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Cornflower Hourly System

  • #161
  • May 11, 2007 11:28am May 11, 2007 11:28am
Hi. I'm new here. Wanted to say that the cornflower system got my attention a couple of weeks back. I've been reading the threads. I'm a year behind (still reading previous post). Looks simple to use--great for me--but I need a little help on the entry, the timing. Appreciate your help.

Thanks, Felicia, for posting the cornflower. Hopefully the trend can be my friend. I had a habit of going against the trend since I try to look for tops and bottoms.

Have a good day.

James "stickers"
  • #162
  • May 11, 2007 11:29am May 11, 2007 11:29am
to be able to only apply to hour table (1H)?
or possible to work also with 5min, 15min, etc…?

best regards
eagle
italy
  • #163
  • May 11, 2007 11:48am May 11, 2007 11:48am
Quoting eagle
to be able to only apply to hour table (1H)?
or possible to work also with 5min, 15min, etc…?

best regards
eagle
italy
Hourly and 30M. Please read the rules in the first post. I do not recommend using Cornflower on 5M.
  • #164
  • May 11, 2007 5:54pm May 11, 2007 5:54pm
hello, for the method to 1M SCALPING, what to use in order to exit?
best regards
Attached Image (click to enlarge)
Click to Enlarge Name: 1mintf0.gif Size: 19 KB
  • #165
  • May 11, 2007 7:10pm May 11, 2007 7:10pm
Quoting eagle
hello, for the method to 1M SCALPING, what to use in order to exit?
best regards
I don't want to discuss scalping in this particular thread. Let's please stay on topic. The guppy, when used in conjunction with Cornflower, is intended as an alternative timing system to the 5M template (see posts 71 and 89). Although it can be used to scalp, that isn't what this system is about. If you want to use it that way, you'll have to determine your own exit criteria. But scalpers are only looking for a few pips. When you have them, you exit. That's it. And that's the last I will say about scalping here.
  • #166
  • May 11, 2007 7:14pm May 11, 2007 7:14pm
Quoting stickers
Hi. I'm new here. Wanted to say that the cornflower system got my attention a couple of weeks back. I've been reading the threads. I'm a year behind (still reading previous post). Looks simple to use--great for me--but I need a little help on the entry, the timing. Appreciate your help.

Thanks, Felicia, for posting the cornflower. Hopefully the trend can be my friend. I had a habit of going against the trend since I try to look for tops and bottoms.

Have a good day.

James "stickers"
The "other" James here did a nice job of depicting entries in post #83. I think if you re-read the rules while looking at the chart you will be more clear on entries. I have some entry examples that I thought I posted with charts, but obviously didn't. I will get to it over the weekend.
  • #167
  • May 11, 2007 8:07pm May 11, 2007 8:07pm
It is always great when someone shares a system that works. Also great to see it work on charts. Thanks for sharing. Best of luck and success to everyone.
  • #168
  • May 11, 2007 11:20pm May 11, 2007 11:20pm
Goodevening, Felicia. Thanks for replying. Hope everything is well with you.

Please look at the diagram and check to see if you think I'm understanding it correctly. I copied your 5m from post#89 and placed comments on it. And by "supported" by 21, you mean it is under both the 8 and 12, and in an upward direction on the 1-hr chart.

James "stickers"
Attached Image
  • #169
  • May 11, 2007 11:38pm May 11, 2007 11:38pm
Quoting stickers
Goodevening, Felicia. Thanks for replying. Hope everything is well with you.

Please look at the diagram and check to see if you think I'm understanding it correctly. I copied your 5m from post#89 and placed comments on it. And by "supported" by 21, you mean it is under both the 8 and 12, and in an upward direction on the 1-hr chart.

James "stickers"
Beautifully done, James. In fact, those are the exact places I would enter. There's also the final short entry before the trend reverses. One thing, you mean to say the 24 EMA supports the 8 and the 12 on the hourly. The 21 EMA is on the 5-min chart only, but it serves the same function for the 5 and 10 EMAs.
  • #170
  • May 12, 2007 2:44am May 12, 2007 2:44am
Thank you. I'll be trying it next week. I'll let you know how I do or should I say how friendly the market will be to me.

Hope you have a Good week.

James "stickers"
  • #171
  • May 13, 2007 1:57am May 13, 2007 1:57am
"You will have a chance at a profitable transaction."

Good to know.
  • #172
  • May 13, 2007 10:27pm May 13, 2007 10:27pm
I'm looking at EurUsd 1-hr. and waiting for it to retrace to 12-24 EMA before I switch to 5m chart for a buy.

I'm grateful for life and all the chances I get.

Hope you have a great day.

James "stickers"
  • #173
  • May 14, 2007 2:00pm May 14, 2007 2:00pm
What's the basis for grading on this forum ? When I started following this thread it was rated 5 star. Suddenly it's 4, who decides and on what basis ?
  • #174
  • May 14, 2007 3:04pm May 14, 2007 3:04pm
Quoting bundubill
What's the basis for grading on this forum ? When I started following this thread it was rated 5 star. Suddenly it's 4, who decides and on what basis ?
My sentiments exactly! 5-star or bust, yo.
  • #175
  • May 14, 2007 9:30pm May 14, 2007 9:30pm
Hi. It's back to Five-Star...the way it should be. I think it's the last vote that was made. I'm guessing only because I just voted Five-Star and now it shows 5-star.

