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: Wednesday, 12/19/2012

Posted 6 months ago | 2:47 PM | 19 Dec 2012 | Comments

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

Main Trend

Current Trend

The trend was UP the entire day.

Today I only looked for long trades.

News events to watch for today :

4:30am EST- UK BOE Minutes
6:00am EST- UK Distributive Trades
8:30am EST- US Housing Starts; Building Permits

Today's Surf

7:45am EST- There was a moving average crossover for a long trade. RSI was greater than 50, MACD was negative and gaining value, but stochastics were still trending down. This cancelled out the signal and I did not enter.

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

News events to watch for Thursday:

4:30am EST-UK Retail Sales
8:30am EST- US Initial Claims; Core PCE Price Index; GDP
10:00am EST- US FHFA House Price Index

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