Disliked{quote} You are correct. My mistake now edited to correct. Example below now at New York 9am. Watch what happens from now onwards , the price action and the TDI . {image}Ignored
- #150,582
- Jul 14, 2025 5:41pm Jul 14, 2025 5:41pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} XAU July 14 London 12pm - caution with the pull-back to recent swing lows zones {image}
...
XAU July 15 Tokyo 9:30am UPDATE:
- the 'correction' went deeper than I had thought,
- today I'll wait for the MACD to be above its zero level
- the moving averages catches up with the price ...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,583
- Jul 14, 2025 9:26pm Jul 14, 2025 9:26pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} XAU July 15 Tokyo 9:30am UPDATE: - the 'correction' went deeper than I had thought, - today I'll wait for the MACD to be above its zero level - the moving averages catches up with the price ... {image} ...
{image}
XAU July 15 M15 UPDATE:
- did you wait for the MACD to be above the zero level ?
- exit 3365
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,585
- Jul 14, 2025 10:34pm Jul 14, 2025 10:34pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} Nice. I did a divergent short trade in rick's style.
divergent would be a bonus to the setup.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,586
- Jul 14, 2025 10:36pm Jul 14, 2025 10:36pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} XAU July 15 M15 UPDATE: - did you wait for the MACD to be above the zero level ? - exit 3365 {image} ... {image}
XAU July 15 Tokyo session trades closed.
- 2 trades closed, +1.5R and +4R
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,587
- Jul 15, 2025 3:06am Jul 15, 2025 3:06am
- Joined Nov 2008 | Status: Trader | 50,200 Posts
XAU July 15 London 11am
- another 'test' of 3365
...
- another 'test' of 3365
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,589
- Jul 15, 2025 5:26am Jul 15, 2025 5:26am
- Joined Nov 2008 | Status: Trader | 50,200 Posts
XAU July 15 London 11am - another 'test' of 3365 {image} ...
XAU July15 London session
- got distracted by neighbours' dogs coming in my garden
- missed the H1 COWABUNGA setup rejection of H1 SnR and 3365
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,590
- Jul 15, 2025 5:47pm Jul 15, 2025 5:47pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} XAU July15 London session - got distracted by neighbours' dogs coming in my garden - missed the H1 COWABUNGA setup rejection of H1 SnR and 3365 {image} ...
XAU July 15 review:
- what is COWABUNGA ? some members asked me yesterday.
- when Price Action meets confluence of Support and Resistance and the lagging indicators - Stochastics, RSI, MACD, play their part to confirm with the technicals,
- that COWABUNGA setup conditions was great as most cases, these should give you more confidence to pull the trigger...
- BUT you must always be prepared for these type of opportunities
- you need to have the patience,
- when you pray and ask for patience, you will get the opportunities, ...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,591
- Jul 15, 2025 6:23pm Jul 15, 2025 6:23pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. ///Come visit more often. Big E
When you read the OP posts and do not understand his posts and charts, simply quote that post and ask any question you have in mind.
The OP' last post #12,912 above.
One way to get started and learn is to follow this below:
> is 76 hours too much for you to commit ?
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,592
- Jul 15, 2025 7:19pm Jul 15, 2025 7:19pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
XAU July 16 Tokyo 11:15am
- you decide based on the Price Action , Support and Resistance, ...
- and your trade plan for this session,
...
- you decide based on the Price Action , Support and Resistance, ...
- and your trade plan for this session,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,593
- Jul 16, 2025 3:12am Jul 16, 2025 3:12am
- Joined Nov 2008 | Status: Trader | 50,200 Posts
XAU July 16 London 11am
- not much movement for many hours
- the market is filling orders till Chicago open
- at the moment Previous Day Open and 200EMA is acting as 'resistance',
- the New York 9:30am is crucial therefore be careful of big candle spikes,
...
- not much movement for many hours
- the market is filling orders till Chicago open
- at the moment Previous Day Open and 200EMA is acting as 'resistance',
- the New York 9:30am is crucial therefore be careful of big candle spikes,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,594
- Jul 16, 2025 3:17am Jul 16, 2025 3:17am
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} XAU July 15 review: - what is COWABUNGA ? some members asked me yesterday. - when Price Action meets confluence of Support and Resistance and the lagging indicators - Stochastics, RSI, MACD, play their part to confirm with the technicals, - that COWABUNGA setup conditions was great as most cases, these should give you more confidence to pull the trigger... - BUT you must always be prepared for these type of opportunities - you need to have the patience, - when you pray and ask for patience, you will get the opportunities, ......
yesterday's COWABUNGA setup conditions provided traders the opportunities to add-on positions with confidence.
I close my sell positions at good profits from several free-trade situations re-investing profits from earlier trades.
