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, 02/21/12

Posted 1 year ago | 11:53 AM | 21 Feb 2012 | Comments

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

Main Trend

Current Trend

The trend was UP until 7am EST. From 3am - 7am EST, a new trend change candle formed and changed the trend from up to DOWN. After 7am EST, the trend stayed DOWN the rest of the day.

Today I only looked for long trades until 7am EST. After 7am EST, I only looked for short trades.

News events to watch for today :

4:30am EST- UK Public Borrowing

Today's Surf

4:00am EST- There was a valid signal here but because it was right before the 4:30am EST news event I did not enter.

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

News events to watch for Wednesday:

4:30am EST- UK Minutes of prior MPC Meeting
10:00am EST- US Existing Home Sales

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