Cornflower Hourly System | Page 33 | 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

  • #641
  • Jul 19, 2007 10:11am Jul 19, 2007 10:11am
Quoting jsmanuse
Just my opinion, but much earlier in the thread, Felicia showed a very effective way to use the multiple time frames. Keeping in mind that closes (and thus swing points) on a larger time frame tend to carry more weight I'm not inclined to agree with getting too nit picky about using this tool in short time frames. After all, the 1h should confirm your observations in a shorter time frame. My inclination is to always be trading in the direction of the long term trend so I'd avoid looking too much at anything below the 1h swing points- however the 1h swing points ARE visible on the shorter time frames.

-Joe
hehe.. actually, i dont mean that we shld trade CF with fractals on lower timeframe. it's just my response to the one who said that this fractals indicator appears and then just gone. to look at higher timeframe may take a little while to wait for it to appear. so im suggesting to test it on lower timeframe.

  • #642
  • Jul 19, 2007 12:08pm Jul 19, 2007 12:08pm
Quoting jsmanuse
I haven't seen that. The points don't change... so I have no idea why they'd disappear. Also, I think I'm a bit of a techtard... how do you guys get your charts to display with a good resolution when you post?

Also you can download for free "Screen Hunter" . Here is one place where you can download it http://www.download.com/3000-2192-10063246.html
After you download it, open it
make the selections as you wish
select the folder to where you want the pictures to be stored ( mine is right there on desktop called...sceen capture ...)
select "stand by" ( it will stay by till you close the computer)
then anytime you want to capture something from any software or internet etc, you just click F8 and the pic gets saved instantly. Very easy
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_018.jpg Size: 37 KB
  • #643
  • Jul 20, 2007 2:26am Jul 20, 2007 2:26am
A google search reveals that this system has spread across different forex forums in many different languages. Amazingly, most of the discussions are faithful to the original system. I have discovered that one such forum has started a free chatroom where people are trading cornflower live:

http://www.rebatefx.com/chat/flashchat.php

It seems like a good place. Check it out and meet one another in real time.
  • #644
  • Jul 20, 2007 3:14am Jul 20, 2007 3:14am
Quoting lever70
A google search reveals that this system has spread across different forex forums in many different languages ...
Hi Lever70,

As an experienced trader, I can say that Cornflower is by far the best system I've ever come across for the average trader. In fact, it's too good to be spread in bits and pieces over many posts in a forum.

I can see than many traders still don't fully comprehend the system. Have you considered creating a PDF with the entire system condensed into one place?
  • #645
  • Jul 20, 2007 3:47am Jul 20, 2007 3:47am
Quoting RJF
Hi Lever70,

As an experienced trader, I can say that Cornflower is by far the best system I've ever come across for the average trader. In fact, it's too good to be spread in bits and pieces over many posts in a forum.

I can see than many traders still don't fully comprehend the system. Have you considered creating a PDF with the entire system condensed into one place?
Thank you for the compliment, RJF. Yes, I've been meaning to do this for quite some time, but just have not found the time yet. It's going to happen, though.
  • #646
  • Jul 20, 2007 4:18am Jul 20, 2007 4:18am
hi lever, i'm so disappointed that this system was late me to know.. i use cornflower few days ago and it gave me a positive outcome in my first trial on his system

enter at euro/jpy buy @ 167.95 ( 5 lots- mini )
exit at 168.50

i enter during the 8ema approached 12 emas pointing each other toward to 72 emas...

thanks lever.. now i'm gonna stick on this post and give some contribution on my future trading results...( sorry for my bad english, i came from the native land of philippines.. leader of the 12 tribes
  • #647
  • Jul 20, 2007 5:38am Jul 20, 2007 5:38am
Quoting lever70
Thank you for the compliment, RJF. Yes, I've been meaning to do this for quite some time, but just have not found the time yet. It's going to happen, though.

That would be appreciated, of course whenever you find the time
Regards
  • #648
  • Edited 6:42am Jul 20, 2007 6:11am | Edited 6:42am
Here's what I recommend for every Cornflower trader, especially novices:

  1. Go back and read every one of lever70s posts.
  2. Never even look for a trade before a major news release or speaker, or on Fridays after 11am (NY Eastern time).
  3. When you find a suitable trade on the H1 chart:

    1. Initiate your trade when the price retraces to the 8EMA (if the price is moving up/down quickly) or between the 12-24EMA (which covers most cases).
    2. Set your Stop Loss at exactly 10 pips.
    3. Set your profit Limit at 20 pips (10-15 pips if the pair historically does not move very far).

