Cornflower Hourly System | Page 25 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

"Bagovino Method" VS "Cornflower Hourly System" 16 replies

Attachments: Cornflower Hourly System
Exit Attachments

Cornflower Hourly System

  • #481
  • Jun 28, 2007 3:11pm Jun 28, 2007 3:11pm
Congrats, Pipskateer!

What is it that you have at the top right corner of your chart? A set of indicator values, price, etc. Looks interesting. I know the bottom right one...

RisingSun
  • #482
  • Jun 28, 2007 4:35pm Jun 28, 2007 4:35pm
Hi Pipskateer,

Well done on your trades,its a great system.

Would you mind posting the indicator for the different time zones please.

Thanks
  • #483
  • Jun 28, 2007 9:12pm Jun 28, 2007 9:12pm
Thanks guys!

I've zipped together all the indicators I'm using on my charts which now also includes the latest Forex Factory Calendar indy and an Auto Pivot indicator that draws day/week/monthly pivot lines. I rearranged things a bit and you or someone else may like this setup, so I'm putting my template on here too. Feel free to use it if you like. Here's what it looks like now...

http://www.creations4christ.com/forex/gbpjpy-cf.gif

The pic looks a bit scrunched up due to resizing, but I have things spread out so it's actually nice and readable. Enjoy!

I booked +8 pips on a Aud/Usd trade today and I have two others still in the works. One Gbp/Jpy that is about +15 pips and a Gbp/Usd trade that is about -8 pips and hasn't really gone anywhere all day... Overall, not too bad. I missed a couple of better trades early this morning during the London session if I had been in front of the PC.

Well, back to the fun! Enjoy the indicators and many PIPS TO YOU!!
Attached File(s)
File Type: zip Pipskateer.zip   111 KB | 1,414 downloads
  • #484
  • Jun 28, 2007 9:37pm Jun 28, 2007 9:37pm
Thank you. Goodluck

Quoting Pipskateer
Thanks guys!

I've zipped together all the indicators I'm using on my charts which now also includes the latest Forex Factory Calendar indy and an Auto Pivot indicator that draws day/week/monthly pivot lines. I rearranged things a bit and you or someone else may like this setup, so I'm putting my template on here too. Feel free to use it if you like. Here's what it looks like now...

http://www.creations4christ.com/forex/gbpjpy-cf.gif

The pic looks a bit scrunched up due to resizing, but I have things spread out so it's actually nice and readable. Enjoy!

I booked +8 pips on a Aud/Usd trade today and I have two others still in the works. One Gbp/Jpy that is about +15 pips and a Gbp/Usd trade that is about -8 pips and hasn't really gone anywhere all day... Overall, not too bad. I missed a couple of better trades early this morning during the London session if I had been in front of the PC.

Well, back to the fun! Enjoy the indicators and many PIPS TO YOU!!
  • #485
  • Edited 11:11pm Jun 28, 2007 9:47pm | Edited 11:11pm
AUD/JPY provided a nice Cornflower trade at the start of today's Asian session.

I opened a Long trade at 104.22 with 2 lots. The first lot reached its target of 104.47 for a 25-pip gain. The stop loss on the 2nd lot is now at breakeven, with a TP of 104.62.
Attached Image (click to enlarge)
Click to Enlarge Name: aud-jpy-07-0628 (1000 x 625).jpg Size: 51 KB
Greetings from Guanajuato, Mexico
  • #486
  • Jun 28, 2007 11:13pm Jun 28, 2007 11:13pm
The 2nd lot of the AUD/JPY Long trade just reached the target price, for a total of 65 pips on the two lots.
Greetings from Guanajuato, Mexico
  • #487
  • Jun 29, 2007 1:22am Jun 29, 2007 1:22am
Quoting Pipskateer
Thanks guys!

I've zipped together all the indicators I'm using on my charts which now also includes the latest Forex Factory Calendar indy and an Auto Pivot indicator that draws day/week/monthly pivot lines. I rearranged things a bit and you or someone else may like this setup, so I'm putting my template on here too. Feel free to use it if you like. Here's what it looks like now...



The pic looks a bit scrunched up due to resizing, but I have things spread out so it's actually nice and readable. Enjoy!

I booked +8 pips on a Aud/Usd trade today and I have two others still in the works. One Gbp/Jpy that is about +15 pips and a Gbp/Usd trade that is about -8 pips and hasn't really gone anywhere all day... Overall, not too bad. I missed a couple of better trades early this morning during the London session if I had been in front of the PC.

Well, back to the fun! Enjoy the indicators and many PIPS TO YOU!!
thanks pipskateer for the templates. can u tell me how to change the local time since my local time is GMT+7. i already try to modify the clock v1.1 but it is not showing like the one on ur template..
please advise. thanks
  • #488
  • Jun 29, 2007 4:54am Jun 29, 2007 4:54am
Quoting yen44x
The 2nd lot of the AUD/JPY Long trade just reached the target price, for a total of 65 pips on the two lots.

