Cornflower Hourly System | Page 35 | Forex Factory

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Cornflower Hourly System

  • #681
  • Jul 24, 2007 7:25am Jul 24, 2007 7:25am
Quoting Happy
...

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.
...
Happy pipping to all,

Happy
Hi Happy,

I forgot to ask if you are using limit or market orders. If you are entering at market, do you watch the entire asian or london sessions etc.?
Curious,

Joe
  • #682
  • Jul 24, 2007 7:51am Jul 24, 2007 7:51am
jasmunse,
In post 322,you talked about producing an EA that could trade cornflower.You agreed with lever to start a thread on it.I have seen no such thread since.I have been waiting for you to post the EA.Whats happening man?
  • #683
  • Jul 24, 2007 9:06am Jul 24, 2007 9:06am
Quoting maymurph
hello,you will do well to read the rules on the first page first,then click on lever to view all his posts in this thread and read those too.The rules have not changed much but there are things you can learn if you do as stated above.If you please you could then read the entire thread,its worth it.
Don't you think it would be better if the 1st page is updated regularly (like they do in other threads) cause it's time consuming to read the 40 pages here (mainly when you have another job).
  • #684
  • Jul 24, 2007 9:27am Jul 24, 2007 9:27am
its better to enter on usd/jpy?..or i'm late to take that?.. all ema's on the down trend..again thanks lever for this system... more power to you!!!
  • #685
  • Jul 24, 2007 10:14am Jul 24, 2007 10:14am
Quoting maymurph
jasmunse,
In post 322,you talked about producing an EA that could trade cornflower.You agreed with lever to start a thread on it.I have seen no such thread since.I have been waiting for you to post the EA.Whats happening man?
There has been slow progress. The person I am working with has had a lot of connectivity problems and so is unable to test results. Other than that, there is nothing to report. Sorry you've had to wait so long... do you have any experience with programming EA's? Perhaps you'll give it a go while you're waiting. Thanks for asking.
  • #686
  • Jul 24, 2007 12:50pm Jul 24, 2007 12:50pm
Quoting jsmanuse
There has been slow progress. The person I am working with has had a lot of connectivity problems and so is unable to test results. Other than that, there is nothing to report. Sorry you've had to wait so long... do you have any experience with programming EA's? Perhaps you'll give it a go while you're waiting. Thanks for asking.
I wish,but i am not good with them.perhaps someone else here does.I remember tradegiel somewhere around the beginning of this thread said something leaving him a message if you want an EA written.Maybe he could help.
  • #687
  • Edited 12:56pm Jul 24, 2007 12:55pm | Edited 12:56pm
I have attached a jpg of my oanda demo.
Using the Cornflower 1hour method and dialed down to the 15min GMMA for entry, using and initial stops at 30 and then eased back to 50 pips and only moved them once new S&R was made.
I am actually trading this same set up live but didn't enter as early as my demo.

Edit: I am using a 1:1 pip value or 10k lot size in demo, but I think the account info shows that already.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.usd.jpg Size: 85 KB
  • #688
  • Jul 24, 2007 1:32pm Jul 24, 2007 1:32pm
Quoting hyinvestp
Don't you think it would be better if the 1st page is updated regularly (like they do in other threads) cause it's time consuming to read the 40 pages here (mainly when you have another job).
Alright,hopefully lever will post a PDF summary soon.He promised that
  • #689
  • Jul 24, 2007 2:39pm Jul 24, 2007 2:39pm
Quoting maymurph
Alright,hopefully lever will post a PDF summary soon.He promised that
She
Regards
  • #690
  • Jul 24, 2007 2:54pm Jul 24, 2007 2:54pm
Piphunter,
Do you use Pivots for S/R levels, or do you have other levels that you use for S/R? Also, as a newbie, would you mind explaining just a little how to use the S/R for entering?
Thanks so much,
Jennifer
  • #691
  • Jul 24, 2007 3:25pm Jul 24, 2007 3:25pm
Quoting je9265
Piphunter,
Do you use Pivots for S/R levels, or do you have other levels that you use for S/R? Also, as a newbie, would you mind explaining just a little how to use the S/R for entering?
Thanks so much,
Jennifer
Jennifer,

No pivots -
I draw my lines from where price Previously stalled and retreated or advanced. Today's gbp.usd 2.0640ish area for example. Just do search here on the forum or search Yahoo for examplese.

