Cowabunga Trade Update- 01/09/07
The Cowabunga system produced a long signal at 8:15 am ET. I entered long at 9429 and my stop was at 9406. Unfortunately, the market didn’t move in our favor and I was stopped out at 9:00 am ET.
Read MoreThe Cowabunga system produced a long signal at 8:15 am ET. I entered long at 9429 and my stop was at 9406. Unfortunately, the market didn’t move in our favor and I was stopped out at 9:00 am ET.
Read MoreThe Cowabunga system produced a short signal at 5:15 AM ET today. The entry was at 9316. Usually I like to go for 00 or 50 levels but if I targeted 9300, that would only be a 16 pip gain. If you notice, my stop was at the most recent swing high which was at 9346 (30 pips).
Read MoreThis is the week-in review for the Cowabunga System for 01/01/07 – 01/05/07
Read MoreThe Cowabunga produced a short signal at 6 AM ET on Friday. However, to follow my rules, I exited right before the NFP report for a 1 pip loss. The trade would’ve worked in our favor if we held onto it, but at that point, it’s pretty much a gamble if you were still in the trade.
Read MoreThe 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.
Read MoreDifficult to see. Always in motion is the future…Yoda