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Attachments: Cornflower Hourly System
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Cornflower Hourly System

  • #1,201
  • Dec 6, 2007 11:49pm Dec 6, 2007 11:49pm
Quoting cyberwang
The MAs are not properly line up according to the rule yet(MA 12 is greater than MA24). I am looking to short once the price break the lower trendline.

CW

I hope you held on to the AUD/USD one, because you were right!


I just entered this one today at a good spot. I entered just as the bar touched the 12...so maybe a little to soon, but well see.
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  • #1,202
  • Dec 7, 2007 12:12am Dec 7, 2007 12:12am
Quoting bogus
Although this meets the rules, it could be a sloppy inverse H&S. Also NFP today. I'm not going to trade it.
Agreed with you on this. 4 Hour and daily chart does not suggest a clear direction as well.

CW
  • #1,203
  • Dec 7, 2007 12:16am Dec 7, 2007 12:16am
Quoting saint_berzer
I hope you held on to the AUD/USD one, because you were right!


I just entered this one today at a good spot. I entered just as the bar touched the 12...so maybe a little to soon, but well see.
Hi saint_berzer,
Hope both of us are right! Little too early to tell. Market is slow, maybe due to NFP scheduled for release today.
  • #1,204
  • Dec 7, 2007 12:30am Dec 7, 2007 12:30am
Quoting bogus
I've got a bearish bias for this pair. I think angle is as important as order of MAVs. The H&S on weekly is stareing me in the face.
Hi Bogus,
Do you mind sharing the chart for Head & Shoulder you were referring to?I attached mine, and i hope we are referring to the same.This will surely help us all to see in bigger perspective. I dont expect GJ to go beyond the trendline.


CW
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  • #1,205
  • Dec 7, 2007 3:52am Dec 7, 2007 3:52am
Looks like AU is breaking to the south side. Hit my SL. Perhaps the trade was taken little early (e.g. the price has not yet consolidate between MA 12 & 24).

Also, good to note that this trade was against the longer trend(4 hr & Daily).So I think we are just trading little retracement here.Let just do what others do, follow the trend. Another opportunity will come for sure. Lesson learnt!

CW
Attached Image (click to enlarge)
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  • #1,206
  • Dec 7, 2007 1:07pm Dec 7, 2007 1:07pm
thats the H&S.
Quoting cyberwang
Hi Bogus,
Do you mind sharing the chart for Head & Shoulder you were referring to?I attached mine, and i hope we are referring to the same.This will surely help us all to see in bigger perspective. I dont expect GJ to go beyond the trendline.


CW
FF journal: Peaks and Troffs
  • #1,207
  • Dec 7, 2007 1:29pm Dec 7, 2007 1:29pm
Quoting bogus
thats the H&S.
can anyone help me with like or post the Forex Factory Calendar Indicator?pls
  • #1,208
  • Dec 8, 2007 10:49am Dec 8, 2007 10:49am
Quoting cyberwang
Could you please attached your EA in the post? I'm sure this will benefit all trader following this thread.
Hi CW,

I'm not yet ready to post the EA yet as it is still in development stages. However, I have been receiving some great suggestions from members of this forum and hope that they will improve it a lot!

Kindest regards,
Mango
  • #1,209
  • Dec 10, 2007 4:20am Dec 10, 2007 4:20am
I missed the trendline breakout. Let see how far loonie will go.
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  • #1,210
  • Dec 10, 2007 4:25am Dec 10, 2007 4:25am
Quoting Mango
Hi CW,

I'm not yet ready to post the EA yet as it is still in development stages. However, I have been receiving some great suggestions from members of this forum and hope that they will improve it a lot!

Kindest regards,
Mango
Hi mango,
No problem at all. I'm just giving a suggestion, because we have many traders here who are willing to help in testing, including myself.

CW
  • #1,211
  • Dec 10, 2007 6:40pm Dec 10, 2007 6:40pm
Better than expected us pending home sales was not enough to support loonie. I'm waiting for the price to close below 1.0050.
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  • #1,212
  • Edited 7:43pm Dec 10, 2007 7:29pm | Edited 7:43pm
Looks like NZD/GBP is setting up.
Not a recommendation , just an observation
FF journal: Peaks and Troffs
  • #1,213
  • Dec 11, 2007 11:22pm Dec 11, 2007 11:22pm
Does UJ has enough power to pass 110 level? I'm looking to short this pair, and as usual, most of the time i am wrong.

CW
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  • #1,214
  • Dec 13, 2007 2:27pm Dec 13, 2007 2:27pm
Sorry but i have a noob questions ...

For entry positions should i wait untill all the lines are in the right order 8,12,24,72 or vice versa .... Or can i open the trade as they seem to be heading ??
  • #1,215
  • Dec 14, 2007 11:08am Dec 14, 2007 11:08am
Quoting WARaintOVER
Sorry but i have a noob questions ...

For entry positions should i wait untill all the lines are in the right order 8,12,24,72 or vice versa .... Or can i open the trade as they seem to be heading ??
Hi WARaintOVER,
Cornflower is a trend continuation system. If you refer to the first port by lever, he mentioned about all MAs used in Cornflower.

According to the rule, to initiate a position all MAs must line up approriately. For example, to go long, MA8 > 12>24>72. In an uptrend, wait for the price to bullback between MA12 and 24. Watch the price bounce from that consolidation range and thats were long position is taken.

CW
  • #1,216
  • Dec 14, 2007 11:10am Dec 14, 2007 11:10am
Lever is a woman.

Quoting cyberwang
If you refer to the first port by lever, he mentioned about all MAs used in Cornflower.
CW
  • #1,217
  • Dec 14, 2007 11:17am Dec 14, 2007 11:17am
Quoting tdion
Lever is a woman.
Silly me, I got the wrong fact. Apologise to lever if she reads this.
  • #1,218
  • Dec 15, 2007 7:52pm Dec 15, 2007 7:52pm
Thanks Cyber
  • #1,219
  • Dec 20, 2007 2:33pm Dec 20, 2007 2:33pm
Im watching this for a possible retrace, then a short entry.
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FF journal: Peaks and Troffs
  • #1,220
  • Edited 7:42pm Dec 20, 2007 7:12pm | Edited 7:42pm
Well, it's been a long time since I've posted. It's nice to see this thread percolating along in my absence. I intend to start participating again.

The market appears to be in flux. GBPUSD broke its weekly trendline. If it ends the week below it, we could see a futher decline of around (EDIT) 1200 pips (Tom DeMark's trendline methods gave me that figure). Of course, the market can do anything, so be vigilant. Cornflower will always tell you what the market IS doing, and you should always trade on that basis. Remember: Predictions are fictions!

I have posted to the Trading Toom an overall outline of my method. You can't post there unless you have 1KT status, but feel free to ask me questions here and discuss amongst yourselves. Here's the link: http://www.forexfactory.com/showthread.php?t=61722.

Happy holidays and good trading!
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