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Cornflower Hourly System

  • #1,141
  • Nov 17, 2007 10:54pm Nov 17, 2007 10:54pm
I have 3 versions of the currencies I'm looking at. I check them naked from monthly down to 5 min.Then cornflower hourly, and lastly 5 min with Levers scalp setup. I've added a 5 ema for the G/Y as it is such a big mover.The G/Y is pretty much the only one I'll trade against the hourly trend as it can be quite rewarding.The angle and separation of the ema's is quite important.I always time my way in now off the 5 min. I don't set an entry order at the 12/24 emas.
I can't upload a screenshot for some reason.
FF journal: Peaks and Troffs
  • #1,142
  • Nov 17, 2007 11:03pm Nov 17, 2007 11:03pm
Well done. I got 211 pips and should have done better. Looking forward to this week.




i've had really good success with the pull back trades +500 or so pips this week! but i never tried a initial entry yet![/quote]
FF journal: Peaks and Troffs
  • #1,143
  • Nov 18, 2007 12:12pm Nov 18, 2007 12:12pm
Quoting bogus
I have 3 versions of the currencies I'm looking at. I check them naked from monthly down to 5 min.Then cornflower hourly, and lastly 5 min with Levers scalp setup. I've added a 5 ema for the G/Y as it is such a big mover.The G/Y is pretty much the only one I'll trade against the hourly trend as it can be quite rewarding.The angle and separation of the ema's is quite important.I always time my way in now off the 5 min. I don't set an entry order at the 12/24 emas.
I can't upload a screenshot for some reason.
Bogus,

Thx for you post. Do you add 5ema to G/J on 1H only or on all other TF's? Plz explain how you see it as an improvement for your trades.

Good job with weekly pips!
  • #1,144
  • Nov 18, 2007 1:17pm Nov 18, 2007 1:17pm
Cheers.I put the 5 ema on the 5 minute setup to help with scalps when I am going against the 1 hour trend. I us it as an early warning. I'll post a couple of charts seperately as I can't screenshot my desktop for some reason. Count the pips on the 5 min after the emas are stacked and then where I would exit when the 5 crosses the 8 ema.I've also added a dotted 200 ma just for reference so I've got an idea where I am.
Quoting eula44
Bogus,

Thx for you post. Do you add 5ema to G/J on 1H only or on all other TF's? Plz explain how you see it as an improvement for your trades.

Good job with weekly pips!
FF journal: Peaks and Troffs
  • #1,145
  • Nov 18, 2007 1:19pm Nov 18, 2007 1:19pm
shot of 1 hour chart
Attached Image (click to enlarge)
Click to Enlarge Name: hj.gif Size: 30 KB
FF journal: Peaks and Troffs
  • #1,146
  • Nov 18, 2007 1:21pm Nov 18, 2007 1:21pm
shot of 5 minute chart
Attached Image (click to enlarge)
Click to Enlarge Name: jh.gif Size: 25 KB
FF journal: Peaks and Troffs
  • #1,147
  • Nov 18, 2007 8:31pm Nov 18, 2007 8:31pm
thx bogus...
  • #1,148
  • Edited 1:24am Nov 20, 2007 1:14am | Edited 1:24am
bogus, I'm a bit confused. Are you making 5 min chart Cornflower trades (instead of 1 hour chart trades)? Meaning, do you use the 5 min chart to take Cornflower trades off of that 5 min chart (with your target being a small number of pips)? Or, do you use the 5 min chart to decide when to enter a trade on the 1 hr chart once the price goes to the 12 - 24 ema area? OR, do you do both?

Also ... do you have a specific, set number of pips as your target?


Topgun
"Success is not a fantasy, it's a formula." - MTI
  • #1,149
  • Nov 20, 2007 2:14am Nov 20, 2007 2:14am
Quoting Topgun_1
bogus, I'm a bit confused. Are you making 5 min chart Cornflower trades (instead of 1 hour chart trades)? Meaning, do you use the 5 min chart to take Cornflower trades off of that 5 min chart (with your target being a small number of pips)? Or, do you use the 5 min chart to decide when to enter a trade on the 1 hr chart once the price goes to the 12 - 24 ema area? OR, do you do both?