  4. Walk away from your computer and let Cornflower do the rest.

Exception: If proper money management enables you to trade more than one lot, take your profit on half of your lots, move your Stop Loss to break-even on the other half. Then go for the ride, trailing your Stop(s) as you go.

The benefits of sticking to this practice religiously:

  1. You'll become one of the most disciplined traders in the industry.
  2. You'll eliminate all of the emotions that cause most traders to lose money.
  3. You don't have to worry if your stop loss gets hit and then the price moves again in your favor for what might have been a profitable trade. Cornflower will give you many more profitable trades than losses.
  4. By setting a 10-pip Stop Loss, you will eliminate the possibility of watching the price go against you and holding on hoping for it to reverse in your favor. This is probably the major cause of major losses in trading.
  5. By setting a 10-pip Stop Loss, you'll never have to worry about spikes.
  6. You don't have to worry that you 'only' gained 10-20 pips whereas the price eventually moved up/down for a 100 pip gain. Remember the story of the Turtle and the Hare - the Turtle wins the race - not the rabbit.
  7. You will avoid the temptation of trying to make as much money or as many pips as you can. The idea is to gradually increase your account balance like the pros do. Not adhering to #4 and #6 will eventually cost you dearly due to fear and greed.
  8. You'll discover that trading can be a relaxing, enjoyable and rewarding experience without taking too much time away from your other important activities (like family).

PS. You can quote me in your upcoming book, lever70.

  • #649
  • Jul 20, 2007 6:17am Jul 20, 2007 6:17am
If you use this system properly and be patient, you can make a lot of green pips, I use the H1, H4, and Daily charts

here's a screenshot of my latest trades using cornflower + jacko
Attached Image
Trade what you see, not what you think.
  • #650
  • Jul 20, 2007 6:54am Jul 20, 2007 6:54am
Quoting karmostaji
If you use this system properly and be patient, you can make a lot of green pips, I use the H1, H4, and Daily charts

here's a screenshot of my latest trades using cornflower + jacko
Wow , Nice pips there Karmostaji

Love to see u'r journal , i have some experiment too in this Cornflower Method , So far so good

Keep Up a Good Work & have a nice day
  • #651
  • Jul 21, 2007 1:11am Jul 21, 2007 1:11am
RJF,

In your trading plan of the Cornflower system you say to, "Set your Stop Loss at exactly 10 pips." Does that include the spread? Or is it 10 pips + spread?
"Trading is a mental sport." - Ziad Masri
  • #652
  • Jul 21, 2007 9:33am Jul 21, 2007 9:33am
Quoting Quickdraw
RJF,

In your trading plan of the Cornflower system you say to, "Set your Stop Loss at exactly 10 pips." Does that include the spread? Or is it 10 pips + spread?
The 10-pip Stop Loss includes the spread. The idea is that you will never lose more than 10 pips on any trade. Common sense dictates that, with this approach, you should only trade currency pairs with a maximum 5-pip spread. Following the Cornflower rules, a good trade will rarely move against you more than two or three pips.
  • #653
  • Jul 21, 2007 10:05am Jul 21, 2007 10:05am
Quoting babypip
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
Quoting jsmanuse
Since its an ea, you need to place it in your "experts" folder. It won't work if you place it in the "indicators" folder. Simply do it from my computer, go to your C drive and find your trading platform in the program files folder. Hope that helps. By the way, you can select a few options and if you know a bit about the hard code, you can customize it a bit. It's very useful, although i don't use it.
Thnx babypip & jsmanuse! Sorry to reply so late (due to computer problem). Your advises are very useful but I can't retrieve the EA anyway due to problem of scripts.

