With all the various 'systems' out there it is great to find something that works well and is profitable.
Best of trading to all
Best of trading to all
- #762
- Aug 8, 2007 8:13pm Aug 8, 2007 8:13pm
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
I've been watching this thread with great interest, and finally decided to try it out on demo.
The following 2 examples are on the 30m charts, and I hope I've interpreted the rules correctly for this TF.
Both trades open on (or just above) a pivot line, with the specific targets arrowed.
GBP/USD targets are obvious, but with such a strong upward trend, and the price standing well away from the 8ema, it seemed prudent to let it run. The result was around 118 pips or so, which was encouraging.
EUR/USD also provided a strong run up, which I allowed to pass my target, and I probably would have let it run further, except for that nasty upper shadow on my eventual exit candle. Candlesticks RULE!! The result was a 36 pip profit.
Please feel free to point out any errors in judgement on my part, folks. This has turned out to be a fantastic system, as well as a lively and interesting thread.
To Felicia...many thanks indeed for sharing this with us.
Cheers
The following 2 examples are on the 30m charts, and I hope I've interpreted the rules correctly for this TF.
Both trades open on (or just above) a pivot line, with the specific targets arrowed.
GBP/USD targets are obvious, but with such a strong upward trend, and the price standing well away from the 8ema, it seemed prudent to let it run. The result was around 118 pips or so, which was encouraging.
EUR/USD also provided a strong run up, which I allowed to pass my target, and I probably would have let it run further, except for that nasty upper shadow on my eventual exit candle. Candlesticks RULE!! The result was a 36 pip profit.
Please feel free to point out any errors in judgement on my part, folks. This has turned out to be a fantastic system, as well as a lively and interesting thread.
To Felicia...many thanks indeed for sharing this with us.
Cheers
Great trading, Eyevoltage, i'm watch & learn this system for month, but can't make cute entry, while try to entry with watching the chart, make me fear, cause i can't make good decision !
I saw you have pivot in your chart, may let me know how to put it at my MT4 ? & how can we know the pivot level ?
I'm sure this CF system is very good, cause i saw many of this system follower present their profit result here ! I would thanks to Felicia, for his good system ! http://www.forexfactory.com/images/icons/icon14.gif Hi Felicia, I just sign for this forum because of your very atttracting system !
I also need your advice, Felicia, how to make entry decision, like yesterday, at 8 August around 7:00 am GMT to 9:00 am GMT, i'm very confuse http://www.forexfactory.com/images/icons/icon5.gif to make a short for GBPUSD or to long, cause i catch your system idea is to :
1. watch the longer TF; i watch 1H TF, and saw GU was down trend
2. entry to short while the price was retrace / pullback to 12 / 24 EMA,
the deeper the pullback, will make more profitable http://www.forexfactory.com/images/icons/icon5.gif
I also want to ask Eyevoltage, seems you make good decision even, not sitck on the CF rule !? Can your share more your trading style ? Seems you have the good breakout formula http://www.forexfactory.com/images/icons/icon12.gif
WS168
I saw you have pivot in your chart, may let me know how to put it at my MT4 ? & how can we know the pivot level ?
I'm sure this CF system is very good, cause i saw many of this system follower present their profit result here ! I would thanks to Felicia, for his good system ! http://www.forexfactory.com/images/icons/icon14.gif Hi Felicia, I just sign for this forum because of your very atttracting system !
I also need your advice, Felicia, how to make entry decision, like yesterday, at 8 August around 7:00 am GMT to 9:00 am GMT, i'm very confuse http://www.forexfactory.com/images/icons/icon5.gif to make a short for GBPUSD or to long, cause i catch your system idea is to :
1. watch the longer TF; i watch 1H TF, and saw GU was down trend
2. entry to short while the price was retrace / pullback to 12 / 24 EMA,
the deeper the pullback, will make more profitable http://www.forexfactory.com/images/icons/icon5.gif
I also want to ask Eyevoltage, seems you make good decision even, not sitck on the CF rule !? Can your share more your trading style ? Seems you have the good breakout formula http://www.forexfactory.com/images/icons/icon12.gif
WS168
I've been watching this thread with great interest, and finally decided to try it out on demo.
The following 2 examples are on the 30m charts, and I hope I've interpreted the rules correctly for this TF.
Both trades open on (or just above) a pivot line, with the specific targets arrowed.
GBP/USD targets are obvious, but with such a strong upward trend, and the price standing well away from the 8ema, it seemed prudent to let it run. The result was around 118 pips or so, which was encouraging.
