Currently on short usd/chf @ 1.2136
Targeting 40pips down.
Targeting 40pips down.
Cornflower EA 69 replies
Simple Hourly System 4 replies
Special request: Can someone make a Cornflower EA for us? 24 replies
cornflower mq4 request. 1 reply
DislikedCan short usd/chf again here @ 1.2185
Long gbp/usd @ 2.0115
Long eur/usd @ 1.3595
Target 20pips for e/u and 40pips each for usd/chf and gbp/usd.Ignored
DislikedYour intuition may be 100% correct, but within the context of the Cornflower System, aren't the EMA's pointed in the wrong direction on all of these trades?Ignored
DislikedYour intuition may be 100% correct, but within the context of the Cornflower System, aren't the EMA's pointed in the wrong direction on all of these trades?Ignored
Dislikedpls look at the closed H1 candle in usd/chf and eur/usd chart.
A LONG SHADOW / WICK
I guess this is an action taken to flush out those weak e/u longs and weak usd/chf shorts.
If the current H1 candle closes above the 72EMA for e/u, I guess we could pretty much go long for the rest of the day and hopefully tommorrow.
This is my opinion only. You can have yours.Ignored
DislikedI absolutely respect your opinion, and wish you well on your trade.
The only intent of my question was in regard to whether this was an intuition trade or a Cornflower System signal?Ignored
DislikedPipskateer, you have done an amazing job with your charts. Way to go!Ignored
DislikedYour intuition may be 100% correct, but within the context of the Cornflower System, aren't the EMA's pointed in the wrong direction on all of these trades?Ignored
DislikedHi Yen44x,
I think you'd be hard pressed to find a situation where there was a Cornflower pullback signal without at least some reversal of the 12/24 EMA lines direction. This one just happened to also be a strong pullback well below even the 72 EMA. The danger with this trade was that it could have represented a full reversal had it continued. IMHO, a safer entry would have been to wait until the close of the NEXT 1H candle which turned out to be an inverted hammer which strongly signaled shortside exhaustion and the move upwards. Glad he made the 40 pips though, that's what counts!Ignored
DislikedMy main point was that in this case, on the GBP/USD trade for example, the 12 EMA had crossed the 24 EMA, which would be a signal to close a Long trade per the Cornflower method rather than open one. In addition, all of the EMA's were heading in the wrong direction for a Long signal, and had been for almost 24 hours.Ignored
DislikedIn regard to being "hard pressed" to find a Cornflower signal without some reversal of the 12/24 EMA's, take a look at the GBP/USD uptrend from 6/27 to about 7/3. There are numerous opportunities to enter Long without any reversals on the 60 MIN chart.Ignored
DislikedI usually don't comment on other's trades, because I've made more than my share of boneheaded trades. It takes courage to post trades on FF, because it inevitably invites criticism, so I applaud all who do so. My only point was that it didn't seem to conform to the Cornflower System on any time frame, and I was curious if I had totally missed something.Ignored
Disliked
Maybe "hard pressed" isn't the most appropriate term. However, without doing a backtest or count, I think more often than not, the 8, 12, and sometimes the 24 EMA's will dip or slightly reverse with price action.Ignored
DislikedWhat I like about this system is that we are all puritans, not wanting to change a system that clearly works with it's simplicity and near naked charts.
A question
Do any of you use limit orders set on MA levels to catch entries when looking at multiple currency pairs?
I did so this morning with g/u, 6b and e/u with the orders placed to sell on a 12ema touch. So far going good with each trade +10 or so.Ignored
DislikedYes. Paper trade the system. You will get a feel for the nuances of how to trade it without risking any money. There is a rhythm to the market that can be discerned through every day trading, even if it is only on demo. Better to figure this out on demo than with real money.Ignored
DislikedHey there Kev-K ... re paper-trading cornflower.
I have written a program which facilitates paper-trading a currency pair using historical M5 data exported from metatrader. You can pack 1 months trading into 2 evenings. Although I use mt4 data, the paper-trading charts use amibroker... pm me if you would like a copy! I have learned a lot from this thread so I am sharing some tools with you guys here.
Cheers
rjbIgnored