"Let Profits Run" ... make your hard-earned money work harder for you.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,595
- Jul 16, 2025 4:03am Jul 16, 2025 4:03am
- Joined Nov 2008 | Status: Trader | 50,200 Posts
XAU July 16 London 11am - not much movement for many hours - the market is filling orders till Chicago open - at the moment Previous Day Open and 200EMA is acting as 'resistance', - the New York 9:30am is crucial therefore be careful of big candle spikes, {image} ...
XAU July 16 London 12pm
- for COWABUNGA traders , it is risky to sell when the MACD crosses it signal line and above its zero-level,
- but divergence can be the bonus at certain times,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,596
- Jul 16, 2025 6:54am Jul 16, 2025 6:54am
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} XAU July 16 London 12pm - for COWABUNGA traders , it is risky to sell when the MACD crosses it signal line and above its zero-level, - but divergence can be the bonus at certain times, {image}
...
XAU July 16 New York session
- nice move lower
- MACD closes below zero level
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,597
- Jul 16, 2025 5:33pm Jul 16, 2025 5:33pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
Thursday July 17
Happening today on FF Calendar plus few others which we do not see here,
...
Happening today on FF Calendar plus few others which we do not see here,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,598
- Jul 16, 2025 5:38pm Jul 16, 2025 5:38pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
XAU July 17 Tokyo session,
- Daily is NOT trending but it provide the intraday support and resistance for buy and sell,
- plus if you look at the CONFLUENCE of other "support and resistance" on your charts you will find some good trades
- observe price behaviour at the CONFLUENCE of "support and resistance"
- make sure your trades have the room to breathe
...
- Daily is NOT trending but it provide the intraday support and resistance for buy and sell,
- plus if you look at the CONFLUENCE of other "support and resistance" on your charts you will find some good trades
- observe price behaviour at the CONFLUENCE of "support and resistance"
- make sure your trades have the room to breathe
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,599
- Jul 16, 2025 6:44pm Jul 16, 2025 6:44pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
If any of you know something BASIC about trading the forex... that's helped you... post it for the benefit of others.. We have many newer traders it can help.
Post #670 above will answer a PM I received last night.
Q. is cowabunga part of Big E' TMS?
Answer:
1) Do Not confuse the thread' title with the trading method here. See post #5
2) COWABUNGA is not just a system name. It is also the trading concept of using confluence of indicators signals to pick trade setups. There are several variants of COWABUNGA trading systems going back more than 30 years.
3) If you have read and study Big E' 1485 posts and charts, you will see how he used the COWABUNGA concept in his system development. He did use the MACD and also the AO and AC indicators but dropped them to keep things simple in his belief.
You can make use of AI tools like ChatGPT and do your research and due diligence in any trading topicwhich can help you learn during your trading journey.
Example:
ChatGPT said:
COWABUNGA Forex Trading is a trend-following trading system designed primarily for the 1-hour (H1) timeframe and based on a combination of technical indicators. It became popular through forums like BabyPips, especially in their "School of Pipsology" and user-contributed strategies. The name "COWABUNGA" is informal and fun, but the system itself is structured and rule-based.
Overview of the COWABUNGA System:- Timeframe: 1-hour chart (often used on major currency pairs like EUR/USD, GBP/USD)
- Indicators Used:
- Exponential Moving Averages (EMAs):
- 5 EMA (close)
- 10 EMA (close)
- These are used to determine the trend direction.
- Stochastic Oscillator:
- Settings: 10, 3, 3
- Used to confirm entries (identifying overbought or oversold conditions).
- MACD:
- Standard settings (12, 26, 9)
- Used to confirm trend and filter false signals.
- Price Action / Candlestick Patterns:
- For visual confirmation of entries/exits.
- Exponential Moving Averages (EMAs):
Entry Criteria:
For Long Trades:
- 5 EMA is above 10 EMA (trend is up)
- Stochastic lines cross up from oversold region (below 20)
- MACD histogram is above zero (or MACD line is above signal line)
- Optional: bullish candlestick formation
For Short Trades:
- 5 EMA is below 10 EMA (trend is down)
- Stochastic lines cross down from overbought region (above 80)
- MACD histogram is below zero (or MACD line is below signal line)
- Optional: bearish candlestick confirmation
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #150,600
- Jul 16, 2025 7:04pm Jul 16, 2025 7:04pm
- Joined Nov 2008 | Status: Trader | 50,200 Posts
{quote} XAU July 16 New York session - nice move lower - MACD closes below zero level {image} ...
{image}
XAU July 16 sell trades closed
- sell only when Price Action and three indicators are aligned ...
- closed trades before the 'big news'
- stay away when 'big news'
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett