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  #531 (permalink)  
Old 02-25-2008, 02:17 AM
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Good luck with your variant, Airborne. Looks interesting.

I'm looking for long setups at the moment.

EDIT: 1st long trade today: -17
4hr (cowabunga) trend still long (EMAs yet to cross short). Waiting for next long 15min cowabunga set up.
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File Type: gif 24th Feb 08.GIF (19.6 KB, 22 views)
Last edited by Cowaboi; 02-25-2008 at 05:14 AM.
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  #532 (permalink)  
Old 02-25-2008, 05:59 AM
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..came close to another long signal back there, but MACD-H already +ve on the EMA long cross - no trade, stand aside.
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File Type: jpg Cowabunga Fib 1 25th Feb 08.jpg (63.5 KB, 22 views)
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  #533 (permalink)  
Old 02-25-2008, 07:26 AM
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I've been monitoring the hrly fib chart so far this session and it's biased short now. So, i'll be taking the next 15min cowabunga short setup. The close of the current 15min period may get me in....i will be taking half off at the standard cowabunga exit level moving stops to b/e on the rest moving the target for the remainder to the hrly fib intraday T1 around 570. This is a forward test and will be using smaller stakes.

EDIT: Now short, initial stoploss just above last 15m swing high, first target 9600, 2nd target 9575.

EDIT: Stoploss hit for -28. Momentum upside now - both the hrly fib map and cowabunga 4hr trend in agreement (if the hrly closes above 670). Will be looking for cowa 15min longs if 670 is broken.

EDIT: 17:30GMT. The 5pm cut off for cowabunga entries now passed and no long entries set up this afternoon. Perhaps tomorrow will offer better opportunities to piggyback the trend.
Attached Images
File Type: jpg Hrly Fibs (1) - 25th Feb 08.jpg (27.0 KB, 17 views)
File Type: jpg Cowabunga Fib 2 25th Feb 08.jpg (56.1 KB, 15 views)
Last edited by Cowaboi; 02-25-2008 at 01:34 PM.
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  #534 (permalink)  
Old 02-25-2008, 01:52 PM
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This is my updated hrly fib map which i will be using to guage entries tomorrow.

If 9650 can hold overnight then i'll be looking for long cowabunga entries. An hourly close lower than 9650 from here and the bias will be short again for a while.
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File Type: jpg Hrly Fibs (2) - 25th Feb 08.jpg (28.2 KB, 20 views)
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  #535 (permalink)  
Old 02-25-2008, 02:41 PM
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Quote:
Originally Posted by Cowaboi View Post
Good luck with your variant, Airborne. Looks interesting.

I'm looking for long setups at the moment.

EDIT: 1st long trade today: -17
4hr (cowabunga) trend still long (EMAs yet to cross short). Waiting for next long 15min cowabunga set up.

Thank you kind sir. Well in the overnight my target got called out. So thus far +30. Just got home and have not looked into the action.
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  #536 (permalink)  
Old 02-25-2008, 02:44 PM
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Looking at the charts at first glance tells me to do nothing. System is in long mode with a 80band slip off the 15m. 4h to close to resistance for me to go long unless "clean break"
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  #537 (permalink)  
Old 02-25-2008, 04:40 PM
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I'm trying to learn how to figure out R multiples. Can someone see if this is right. Risking 24 pips closed out +30 @ R multiple 1.25?
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  #538 (permalink)  
Old 02-25-2008, 06:28 PM
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Quote:
Originally Posted by Airborne View Post
I'm trying to learn how to figure out R multiples. Can someone see if this is right. Risking 24 pips closed out +30 @ R multiple 1.25?
yes, correct
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  #539 (permalink)  
Old 02-25-2008, 06:59 PM
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yes, correct
Tonyman thank you for your response!
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  #540 (permalink)  
Old 02-25-2008, 08:22 PM
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took a short off 1 hr chart and trend break. Targeting 1.9626
stop 1.9661 for possible 1R
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