I think the best way, at the moment, is to trade this system LIVE (depending on my time of course)!
  • #654
  • Edited Jul 22, 2007 4:01am Jul 21, 2007 12:36pm | Edited Jul 22, 2007 4:01am
Quoting sepak.orang
hehey, in metatrader, just click 'File' tab and select 'Save As Picture' from the dropdown menu. then select 'Active chart (as is)' or 'Active chart'.
When he is in front of his chart, he can also press Alt+Print buttons (at the same time) front his keyboard, go to Start --> All Programs --> Accessories à and chose the program: MS Paint. Paste the copy of the screenshot there and your screenshot will appear. He can also select one part of his screenshot by using a symbol on the left side (the square dot symbol). Then click on File--> New, a window will appear and answer --> No. Then paste the file in the next blank page and save the file in a folder (ie: image folder).

He should also host his image in a site specified for this, like Photobucket (http://photobucket.com/) and then copy and paste his url link starting by IMG from this site into this forum.

That’s it!... Easy isn't it?
  • #655
  • Jul 21, 2007 5:52pm Jul 21, 2007 5:52pm
Quoting lever70
A google search reveals that this system has spread across different forex forums in many different languages. Amazingly, most of the discussions are faithful to the original system. I have discovered that one such forum has started a free chatroom where people are trading cornflower live:

http://www.rebatefx.com/chat/flashchat.php

It seems like a good place. Check it out and meet one another in real time.
Thanks for the promo lever70

Everybody is welcome in the chatroom. The more the merrier and we can all benefit from realtime cornflower analysis, bouncing our trading ideas off each other.
  • #656
  • Jul 22, 2007 11:41am Jul 22, 2007 11:41am
Hi Jarfar00
How do I access the chatroom. When I click the link it just asks for you to log in. There is no where to register.
Thanks,
Chris
I just wanna have some fun (and maybe make a few green pips along the way).
  • #657
  • Jul 22, 2007 1:52pm Jul 22, 2007 1:52pm
Quoting chrisjenks
Hi Jarfar00
How do I access the chatroom. When I click the link it just asks for you to log in. There is no where to register.
Thanks,
Chris
Go to http://www.rebatefx.com/chat
Click on 'register' (to the right of 'Username')
  • #658
  • Jul 22, 2007 8:18pm Jul 22, 2007 8:18pm
Quoting sepak.orang
hi there,

i like your post here http://www.forexfactory.com/showpost...&postcount=648

thanks for all the recommendations. but i have question to ask here... what about support and resistance level? do u take it into consideration when trading with CF? if yes, can u elaborate more on this?

thanks in advacnce.
have a nice trade.
bye.
I always consider support and resistance. If I feel that a potential long (or short) Cornflower trade is headed too close to resistance (or support), I will either pass on the trade or set my limit for a smaller number of pips.
  • #659
  • Jul 23, 2007 1:32am Jul 23, 2007 1:32am
Hi Felicia,
I've been hovering in the sidelines for a while now as for some reason I have until just now been unable to post. Want to thank you for this great system...have been following it faithfully since I forst spotted it a couple of months ago. My charts have been cleared of all indicators and I now no longer go blank when I sit down to watch the market. I have enjoyed many, many successful trades and only the occasional loss of the suggested 10 pips.

Thanks too to all members who have shared their thoughts, charts and help.

Best wishes and happy pipping to all

Happy, very happy
  • #660
  • Jul 23, 2007 2:22am Jul 23, 2007 2:22am
Hi everyone,

There was a great trade at 7pm US time for 60 pips. I follow felicia's system faithfully and have learned the hard way never to try and predict what the market is or isn't going to do. At 7pm the trend was angled perfectly, between 30 and 60 degrees, and the market pulled back to between the 12 and the 24 Ema's. Have also found that there is almost always a good trade at some point during the Asian market especially Monday trading.

I place a breakeven at 15 pips, take 80% off the table when I reach 20 pips and then let the 20% run on until the cross over of the 8 and the 12 Ema's in the opposite direction. This info was shared by a good member almost at the beginning of this thread.

If another trade appears I trade again with the same system even though I may still have a trade of 20% in the system. Should mention that I almost always wait for the market to reach the 24 Ema unless the angle of the trend is steep. This was another little gem that was shared earlier by a generous member. I also never risk more than 2% of my capital. It's a very relaxing sytem. Thanks again Felicia, it's an amazing little/big pip winner.

I'm all finished for the day. Time for family.

Happy pipping to all,

Happy
1 trader viewing now