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.

CorbanFx Weekend Review 6/2-6/6/08

Yeah..I'm late posting but I wasn't around a computer.

Last week was good. We had 5 trades and 3 of them were postive. I didn't trade Friday or today (monday), so we will have a short couple of weeks but as long as they are up, i don't mind.

This week in trades:

Monday: 1 trade......+33 pips
Tuesday: 1 trade......-114 pips
Wednesday: 2 trades....+147 pips
Thursday: 1 trade.......+102 pips
Friday: OFF

Total: 5 Trades......+168 pips

Heads Up!

Just want everyone to know that I will not be trading tomorrow Friday. I have some family endeavors that I must attend early in the Morning. I will however post Charts for tomorrow as per Pip Surfer trades if any so you have a point of comparison. However, whether the performance is good or bad, I won't be trading it, and so it will not go towards my performance.

Take care.

Thursday 6/5/08 Update

It keeps going and going.

Another positive day. for net 102 pips. Looking good.

Today's trades:

2:00am EST- There was a moving average crossover for a short trade. However, stochastics were still trending up which cancelled out the signal. I did not enter on this one.

3:45am 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 1.9501 with a stop at the most recent swing high at 1.9535. Since I was only 1 pip 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 34. This put my initial target at 1.9467.

Entry: Short at 1.9501

Stop: 1.9535

Initial Target: 1.9467

5:45am EST- My target was hit. I had a limit order in place and it got filled at 1.9467

Results: 1 trade...+34 pips....3 lots....102 pips.

Here are the charts.

Talk to you soon.

Wednesday 6/04/08 Update

Very Nice!

Two trades. My first trade I believe was my most profitable in one trade since I started this blog. 201 pips! unfortunately I went on to give back 54 of them on the next trade..but still, 147 pips to close out the morning is not at all bad. And it isn't even noon yet...I am early!

Today's Trades:

1:15am 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 1.9617 with a stop at the most recent swing high at 1.9736 . Since I was 17 pips away from the nearest 50 or 00 level (1.9600), I decided to to set my target at that price.

Entry: Short at 1.9617

Stop: 1.9736

Initial Target: 1.9600

2:00am EST: My first target was hit, and because I learnt from yesterday's mistake I waited to see if it made a clean break. It just kept going so I put my stop at 1.9600 and set a new target of 1.9550

New target: 1.9550

3:20am EST: My second target was hit and I exited the trade at 1.9550

When I moved my stop I never thought it would hit my second target so I set a limit order and just went to sleep. I woke up when my Alarm sounded telling me something was filled and my first thought was..."oh well, so I got stopped out for a 17 pips gain per lot" It was a moment of joy to see I hit the second target.

7:15am 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 1.9545 with a stop at the most recent swing high at 1.9578 . Since I was 45 pips away from the nearest 50 or 00 level (1.9500), I decided to to set my target at that price.

Entry: Short at 1.9545

Stop: 1.9578

Initial Target: 1.9500

8:00am EST: News was coming out at 8:15 so I had to close my trade at the end of the candle. I got filled at 1.9563.

In retro, I should not have gone into a trade with less than 1 hour before news. I guess I just thought everything was going my way. Thank you Trade Gods for keeping me humble.

Results: 2 trades......+49 pips...3 lots....+147 pips

Here is my chart for the day.

Talk to you soon.

Tuesday 6/03/08 Update

Awwwww...and we were doing so well!

It wasn't the best day for me as I lost 38 pips per lot today on 3 lots. You know, I looked at the trade and I didn't like it from the get go. Again I jumped in because the signals were there and I don't want to fall into the habit of picking and choosing which trades I take because that would render the whole strategy pointless. But, that being said, I am starting to get a better "feel" for which ones will and which ones won't work out as well.

The trend was down all day as you can see, so I was only looking for short trades.

Today's Trades:

2:00am 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 1.9614 with a stop at the most recent swing high at 1.9652 . Since I was 14 pips away from the nearest 50 or 00 level (1.9700), I decided to to set my target at that price.

Entry: Short at 1.9614

Stop: 1.9652

Initial Target: 1.9600

3:57am EST: Unfortunately, I was stopped out of my trade.

Results: 1 trade....-38 pips....3 lots....-114 pips

At 9 am there was another crossover, but since Bernanke was speaking I decided it was the same as a news candle, and didn't jump in. I wouldn't have hit my target anyway, but I would have exited the trade by 4 pm for a small gain.

Here are my charts with the entry and exit bars.

Talk to you soon

You can see I bought at the absolute low and the trade went against me immediately!

My stop got hit!

Monday 6/02/08 Update

Is good, good enough?



Today I made 11 pips per lot. Apparently I did something wrong because pip surfer got 53. I am going to include my charts and his so you can see how we differed.

The trend remained down all day as you can see below.





Today's Trades:



1:45am 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 1.9711 with a stop at the most recent swing high at 1.9742 . Since I was 11 pips away from the nearest 50 or 00 level (1.9700), I decided to to set my target at that price.



Entry: Short at 1.9711

Stop: 1.9742

Initial Target: 1.9700



2:37am EST- My target was hit at this time and I. I should have waited to see if it made a clean break, but I was out and then it kept going down. Oh well. I'll take it.



Result: 1 trade....11 pips....3 lots....33 pips.



Here is the chart for my trade:






Now the first difference between our two trades is that he got in at 1.9708..so he would obviously go for the amount being risked which was 34 pips. The next difference is he waited for the clean break and was able to stay in the trade for an extra gain..

In my case, what I needed to do was one of two things: a) set my target for the amount of risk or b) waited for the clean break. That would have made me a great deal more pips. Oh well...here are the charts of how it could have looked.

Talk to you soon.

