Rules for forex trading — I have posted my rulebook. This is not itself a trading system, but a set of general rules to be followed no matter what system one is trading. Please see the new thread: url

Cornflower Hourly System

Trading the break & anticipating the exit — In addition to the two entries I descibed previously, there is another way to enter trades. Price will decline to the level of the 72 EMA, causing the shorter EMAs to turn around. It then finds ...

Cornflower Hourly System

Time for a new broker. I use Oanda. You can't beat their spreads and execution. TP and SL always honored. Yes, they widen their spreads at news, but that's not what this system is about. At the very least, your entry and TP were sound. It's a good ...

Cornflower Hourly System

End of week review - carry trade continuation — It's late in the day, but GBPJPY, EURJPY, and USDJPY are all signaling long on the 1 hr. The crosses are volatile. GBPJPY requires a 100 pip stop if you are trading longer term. That thing can ...

Cornflower Hourly System

TEB, I appreciate the humorous metaphors. I, for one, did not get the impression that you were poking fun. Levity is always a good thing.

Cornflower Hourly System

25-50 pips per week is more realistic. 20 in a day is a landslide. Yet traders seem to think that is the minimum they should achieve. Madness, I tell you.

My Journal 200 pips a week minimum

I am still detailing the nuances of this system, which is why my entry is not clear. This was not an initial entry on the M30 chart, but rather a 72 EMA bounce on the 1 hr. Quite often price will consolidate around the 72 EMA. So long as price does ...

Cornflower Hourly System

It seems we think alike and I look forward to reading about your system. Traders delude themselves into thinking that tools such as price-derivative indicators, pivot points, and fibonacci retracements give them some kind of control over the market. ...

Cornflower Hourly System

FXHermit, I only use the M30 for "initial" entries (see above). For bounces, one hour chart, using primarily the 12 and 24 EMAs. A slow trend will pull back to the 24, a faster trend will go only as far as the 12 plus or minus a few pips. Again, the ...

Cornflower Hourly System

Bird dog? Trigger man? That's some hilarious stuff there. The chart is spot on. Though if there is a wall in this system, it's the 72 EMA ("trendsetter"--appropriate name), not the 24. Look at how nicely the 72 is supporting cable at the moment. My ...

Cornflower Hourly System

James, when the short averages are not in sync with the 72 EMA, there is no signal. If you scroll back and look at the times when the short EMAs turned down with the 72 EMA still up, you'll find little worth trading. Now if price were to move up ...

Cornflower Hourly System

money management — I just read this entire thread. Nice 350 pip move on the pound if you took it and followed the rules. You should be exiting right about now after 8 days of pip fun. There's been no discussion of position sizing and money ...

Great GBP/USD Strategy for Swing Trades

Thanks again. Cable is choppy right now, and with the three shorter averages pointing down we don't yet have a signal to go long. There was an initial short signal yesterday on the 30M that could have netted some pips, but it would have gone against ...

Cornflower Hourly System