EUR/USD also provided a strong run up, which I allowed to pass my target, and I probably would have let it run further, except for that nasty upper shadow on my eventual exit candle. Candlesticks RULE!! The result was a 36 pip profit.
Please feel free to point out any errors in judgement on my part, folks. This has turned out to be a fantastic system, as well as a lively and interesting thread.
To Felicia...many thanks indeed for sharing this with us.
Cheers
- #764
- Aug 9, 2007 3:15am Aug 9, 2007 3:15am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Great trading, Eyevoltage, i'm watch & learn this system for month, but can't make cute entry, while try to entry with watching the chart, make me fear, cause i can't make good decision !
I saw you have pivot in your chart, may let me know how to put it at my MT4 ? & how can we know the pivot level ?
I'm sure this CF system is very good, cause i saw many of this system follower present their profit result here ! I would thanks to Felicia, for his good system ! http://www.forexfactory.com/images/icons/icon14.gif Hi Felicia, I just sign for this forum because of your very atttracting system !
I also need your advice, Felicia, how to make entry decision, like yesterday, at 8 August around 7:00 am GMT to 9:00 am GMT, i'm very confuse http://www.forexfactory.com/images/icons/icon5.gif to make a short for GBPUSD or to long, cause i catch your system idea is to :
1. watch the longer TF; i watch 1H TF, and saw GU was down trend
2. entry to short while the price was retrace / pullback to 12 / 24 EMA,
the deeper the pullback, will make more profitable http://www.forexfactory.com/images/icons/icon5.gif
I also want to ask Eyevoltage, seems you make good decision even, not sitck on the CF rule !? Can your share more your trading style ? Seems you have the good breakout formula http://www.forexfactory.com/images/icons/icon12.gif
WS168
As I said in my post, I really was hoping that I was "sticking to the CF rules", but of course, if I wasn't, I needed to be told. On reflection, maybe I could have entered both trades a little earlier, but I'm one of those people who believe that Pivot Lines have an important place on one's charts. I just needed to see a "healthy" cross of a Pivot Line in both cases before I was happy to enter the trade. Sometimes, a break-out can look a fantastic prospect, but if it comes to a sudden halt and you don't use Pivot Lines, then you'll never know what the reason was!
For the benefit of anybody who wants it, I'm posting the indicator below. WS168, just enter it into your MT4/experts/indicator file, and then open up your MT4 platform and look for it in your indicator list.
Thanks again.
Cheers
- #765
- Aug 9, 2007 4:01am Aug 9, 2007 4:01am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Hope you don't mind, but I thought this chart would help any newbie out there who's a bit confused concerning exits. I took this trade below the black arrow as the price crossed the 72ema. Seeing as how it was just under the Pivot Point, and well above the M2 line, it was a good R/R situation. However, the thing that concerned me as the trade developed was the long lower shadows on the preceding candle, as well as the one I was involved in. A sure sign that the Bears were fighting back! 
I got out of the trade as the next candle kicked in, and I'm glad I did, seeing as this next candle turned out to be a spinning top, and definitely not good for the nerves! As I type this, the price continues to move sideways above the S1 line, so it'll be interesting to see which way it eventually goes. Exits can be S/R lines, MA crosses, breakouts of Trend lines etc., but sometimes it really does pay to take notice of the actual candlestick. It can give you so much valuable info, trust me! 
I got out of the trade as the next candle kicked in, and I'm glad I did, seeing as this next candle turned out to be a spinning top, and definitely not good for the nerves! As I type this, the price continues to move sideways above the S1 line, so it'll be interesting to see which way it eventually goes. Exits can be S/R lines, MA crosses, breakouts of Trend lines etc., but sometimes it really does pay to take notice of the actual candlestick. It can give you so much valuable info, trust me! 
- #766
- Aug 9, 2007 4:34am Aug 9, 2007 4:34am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Hope you don't mind, but I thought this chart would help any newbie out there who's a bit confused concerning exits. I took this trade below the black arrow as the price crossed the 72ema. Seeing as how it was just under the Pivot Point, and well above the M2 line, it was a good R/R situation. However, the thing that concerned me as the trade developed was the long lower shadows on the preceding candle, as well as the one I was involved in. A sure sign that the Bears were fighting back!
Thanks for your pivot indicator, already download.
I saw more light at this CF system + pivot
If i may ask about the pivot :
1. why mine MT4 doesn't shown the pivot line M1, M2 ?
2. I use MT4 with GMT +2 for default time, so the closed price at previous day, not shown similary with your, how can i solve this ?
About the candle stick, i saw different candle at some platform, cause sometime broker widen their spread, what broker platform / server do you refer for the best tick price ?
TQ very much ! http://www.forexfactory.com/images/icons/icon12.gif
Hello again.
