Cornflower Hourly System | Page 69 | Forex Factory

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Attachments: Cornflower Hourly System
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Cornflower Hourly System

  • #1,361
  • Jun 30, 2008 9:33am Jun 30, 2008 9:33am
Nice Job Bob, keep up the good work, appreciate you posting your charts, it helps in understanding.

Jim
  • #1,362
  • Jun 30, 2008 10:14am Jun 30, 2008 10:14am
Bob,
I thought you were using GFT for your charts, I noticed ODl on the charts you posted.

Jim
  • #1,363
  • Jul 1, 2008 1:26am Jul 1, 2008 1:26am
Jim,

Yeah i do trade with GFT but don't know how (or if you can) post Dealbook 360 charts, and not likeing the idea of not being able to post charts anymore i thought i might get a MT4 demo... Been fun as i have been able to test out a few EA's i have seen. I have to say so far for me that EA's are overrated.... thats not to say that they don't work for some people, i best stop ranting now about non Cornflower issuses or Lever might hurt me .... wonder whats shes up to?
  • #1,364
  • Jul 1, 2008 4:00am Jul 1, 2008 4:00am
Hi Bob, good to see that you have been doing good with the system, can you tell me what pairs are you using for this system, it is primarily meant for Eu and Gu only right?
I believe . . .
  • #1,365
  • Jul 1, 2008 4:18am Jul 1, 2008 4:18am
Quoting ghous
Hi Bob, good to see that you have been doing good with the system, can you tell me what pairs are you using for this system, it is primarily meant for Eu and Gu only right?

Hi Ghous

I use it on AUD,CHF,EUR,GBP,JPY as well as the EUR/CHF.
I find it works well on most pairs (i like the swissy the most but thats just me) Really any pair that trends so you get the nice spreading of the EMA's should work fine,
  • #1,366
  • Jul 1, 2008 4:44am Jul 1, 2008 4:44am
Quoting bob_inabottle
Hi Ghous

I use it on AUD,CHF,EUR,GBP,JPY as well as the EUR/CHF.
I find it works well on most pairs (i like the swissy the most but thats just me) Really any pair that trends so you get the nice spreading of the EMA's should work fine,
thanx Bob for your quick response. May i alos ask that what time frames do you refer to or as according to the system you use only the 1H TF?
I believe . . .
  • #1,367
  • Jul 1, 2008 4:49am Jul 1, 2008 4:49am
Yeah pretty much 1h and then when i see a setup i go Lever's 5 min entry chart.... i do sometimes have a look at higher charts but if you stick to the 1h you wont miss much
  • #1,368
  • Jul 1, 2008 10:05am Jul 1, 2008 10:05am
Guys, please, tell me do you see a good set up on some pair now according to the system? Can you send some charts emagies of your previous entries?Thank you
  • #1,369
  • Edited 10:25am Jul 1, 2008 10:22am | Edited 10:25am
....
  • #1,370
  • Jul 1, 2008 1:54pm Jul 1, 2008 1:54pm
Quoting lite27
Guys, please, tell me do you see a good set up on some pair now according to the system? Can you send some charts emagies of your previous entries?Thank you
looks like somebody here needs to be spoon fed...
I believe . . .
  • #1,371
  • Jul 2, 2008 1:35am Jul 2, 2008 1:35am
Quoting lite27
Guys, please, tell me do you see a good set up on some pair now according to the system? Can you send some charts emagies of your previous entries?Thank you
Hi Lite

Glad to see you want to give cornflower a shot! if you read the whole thread there are heaps of charts in there where people have posted trades so you could look at them if you need an idea of what a good setup looks like. Also why don't you have a crack a few trades yourself and then post about them here... im happy to go over them with you, but is much better for you to be looking for trades ... learning what to look for then it would be if i just told you to look at "x" right now.

