Tuesday, March 18, 2008

And so it begins!!

First and foremost, I want to make it clear that I did not develop this strategy. I am simply making a detailed accounting (more for personal reasons and discipline purposes than anything) of my own experience using this strategy. The idea, as far as I know, come from alias PIP SURFER on babypips.com. In his blog, he gives detailed info on how the system works and when he places trades. SOOOOOO...why then am I doing this? ahhhhh...because I have noticed that even though I follow the strategy exactly as per what it calls for, and try to execute exactly when it shows that entries should be made, my results vary. WHY? Sometimes I miss a trade because I am sleeping at 3 am! (i have not set up automatic alerts (YET!) Sometimes my entries are different because of 2 second difference in pressing a button! My exits and profit taking is different. In truth, I believe that if two traders sit next to each other, following the same strategy, in the end their results will not be exactly the same. Errors happen, timing, slippage, computer crashes and so on and so forth.
So, with that in mind, I am posting my own experience in this the "COWABUNGA" strategy.
Talk to you soon!

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