Hope you have a good day.

James "stickers"
  • #176
  • May 14, 2007 10:38pm May 14, 2007 10:38pm
Quoting stickers
Hi. It's back to Five-Star...the way it should be. I think it's the last vote that was made. I'm guessing only because I just voted Five-Star and now it shows 5-star.

Hope you have a good day.

James "stickers"
You the man!

I think the thread was downvoted because I annoyed some folks with my prickly proffy personality. Whatever...that's who I am. 4-star, 5-star, all the matters is that we have consistently profitable trades.

Right now I am up 5 on USDCAD (short). I am going to play this one longer-term because the setup is sweet; another test of 1.10 looks probable. Also, I need some sleep and am not in the mood to check the market every 5 seconds today.

I don't think I'll have time for the nightly review...it's just too much to do. Perhaps a weekly review is more feasible.
  • #177
  • May 15, 2007 4:34am May 15, 2007 4:34am
Quoting lever70
You the man!

I think the thread was downvoted because I annoyed some folks with my prickly proffy personality. Whatever...that's who I am. 4-star, 5-star, all the matters is that we have consistently profitable trades.

Right now I am up 5 on USDCAD (short). I am going to play this one longer-term because the setup is sweet; another test of 1.10 looks probable. Also, I need some sleep and am not in the mood to check the market every 5 seconds today.

I don't think I'll have time for the nightly review...it's just too much to do. Perhaps a weekly review is more feasible.
you're pips in!
  • #178
  • May 15, 2007 4:39am May 15, 2007 4:39am
Quoting lever70
You the man!

I think the thread was downvoted because I annoyed some folks with my prickly proffy personality. Whatever...that's who I am. 4-star, 5-star, all the matters is that we have consistently profitable trades.

Right now I am up 5 on USDCAD (short). I am going to play this one longer-term because the setup is sweet; another test of 1.10 looks probable. Also, I need some sleep and am not in the mood to check the market every 5 seconds today.

I don't think I'll have time for the nightly review...it's just too much to do. Perhaps a weekly review is more feasible.
Hi Felicia,

I live in GMT so I missed a lot of this move (got up late) but it's going to be worth staying up all night if you're going to offer advice of this quality on a regular basis. When you get time it would be extremely helpful if you would explain why this one seemed so right for a longer term trade.

Thanks
  • #179
  • May 15, 2007 12:47pm May 15, 2007 12:47pm
I did one for today for my own purposes, so here it is. I am particularly interested in EURUSD, GBPUSD, GBPJPY, and USDCAD. All of these pairs appear to be moving back in the direction of the long-term trend. Please don't construe anything I say as trading advice, etc etc.

Major pairs
GBPUSD and EURUSD – Finally broke out to upside after initial weak reaction to US CPI. These are great examples of how the major trend tends to reassert itself with authority. Appears to be an aggressive long with shallow pullbacks. Buy in 8/12 area.


USDCHF – resumption of downtrend, looks like a good short in 8/12 area.


USDCAD – Went lower as I expected. A short on a 12/24 EMA pullback.


AUDUSD – broke out to upside. A buy in the 12/24 EMA area.


NZDUSD – This pair has seen its uptrend weaken lately but has risen today on the dollar selling. Wait for pullback and be vigilant as it approaches the highs.


Yen
USDJPY -- Initial short signaled. Wait for follow through before trading.


EURJPY – Making new highs again, ho-hum. Buy in 12/24 area.


GBPJPY – Shot up today. But in 12/24 area.


AUDJPY – Back over 100 but looks anemic. Other pairs look more lucrative.


CADJPY – An overlooked pair that moves well. Strength of CAD should be taken advantage of. Buy in 12 EMA area.


CHFJPY – the weakest of the carry trades, is now trending back up.


NZDJPY – Is sitting on the short EMAs right now, but the jitteriness in the market over kiwi would make me think twice about trading this pair.


Other crosses
AUDNZD – Blah.


EURAUD – Emerging long


EURCAD – Short @ 24 EMA


GBPCHF – in good short position now at 24 EMA


EURCHF – moving opposite to GBPCHF, has bounced off 24 EMA
  • #180
  • May 15, 2007 12:58pm May 15, 2007 12:58pm
Quoting bundubill
Hi Felicia,

I live in GMT so I missed a lot of this move (got up late) but it's going to be worth staying up all night if you're going to offer advice of this quality on a regular basis. When you get time it would be extremely helpful if you would explain why this one seemed so right for a longer term trade.

Thanks
It just had the right stuff. The best longer term entries gradually but steadily move in their intended direction. Movements that occur at steep angles can pull back just as steeply and then reverse. The angle of the EMAs, with the steady downard movement, made this look as visually appealing as possible. It's something you get a feel for when you have traded a system for a while.

I won't be making calls regularly, so get your sleep! But I will try and alert the board when something looks particularly good. Just make sure you are subscribed to the thread for instant email updates.
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