The Cowabunga System

[ChowClown]

Long EUR/USD.

[ChowClown]

Short USD/CHF.

Edit: Stoploss hit at -21.

[ChowClown]

Short GBP/USD.

[tegasite]

Nice jobs:D
How do you catch all these early cowabunga signals, are you permanently glued to your computer or you have an indicator/alert that gives these signals on all pairs… can you share?

Short GBP/USD.

[ChowClown]

Nice jobs:D
How do you catch all these early cowabunga signals, are you permanently glued to your computer or you have an indicator/alert that gives these signals on all pairs… can you share?

…no alerts, just constant screening every 15mins. I’m in uncharted (forgive the pun) territory on anything other than cable for Cowa, so once i stop forward testing, I might be scaling back to the original.

[tonymand]

Nice jobs:D
How do you catch all these early cowabunga signals, are you permanently glued to your computer or you have an indicator/alert that gives these signals on all pairs… can you share?

You could use alertfx to warn you of the ma cross by sms to your phone

[tegasite]

If you have to be constantly screening every 15mins then you would have sold your whole time to forex… though its worth it cos you can make a good living out of it. Hope you can continue with your postings cos its been a helpful signal:)
Good posts

…no alerts, just constant screening every 15mins. I’m in uncharted (forgive the pun) territory on anything other than cable for Cowa, so once i stop forward testing, I might be scaling back to the original.

[ChowClown]

If you have to be constantly screening every 15mins then you would have sold your whole time to forex… though its worth it cos you can make a good living out of it. Hope you can continue with your postings cos its been a helpful signal:)
Good posts

…yeah, lots of work upfront on a forward test period usually pays off. I won’t be trading all pairs after the forward test…will just pick and choose the ripest to squeeze pips from.

As for this morning (i’m UK based), cable looks like it’s beginning to shape up for more reliable long cowas. Current watchlist also includes E/U, E/J, G/J, N/U, A/U and A/J…these are nearing ‘value’ areas as per ‘3 Ducks’…great thread that one.

Good trading today.

[tegasite]

Thanks men… I have already subscribed to thier email signals cos my mobile phone service provider does not support this service. Alertfx doesnt provide signal for my favourite pair GBP/JPY so i use EUR/JPY instead… but I will really appreciate it if there is anyone who can configure yahoo/Gmail/hotmail to give incoming mail audio alert or better still audio indicator for cowabunga setup. Clue to audio alert can be gotten from this forum:
Buy and sell signal - Forex Trading | MetaTrader Indicators and Expert Advisors

Happy trading:)

You could use alertfx to warn you of the ma cross by sms to your phone

[tegasite]

I have been trading GBP/JPY mechanically with the cowabunga system and it has been worth while so far… you may check out my daily updates on this thread:
http://forums.babypips.com/free-forex-trading-systems/6736-almighty-gbp-jpy-versus-cowabunga-system.html
If you have your mind made up we could trade GBP/JPY together cos I trade during the European and US period (Nigerian based: GMT+1)
Thanks I know the ‘3 Ducks’ system helps you trade cowabunga perfectly.
Happy trading

…yeah, lots of work upfront on a forward test period usually pays off. I won’t be trading all pairs after the forward test…will just pick and choose the ripest to squeeze pips from.

As for this morning (i’m UK based), cable looks like it’s beginning to shape up for more reliable long cowas. Current watchlist also includes E/U, E/J, G/J, N/U, A/U and A/J…these are nearing ‘value’ areas as per ‘3 Ducks’…great thread that one.

Good trading today.

[ChowClown]

I have been trading GBP/JPY mechanically with the cowabunga system and it has been worth while so far… you may check out my daily updates on this thread:
301 Moved Permanently
If you have your mind made up we could trade GBP/JPY together cos I trade during the European and US period (Nigerian based: GMT+1)
Thanks I know the ‘3 Ducks’ system helps you trade cowabunga perfectly.
Happy trading

While i’m around (i’m not a full-time trader yet), it would certainly be useful to look at GBP/JPY together using cowabunga - i’d like to see some live calls from you on that one, as i haven’t got a complete handle on your entry/exit logic, from your thread.

I’m long A/U from 0.8793 (sorry, didn’t have time to post that one). In fact a whole raft of long signals about to land by the look of it…1 more minute to wait :)…long GBP/JPY now…

[ChowClown]

…here’s my GBP/JPY entry. Have you taken this tegasite?

