Cowabunga System Daily Update: 03/22/07

Posted 15:28 22 March 2007 | 5
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

5:30 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 9702 with a stop at the most recent swing low which was 9662. Since I was 48 pips away from the nearest 50 level I decided to set my target for 9750.

12:30 pm ET - Unfortunately I am stopped out of my trade..

Trade Result: -40 pips; R-Multiple= -1.00

Bummer dudes. March has not been a good month for the Cowabunga system. But a true Forex Wave Rider never hangs his head down and we have to remain confident that our system will have us catching waves again in no time. Party on!

Questions? Read the Cowabunga FAQ.
Want to discuss the Cowabunga System? Visit our Forums.

Comments (5)

Are you trading with real money? This is so basic even newbies should not trade this method! No wonder the performance is at best average.
miguel | Posted 09:16 23 March 2007
Are you trading with real money? This is so basic even newbies should not trade this method! No wonder the performance is at best average.
miguel | Posted 09:17 23 March 2007
Miguel- Yes I trade with real money and an average system is much better than a losing one :) Is this the only system I trade? Fer sure NOT. And I think you are missing the point of this blog. The point is not to give away a free system, but rather to show beginners that even a system as simple as this can still make money in the Forex. It does have its ups and downs but that is why I keep a public track record. And if you think being up +400 pips over 3 months is bad then I, and I'm sure our many traders would love to see YOUR system. I urge you to share it with everyone in our Forums. In this game, numbers talk and so far the Cowabunga System's numbers are speaking loud and clear.
pipsurfer | Posted 16:07 23 March 2007

Ooooh! Pip drama! Gnarly dude!

forexninja | Posted 19:02 23 March 2007
Unfortunatly i don't have a lot of time/need to spend on forums. Off course you and a lot of people would like to see my system, but that's only available if you pass me a seven digit check :) Here are some trades from my second broker (OANDA. Not a great month, just like cowabunga, but that's enough for the moment. http://img162.imageshack.us/my.php?image=miguelah9.jpg PS: I am not trying to bring you down, i am sorry if it sounds like that, i just was expecting a better or more roboust system from what i think a experienced trader, that's all. Have a nice weekend!
miguel | Posted 12:59 24 March 2007

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