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Cornflower Hourly System

  • #601
  • Edited 5:07pm Jul 10, 2007 4:06pm | Edited 5:07pm
I started off this week with a big thud. I placed Long trades on EUR/CHF, USD/JPY & EUR/JPY during the Monday Asian session, and all 3 trades were losers. That's the first time that's happened to me on the Cornflower System, so it may have been faulty trade analysis or simply the end of the trend that was in place.

On a brighter note, I placed a NZD/JPY trade during yesterday's Asian session that returned some pips, so upward and onward.

On a way brighter note, I've been Short GBP/JPY since 7/6 at 247.97, so up over 200 pips on my real-money account as this is written. This was not based on a Cornflower trade, but could have been this morning on a 30 MIN "Initial Entry" trade setup.


Here's the NZD/JPY trade chart:
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-jpy-07-0710 (1000 x 700).jpg Size: 52 KB
Greetings from Guanajuato, Mexico
  • #602
  • Jul 10, 2007 5:12pm Jul 10, 2007 5:12pm
Here's the GBP/JPY trade that was possible this morning per the 30 MIN "Initial Entry" rules.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-jpy-07-0710 30 MIN (1000 x 700).jpg Size: 51 KB
Greetings from Guanajuato, Mexico
  • #603
  • Jul 11, 2007 1:49am Jul 11, 2007 1:49am
I'm suprised there werent hardly any posts after the NY session on a day like yesterday. Either people were too sad to post after getting their pockets emptied or haven't stopped danicng around after having their pockets filled.
  • #604
  • Jul 11, 2007 3:59am Jul 11, 2007 3:59am
Hi, as far as I can see, there is a clear signal to go long in EURUSD. But, there is the yesterday's peak in Euro vs. USD. What you experienced traders do in such a case?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_2007-07-11.jpg Size: 17 KB
-pta-
  • #605
  • Jul 11, 2007 3:08pm Jul 11, 2007 3:08pm
Has anyone got a handle on what SL to use for smaller moves. I am trading on the one hour charts and do well when I can watch the chart movement. I take between 10 an 20 pips per trade. I stop my trades out manually. Someone was using TP 20, SL 10 is this good to use??

Anyone have a suggestion for these smaller moves SL settings??

FYI: I think it has been fairly well established that in letting your profit run the SL of 50 works.

generalz
  • #606
  • Jul 11, 2007 4:55pm Jul 11, 2007 4:55pm

Thanks all the posters, this has been the great thread.
This had changed the concept of looking towards the MAs.
people are always talking of ma crossovers . This thread shows how to look at the price action in real . and how MAs are acting as support/resistance.

I am very new to forex.

Hope you seniors will advice what direction can be taken in a situation expressed by the attached chart.

Thanks a lot to lever to contribute such a great set upl

Attached Image (click to enlarge)
Click to Enlarge Name: Euro.JPG Size: 42 KB
  • #607
  • Jul 11, 2007 5:12pm Jul 11, 2007 5:12pm
this is cable chart for the same time.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 55 KB
  • #608
  • Edited 7:39am Jul 12, 2007 7:26am | Edited 7:39am
I don't know much yet but in this case I would take no position. Look at message #362 by lever70. But I can be wrong.
-pta-
  • #609
  • Jul 12, 2007 3:02pm Jul 12, 2007 3:02pm
Quoting ptaczek
I don't know much yet but in this case I would take no position. Look at message #362 by lever70. But I can be wrong.
Correct. That's a no trade.
  • #610
  • Jul 12, 2007 10:47pm Jul 12, 2007 10:47pm
anybody have an indicator that can alert when moving averages are touched? i am looking for one that can allow input for 3-5 avgs and the type of avg calc.
thx.
  • #611
  • Jul 13, 2007 2:25am Jul 13, 2007 2:25am
Quoting fx_ninja
anybody have an indicator that can alert when moving averages are touched? i am looking for one that can allow input for 3-5 avgs and the type of avg calc.
thx.
It shouldn't be a big deal to write one. At least for me as a coder. And Im 90% sure there already is such an indicator. If not, tell me and I could try to fix some time to write one for you.
-pta-
  • #612
  • Jul 13, 2007 2:57pm Jul 13, 2007 2:57pm
Quoting ptaczek
It shouldn't be a big deal to write one. At least for me as a coder. And Im 90% sure there already is such an indicator. If not, tell me and I could try to fix some time to write one for you.
That would be great for me with 18 forex charts and futures up, I sometimes miss some great entries.

