Good question. I would say the following: 1) Flattening EMAs are never a good sign. It means price action is stalling. You want a well-oiled Jaguar, not a Dodge Dart. 2) A chart whose EMAs fit the criteria, yet whose pattern is sloppy and ...

Cornflower Hourly System

Elder's books are excellent. I suppose there is a passing resemblance between the systems in that I wait for the 5m to match up with the hourly. But again, I stress that this is not necessary. You can trade the hourly by itself. News plays a big ...

Cornflower Hourly System

It just had the right stuff. The best longer term entries gradually but steadily move in their intended direction. Movements that occur at steep angles can pull back just as steeply and then reverse. The angle of the EMAs, with the steady downard ...

Cornflower Hourly System

Midday Report — I did one for today for my own purposes, so here it is. I am particularly interested in EURUSD, GBPUSD, GBPJPY, and USDCAD. All of these pairs appear to be moving back in the direction of the long-term trend. Please don't ...

Cornflower Hourly System

You the man! I think the thread was downvoted because I annoyed some folks with my prickly proffy personality. Whatever...that's who I am. 4-star, 5-star, all the matters is that we have consistently profitable trades. Right now I am up 5 on ...

Cornflower Hourly System

My sentiments exactly! 5-star or bust, yo.

Cornflower Hourly System

An actual fortune cookie — "You will have a chance at a profitable transaction." Good to know.

Cornflower Hourly System

Hell no. It makes absolutely no difference. This market is big enough for the two of us, twenty of us, even 2,000 of us. I share my methods freely because I like helping other traders and also to save people from giving their hard-earned capital ...

Sharing hurt your method?

Beautifully done, James. In fact, those are the exact places I would enter. There's also the final short entry before the trend reverses. One thing, you mean to say the 24 EMA supports the 8 and the 12 on the hourly. The 21 EMA is on the 5-min chart ...

Cornflower Hourly System

The "other" James here did a nice job of depicting entries in post #83. I think if you re-read the rules while looking at the chart you will be more clear on entries. I have some entry examples that I thought I posted with charts, but obviously ...

Cornflower Hourly System

I don't want to discuss scalping in this particular thread. Let's please stay on topic. The guppy, when used in conjunction with Cornflower, is intended as an alternative timing system to the 5M template (see posts 71 and 89). Although it can be ...

Cornflower Hourly System

Hourly and 30M. Please read the rules in the first post. I do not recommend using Cornflower on 5M.

Cornflower Hourly System

If you want to read some great stuff on pre-euro currency trading from an institutional player, I highly recommend the interview with Bill Lipschutz in Jack Schwager's The New Market Wizards. Provides a glimpse into how the biggest of market players ...

Poll - When did you start trading forex? Anyone had 10+ years here?

Yes, they're all EMAs on the close. Pip goal depends on time of day and market velocity. I am content with only a few pips if the market is slow. If it's really chugging along I can get 20+ on the guppy. Average is 10-15. I am kinda sorta full time. ...

Cornflower Hourly System

For another way of trading the 1-min chart, I have devised a modification of the Guppy system: url Works only in active market times, but you can pull down some nice pippage with this. I use it all the time. Enjoy.

Microtrading the 1 minute chart

I used to countertrend trade using certain candle patterns in conjunction with indicators. It only worked part of the time, and going against the trend drove me batsh*t after a while. It is partly why I have grown so distrustful of indicators. So ...

Cornflower Hourly System

Here is the 30M chart of CHFJPY: image At the time I posted, around 7pm NY time, it had just signaled an initial long entry, with an authoritative close over the 72 EMA. Always look at the 30M as well as the hourly. These 30M signals generate ...

Cornflower Hourly System

Thanks for the backtest work. My own backtesting is all visual; it's nice to see actual pip numbers. The trades that were losers after being 50-pip winners should have been closed out at break even at the very least. I would never let a trade ...

Cornflower Hourly System

Bumping this old thread. I always see mention made on the Oanda news tick of options expiration and especially options barriers. One such example: Thursday, May 10, 2007 9:35:00 AM [14:29 New York, May 10. The AUD/USD vol curve has been offered this ...

Significance of Forex Options