Cowabunga System Weekly Review- 01/15/07-01/19/07
This is the week in review for the Cowabunga system: January 15-19, 2007
| Monday: | Holiday- No Trade |
| Tuesday: | No Trade |
| Wednesday: | No Trade |
| Thursday: | +41 |
| Friday: | -1 |
| Total: | +40 Pips |
Related Posts:
- Week In Review- 01/01/07 - 01/05/07 23:01 07 January 2007
- Cowabunga System Weekly Review: 01/29/07 - 02/02/07 08:19 04 February 2007
- Cowabunga System Weekly Review 23:38 14 January 2007
- Cowabunga System Weekly Recap: 01/22/07-01/26/07 22:21 27 January 2007
- Cowabunga System Weekly Review: 05/21/07 - 05/25/07 15:20 29 May 2007
Archived Comments (2)
Forex Blog: Pip My System
Hey Bigpippin,
Thanks for posting your system here. Its simple and very clear ... just the way I like it.
I know Babypips advocate using fixed % risk per trade (eg. 1% of capital to be risked on every trade). If this is also part of your system AND you use variable stop loss size (based on technical, eg. swing low etc), then the pip value between trades are different. So, reporting simple total pip gain/loss is next to meaningless.
I would suggest that you report each trade in terms of R multiples (R being the stop loss size of each trade). So, if you have a 40 pips win but risked 80 pips to get that win, the trade yields 0.5R.
Further, this can easily accommodate ppl with different float sizes. Referring back to the above example, someone with 100k float risking 1% per trade will make $500 on that trade (or 0.5% ROI). Of course someone with 50k float will make $250, also 0.5% ROI.
Sorry for being long winded, just want to be clear to everybody.
Cheers,
Pacifier
Sure that's not a problem. I wanted to keep things as simple as possible which is why I just posted the gains/losses in pips, but I can easily post the R multiples if it will help :)
Happy trading!