Perhaps an indicator that has a choice of which MA touch to alert?
I could then go and look at the chart and decide if it's worth it to enter. Such an alert can't be too hard to do although I'm not a real programmer (just a little basic C)

A couple bad days here on cornflower for me but more than made up for by the great days. Rock On Cornflower!
  • #613
  • Jul 13, 2007 4:37pm Jul 13, 2007 4:37pm
Quoting ptaczek
It shouldn't be a big deal to write one. At least for me as a coder. And Im 90% sure there already is such an indicator. If not, tell me and I could try to fix some time to write one for you.
Do you know a place explaining how to write the indicator codes?

Thnx!
  • #614
  • Jul 13, 2007 7:06pm Jul 13, 2007 7:06pm
Quoting ptaczek
It shouldn't be a big deal to write one. At least for me as a coder. And Im 90% sure there already is such an indicator. If not, tell me and I could try to fix some time to write one for you.
It has already been done - look back in this thread, the indicator is called Cornflower EA.
Old Benjamin was right
  • #615
  • Edited 2:53am Jul 14, 2007 2:53am | Edited 2:53am
Quoting Lou G
It has already been done - look back in this thread, the indicator is called Cornflower EA.
Oh Yes. Silly me. I guess the name of it confused me. If it's an indicator not an EA as such it should work. I generally distrust EAs so I ignored it.
Page 37 if anyone else is looking.
  • #616
  • Jul 14, 2007 10:53am Jul 14, 2007 10:53am
thx. here is one that i have but it does not offer the full functionality that i am looking for. it only lets you choose 1 period for an EMA.

I would like 3-5, and to be able to choose the type (ema, sma, wma, etc...)
also- Since a pullback after a long run could take several hours or more, a beep control to be triggered within X amount of pips from the MA would be helpful. that way you could be pre-alerted to a potential touch of the MA.


Quoting ptaczek
It shouldn't be a big deal to write one. At least for me as a coder. And Im 90% sure there already is such an indicator. If not, tell me and I could try to fix some time to write one for you.
Attached File(s)
File Type: ex4 cornflowerEA.ex4   3 KB | 825 downloads
File Type: mq4 cornflowerEA.mq4   3 KB | 1,029 downloads
  • #617
  • Jul 15, 2007 8:18am Jul 15, 2007 8:18am
TH fx_ninja
  • #618
  • Jul 15, 2007 3:42pm Jul 15, 2007 3:42pm
Quoting rjb1024
No problem...
Attached is version-2 which includes an optional Alert.
Its just a ma-touch expert and is not intended to implement Dave's (lever70) guidelines.
Cheers
I clicked on the link cornflowerEA.mq4, but it will not open. I need to know the program to open it. Can someone help me out? Thanks.
"Trading is a mental sport." - Ziad Masri
  • #619
  • Jul 16, 2007 3:48am Jul 16, 2007 3:48am
Sorry for my question (am still a newbie): after I've download the signal in my platform, how do use it? The instruction doesn't appear in my EA but I have the coded signal in my MetaEditor.
  • #620
  • Jul 16, 2007 6:52am Jul 16, 2007 6:52am
Just click on insert in your platform, then indicator, then custom--find cornflowerEA and click on that
babypip

ps the cornflowerEa should be left in the expert folder and opened with navigator-it will alert you to an ema touch
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