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Cornflower Hourly System

  • #361
  • Jun 18, 2007 6:48pm Jun 18, 2007 6:48pm
Quoting MooMoo
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...
Quoting MooMoo
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....


I'm having trouble following what you are doing here. I don't advocate hedging, but if it works for you, who am I to say?
  • #362
  • Jun 18, 2007 6:55pm Jun 18, 2007 6:55pm
Quoting sepak.orang
hi felicia,

can u post more charts example please?
Here is what you don't want:

http://img256.imageshack.us/img256/5...admultipi4.jpg

5M is not aligned with the other charts. EMAs on 15m and 30m are flatterning out. This is a no trade. If the 5M were to turn green with some authority, we might have an entry.

Better:

http://img261.imageshack.us/img261/2...multicfmd7.jpg

We would want the 5M to turn green here. This is a solid trend that is simply pulling back at the moment. You will see when it's clear cut. The candles start moving above the EMAs with authority and you can enter. Again, I think it's pretty intuitive.
  • #363
  • Jun 18, 2007 7:00pm Jun 18, 2007 7:00pm
Quoting MizZu_X7
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 ..
Please post your trades. I would like more people to do this, actually. I am a bit exhausted, and the recent negative posts have frankly bummed me out. I'm therefore going to take a break from posting for a few days. In the interim, please discuss amongst yourselves. This is the only way the thread can continue to be educational; I can't do it all.

Best to all for now.
  • #364
  • Jun 18, 2007 7:12pm Jun 18, 2007 7:12pm
thanks again for the charts above. it explains a lot. and give me a clearer view on this mtf approach. thanks.
  • #365
  • Jun 18, 2007 9:18pm Jun 18, 2007 9:18pm
Quoting lever70
Please post your trades. I would like more people to do this, actually. I am a bit exhausted, and the recent negative posts have frankly bummed me out. I'm therefore going to take a break from posting for a few days. In the interim, please discuss amongst yourselves. This is the only way the thread can continue to be educational; I can't do it all.

Best to all for now.
Thx Felicia, then i'll keep post my trades here. Hope with my trade that using u'r method can help a lot of people here to learn something ...

btw, Have a great Weekend Felicia ...
  • #366
  • Edited 11:55am Jun 19, 2007 10:53am | Edited 11:55am
Ok, due to a flat on 15M & 30M Charts so i closed my USD JPY position for +9 pips.

Maybe i'll close some trades tomorrow because if we look on the 15M & 30M, it's near time to exit the trade. i'll keep post my results ...

btw, Here's My Current Trades :
Attached Image
  • #367
  • Edited 11:59am Jun 19, 2007 11:53am | Edited 11:59am
Congratulations to Felicia and the posters on this thread for a really good approach to the market! I feel that I am learning a lot from all of you.

I entered EURJPY this morning at 165.50, when the 5, 15, and 30 min prices crossed the lower averages. I'm going to try to post the charts and would appreciate your opinions. The average marked in bold is a 120 period and seems to be useful, especially in the lower minute charts. Thank you all!

--Tony

I also want to add that I'm targeting 166, just below the previous high.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy4views.jpg Size: 76 KB
  • #368
  • Jun 19, 2007 12:42pm Jun 19, 2007 12:42pm
Felicia,

Don't let the negative vibes get you down.

I've been trading for a few years and have always had problems with trading retracements.

I've learned more from your thread in a week about this method of trading than I was ever able to on my own.

Attached are some results for this week . . . up over 400 pips on a demo account as I work out the nuances of your system.

Thanks!
Attached File(s)
File Type: doc Ticket.doc   128 KB | 787 downloads
Greetings from Guanajuato, Mexico
  • #369
  • Jun 19, 2007 1:28pm Jun 19, 2007 1:28pm
Quoting yen44x
Attached are some results for this week . . . up over 400 pips on a demo account
Thank you for posting your impressive results. It really is a solid method
that will no doubt continue to yield good results and grow in popularity.


FXS
  • #370
  • Jun 19, 2007 1:41pm Jun 19, 2007 1:41pm
I'm a noobie in FX, and have been studying various threads since March.
Having followed this thread from the beginning, loaded up MT4 with the templates, studied the charts, read and re read my notes....I took the plunge this morning on Cable.
Seeing a pullback starting on the H1, with 20 mins left of the hour, I anticipated the price would go back to the 12ema and duly placed a limit buy order at that level - 1.9843. The order was filled (I had placed a stop @ 20 pips) and the price went on up after first touching the 24ema. I exited this evening @ 35pips gain....

Felicia - thankyou for sharing this approach - I like its simplicity and it has helped to clear my head which was becoming overwhelmed with multifarious indicators,etc. I do recognise the need to be aware of trendlines and S/R which can help set short term targets.
Don't let the negative posts get you down - people who want to be successful at FOREX appreciate your time.
Enjoy your break and relax in the meantime.

.....B
  • #371
  • Jun 19, 2007 3:16pm Jun 19, 2007 3:16pm
Hi Everyone:

I closed out EURJPY for 12 pips at 19:18 gmt. Reason was that USDJPY was staying close to its low, and EURUSD seemed to be having strong resistance at 1.3420/30. Since it was a slow part of the day, I thought it was best to get out before a break to the downside made me so very, very sad!

