The Cowabunga System

[Cowaboi]

Originally Posted by Airborne

Took a small position long with stop 117 pips away. I'm thinking this might be a swing play long to tgt next resistance around 1.9955. Bias for trade is based off daily. Should it work R multiple @ 1.8. Position size risk set for 1%.

Plenty of breathing space there then

I'm waiting for a test of today's inner fib levels. The target from today's swing is 9796...i doubt there will be a valid cowabunga entry before PipSurfer's 5pmgmt cut off, but i'll be tempted to go long through other methods after 5pm, if price action still stacks up.

[Cowaboi]

Originally Posted by Airborne

Cowaboi, not sure why. I used imageshack to host it and seems to work fine when I click on it.

aha, just realised it's getting filtered by our websense software...big brother

[Airborne]

Originally Posted by Cowaboi

Plenty of breathing space there then

I'm waiting for a test of today's inner fib levels. The target from today's swing is 9796...i doubt there will be a valid cowabunga entry before PipSurfer's 5pmgmt cut off, but i'll be tempted to go long through other methods after 5pm, if price action still stacks up.

I like how you have your fib studies placed on your charts. I've not used fibs before and not sure how they work.

[Airborne]

Originally Posted by Cowaboi

aha, just realised it's getting filtered by our websense software...big brother

hahaha big brother! I notice this site takes a while to load when I click on a page. I emptied my cashe and deleted cookies and still no improvement.

[Airborne]

Cowaboi, how do you put your charts up on this thread?

[Cowaboi]

Originally Posted by Cowaboi

I'm waiting for a test of today's inner fib levels. The target from today's swing is 9796...i doubt there will be a valid cowabunga entry before PipSurfer's 5pmgmt cut off, but i'll be tempted to go long through other methods after 5pm, if price action still stacks up.

Well, there just might be a cowabunga long entry at the close of the current 15min period. I'll be taking the trade if the 15min lines up in 5mins.

EDIT: 16:46 - EMAs failed to cross on the close, so no trade.

[Cowaboi]

Originally Posted by Airborne

Cowaboi, how do you put your charts up on this thread?

I use the 'PrintScreen' key on the keyboard and paste into MS Paint, edit, save and upload.

HTH

[Airborne]

Originally Posted by Cowaboi

Well, there just might be a cowabunga long entry at the close of the current 15min period. I'll be taking the trade if the 15min lines up in 5mins.

Good eye, I turned on the 15m chart and see what your looking at. Stoch is in oversold and rsi just over 50. notice the price action off the 15m chart. Each pullback seems to look good. I also see a bullish candle that hit temp support and bounced nicely.

Good Luck!

[Airborne]

Chart test

Ok I think I got it... Thanks!!

[Cowaboi]

Originally Posted by Airborne

Good eye, I turned on the 15m chart and see what your looking at. Stoch is in oversold and rsi just over 50. notice the price action off the 15m chart. Each pullback seems to look good. I also see a bullish candle that hit temp support and bounced nicely.

Good Luck!

...that one didn't make the grade. Now in final period for cowabunga entries today. Let's see.