I use Monthly, daily and 4hr lines and also the EMA's you see on the chart.
Jacko's thread is excellent to read as well.
After reading his post is when I started to compound my entries. Also picked up the book he suggested "How legendary Traders Made Millions" Good read and half way through.

I use (S&R) rarely for entering but will do it if it looks good.
In my previous post I stated I use the Cflower(1hr) method GMMA(15min) to buy/sell. That combo is for the majors only.
For other currency I just use CFlower and NO GMMA.

Hope that helps.
PH
  • #692
  • Jul 24, 2007 5:25pm Jul 24, 2007 5:25pm
Thanks much for your help, Piphunter. That clears it up quite a bit. I'll also check into Jacko's thread, and do some more research on S/R.
Jennifer
  • #693
  • Jul 24, 2007 6:16pm Jul 24, 2007 6:16pm
Quoting je9265
Thanks much for your help, Piphunter. That clears it up quite a bit. I'll also check into Jacko's thread, and do some more research on S/R.
Jennifer

That is really all you need to collect a lot of pips.
  • #694
  • Jul 24, 2007 6:33pm Jul 24, 2007 6:33pm
Hi Joe,

Again sorry for the delay. I live on the other side of the world and only watch the UK and Asian markets. Mostly I set the alarms and enter using a market order because I can then decide exactly where I want to enter and make any necessary stop loss/breakeven/profit adjustments. I always place a 10 pip stop plus spread from the 24 Ema. My spread is only 1 pip for all major currencies. If I get stopped out then I have only lost 10 + spread pips and can then decide if I should re-enter where I was stopped out if the market is still looking good. If the market moves too fast and I miss the entry point by a pip or two then I still enter because I then place a breakeven at 15 pips profit from where I should have entered - at the 24 Ema. Almost always the 20+ pip profit is reached and if not then I have lost nothing or only 11 pips max. I still take 80% off the table at 20 pips and let the remaining 20% run on especially if it's a new trend. My computer is on all the time with alarms set for where I expect the market to return to for a good entry. I don't watch it all the time only when the bells ring. A quick check of the charts will tell me if I have a few spare hours to wander away for a while. Hope that helps.

Good luck trading today.

Happy.

Hi Happy,

I forgot to ask if you are using limit or market orders. If you are entering at market, do you watch the entire asian or london sessions etc.?
Curious,

Joe
  • #695
  • Jul 24, 2007 7:36pm Jul 24, 2007 7:36pm
where are u trading w/ 1 pip spreads?
  • #696
  • Jul 24, 2007 10:44pm Jul 24, 2007 10:44pm
Hi All,

There were 2 great trades with the USD/JPN last evening/morning (24th July) at 10-12:00 gmt -1 hr for 44 pips and again at 16:00 hrs gmt -1 hr for 100 pips...still going but not for much longer I think. Just sharing.

Happy pip hunting.

Happy.
  • #697
  • Edited 3:34am Jul 25, 2007 3:22am | Edited 3:34am
Quoting maymurph
Alright,hopefully lever will post a PDF summary soon.He promised that
Thnx maymurph! Hope lever will keep his words.

P.S: Abt lever70, the number 70, does it mean he's 70 y.o.? or is it born in 1970? or none of these possibilities... but not important, just curious!
  • #698
  • Jul 25, 2007 4:41am Jul 25, 2007 4:41am
Quoting hyinvestp
Thnx maymurph! Hope lever will keep his words.

P.S: Abt lever70, the number 70, does it mean he's 70 y.o.? or is it born in 1970? or none of these possibilities... but not important, just curious!
The meaning of the number 70 is open to discussion. However, I do think it's about time that folks out there realized that lever70 is, in actual fact, a LADY!!

Get it? Got it? Good.

Cheers.
  • #699
  • Jul 25, 2007 5:12am Jul 25, 2007 5:12am
this system make me a big pips especially if 8,12,24 ema's below/over 72 ema's... good job to the creator of this system
  • #700
  • Jul 25, 2007 2:59pm Jul 25, 2007 2:59pm
hey guys,
I have sent a Pm to tradiegel about an EA that can implement this method but he has not responded yet.
However i ll like advice on EAs.I m looking for a good one to try and trade on my demo and perhaps later try it live.Do you know of a good one in this forum or elsewhere.I think there will be a good one around.
thanks
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