Cowabunga System Update- January 4, 2007

Posted 20:38 04 January 2007 | 2

Main Trend

Current Trend= Down

Only look for Short trades

Today's Surf

The Cowabunga produced a short signal late last night at 11:45 ET. RSI was less than 50, Stochastics was heading down, and MACD was positive and starting to lose momentum. I entered at 9511 with a stop at the most recent swing high which was at 9530.

I exited my trade at 9400 because it was a 00 level. You could've also exited at 9450. I felt like there was still momentum even after the pair hit 9450 which is why I decided to adjust my stop and go for 9400.

Trade Result: +111 Pips

Comments (2)

Hi, I am new to the forum. Hope my question is accepted here. I am trying to impliment the cowabunga system on metatrader. Is there a way to change meta to EST? System looks interesting. Thanks for your info. Mike
trader101 | Posted 22:51 04 January 2007
Unfortunately, there is no way to change Metatrader to EST. At least not that I know of.
bigpippin | Posted 23:14 04 January 2007

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