Awesome, Kevin. Really happy to see my method working for you so well.

kharvell's Trades

May 10 — Carry trades appear to be back in play and the dollar is rallying on the back of FOMC, especially against the Euro and Pound. Changes in bias from yesterday: Long: CADJPY CHFJPY Neutral GBPUSD - leaning short USDCAD EURAUD - has gone ...

Cornflower Hourly System

Yes, that's all correct. Sometimes I'll look at the 4H and daily charts because it's good to be aware of the longer term trend. But the hourly is sufficient to trade on its own.

Cornflower Hourly System

Two that are popular here are Fozzy Daily and Vegas Daily. If I were trading off EOD charts I would pick the latter. Trading off trendlines and channels is a good way to enter on longer term charts. You'll only be wrong once.

Best EOD strategy

You mean philosophical? Sorry to be annoying on the spelling, but I am an academic philosopher by training. Can't let that one go by. This is indeed a very interesting topic. In fact, the Yen carry trade phenomenon is fairly recent. Japan had ...

Cornflower Hourly System

Ah, I get it now. Kilts are always welcomed attire at my party.

Cornflower Hourly System

Yes, for that reason too. I do not take shorts on JPY pairs. At least not yet.

Cornflower Hourly System

Yes, there was a strong downtrend, but the pullback has been steep, especially on GBPJPY (about a 60-degree angle). This often happens when there is a sharp move up or down. I like to see pullbacks that are curved as opposed to angled. The prices ...

Cornflower Hourly System

Pairs in Play for 9 May (ooh it rhymes!) — End of day report. I will try to start doing this every day to maintain interest in this system. All traders should be aware of orange and red colored news announcements when they trade. A major ...

Cornflower Hourly System

Nothing wrong with that. Just be aware that you're exposing yourself to more whipsaws. I would restrict pullback entries to the 24 EMA. Um, "Clansman" is not the best choice of name. I mean, dude!

Cornflower Hourly System

We're looking for a candle that closes with authority over or under the 72 EMA on the 30M chart: image The one I was referring to is indicated by the first arrow. This would not have been a good one to take because it came late in the NY session. ...

Cornflower Hourly System

London was closed today and it wasn't the best day to trade Cable. Unfortunately the 30M signaled an initial short several candles ago. That doesn't mean you get out; 9945 was a valid 24 EMA entry and price is hanging around the 72 EMA. London ...

Cornflower Hourly System

This is like asking if you drive with or without your eyes opened. And Buffet lost over $1B shorting the dollar. Signal before you turn, and always stop at the red.

Do you trade with or without a chart?

US residents are prohibited from trading the gilt and short sterling. Stupid government. url

Futures vs Forex. Who is more liquid

If you are trading ONLY on the hourly chart, it is not necessary to wait for the candle close, and doing so will prevent you from entering at a discount. You can put an entry order at the 12 or 24 EMA, depending on the angles of the shorter EMAs. If ...

Cornflower Hourly System

Exactly. Of course there is nothing wrong with altering a system to one's own style, and I welcome any helpful suggestions for improvement in this thread. It's just that most of these suggestions to date have been to use this or that indicator, ...

Cornflower Hourly System

I understand where you're coming from, and it is only fairly recently that I myself ditched the indicators. If I were a purist, I would not even use EMAs, which are still indicators. I like EMAs because they help me see where price is going. But to ...

Cornflower Hourly System

Cranky — I'm getting a bit frustrated with this thread. I'm glad you had a nice trade, but it has no place here. Countertrend trades don't conform to my rules at all. Is it really too much to ask that this thread be confined to the discussion ...

Cornflower Hourly System

We don't trade crosses. Crosses merely indicate trend direction. We pullbacks/trend resumptions from key EMAs, or the breakout from the 72 EMA on the 30M chart, or the breakout from a congestion area above or below the 72 EMA. The longer term exit ...

Cornflower Hourly System

One other thing, I am not risking 50 pips to make 20. The 50 pip stop is if you are trading longer-term like Kharvell. When I am looking to make 20 intraday my stop is tight, about 10 pips. Of course, it is good to let it run past 20 if it clearly ...

Cornflower Hourly System