Good Job
  • #489
  • Jun 29, 2007 6:37am Jun 29, 2007 6:37am
I opened the trade last night around .8478 and closed the trade this morning at second yellow line (.8491)
Not knowing the future, I chose to close because of previous S&R. IF price wouldn't have expanded so fast I would have kept in the trade, but I have found that rapid expansions retrace quicker.

At the time of this post I would still be in the trade, but that's 20/20 vision for you

When I closed this trade I entered the eur.usd trade using GMA method for + pips.

PH.
Attached Image
  • #490
  • Jun 29, 2007 9:23am Jun 29, 2007 9:23am
From the posting rules:

"All charts posted should be 600x600 or less. Larger charts will stretch the thread horizontally, making it difficult to read".

In addition, may I point out that charts with black background and dark-colored EMAs do not show up well. Light backgrounds with darker EMAs are MUCH easier to see.

I'm looking forward to the author's return. Some of the system rules are not entirely clear to me (though I'm ending the month in black numbers for the first time since I began trading live due to the Cornflower method) and I'm hoping Felicia will clarify them in a definitive way.

This is an excellent thread and thanks to all who continue to keep it alive.
Old Benjamin was right
  • #491
  • Jun 29, 2007 9:29am Jun 29, 2007 9:29am
Quoting Lou G
From the posting rules:

"All charts posted should be 600x600 or less. Larger charts will stretch the thread horizontally, making it difficult to read".

In addition, may I point out that charts with black background and dark-colored EMAs do not show up well. Light backgrounds with darker EMAs are MUCH easier to see.

I'm looking forward to the author's return. Some of the system rules are not entirely clear to me (though I'm ending the month in black numbers for the first time since I began trading live due to the Cornflower method) and I'm hoping Felicia will clarify them in a definitive way.

This is an excellent thread and thanks to all who continue to keep it alive.
Lou G,

I've been posting with a black background, but I agree it has not been very legible. I'll try a lighter background. Thanks for the hint.

One slight correction, though. Postings can now be as large as 700 x 1000.

Like you, this has been a profitable system for me so far, so I'm looking forward to Felicia's return also.
Greetings from Guanajuato, Mexico
  • #492
  • Jun 29, 2007 10:29am Jun 29, 2007 10:29am
Quoting eskelapa-forex
thanks pipskateer for the templates. can u tell me how to change the local time since my local time is GMT+7. i already try to modify the clock v1.1 but it is not showing like the one on ur template..
please advise. thanks
Hi Eskelapa,

You just have to keep playing with the first three settings on the inputs, Broker TZ, Local Tz, and DST. I am in EST and so is my MT4 demo broker (Tradex). My settings are:

Broker TZ: -4.0
Local Tz: -4.0
DST: True

Hope that helps...I don't have any documentation on the indy, sorry.
  • #493
  • Jun 29, 2007 10:46am Jun 29, 2007 10:46am
Here's my trades for the week using Cornflower and Jacko's overall trend-following philosophy:

8 Wins / 0 Losers

Eur/Usd: +52 pips
Eur/Chf: +58 pips
Eur/Chf: +18 pips
Eur/Jpy: +65 pips
Gbp/Usd: +15 pips
Gbp/Jpy: +70 pips
Usd/Jpy: +13 pips
Aud/Usd: +8 pips

TOTAL: +299 pips

I'm tickled "cornflower"!!
  • #494
  • Jun 29, 2007 10:48am Jun 29, 2007 10:48am
Quoting yen44x
Lou G,

I've been posting with a black background, but I agree it has not been very legible. I'll try a lighter background. Thanks for the hint.

One slight correction, though. Postings can now be as large as 700 x 1000.

Like you, this has been a profitable system for me so far, so I'm looking forward to Felicia's return also.
I wasn't aware of the change in posting rules for charts - thanks. As far as the lighter background thing; they're not only easier to read but some folks like to print the sample charts for offline reference - saves the black ink cartridge for those who do this.
Old Benjamin was right
  • #495
  • Jun 29, 2007 10:48am Jun 29, 2007 10:48am
Seems like the Jacko/Cornflower hybrid has been pretty good to some people around here. Can we see some Jacko trend charts, to get an idea of how linear the daily trend needs to be and over what time period?

Thanks.

P.S. Not trying to hijack the thread w/ Jacko's stuff, but am finding the Jacko combo adds a new dimension to Lever's system.
  • #496
  • Edited 7:27pm Jun 29, 2007 6:50pm | Edited 7:27pm
Hello Tdion,

After reading the Cornflower thread that led me over to Kharvell's thread, I eventually found Jacko's thread from that one. When I was done with all of that reading, I had the deepest impression that Cornflower would dovetail very nicely with Jacko's overarching trading principles. It seems to me that Cornflower is a very nice method of getting a visual representation of what Jacko does...trading WITH the trend and finding a good spot to get in. Jacko doesn't like EMA's or anything more than a 50% fibo line, support/resistance lines, trading at round numbers in price action, and buying the dips in the major trends. However, I like what I SEE with Cornflower and will use it along side all the other tools that work for ME...