[tegasite]

Basically I use cowabunga principle for my entry/exit but on some occassions I employ the use of trendlines/pivot/resistance and support lines. If you take a look at the 4H chart you will see where I had my trendlines drawn (I look for cowbunga setup to long/short at the support/resistance of the trendline respectively). I take entry/exit signals from 15mins chart cos I am an intra-day trader.
If I take a long position on the 15mins chart, I maintain that position as long as the 14RSI remains above 50…though it may drop below 50 a bit but you dont get carried away as long as stoch is in oversold region.
I take my exit position most times using cowabunga setup while studing to observe very strong resistance and support lines.
I hope you get this:D
Try to assimilate this for now

While i’m around (i’m not a full-time trader yet), it would certainly be useful to look at GBP/JPY together using cowabunga - i’d like to see some live calls from you on that one, as i haven’t got a complete handle on your entry/exit logic, from your thread.

I’m long A/U from 0.8793 (sorry, didn’t have time to post that one). In fact a whole raft of long signals about to land by the look of it…1 more minute to wait :)…long GBP/JPY now…

[tegasite]

Thanks men but I dont trade any system on its own… I always use other confirmatory signals:D
I am afraid to long now cos the stock in 4H is in over bought region and I want the price to close above the resistance line on my 4H trend line:eek:
Not a doubting Thomas but have to be doubly sure:)

…here’s my GBP/JPY entry. Have you taken this tegasite?

[ChowClown]

Thanks men but I dont trade any system on its own… I always use other confirmatory signals:D
I am afraid to long now cos the stock in 4H is in over bought region and I want the price to close above the resistance line on my 4H trend line:eek:
Not a doubting Thomas but have to be doubly sure:)

Thanks for sharing how you trade this - very useful. I keep an eye on 4hr oscillators and use them to guage how much i play with, rather than whether the trade’s ‘on’ or ‘off’ - too many times i’ve seen os/ob oscillators at extremes for long periods of time (especially on the 4hr) and price has continued to trend strongly…as always, it’s horses for courses depending on risk appetite.

First target hit on the GBP/JPY and at b/e on rest and will lock more in on RSI 50 tests.

Thanks again.

[8toenails]

Thanks men but I dont trade any system on its own… I always use other confirmatory signals:D
I am afraid to long now cos the stock in 4H is in over bought region and I want the price to close above the resistance line on my 4H trend line:eek:
Not a doubting Thomas but have to be doubly sure:)

Tegasite,

I’d be interested in trading with you. I’m in GMT+3 territory. You can contact me at 8toenails at gmail dot com if you want to set something up.

Thanks!
8

[tegasite]

Its my pleasure:) If you stick to this thread and the thread where I place my daily trade : 301 Moved Permanently

You will not have problems with trading the GBP/JPY using the cowabunga system… :rolleyes: stay tuned.

Tegasite,

I’d be interested in trading with you. I’m in GMT+3 territory. You can contact me at 8toenails at gmail dot com if you want to set something up.

Thanks!
8

[tegasite]

Hope your eyes are still glued to the 14 RSI on the 15M chart… and see the power of the RSI that elude so many traders:cool:

If you had entered at 232.55 (cowabunga + 3 duck setup)then you would have confortably be sitting on the trade without hassles…thats wat I enjoy doing while trading this pair:p with minimum risk.
Happy trading.

Thanks for sharing how you trade this - very useful. I keep an eye on 4hr oscillators and use them to guage how much i play with, rather than whether the trade’s ‘on’ or ‘off’ - too many times i’ve seen os/ob oscillators at extremes for long periods of time (especially on the 4hr) and price has continued to trend strongly…as always, it’s horses for courses depending on risk appetite.

First target hit on the GBP/JPY and at b/e on rest and will lock more in on RSI 50 tests.

Thanks again.

[cabletrader]

Nice short trade earlier.

(first attempt at thumbnail so if it doesn’t work…sorry!)

[tegasite]

Nice job cabletrader:eek: But with your name you should just stick to trading the cable… dont you think;) Nice job men.
Please I will like to know the procedue for attaching thumbnail
Thanks

Nice short trade earlier.

(first attempt at thumbnail so if it doesn’t work…sorry!)