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Cornflower Hourly System

  • #341
  • Jun 16, 2007 12:31pm Jun 16, 2007 12:31pm
Felicia,I apologise for my STUPID post. I was reprimanded for my ignorance. I'm sorry for wasting your time and energy for even answering my post! I hope you'll allow me to add something of value to your thread,and I promise I won't post unless it DOES add value.As it turned out ,great minds think alike.You and Phillip stumbled upon something successful,something similar,but unique.Philip,to his credit aven made a 'get out of jail' posting for yours truly. I wish you both well, please forgive me and I hope you and Phillip and everyone else on this forum continue o share your expertise. Once again,I apologise for being so 'quick on the draw' probably cos I've been ripped off too many times in the past.
  • #342
  • Jun 16, 2007 12:32pm Jun 16, 2007 12:32pm
Quoting lever70
You have a lot of nerve coming into this thread and disrupting a productive discussion without a shred of evidence to support your claim. I don't use MACD or any indicators. How could this possibly be a rip off? It is an EMA retracement system.

I have used a 5M system in conjunction with Cornflower that is similar to what Phillip does on a 5M chart, but I developed it on my own before I even encountered his thread.

Shame on YOU. It is people like you that make internet forums a frustrating experience. You contribute nothing, and aim only to destroy. Go back to your cave and stay there.
I have answered this in my 4 Hour MACD system on page 344 post 5155.
Lots of pips next week to you all.
Phillip Nel
  • #343
  • Jun 16, 2007 4:49pm Jun 16, 2007 4:49pm
Quoting Doji Star
Felicia,I apologise for my STUPID post. I was reprimanded for my ignorance. I'm sorry for wasting your time and energy for even answering my post! I hope you'll allow me to add something of value to your thread,and I promise I won't post unless it DOES add value.As it turned out ,great minds think alike.You and Phillip stumbled upon something successful,something similar,but unique.Philip,to his credit aven made a 'get out of jail' posting for yours truly. I wish you both well, please forgive me and I hope you and Phillip and everyone else on this forum continue o share your expertise. Once again,I apologise for being so 'quick on the draw' probably cos I've been ripped off too many times in the past.
I can move past it. It's just frustrating when people do not appear to appreciate all the time that people put into developing their system threads. But I accept your apology.
  • #344
  • Edited 5:11pm Jun 16, 2007 4:59pm | Edited 5:11pm
Quoting MooMoo
well...cornflower method been great on GBP/JPY...

i try enter the market with 5M, too much of noise...which most of the time it will bounce at 21EMA(15M)...which i'm still holding my short@240... market is at 244 now..

been hedging these few days(+200pips) & looking for a divergence instead of a retracement...probably next week...

i'll still be using 5M with comfirmation of 15M crosses to place an order.

couldn't try out your new method just yet...gotta wait till i get a nice charting software cuz the one i am using now cant support....probably next month

Happy Weekend!!
MooMoo, I don't know why you hung around short for so long, and in a carry pair no less. The carry pairs abruptly resumed their uptrend, as they tend to do. This is why I'm usually wary of going short on JPY pairs. You should have been out when the trend reversed:

http://img443.imageshack.us/img443/5168/outeb8.gif

I hope you did not go short after the short EMAs flipped over.

You need to get out of this trade. The likelihood of seeing 240 again this week is nil. You can wait to see if it retraces back to the 24 EMA, but if it starts moving up again, get out, take the loss, and learn from the experience.
  • #345
  • Jun 16, 2007 5:01pm Jun 16, 2007 5:01pm
Quoting MizZu_X7
First of all, thanks to Lever70 for u'r great system i just want to sharing my experience using u'r cornflower system ...

i'm just a collage kid, so i use a micro lot coz i'm new to forex (about 2 months). a week ago, i learned a lot from this thread & kharvell's trades that using u'r system as well ... start to use it on thursday 14th June ....

using multiple charts of cornflower system i've learnt, i started to open position on thursday 14th June, and the next day which is friday 15th June , i added a profitable positions. so total positions is 10 trades in 2 day ... And the results :
in 2 days
8 Win, 2 loss ...
Total loss = -65 pips (closed)
Total profit = +974 pips. (still open)
Total P/L = +909 pips in 2 days ...