I don't recall seeing any charts posted in Jacko's thread from what I recall, so I don't know what one would look like other than just a nice, smooth uptrend/downtrend on a Day/Week/Month chart. I prefer the nice, steady looking trend lines of about 30-60 degrees. But remember Jacko's definition of trends:

---------------------------------------------------------------------
DETERMINE THE TIME FRAME THAT YOU WANT TO TRADE.

1. If the graph on the chart starts in the bottom left hand corner and ends in the top right hand corner, the market is going UP.

2. If the graph on the chart starts in the top left hand corner and ends in the bottom right hand corner, the market is going DOWN.

3. If you are still confused, print it off and show it to a 5 year old...they will get it right EVERY time...LOL

The trend is the BEST friend you will ever have in the Forex market.

When you trade with the trend, even if you make a mistake, the market will get you out of your problem....If you make a mistake and you are fighting the trend ...YOU ARE STUFFED, BIG TIME !!!
-------------------------------------------------------------------------

I have personally been doing my trades with Jacko's trading principles in my head as I use and apply Cornflower. Also, I'm not strictly using Cornflower only on the 30M and 1H charts. I also use it on higher timeframes and will take trades from those as well, so long as there are multiple time-frames providing confluence. Also, if you identify a trade entry on the higher TF's, the lower TF's can help you dial it in a bit so you can maybe avoid having to suffer a drawdown until the trade goes your way.

I generally will look at a pair from the Monthly chart downward to get the long term bias for the pair. Then as I move downward to shorter TF's, I try to find a Cornflower setup, usually in 1H or 30M if I can, but will also take a CF signal on the H4 or daily chart. Someday, I hope to be trading from the Weekly and Monthly charts with longer term positions, but not until I gain a bit more confidence in what I'm doing and how I'm reading the signals. So far, so good, but its very early in the process...
  • #497
  • Jun 29, 2007 7:03pm Jun 29, 2007 7:03pm
[quote=tdion;1481131]Seems like the Jacko/Cornflower hybrid has been pretty good to some people around here. Can we see some Jacko trend charts, to get an idea of how linear the daily trend needs to be and over what time period?
quote]

Hi Tdion,

Jacko explains it pretty well, but I personally use the same template on the 4hr and really not even that. I use trendlines starting on the monthly and this is how it goes.
Monthly - Dotted line (red)
Weekly - Solid (red)
Daily - Yellow
4hr - Blue

I then look for support and resistance areas. What I have done and seems to work well is during my back tests of different ideas is, I go back at least 2 years of data. While I am doing my tests, I place an infinity parallel line at major areas of S&R and leave them be.
Sometimes price will hit those months later, well be on your one or two monitors and you will be the wiser.

Or if you use a different chart service for testing and trading, just jot down the S&R numbers and then place them on your chart. Many times they are whole numbers.

I feel more comfortable and profitable going in the direction of the Red lines. I will still trade the blue and yellow if they are going in opposite direction, but I will be less tolerant of trade if it goes against the Reds.

Hope that helped,
PH
  • #498
  • Jun 29, 2007 10:59pm Jun 29, 2007 10:59pm
Quoting Pipskateer
Hi Eskelapa,

You just have to keep playing with the first three settings on the inputs, Broker TZ, Local Tz, and DST. I am in EST and so is my MT4 demo broker (Tradex). My settings are:

Broker TZ: -4.0
Local Tz: -4.0
DST: True

Hope that helps...I don't have any documentation on the indy, sorry.
Thank you for your help. it is working now my place is gmt+7
DST : false but i don't know my broker TZ
does anybody here know what the TZ for liteforex?
  • #499
  • Edited Jun 30, 2007 11:05pm Jun 29, 2007 11:35pm | Edited Jun 30, 2007 11:05pm
G'day all.
Great thread! Thanks Lever and all contributors for the knowledge shared. In the spirit of sharing I have attached version-1 of my mt4 indicator which plots all 4 ma's on a chart. Apologies if someone has already contributed a similar one. This one includes ma color change feature.

Cheers ... rjb (Australia)
Attached File(s)
File Type: mq4 cornflower.mq4   3 KB | 1,150 downloads
  • #500
  • Jun 30, 2007 7:16am Jun 30, 2007 7:16am
Another GREAT week for Cornflower and Fibonnacci. I substituted fibo emas 8 13 21 55 and 144. They worked great with my Cable trades all week. I am now looking at fibo emas 233 and 377 to see if they catch retracements. Check out cable and the fibo emas!
0 traders viewing now