jeez, just finished babypips school. traded the cowabunga today and just pulled 130 pips on cable.
got stopped out by my ig index trailing stop as 5 hasnt X10 yet so dont know if there was any more left in the market but at �20 a pip this trade will do me for the week.
i take it from your thread it isnt always the case?
There has been no winning trade today. If you went long on cable at the 15 min cross it occurred while the H4 was down.
look again.
the H4 crossed at 9.15 bst.
the 15m chart had crossed already at 8.00 bst. i entered the trade at 1.5183 at about 9.17
got closed out at aprox.12.45pm bst at 1.5311.
on entry the H4 was long, then the 15 min chart rsi was above 50, stochastic not oversold and macd just turned positive. i got 128 pips, ok i rounded it up to 130, but if you dont think is a winning trade then what am i doing wrong.
apart from banking a tidy sum back into my seed fund.
I dont need to look again and have been following this method for a long time. Read PS blog this morning and you will see there was one short trade, a loser. I am glad you had a winning trade but it wasnt using the Cowabunga system and it looks like you need to re-read the rules
made 130 pips on cable today following the same method.
not wanting to sound rude but if you look at the 4 hr again you will see all indicators were up. then the 15 min was up. isnt that the method?
i have made �5k in 2 days so it is working for me but your posting losses. perhaps you need to re focus. sometimes people can get jaded when doing the same thing for so long.
just a thought
Well you obviously know more than the systems creator. I care not whether you wish to listen to well meant advice. Have a nice life
For those who do want to learn rather than simply show their ignorance, check out pipsurfers blog for yesterday where the trading day is summarised
Hi im a begginer and am pretty confused about this cowabunga system, i trade on currencies. Would anyone just quickly help meout and answer a few questions thanks.
q1. what is it simply?
q2. Whats it exactly used to analyse?
q3. Any other simple info to help me out
Many thanks
steve
sorry Tony,
i didnt mean to sound ignorant. nor am i suggesting i know anymore or less than anybody.
would have been nice if you got �5k (NZ$12800) as well thats all. i was only trying to help as i thought that was the reason for this.
i still cant see how you didnt see the trade. it definatly fits the parameters and criteria of the babypips/cowabunga method we are discussing.
anyway thanks i will have a nice life as i am always openminded enough too.
hope you get to post some winners soon
hi steve, please have alook at the system description and the faq in pip surfers (the inventors) blog: Pip My System - Forex Blog: Cowabunga Forex Trading System with Charts
you will find your answers there. if you didn’t already do that, i strongly recommend you to work yourself through the whole babypips school: Forex Training Online: Learn Foreign Exchange (FX) Currency Trading
it takes some time, but without spending it, you won’t even know why you’ ll have lost so much money.
best regards
It didnt - or are you suggesting that pipsurfer missed it as well? Your comments were in fact gratuitously rude and I think that was your intention. Nevertheless, time to move on. There were no winning Cowabunga trades yesterday, there was one losing short and this is clearly shown on the official babypips blog. Whether you choose now to look at that, work out where you have misinterpreted the rules or not is up to you. I repeat, I am very pleased you had a winning trade yesterday -good for you - but it did not meet the Cowabunga criteria. Had you not been so up yourself I would describe to you why, but I think I will let you find out for yourself if you are interested
are you still mad at us for RWC 03?
c’mon mate i really aint here to argue, just to find out as much as i can about trading.
i still think i traded when everything was on the up and i closed out on a winner.
i will look at the rules again but i cant see where i have gone away from them.
sorry if anything i may have written has offended u not my intention. it was lite hearted banter.
i will find time to look at ps blog.
Fair enough. Misunderstandings can occur over the net. Incidentally I am an expat brit and was there in 03 - eat your heart out! The H4 direction is not considered to have changed until the close of the candle for obvious reasons as it can reverse at any time and so the cross is not confirmed. Your entry was several hours before that occurred. Even though you had a cross at that point only when the candle closed is it accepted. Hence no Cowabunga trade. Of course last night is entirely different as you have a confirmed H4 uptrend. Incidentally, no, I am not tired, jaded or wrong but I am keen to keep on track any new traders who may be following this thread. Your early entry is one of the alternatives individuals can consider once they have fully mastered all the fine minutiae of the approach
ah i see. ok in that case i humbly apologise. i didnt think the candle not having closed would be a problem but i accept then it didnt conform to the cowabunga rules.
i took the trade tho because i could see from another indicator on a cable chart that the four hour was likely to continue. n glad i did.
missed the trade today as i was at a course for day trading ($99 dollars for a month tuition from a protrader. made 50 pips today. intense tho. just tryin to get another arrow, so to speak.)
well good luck on helping all the new traders, including me.
speak soon
Hi
Is anyone in a trade right now?
I am in long at 1.5780 (BST 7.30)
Meza
meza please please tell me you had a stop loss.the market just dropped 300 pips on a rumour of downgrade
Interesting thread. will try.
I use the Cowabunga and love it for day-trading. I noticed that PipSurfer said that he primarily swing trades. I’d like to get some info. about that, but I haven’t been able to find anything on the forums about his swing trading system…Can anybody point me in the direction of his system for swing trading?
P.S. I’m sorry for getting off topic, but I’ve exhausted everything else.
Thanks for your patience and help!
That’s a good question, I’d like to know that too! You should ask on the comments section of his video blog. He’s really good about answering those questions at the beginning of the next days video. He even answered one I posted about his theme music a few weeks ago. 
Of course…I’ll do that. Thanks for the suggestion.
I’d to share something that I happened across in one of the other threads last night.
alertfx.com will send free text message alerts to your phone. It’s really easy to set up and use. I did have to call for tech. help lats night and learned that you have to use windows explorer to set it up. I use Firefox and wasn’t able to set my parameters up right, but using explorer fixed that.
I tried it out last night (set up for the Cowabunga, of course) and found that you need to set your ema at 4 instead of 5 so that it will notify you in time to get to your computer for the cross…I broke the “no trading on a holiday” rule to try this out with my demo account and made 21 pips.
Hope this helps!!
Hey Tonymand thanks for answering this as these details are needed for us people just starting out. I realised that we had to wait for the close of the 15min candle to ensure the EMA crossover did happen but I also didnt realise that we had to wait for the 4hour candle to close. This means then when the EMAs are close and in the process of crossing (as they have done all day today as things go sideways) we have to sit out and wait for a clear break? So when this happens it could mean dont even look for trades for up to 4 hours (or more if it they still havent crossed over when the next candle starts).?
So to summarise my understanding on both 4H and 15M we wait till the close of the candle that had the EMA crossover. If there still isnt a clear crossover we wait till the next candle closes and onwards till we get a clear crossover. ?
If this is correct then when do we check the indicators are in alignment? At the first sign of a crossover, at the close of the first crossover candle or when we have the clean break at the start of the next candle?
Any clarification on these appreciated. Guess Ive been lucky so far the days Ive surfed the 4H has been in a clear trend. Today it wasnt and I suddenly realised the gaps in my understanding.
Thanks in advance.
Daz