Also ... do you have a specific, set number of pips as your target?


Topgun
Firstly I should say that I have only been trading this system for a couple of months and am still finding my way. I've been trading options full time for a couple of years, but now just trade FX using this system.
I use the 5 minute set up to time my way in to the 1 hour cornflower.Setting a limit order at the 12 or 24 goes against the grain for me.I mightn't make as many pips, but I'd rather it was lined up on the 5 min. chart.
I do scalp as well. I started off with a goal of 20 pips per day, and increasing my lots each week, providing I made at least 100 pips the week before. I've managed to do that. Last week was 211 pips.This week I'm up 110 so far.My revised goal is 250 a week. I aim to scalp less as I'm trading too many hours. I read the Cornflower draft every few days to remind me what I'm looking for.Today I've been testing entry with the 8/24 cross on the 15 min chart, in line with the 1 hr Cornflower for entry and am still testing whether I should use the 12/24 on 1 hr for exit or the 8/24 o 15 min. As this is a pullback system rather than a crossover I still wait for a pullback. I'd love to hear from anyone with thoughts on this. I've found (in my very limited testing) that quite a few times if I'd have waited for the 8/24 on 15 cross it is the same as a pullback on the 5minute entry without the stress. I'm rambling... Lack of sleep.Hope it helps.
FF journal: Peaks and Troffs
  • #1,150
  • Nov 20, 2007 4:09am Nov 20, 2007 4:09am
Hey Bogus, way to go!

Nice reading your experiences with this system. Can I ask, what pairs do you trade?

Cheers,

PC

Quoting bogus
Firstly I should say that I have only been trading this system for a couple of months and am still finding my way. I've been trading options full time for a couple of years, but now just trade FX using this system.
I use the 5 minute set up to time my way in to the 1 hour cornflower.Setting a limit order at the 12 or 24 goes against the grain for me.I mightn't make as many pips, but I'd rather it was lined up on the 5 min. chart.
I do scalp as well. I started off with a goal of 20 pips per day, and increasing my lots each week, providing I made at least 100 pips the week before. I've managed to do that. Last week was 211 pips.This week I'm up 110 so far.My revised goal is 250 a week. I aim to scalp less as I'm trading too many hours. I read the Cornflower draft every few days to remind me what I'm looking for.Today I've been testing entry with the 8/24 cross on the 15 min chart, in line with the 1 hr Cornflower for entry and am still testing whether I should use the 12/24 on 1 hr for exit or the 8/24 o 15 min. As this is a pullback system rather than a crossover I still wait for a pullback. I'd love to hear from anyone with thoughts on this. I've found (in my very limited testing) that quite a few times if I'd have waited for the 8/24 on 15 cross it is the same as a pullback on the 5minute entry without the stress. I'm rambling... Lack of sleep.Hope it helps.
Less is more...
  • #1,151
  • Nov 20, 2007 10:13am Nov 20, 2007 10:13am
Sorry this took so long to write and post. Hope it helps.
Attached File(s)
File Type: doc narrative.doc   42 KB | 1,483 downloads
File Type: doc corn_pix.doc   292 KB | 934 downloads
File Type: doc somepracticeshots1.doc   355 KB | 872 downloads
File Type: doc somepracticeshots2.doc   354 KB | 704 downloads
File Type: doc somepracticeshots3.doc   357 KB | 788 downloads
memores acti prudentes futuri.
  • #1,152
  • Nov 20, 2007 12:00pm Nov 20, 2007 12:00pm
Hi, I trade the G/Y and A/u as my main 2. Yesterday I took trades in nz/$, $/Y and 3 in G/y. If I had just stayed in the G/Y and used the 15 minute as an exit I would have made more rather than trying to scalp. Still a work in progress. I have 12 pairs on one screen. They are; n/u,g/u,e/j,a/u,g/y,u/j,n/j,u/c,e/u,e/c,e/n,and u/c.
Cheers, Bogus
Quoting pipcruiser
Hey Bogus, way to go!

