BabyPips

Forex and Crypto for Beginners

Cowabunga System Daily Update: Wednesday, 12/12/2012

December 12, 2012 11:49 AM UTC in Trading Systems

Partner Center Find a Broker

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 Claimant Count Rate; Claimant Count Change; Average Earnings; ILO Unemployment Rate

Today’s Surf

3:15am 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 Thursday:

8:30am EST– US PPI; Initial Claims; Retail Sales
10:00am EST– US Business Inventories

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

Want to discuss the Cowabunga System? Visit our Forex Forums.

About Pip Surfer

Follow along as I take a simple forex trading system and apply it to an unsimple market. If you're new, you should read the Cowabunga System FAQ.

More from Pip Surfer

[Michael Marcus – another top trader] taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgement, being wrong, making your next best judgement, being wrong, making your third best judgement, and then doubling your money.Bruce Kovner

No. 1 FX broker
in the US*
Trade 80+ FX pairs
plus gold & silver
Powerful tools for
active tradersPopular
EUR/USD spreads
as low as 0.2 pips
* Based on client assets per the 2021 monthly Retail Forex Obligation reports published by the CFTC.
Forex trading involves significant risk of loss and is not suitable for all investors.