The Cowabunga System

[SEEpip]

Originally Posted by Pip Daddy

I have created the attached flowchart for making trades using the Cowabunga System. My intention was to systematically apply all the rules as they have been described by the author. Following the chart should lead you to entering only valid Cowabunga trades as described by Pip Surfer.

If you see any discrepancies or feel I have left anything out, please let me know and I will update the file.

As a new trader, my goal is to use the flowchart to help keep me from overlooking something prior to entering a trade. I hope others will find it useful too.

Acrobat Reader required.

Well Done!

[SEEpip]

Originally Posted by tonymand

There are always some difficulties this time of year as countries move or leave daylight saving at different times. NFP came out at 8.30 ET which according to me was 12.30 GMT

I agree I 'catch' myself wondering what GMT I am, its usually-5..now its -4, trying to keep it straight and listening to global news events. Challenging at times. Not to mention trying to bag a few pips on top of it

[SEEpip]

Maybe someone can help me out, although this is not really a trading question, more of a technical IT question. How do I reverse my threads to start from the beginning to the end. I always get the end, and have to read backwards- ( intime)... if that made cents.

regards ppls

SEE

[SEEpip]

Originally Posted by meza

Hi

Could someone please recommend a good reputable broker that provides a web-based platform. Sorry, if this is not the place for this question, but I have been following the CB system and need a web-based platform to demo trade it.

Thanks, Meza

web base? not sure what you mean on that (java) Ive been with FXsol ( downloaded platform) for 4 years, and I got alittle tired with the charting and commissions, so I went to Oanda ( webbase)... I wish I would have gone years ago- feels like Im trading commish free ( in a sense), compared to FXSol.

Hope this helps-

SEE

[SEEpip]

This system is using 5-10 ema, is there a real difference in ema, IM using 5-13.

Maybe someone can explain what exactly is the diffrence by a few numbers in ema. I also use R&S to tie in my entry point

Thanks
SEE

[tonymand]

Originally Posted by SEEpip

Maybe someone can help me out, although this is not really a trading question, more of a technical IT question. How do I reverse my threads to start from the beginning to the end. I always get the end, and have to read backwards- ( intime)... if that made cents.

regards ppls

SEE

go to your account, control panel and change the thread display

[Bazsi]

Hi, i'm sorry, but i haven't found a clear answer about what this "Clean break" is.
I know that it means that the candle closes above the target, then you move up the stop. But if it moves above the target, your position should be automatically closed. Then how do you move your stop up? Do you open another position? Or the profit target is just theoretical, so you only close it manually if you see that there is no chance of clean break? Thanks for the answer.
Oh, there is another question. I use the cowabunga indicator which can be downloaded from here, but it doesn't always show the same signals. For example today's signal (Apr 21) was not even displayed. Is there a newer version i should download? Thank you again.

[Elroch]

Followers of the cowbunga system may be interested in a template for Ensign. It includes all the indicators and alerts that identify valid entries (except for checking agreement with the long term trend). The template is at http://charts.dacharts.com/2008-04-23/Cowbunga.dat

Valid entries are marked with red and green shading on the chart, and invalid ones by navy blue. The stochastic and RSI colour their subwindows to indicate support for long or shorts.

[lilfeet]

For those that actively trade this system using the weekly and daily time scale. What targets do you set? Using numbers ending with 00 or 50 results in very tiny gains for the amounts of risk.

Do you use round 100? Ie 1.9600 or 1.9700?

Or perhaps some multiple of the amount risked?

Or perhaps an indicator like the MA's crossing again.

Anybody have suggestions to try?

[tonymand]

[quote=lilfeet;46378] Using numbers ending with 00 or 50 results in very tiny gains for the amounts of risk.



Perhaps you dont fully grasp the money management aspects. With yesterdays trade the return was 2.8R ie over 5% using a 2% risk model with an exit at a round number. PS reports a higher return but this is misleading as he doesnt include the spread. This is a truly excellent return. If you read the thread carefully you will find where I reported that the annual return was about 90R ie 180% on a 2% model. If you equate this to minor then so be it. In addition remember the model is there to be adjusted. PS will occasionally take trades with a less than R return, i dont, simple as that. You imply that you are trading on longer timeframes, then you really need in my view to treat it as a different model and do your due diligence which would include profit areas. Sorry cant help you with that as I dont trade on those longer frames. Worth asking yourself why you are changing a well tested and highly profitable model since if you stick close to the original you will do well