered my SL and then UP, UP, ans AWAY. The funny part of the whole thing; I woke up by myself about 10 minutes AFTER it had happened and had this burning desire to go check the computer. I was trying for a PT of 1.9501 which would have been exactly 50 pips for me. I am super bummed as looking at the chart now; it has a nice almost 200 pips rally.

nickelnm | Posted 21:14 20 March 2007

Agh! I spotted this one using the system too and got stopped out in the same place... bummer!

NajafAli | Posted 01:35 21 March 2007

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