CorbanFx....what's up?

Hello to all. I know by saying "all" I am referring to me, and the 2 others who have ever looked at this but, like I said when this started, I was doing this for my own track record and trade journal. The problem I find is that I have only been posting my trading activity in this one strategy. I am a person of many different ventures. I don't do anything "exclusively". Believe it or not I have been trading this month in currency, but in a completely different way. It is an arbitrage opportunity that will not last long, and I refuse to share (SORRY...) but is very profitable so far. Once that is done I will be trading the Cowabunga Strategy again. I have seen and demonstrated that it works. 3 months of trading it has yielded 18.56% for me. for more info check the Track Record .

Anyway, feel free to e-mail me or leave a comment with any questions since I have seen that Pip Surfer isn't posting anymore.

Talk to you soon.

Restructuring

Well, as you may have noticed, I didn't trade all last week and for the time being, will not be able to trade. I am restructuring my accounts. If anyone would like to keep up with the performance of this strategy in the mean time click HERE
The performance in this site is net of all spreads. However, the one you are clicking on is gross and doesn't include spread. Make sure you take that into account. That could vary by 3 to 6 pips per lot, per trade.

I look forward to coming back soon.
Talk to you soon.

CorbanFx Weekend Review 6/9-6/13/08

OK week. I didn't trade Monday so I missed a good trade but we still ended with a positive week.

This week in trades:

Monday: OFF
Tuesday: No TRADES
Wednesday: 1 trade....-63 pips
Thursday: NO TRADES
Friday: 2 trades.......+96 pips

Total: 3 Trades......+33 pips

Friday 6/13/08 Update

Friday the 13th....It's bad luck to be superstitious!

Well it was a good day. I was in two trades and both were positive. It puts me in positive for the week and again a new high for balance. Good stuff. Here is how it happened.

Today's Trades:

12:00am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle at 1.9456 with a stop at the most recent swing high at 1.9486. Since I was only 6 pips away from the nearest 50 or 00 level, I decided to go for the same amount of pips I was risking on the trade, which in this case was 30. This put my initial target at 1.9426.
Entry: Short at 1.9456

Stop: 1.9486

Initial Target: 1.9426

3:00am EST- My target was hit. I had a limit order in so I got filled at 1.9426

5:45am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle at 1.9452 with a stop at the most recent swing high at 1.9482. Since I was only 2 pips away from the nearest 50 or 00 level, I decided to go for the same amount of pips I was risking on the trade, which in this case was 30. This put my initial target at 1.9422.
Entry: Short at 1.9452

Stop: 1.9482

Initial Target: 1.9422

8:15am EST- Unfortunately my target was not hit by this time and since news was coming out at 8:30am EST, I closed out my trade. I exited at 1.9450.

Results: 2 trades.....32 pips....3 lots.....96 pips.

Here are the charts. Talk to you soon.

Thursday 6/12/08 Update

Crossovers? What's that?

The CABLE tanked again last night but the move started before midnight and once again never retraced enough to give me a crossover signal. It just dropped and dropped and dropped and...you get it.

I have one more day of trading this week. Hopefully I will get in on a positive trade and close the week on the upside.

Talk to you soon.

Wednesday 6/11/08 Update

Minor Hit

I took a small hit today. I actually had a feeling it wouldn't be the best trade, but again, rules are rules and I got in. Next bar I was out with a 21 pip loss per lot.

Today's trades:

2:15am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle at 1.9534 with a stop at the most recent swing high at 1.9555. Since I was 34 pips away from the nearest 50 or 00 level, I decided to put my target at 1.9500.
Entry: Short at 1.9534

Stop: 1.9555

Initial Target: 1.9500

2:30am EST- Unfortunately I was stopped out of my trade.

4:15am EST- There was a signal here, but it was right before news so I did not enter.

Results: 1 trade....-21 pips...3 lots.....-63 pips

Here is what it looked like.

Talk to you soon.

Tuesday 6/10/08 Update

Sit here...keep it warm.....

It was another one of those days that kept me on the sidelines. The CABLE began it's decent late yesterday evening and it never looked back. Not a single spike to maybe give me hope that there would be a cross. So needles to say, not much was done with the system today. As you saw, I missed out trading yesterday (which would have been a positive day) so now I am two days blank for a 5 day week...hmmm. Let's see what tomorrow brings.

Talk to you soon.