I'm attaching a 5m chart of USD/JPY from this morning of what I see as possible scalping trades. I know Felicia mentioned how one can scalp the Cornflower on 5m, so I was wondering if the more experienced amongst you could confirm (or not, as the case may be) that these trades would have been within the Cornflower rules.
Cheers.
WS168
- #769
- Aug 9, 2007 6:44am Aug 9, 2007 6:44am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
- #770
- Aug 9, 2007 7:02am Aug 9, 2007 7:02am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
May you explain what is scalping trades that you mean, sorry i new and don't understand.
WS168
Scalping is merely getting in and out of trades in a matter of minutes, with hopefully a small profit, as opposed to entering a trade, and then sitting back and letting it go for sometimes hours at a time!!
Some traders don't like scalping, yet others love it. It all depends on one's mentality and whether or not one fancies sitting at the screen hopping in and out of trades, one after the other.
When people say they're scalping, they're usually using 1m or 5m charts and never anything over that. It's fast and furious sometimes, and either fun or a right pain in the ass, depending on which way you look at it!!
I wouldn't recommend it until you're a bit more experienced, mate. OK?
Cheers
- #777
- Aug 10, 2007 4:21am Aug 10, 2007 4:21am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
TQ G-Man, already solve my GMT +2 pivot problem.
Actually Pivot Indicator from Eyevoltage also can shift GMT timezone.
Anyway thanks to your help G-Man
Also want to thank Forexfactory for this very good forum !
Very much nice people here, who will give hand and help others !
Cheerhttp://www.forexfactory.com/images/icons/icon14.gif
I have to apologize for not being able to respond to your GMT+2 shift request. I have to hold my hand up and say I never realized it could be done on that Pivot indicator I gave you. My only excuse is that because I live in the GMT zone, I've never had to bother with it, so it went unnoticed whenever I was editing MultiPivotV2.
Anyway, I'm really glad you managed to sort it out, mate, and again, my apologies.
Cheers
Hi WS.
I have to apologize for not being able to respond to your GMT+2 shift request. I have to hold my hand up and say I never realized it could be done on that Pivot indicator I gave you. My only excuse is that because I live in the GMT zone, I've never had to bother with it, so it went unnoticed whenever I was editing MultiPivotV2.
Anyway, I'm really glad you managed to sort it out, mate, and again, my apologies.
Cheers
Thats not your responsible, don't mention !
I myself should seek and learn more about this, its my responsible !
I can understand, you no need to change your GMT time.
Btw, how about your trading yesterday for USDJPY, with what stragegy & how you exit to TF ? Please share to us ! http://www.forexfactory.com/images/icons/icon12.gif
Cheer
WS168
- #780
- Aug 10, 2007 7:58am Aug 10, 2007 7:58am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Thats not your responsible, don't mention !
I myself should seek and learn more about this, its my responsible !
I can understand, you no need to change your GMT time.
Btw, how about your trading yesterday for USDJPY, with what stragegy & how you exit to TF ? Please share to us ! http://www.forexfactory.com/images/icons/icon12.gif
Cheer
WS168
Thanks for understanding, my friend.
Re yesterday's trading..........I read earlier in this thread that Felicia (Cornflower's creator) was at heart a scalper, so I decided to try a bit of scalping with Cornflower on the 5m chart. You can see the results below. Of course, it helped having a really good trending market yesterday. If it was like that every day, we'd all be millionaires in no time at all!!
I didn't open my first trade until the first candle under the correct sequence of MA's, and my target was the Pivot Point, which, as you can see, it hit with no problem at all. 17 pips profit after spread.
I then waited for the next opportunity......a candle to find resistance at, or pierce, the 10 ema. If you look at how the price is coming down between the first yellow arrow and the 2nd yellow arrow, and see how it relates to the blue Pivot Point, it seems to take the shape of a descending triangle, so I didn't enter the trade until it had passed through the Pivot Point, reducing my profit to 9 points. I exited the trade after the spinning top, which is always a good place to exit!!
I entered the third trade as the candle passed back through the 10ema and ended up with 13 pips profit, as I exited at the opening of the "long" candle. Gotta be quick at this game, it seems!
The last trade was straightforward, and yielded 14 pips profit.
All profits quoted after the spread was taken away, leaving a total of 53 pips, which I'd rate as pretty good, seeing as it only took around an hour and three quarters to achieve.
I'd say it's a pretty good method if you have the time to sit and wait for each opportunity to come along. However, it doesn't suit everyone, but I have to say I enjoyed the experience. If nothing else, I've proved to myself that it can be done, which improves one's confidence no end.