Thanks again to Felicia! I appreciate your hard work on our behalf. - Tony
  • #372
  • Jun 19, 2007 8:34pm Jun 19, 2007 8:34pm
I have a bad trade this week ... but don't worry, be happy today i add more positions on GU because there's no sign ema 8 & 12 crossed ema 24 ... btw here's my closed trades :

Closed Trades :

EUR CHF = -17 pips (ema 8 & 12 Crossed ema 24 on 1H chart)
CHF JPY = -10 + 5 = -5 pips (ema 8 & 12 Crossed ema 24 1H chart)
EUR JPY = -27 + 39 = +12 pips (ema 8 & 12 Crossed ema 24 1H chart)
GBP JPY = -8 + 117 = +109 pips (Due to a flat 15M & 30M)

P/L This week : +108 pips
  • #373
  • Jun 19, 2007 8:37pm Jun 19, 2007 8:37pm
Quoting yen44x
Felicia,

Don't let the negative vibes get you down.

I've been trading for a few years and have always had problems with trading retracements.

I've learned more from your thread in a week about this method of trading than I was ever able to on my own.

Attached are some results for this week . . . up over 400 pips on a demo account as I work out the nuances of your system.

Thanks!
Hai yen44x,

Wow, u'r results is amazing, this week +400 pips do u trade every cross on H1 ? or only with Daily Trend ?

Congratulations yen44x
(i hope i can be like u someday , a pro trader )
  • #374
  • Jun 19, 2007 8:49pm Jun 19, 2007 8:49pm
Quoting MizZu_X7
Hai yen44x,

Wow, u'r results is amazing, this week +400 pips do u trade every cross on H1 ? or only with Daily Trend ?

Congratulations yen44x
(i hope i can be like u someday , a pro trader )
MizZu,

Thanks for the kind words. The markets have a way of keeping us humble, so we'll see how I'm doing at the end of the week.

In regard to trading style, I'm primarily using the 1-hour chart and strictly trading retracements to the 12 & 24 EMA per the Cornflower system. Felicia's post 362 was a big help in visualizing what to look for.

Good luck!
Greetings from Guanajuato, Mexico
  • #375
  • Jun 20, 2007 12:24am Jun 20, 2007 12:24am
Quoting MizZu_X7
Hai yen44x,

Wow, u'r results is amazing, this week +400 pips do u trade every cross on H1 ? or only with Daily Trend ?

Congratulations yen44x
(i hope i can be like u someday , a pro trader )
MizZu,

Just to elaborate a little more on what I'm doing . . . I'm just trying to follow the Cornflower system as closely as possible . . . nothing more, nothing less.

I tend to look at possible trades twice a day: around 10 a.m. EST, when prices seem to have a tendency to retrace and offer some entry points before resuming the trend, and then again around 4 to 7 pm EST, as Felicia suggested, when trading slows down.

I've attached a chart to show you one of this week's trades. My Long entry is highlighted. It's nothing fancy . . . just following the rules as I understand them.
Attached Image
Greetings from Guanajuato, Mexico
  • #376
  • Jun 20, 2007 3:31am Jun 20, 2007 3:31am
Quoting MizZu_X7
I have a bad trade this week
From what you have posted it still looks like you are booking profit for this week.
If you posted charts that went bad they can be looked at by this thread for analysis.

We are only mid-week and early in Euro session. There are a few pair that look like they are asking to be bought.

Plenty of time to trade.
  • #377
  • Jun 20, 2007 5:55am Jun 20, 2007 5:55am
Quoting yen44x
MizZu,

Just to elaborate a little more on what I'm doing . . . I'm just trying to follow the Cornflower system as closely as possible . . . nothing more, nothing less.

I tend to look at possible trades twice a day: around 10 a.m. EST, when prices seem to have a tendency to retrace and offer some entry points before resuming the trend, and then again around 4 to 7 pm EST, as Felicia suggested, when trading slows down.

I've attached a chart to show you one of this week's trades. My Long entry is highlighted. It's nothing fancy . . . just following the rules as I understand them.
about u'r trading time,i wonder what time 10am EST if convert to GMT ?

Correct me if i'm wrong, so on 1H charts before u entry for another positions u always wait for the pullback to ema 8 & ema 12 when trading slow down ? coz u said before that the price will resuming the trend after that ...

Thx for u'r explanations yen4xx ...
Good Luck
  • #378
  • Jun 20, 2007 6:02am Jun 20, 2007 6:02am
Quoting pip_hunter
From what you have posted it still looks like you are booking profit for this week.
If you posted charts that went bad they can be looked at by this thread for analysis.

We are only mid-week and early in Euro session. There are a few pair that look like they are asking to be bought.

Plenty of time to trade.
Ok thanks pip_hunter, good idea. next time i'll post the charts , i hope we can analyse it on this thread in order to get more experience & sharing strategy to other member about why we entry / exit that trade ..

thx once again
  • #379
  • Jun 20, 2007 8:10am Jun 20, 2007 8:10am
Quoting MizZu_X7
Ok thanks pip_hunter, good idea. next time i'll post the charts , i hope we can analyse it on this thread in order to get more experience & sharing strategy to other member about why we entry / exit that trade ..

thx once again
Ok
  • #380
  • Jun 20, 2007 9:08am Jun 20, 2007 9:08am
Quoting MizZu_X7
about u'r trading time,i wonder what time 10am EST if convert to GMT ?

Correct me if i'm wrong, so on 1H charts before u entry for another positions u always wait for the pullback to ema 8 & ema 12 when trading slow down ? coz u said before that the price will resuming the trend after that ...

Thx for u'r explanations yen4xx ...
Good Luck
MizZu,

I believe 10 am EST converts to 1500 (3 pm) GMT. Someone can correct me if I'm wrong.

The other time I look at the markets is 000 to 300 GMT, when trading is fairly slow.

Just to clarify, I wait for a pullback to at least the 12 EMA, but never open a trade based on pullback to just the 8 EMA.

Hope that helps.
Greetings from Guanajuato, Mexico
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