CorbanFx Weekend Review 5/26-5/30/08

100% Positive

It was a very good week for our system. Not only did we bat 100 but we reached and stayed at a new high to close out the month.

This week in trades:

Monday: Memorial Day No trades
Tuesday: 2 Trades.......+75 pips
Wednesday: 1 Trade.........+108 pips
Thursday: 1 Trade.........+30 pips
Friday: NO TRADE

Results: 4 Trades.........213 pips

Friday 5/30/08 Update

Stayed out!

There were a couple of crossovers today but I decided I was not going to trade any of them. I turned of my alarms and decided to close out the month with what I had. Silly? Maybe. But I don't care. Like I have said before, closing the month on a high has significant impact on the psyche for the following month, and I believe that the possibility of a few more pips is far outweighed by the invigorating knowledge that you achieved a goal. With that in mind I close out the month with a nice return, and go into next month with some room for draw down.

I will talk to you next month....or Monday for that matter.

Thursday 5/29/08 Update

30 more..

OK. The trade I did today started with 40 pips between entry and target as well as stop. It was around 12:30 when I decided that I simply didn't want to wait for 4 to close the trade, so I brought my stop down to 2 pips above my entry and set my target 10 pips away. At 1 pm it hit the 10 pips target and that was that. I will have to see what the end result would have been if I had waited till 4 pm, but, it's the end of the month and I just didn't want to end on a draw down.

Today's trades:

10:30am 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 1.9748 with a stop at the most recent swing high at 1.9800. Since I was 48 pips away from the nearest 50 or 00 level (1.9750), I decided to to set my target at that price.

Entry: Short at 1.9748

Stop: 1.9800

Initial Target: 1.9700

12:30 pm EST: It wasn't moving much and we were a little in the money so I decided to cut my risk to a minimum and hope for 10 pip gain.

New stop: 1.9750

New Target: 1.9738

1:00pm EST: Our target was hit. Trade closed.

Results: 1 trade....+10 pips.....3 lots.....+30 pips

Here is my chart.

Talk to you soon.

Wednesday 5/28/08 Update

New High!

Another good day. It seems to me that that last few days of the month always tend to be the ones that give us the nice profits...hmmm...Maybe I should just trade from the 20th to the 30th of every month. In any case, we made out with 108 pips today which put us at a new high in our balance.

Today's Trade:

3:45am 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 1.9786 with a stop at the most recent swing high at 1.9800. Since I was 36 pips away from the nearest 50 or 00 level (1.9750), I decided to to set my target at that price.

Entry: Short at 1.9786
Stop: 1.9800
Initial Target: 1.9750

5:28am EST- My target was hit at this time and I. I should have waited to see if it made a clean break, but I was out and then it kept going down. Oh well. I'll take it.

Results: 1 trade.....+36 pips.....3 lots.....108 pips.

Talk to you soon.

Check out my new charts...I just figured out how to do it with my platform!

Tuesday 5/27/08 Update

Final Push

It was another decent day for the system. We got in on two trades and were positive on both. Both times the news kind of got in the way and specially on the second trade, made me close the trades early, but none the less ended with 75 pip gain. Not bad for a Tuesday after a long weekend.

Today's trades:

12:45am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD was negative and gaining value.. This was a valid entry. The entry was at the close of the candle at 1.9817 with a stop at the most recent swing low at 1.9812. Since I was 33 pips away from the nearest 50 or 00 level, I decided to put my target at 1.9850.

Entry: Long at 1.9817

Stop: 1.9812

Initial Target: 1.9850

1:45am EST- My target wasn't hit by this time and I knew that news was coming out at 2:00am EST, so I closed my trade. I managed to exit out at 1.9837.

9:00am 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 1.9755 with a stop at the most recent swing high at 1.9782. Since I was only 5 pips away from the nearest 50 or 00 level (1.9750), I decided to go for the same amount of pips I was risking on the trade, which in this case was 27. This put my initial target at 1.9728.

Entry: Short at 1.9755

Stop: 1.9782

Initial Target: 1.9728

9:45am EST- My target wasn't hit by this time and I knew that news was coming out at 10:00am EST, so I closed my trade. I managed to exit out at 1.9750.

Results: 2 trades.....25 pips.....3 lots.......75 pips.

Today with such tight stops I really should have gone for more lots on each trade. I was only risking 5 pips on the first trade. I could have sold 20 lots and still been within the 2% rule max loss. Had I done that, the return would have been 400 pips!...but I am chicken and would rather err on the side of caution. Oh well...

Here's what it looked like.

Talk to you soon.

CorbanFx Weekend Review 5/19-5/232/08

Going up?

Ok..another week gone and though we didn't trade Friday we were still able to get a few pips for the week.

This week in trades:

Monday: 1 Trade......-168 pips
Tuesday: NO TRADE
Wednesday: 1 Trade......+129 pips
Thursday: 1 Trade......+87 pips
Friday: OFF

Results:

3 Trades........+ 48 pips

Thursday 5/22/08 Update

The comeback trail.

Another good day as I was able to snag 87 pips from the cable. We are back in black and hopefully now we will end the month with a strong push to get us back to our average pips per month.

Today's Trades:

2:30am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.9721 with a stop at the most recent swing low at 1.9697. Since I was 29 pips away from the nearest 50 or 00 level, I decided to put my target at 1.9750.

Entry: Long at 1.9721
Stop: 1.9697
Initial Target: 1.9750

3:00am EST- My target is hit.

4:30am EST- There was a signal here but because it was a news candle, I did not enter.

Trade Results:

1 trade.....+29 pips......3 lots......+87 pips.


Here is how it looked. You will notice that on the charts, pip surfer showed the crossover at the 2:45 candle. So he entered on 15 minutes after I did and so he got executed at 1.9734. I actually got 13 pips more than he did today.

Talk to you soon.