Thx Felicia & all traders who helped a lot so far in this thread

here's my trades screenshot :
Nicely done!
  • #346
  • Jun 16, 2007 5:24pm Jun 16, 2007 5:24pm
On the doji matter-- Both Felicia and Phillip Nell are people of integrity!!
I wish there was a way to stop the Doji's of the world that " shoot first, ask questions later" To doji's credit there was an apology issued and graciously accepted by felicia. Hopefully we can continue learning and share so we can all become better traders.
Amado
  • #347
  • Jun 16, 2007 10:13pm Jun 16, 2007 10:13pm
Quoting lever70
MooMoo, I don't know why you hung around short for so long, and in a carry pair no less. The carry pairs abruptly resumed their uptrend, as they tend to do. This is why I'm usually wary of going short on JPY pairs. You should have been out when the trend reversed:

http://img443.imageshack.us/img443/5168/outeb8.gif

I hope you did not go short after the short EMAs flipped over.

You need to get out of this trade. The likelihood of seeing 240 again this week is nil. You can wait to see if it retraces back to the 24 EMA, but if it starts moving up again, get out, take the loss, and learn from the experience.
hm...did tot of gettin out but not in losses...already lock my losses with double lot of long.....still earning from daily swap & long...
probably it will took a long time for it to go down to 240 but i'm not worried cuz my broker allow the trade to be open as long as there is still a usable margin available & its just 1 mini lot...

doesn't matter where it sway, i'm alwiz hedging on this pair & trade with mini lot only....
Never greed & never regret cuz tomorrow is another day!!
  • #348
  • Jun 17, 2007 3:38am Jun 17, 2007 3:38am
Hi Felicia,

I have just finished reading through your thread....it has motivated me to continue with my trading rather than throw in the towel. I have worked hard to achieve success but like many others have had mediocre results.

The lessons that I have learnt here is to take smaller profits, your charts show clearly using simple EMA’s, which way the market is moving with strength, you are correct in saying that most traders use far too many indicators and this causes uncertainty in their
minds.

I believe that your teaching of using the principle of compounding is a valuable one particularly for the younger traders who believe that every trade has to achieve maximum pips to make real money…..the key is to take small regular pips, in theory you can double your investment every week by just taking 20 pips per day from the market.

There is just one question…. because we are using actual price rather than a lagging indicator, once the smaller MA’s start to change direction and separate, do you then enter the trade on the first candle to close above the 72 EMA, I imagine this to be correct otherwise valuable pips would be lost waiting for the MA’s to cross the 72EMA?


Best Regards,

Glenn

  • #349
  • Jun 17, 2007 7:50pm Jun 17, 2007 7:50pm
Quoting lever70
You're very welcome. The 5M pictured is using the standard CF EMAs of 8-12-24-72. We're looking for alignment across all 4 charts. I will post more about this new way of using Cornflower this weekend.
Hoping to see more of this change in use- I gather we stay in the trade until all colors change to opposite color or our predetermined tp?
Amado
  • #350
  • Jun 17, 2007 8:48pm Jun 17, 2007 8:48pm
Quoting babypip
Hoping to see more of this change in use- I gather we stay in the trade until all colors change to opposite color or our predetermined tp?
Amado
That might be too long, depending on where you entered and how far the countertrend move has gone. You can use the profit bands, the 12-24 cross on the hourly, support and resistance, and the completion of the pair's average daily range (which would mean you would be in and out several times in a strong trend). Flattening EMAs on the hourlies are also a good exit signal. You want to try the anticipate the trend has likely exhausted itself.
  • #351
  • Jun 17, 2007 9:00pm Jun 17, 2007 9:00pm
hi felicia,

can u post more charts example please?
  • #352
  • Jun 17, 2007 9:14pm Jun 17, 2007 9:14pm
Quoting Cosmo II
the key is to take small regular pips, in theory you can double your investment every week by just taking 20 pips per day from the market.
But that would be over-leveraging yourself. You don't want to go crazy with the leverage.