Nice reading your experiences with this system. Can I ask, what pairs do you trade?

Cheers,

PC
FF journal: Peaks and Troffs
  • #1,153
  • Nov 20, 2007 12:02pm Nov 20, 2007 12:02pm
Quoting bfs
Sorry this took so long to write and post. Hope it helps.
Nice work. Thanks for the effort.
FF journal: Peaks and Troffs
  • #1,154
  • Nov 23, 2007 6:52am Nov 23, 2007 6:52am
Quoting bfs
Sorry this took so long to write and post. Hope it helps.


Good work bfs;

would you please elaborate more on the sine wave indicators?
i.e. what is the formula and how you interpret them

cheers
Unicorn.
  • #1,155
  • Nov 23, 2007 10:18am Nov 23, 2007 10:18am
thanks for asking. i will put something together and i will post it NLT this monday. the sine wave indicators are my major direction indicator; the secondary direction indicator is (collectively) that "ribbon" of vertical color on the lower one-third of the "wave" chart.
/s/ bfs
memores acti prudentes futuri.
  • #1,156
  • Nov 23, 2007 1:32pm Nov 23, 2007 1:32pm
Hi All,
First of all thanks to lever for sharing a great system. Honestly, I have read about Cornflower earlier but could not grab the concept behind. I was more on lower TF kind a guy. After trying various systems and blowed few demo accounts, I decided to get a serius Forex education.
I started looking for a strategies using higher TF, 1 Hour or higher and I decided to give myself another look at CF.After reading first few pages of the thread, I think its all start to make sense to me(of course education never end).
I'd like to clarify about the CF entry, looking at the chart, can this be considered as a valid CF entry? How do we certain the pullback is real?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gjcorn.gif Size: 15 KB
  • #1,157
  • Nov 24, 2007 7:48am Nov 24, 2007 7:48am
Quoting cyberwang
Hi All,
First of all thanks to lever for sharing a great system. Honestly, I have read about Cornflower earlier but could not grab the concept behind. I was more on lower TF kind a guy. After trying various systems and blowed few demo accounts, I decided to get a serius Forex education.
I started looking for a strategies using higher TF, 1 Hour or higher and I decided to give myself another look at CF.After reading first few pages of the thread, I think its all start to make sense to me(of course education never end).
I'd like to clarify about the CF entry, looking at the chart, can this be considered as a valid CF entry? How do we certain the pullback is real?

Thanks
Hi,

Draw the date line (dotted vertical line) on your chart by right clicking on your chart and going to properties (bottom) and selecting "period separators". Also, google and search for "MT4 Market Hours indicator and add it to your chart, which will give you visual market hours for Asian, London and US sessions with colored horizontal bars.

View the behavior of the pair of your interest over the past days in relation to the market hours or time of the day. You will then have a better assurance of the retrace for entries and also for exits.

It's often pays if you enter when market gets active and that is usually the pre-open to few hours of each market session. Also note that trends often reverse in the afternoon. Further watch out for the market close and the time of the day/ day of the week for new entries.

The above applies to any intra day trading method or strategy.

My view on your down arrow is, it will likely to be a nice retrace for "long", but not for "short". It's a Friday close and you should wait until the market opens on Sunday afternoon and follow the move there on.http://www.forexfactory.com/images/icons/icon7.gif

RS
  • #1,158
  • Nov 24, 2007 10:08am Nov 24, 2007 10:08am
Quoting bfs
Sorry this took so long to write and post. Hope it helps.
I cant open files (((

it will be nice from ur side if u put your articles and attachment in pdf file.

Thank u a lot
  • #1,159
  • Nov 24, 2007 10:10am Nov 24, 2007 10:10am
Hope everybody had a nice thanksgiving...and much to be thankful for.

It seems there is (or was) a chat room for CF folks. Could someone be kind enough to tell me where it is and how to get involved? I can't find it.
Thanks

trademeister
  • #1,160
  • Nov 24, 2007 10:26am Nov 24, 2007 10:26am
The chat room is

http://rebatefx.com/chat.php
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