Ill keep on posting and i hope you will too!
  • #1,372
  • Jul 2, 2008 1:43am Jul 2, 2008 1:43am
Thank you very much for your support. I am reading carefully the thread now and try to find good set ups according to system. Bob what is your criteria for good set up? Chears
  • #1,373
  • Jul 2, 2008 1:52am Jul 2, 2008 1:52am
Lite,

Take a look at the page before this one in the thread... i posted a CHF chart that i traded .... there are no right setups you just "trade what you see"... this become more clear as time go's on if you are new to trading, if your not new then you already know what im talking about
  • #1,374
  • Jul 2, 2008 7:29am Jul 2, 2008 7:29am
Bob thank you. I saw your chart. Very clear. I am about 8 years in forex and I understood the system. I test it for about 2 weeks. I think, and it is just my opinion, that CF is the best system in comperition to all other systems which I saw on forexfactory pages. But it is just my opinion. If to add Fibo levels and TD trendlines to this system, I suppose it will give very strong results. Do you pay attantion to Weekly and expesially Daily charts before enter on 1H? Do you use for enter 4H? Do you use 5M for more exact enter on 1H? Thank you for your help,Bob! Wish you many pips
  • #1,375
  • Jul 2, 2008 1:29pm Jul 2, 2008 1:29pm
Quote
Bob thank you. I saw your chart. Very clear. I am about 8 years in forex and I understood the system. I test it for about 2 weeks. I think, and it is just my opinion, that CF is the best system in comperition to all other systems which I saw on forexfactory pages. But it is just my opinion. If to add Fibo levels and TD trendlines to this system, I suppose it will give very strong results. Do you pay attantion to Weekly and expesially Daily charts before enter on 1H? Do you use for enter 4H? Do you use 5M for more exact enter on 1H? Thank you for your help,Bob! Wish you many pips

i am combining the cornflower with trendlines, price action and the 4H Macd strategy also mentioned in this forum on the higher time frame to get the overall view, although this system has enough ammo to fire on it's own it might still be a bit difficult to rely totally upon these 4 emas to succeed, specially when new to the system....just my 2 cents...
I believe . . .
  • #1,376
  • Jul 3, 2008 1:23am Jul 3, 2008 1:23am
min
Quoting lite27
Bob thank you. I saw your chart. Very clear. I am about 8 years in forex and I understood the system. I test it for about 2 weeks. I think, and it is just my opinion, that CF is the best system in comperition to all other systems which I saw on forexfactory pages. But it is just my opinion. If to add Fibo levels and TD trendlines to this system, I suppose it will give very strong results. Do you pay attantion to Weekly and expesially Daily charts before enter on 1H? Do you use for enter 4H? Do you use 5M for more exact enter on 1H? Thank you for your help,Bob! Wish you many pips

Lite,

I tend to only be looking for 20 - 30 pips on each trade, i have found the 1hour chart using the 5min for entry the best way for me with cornflower, there is nothing wrong with having fibs or whatever it is you want to use as long as you get the results. ... keep posting and tell us all how cornflower works out for you ... good or bad
  • #1,377
  • Jul 3, 2008 1:43am Jul 3, 2008 1:43am
Thank you Bob. Tell me please, how do you enter on 5min chart after decision to enter is taken on 1h chart? How do you exit? just after 20-30 pips are reached? I use the 10 and 80 EMAs on 5 min.,which give a good entry point after crossing. Also,using Fibo levels, TD trendlines and BB and previous tops and bottoms or consolidations allow me to choose with very high rate an entry point from 8, 12, 24 or 72 EMAs on 1H. So,it is possible to choose the EMA of high probability pullback. MACD and STOCH I use for Diverganceies only. STOCH gives Divergence earlier than MACD or even MACD Histogramm. Thank you Bob for your efforts to help
  • #1,378
  • Jul 3, 2008 2:19am Jul 3, 2008 2:19am
I use Lever's 5 Min entry chart (around post 80-90 in this thread) and i guess i use it like her.... not so much into Bolinger Bands as she is but i guess they help!

The first thing i work out for any trade is the stop level i am going to use, for me i want a stop of no more then 20pips, because i am always looking to keep my risk/reward ratio positive (1:1.5 is good) i would be looking to take 30pips on such a trade. so if the stop is to big then i don't take the trade and wait for the next one.

I have attached a EUR chart that just took place with a nice 24 bounce, i only trade the 12 or 24 bounces. Trade what works for you ... I by no means am the template
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.gif Size: 17 KB
  • #1,379
  • Jul 3, 2008 3:04am Jul 3, 2008 3:04am
Bob thank you for a chart. Whats concerning to 5 min. Levers set up do you mean the enter when price is between 5 and 10 EMAs and the both EMAs are above the 50EMA?
  • #1,380
  • Jul 3, 2008 3:27am Jul 3, 2008 3:27am
Quoting lite27
Bob thank you for a chart. Whats concerning to 5 min. Levers set up do you mean the enter when price is between 5 and 10 EMAs and the both EMAs are above the 50EMA?

Yeah pretty much, i think it's just something you get a feel for with practice :nerd:
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