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Cornflower Hourly System

  • #1,821
  • May 24, 2009 10:16pm May 24, 2009 10:16pm
Nice work Pippito keep it up
  • #1,822
  • Jun 1, 2009 1:55pm Jun 1, 2009 1:55pm
In this strategy for me this indi is very helpful too. See attached
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File Type: ex4 shi_channel_colour.ex4   7 KB | 706 downloads
  • #1,823
  • Jun 1, 2009 8:47pm Jun 1, 2009 8:47pm
Hi,

Can you elaborate more on how you use this indicator ?

Quoting Indroole
In this strategy for me this indi is very helpful too. See attached
  • #1,824
  • Jun 7, 2009 11:44pm Jun 7, 2009 11:44pm
This is one I entered on the close of the previous candle. Stop is above the swing high.
Attached Image (click to enlarge)
Click to Enlarge Name: pp.gif Size: 20 KB
FF journal: Peaks and Troffs
  • #1,825
  • Jul 11, 2009 4:22pm Jul 11, 2009 4:22pm
Quoting Indroole
In this strategy for me this indi is very helpful too. See attached
Thanks 4 ur indi,
but actually after try attach ur indi to my mt4 (v.225),
my meta always crash. whats wrong ?

will u help me to fix ur indi ?
thx.
  • #1,826
  • Jul 12, 2009 9:38am Jul 12, 2009 9:38am
Quoting hartnet
Hi Lever nice to see you here again.

I just want to ask you on how do you manage your trade if you are aiming for higher pips?. It seems that for 20pips as per the original strategy. a classic cf set-up will hit it almost effortlessly .
Judging from your journal, it seems you're doing an excellent job of managing trades. It just takes patience and experience to know when to take a profit, as opposed to letting it run further. I still get tripped up sometimes myself. Letting your profits run is actually harder than cutting a losing trade. With a loser, you know the trade is over. But a winning trade can keep producing pips.

When I went about developing Cornflower, my goal was exactly this: how can I get 20 pips with relative ease? Most of the time, the system will give you those pips if you follow the rules. Of course, the market may retrace and generally yank your chain before it hits that target, which is why we have to be patient and also not over-leverage ourselves. Too often we get scared out of trades that are viable because of short-term market gyrations (what I call "spaz"). If we're trading from the 1H, we need to give a trade a few hours to properly develop, and abide by our stop. And then we move that stop in the direction of our trade if it works out. Again, it takes some guts to do this. Only with hard screen time can one get a sense for the mood of the market, and then act accordingly.
  • #1,827
  • Jul 13, 2009 5:32am Jul 13, 2009 5:32am
Quoting lever70
Judging from your journal, it seems you're doing an excellent job of managing trades. It just takes patience and experience to know when to take a profit, as opposed to letting it run further. I still get tripped up sometimes myself. Letting your profits run is actually harder than cutting a losing trade. With a loser, you know the trade is over. But a winning trade can keep producing pips.

When I went about developing Cornflower, my goal was exactly this: how can I get 20 pips with relative ease? Most of the time, the system will give you those...
Hi Lever, thanks for this reply.
This reply clears a lot of things to me.
Thanks again
  • #1,828
  • Jul 15, 2009 6:56am Jul 15, 2009 6:56am
Hey CURTISP!!!

If you are not a subscribed member, sign in and send me a pm. Green pips to ya!
  • #1,829
  • Edited Jul 22, 2009 5:16am Jul 21, 2009 3:16pm | Edited Jul 22, 2009 5:16am
a classic set-up in my opinion, i took sell for 20 pips target with 20 pips stoploss.

Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 19 KB


*an update: target hit
  • #1,830
  • Jul 21, 2009 3:53pm Jul 21, 2009 3:53pm
Quoting hartnet
a classic set-up in my opinion, i took sell for 20 pips target with 20 pips stoploss.

Attachment
Very nice! Wish I had caught that.
  • #1,831
  • Jul 21, 2009 6:39pm Jul 21, 2009 6:39pm
hei guys, let us post our cf trades here and maybe, this will lead to further discussion and hopefully this will lead us to a better understanding of the market itself...
  • #1,832
  • Jul 22, 2009 2:05am Jul 22, 2009 2:05am
I will post my next trade.
  • #1,833
  • Jul 22, 2009 8:00am Jul 22, 2009 8:00am
another cf trade as per the original rule

Attached Image (click to enlarge)
Click to Enlarge Name: echf.gif Size: 20 KB
  • #1,834
  • Jul 22, 2009 8:12am Jul 22, 2009 8:12am
Quoting hartnet
another cf trade as per the original rule

Attachment
Good luck to you on that one. Something about it looks strange to me. Hell, all my charts look strange today.

One thing I did, I know that this is a rule breaker-is put a gann hilo activator on the 4hr chart. I set the lookback to 3. The gann line is buy only above, sell only below. It acts as a filter and can help you weed out some bad trades.
  • #1,835
  • Jul 22, 2009 8:52am Jul 22, 2009 8:52am
Quoting calderone
Good luck to you on that one. Something about it looks strange to me. Hell, all my charts look strange today.

One thing I did, I know that this is a rule breaker-is put a gann hilo activator on the 4hr chart. I set the lookback to 3. The gann line is buy only above, sell only below. It acts as a filter and can help you weed out some bad trades.
hi calderone, i entered this trade on close of the hourly candle going into the last hour of london close. i was at one time 12pips negative, about 8 pips to my stoploss. however now the position has improved to some extent. i wont move my sl or tp, sticking to the original rule. btw, can you post your gann hilo indicator...thanks
  • #1,836
  • Jul 22, 2009 9:39am Jul 22, 2009 9:39am
the problem with echf is that when EU and UC moves, it involves in a tug-of-war thus it stays. but as the saying goes, the trend is your friend and as signifies by cornflower the hourly trend is down. on that count, i am going to switch off now as it is past midnite here in my place. hopefully when i wake up in the morning, EC will go my way otherwise i will be stopped at my stoploss level ...hope the best expect the worse ..
  • #1,837
  • Jul 22, 2009 10:04am Jul 22, 2009 10:04am
Quoting hartnet
the problem with echf is that when EU and UC moves, it involves in a tug-of-war thus it stays. but as the saying goes, the trend is your friend and as signifies by cornflower the hourly trend is down. on that count, i am going to switch off now as it is past midnite here in my place. hopefully when i wake up in the morning, EC will go my way otherwise i will be stopped at my stoploss level ...hope the best expect the worse ..
I got the gann hilo activator from the auslanco thread here:

http://www.forexfactory.com/showthre...00#post1541200

click on the paperclip and then hide the images.

when you edit it-remember to make it visual on 4hr only (so it won't get in the way) also set it to lookback 3

I hope you take profit and I hope this filter helps you select good trades. I learned about it when I did a websearch on cornflower.
  • #1,838
  • Jul 22, 2009 2:49pm Jul 22, 2009 2:49pm
i wake up to find that echf does not move at all, so i just close the position for just a 2 pips profit ...at least better than a loss
  • #1,839
  • Jul 22, 2009 6:50pm Jul 22, 2009 6:50pm
Quoting hartnet
i wake up to find that echf does not move at all, so i just close the position for just a 2 pips profit ...at least better than a loss
It was a horrible trading session. Good for you-I was concerned. My 4hr said it was a no trade.
  • #1,840
  • Jul 24, 2009 3:45am Jul 24, 2009 3:45am
i wish i was looking at ucad at about the time when europe opens. this would have been a great cf set up

Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 17 KB
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