Taking small pip gains daily is not for everyone. Some prefer to hold trades for larger pip gains so long as the trend is still in place. It's all a matter of one's style.

Quote
There is just one question…. because we are using actual price rather than a lagging indicator, once the smaller MA’s start to change direction and separate, do you then enter the trade on the first candle to close above the 72 EMA, I imagine this to be correct otherwise valuable pips would be lost waiting for the MA’s to cross the 72EMA?
Yes, that would be a good place to enter on the hourly, or the other charts for that matter.
  • #353
  • Jun 17, 2007 9:15pm Jun 17, 2007 9:15pm
Quoting sepak.orang
hi felicia,

can u post more charts example please?
What would you like an example of?
  • #354
  • Jun 17, 2007 9:47pm Jun 17, 2007 9:47pm
Quoting lever70
What would you like an example of?
the multi timeframe trade using fxsniper's ma that u posted earlier.
  • #355
  • Jun 18, 2007 8:53am Jun 18, 2007 8:53am
Felicia, sorry if i post my current trades here ... i just want to share my trades using u'r Cornflower System to everyone here ...

if u don't mind, i'll keep update my positons with the reason why i entered the trade & why i closed my trades ... btw thx for teaching all of us ...

today, i opened 5 positions ... the reason i buy all this pair because EMA 24 has crossed Ema 72 on 1H chart & 30M chart...

here's my current positions :
Attached Image
  • #356
  • Jun 18, 2007 10:32am Jun 18, 2007 10:32am
I have been playing around with the 5M chart using an 8 and 24 EMA... looks as if it may have possibilities, its a lot cleaner and easier to read than the 5/10/21/50.
  • #357
  • Jun 18, 2007 10:35am Jun 18, 2007 10:35am
hi guys,
i am new to cornflower thread. did some reading over the weekend. does this look like a good oppurtunity to go long. as pointed by the arrow.i am on the H1 chart your answers will be appreciated as i am trying to understand the system.
thankyou.
Attached Image (click to enlarge)
Click to Enlarge Name: cornflower.jpg Size: 37 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #358
  • Jun 18, 2007 10:52am Jun 18, 2007 10:52am
Quoting BIL2205
hi guys,
i am new to cornflower thread. did some reading over the weekend. does this look like a good oppurtunity to go long. as pointed by the arrow.i am on the H1 chart your answers will be appreciated as i am trying to understand the system.
thankyou.
Hi BIL2205,

i just wanna ask u, why do u sell on that trade ? because when i see that chart the Ema 24 is above Ema 72 and that means it's a Long Trade, am i right ???
  • #359
  • Jun 18, 2007 11:18am Jun 18, 2007 11:18am
Quoting MizZu_X7
Hi BIL2205,

i just wanna ask u, why do u sell on that trade ? because when i see that chart the Ema 24 is above Ema 72 and that means it's a Long Trade, am i right ???
sorry about that , it is a previous trade still open on my demo account .should have closed it before posting to avoid confusion. i am new to forex and am trying out diff strategies to see which one suits me best. so my question still remains if ignoring the SELL on my chart , according to cornflower system , is it a good position to go long. thanks.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #360
  • Jun 18, 2007 11:46am Jun 18, 2007 11:46am
Quoting BIL2205
sorry about that , it is a previous trade still open on my demo account .should have closed it before posting to avoid confusion. i am new to forex and am trying out diff strategies to see which one suits me best. so my question still remains if ignoring the SELL on my chart , according to cornflower system , is it a good position to go long. thanks.
Oh, sorry about that then btw Good Luck with u'r trading
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