Cornflower Hourly System

Quoting Pipskateer

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I just realized that I had described and posted charts for only ONE type of Cornflower entry....the conservative PULLBACK entry. There is also a more aggressive entry called the INITIAL entry. This involves a signal from the M30 chart where price action moves across the 72 EMA and a candle closes "with authority" (meaning the close was near the top or bottom of its range). Also, the 8/12/24 lines should already be stacked in correct order prior to crossing the 72 EMA following price action.

Here is a chart with an example.

http://www.creations4christ.com/fore...al%20short.gif

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Quoting Pipskateer

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I was going over the charts earlier and found this setup in progress, left over from the close of trading on Friday... I don't trade Fridays after about noon or so EST, so I didn't see it until today. Considering the weekend break, I'd wait for more confirmation that price was going to move UP before taking a position, but this signal meets the CF criteria. Note the final hammer candle with the very long wick. Also, you can see that price had deflected off the Daily R2 resistance level pivot point, came back down to the Daily R1 and then bounced back up, making the previous R1 a SUPPORT level now. These are good indications of where price might be headed when trading reopens, but I would have preferred an entry closer to the 166.50 area. Also, the higher TF charts support a long entry and several of the lower TF's do too. We'll see where it goes...

http://www.creations4christ.com/fore...0cf%20long.gif

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Quoting kevinsw

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What want to know is WHERE do I get those Excellent arrows? Those I can see and look great, they would make a nice arrow indicator for forex dummies like me.

kevin

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Quoting johnedoe

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what charting platform are you using?

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Quoting Pipskateer

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Hi Rjb,

Thanks for sharing your indicator. I think if they are used as "tools", indicators can be a very good thing to help us trade. It seems when we begin to rely on a particular indicator to do our trading for us is when we begin to get into trouble.

Having said that, I would like to suggest a couple things that you might consider adding to your indy for enhancements.

#1. Would be nice if there could be an arrow drawn UP or DOWN on the chart for when a "PULLBACK" trade signals on the H1 chart with either a touch or cross of the 12 EMA. Also, you could have another signal from the M30 chart for a Cornflower "INITIAL" entry at the close of a candle crossing the 72 EMA.

#2. Also have the option of having audible/pop-up alerts and email alerts for these signals with on/off toggle ability.

I think those additions would be helpful. Thanks again for sharing your work!

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Quoting lever70

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Hello all,

It's truly gratifying to see this thread moving forward. You are all doing an amazing job, both in trading the system and helping each other out. It is what I had hoped to see when I originally created the thread.

I will be answering all of your questions and PMs in the coming week as I return from hibernation. Many pips to all of you.

Best,
Felicia

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Quoting jafar00

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I'm truly astonished. My demo is up 240 pips in nearly 4 hours of trading. Using 20 pip targets watching 10 currency pairs and 6 currency futures.

Is it always this good?

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Quoting lever70

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Hello all,

It's truly gratifying to see this thread moving forward. You are all doing an amazing job, both in trading the system and helping each other out. It is what I had hoped to see when I originally created the thread.

I will be answering all of your questions and PMs in the coming week as I return from hibernation. Many pips to all of you.

Best,
Felicia

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Quoting yen44x

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MizZu,

Very impressive . . . super trading!

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Quoting MizZu_X7

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Thx to u i just using my old trading style = Follow the trend & Be patient ...

Keep up a good work too Yen44x, can't wait to see u'r trades result this week ...

Domo Arigato Gozaimasu ...

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Quoting Pipskateer

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Excellent results MizZu! Just to confirm, are these all Cornflower trades?

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Quoting rjb1024

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The market analysis methodology exposed by the cornflower system is a revelation to me. It has not yet transformed my trading results but it most certainly has transformed my perception of price action. I see the cornflower system as an analysis framework within which to view the market action. I am so grateful to lever70 (and you other contributors) for the quantum leap in my FX education. In the spirit of sharing, I have attached a mt4 EXPERT (not an indicator so put it in the experts folder) which will alert when a predefined ma is touched. The default ma is 12 but you can set it to anything. Upon ma touch, a sound (news.wav in sounds folder) will be played and an arrow drawn on the chart. I consider myself an average fx trader but a gun mt4 programmer so I am only too happy to enhance the EA with sensible features.
My mt4 setup comprises 2 profiles:
1. A Master profile with 10 pairs in tabs on H1 timeframe
2. A Detail_View profile with 4 mini windows on H1, M30, M15, M5
Using function key F5 in mt4, I can switch from Master to Detail_View and back again for any pair. This gives me a full screen H1 chart + 4 mini windows when needed with a single keypress.
Cheers
rjb

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Quoting rjb1024

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The market analysis methodology exposed by the cornflower system is a revelation to me. It has not yet transformed my trading results but it most certainly has transformed my perception of price action. I see the cornflower system as an analysis framework within which to view the market action.

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