It simply means the distance a given pair can be expected to travel from the value of the 72 EMA, measured in pips. For GBPUSD, for example, P1 is 70 pips from the value of the 72 EMA at the time of entry. This is something I have been meaning to ...

Cornflower Hourly System

Verticality is your friend. You want that chart close to twice as tall as it is wide. The wider the chart is, the less steep the angles will appear.

Cornflower Hourly System

Nfp Reminder — If you have profits, take them now. If you are not in the market, stay out until after NFP. 53 pips banked on GBPUSD move, which was a trade of the break: image I outlined this entry on page 3 of this thread, and it hasn't ...

Cornflower Hourly System

Kev-K has shown us why waiting for the 24 EMA is often a good thing. Almost every entry was proftable. One thing: you would have been in before that last arrow, with the pair going against you by a sizeable amount before it went in your favor. ...

Cornflower Hourly System

about the rules — I know that many of you would like me to produce a PDF detailing the system. I hope to produce such a document by this time next week. Due to time constraints, it will not be as detailed as I would like. But it will have the ...

Cornflower Hourly System

About my handle: "lever" is short for leverage, and "70" does in fact denote the year of my birth: 1970. All mysteries revealed. Well, most.

Cornflower Hourly System

Great work. This can be a very useful tool for those of us trading MTF Cornflower.

Cornflower Hourly System

Great post here. Everyone, read this. I think Happy's method can be duplicated with great success. Good work!

Cornflower Hourly System

Thank you for the compliment, RJF. Yes, I've been meaning to do this for quite some time, but just have not found the time yet. It's going to happen, though.

Cornflower Hourly System

chatroom — A google search reveals that this system has spread across different forex forums in many different languages. Amazingly, most of the discussions are faithful to the original system. I have discovered that one such forum has ...

Cornflower Hourly System

Correct. That's a no trade.

Cornflower Hourly System

Apology accepted. In context, it sounded as if you had something against the notion that women could be successful traders. But this makes things clear.

How to be a trader for a company?

You're a grade-A jerk. And the correct term nowadays is women. Shame on you. I can't believe no one has called you on this.

How to be a trader for a company?

This sounds like a very nice backtesting tool. However, I don't think it can replace paper trading, which allows you to get a feel for what it would be like to trade a system in real time.

Cornflower Hourly System

CAD — CAD employment in 3 hours. Stay out of CAD. I am not trading at all right now.

Cornflower Hourly System

You should close these trades immediately while you have profit. We should not be trading USD in the hours before NFP! Also, we have GBP news in less than 30 minutes. You must pay attention to the news calendar. As for limit orders, yes, I have done ...

Cornflower Hourly System

Profit bands — I'm still surprised there has been no discussion at all of the profit bands I recommended in post #281. Is anyone using these for profit taking?

Cornflower Hourly System

1) Yes - the EMAs must be all aligned in the same direction. If not, it's a no trade. 2) Yes - the 72 EMA is what determines the trend. Above = long, below = short. 3) You can enter at the 12 EMA. You do not need to wait for a break. If you have a ...

Cornflower Hourly System

Yes. Paper trade the system. You will get a feel for the nuances of how to trade it without risking any money. There is a rhythm to the market that can be discerned through every day trading, even if it is only on demo. Better to figure this out on ...

Cornflower Hourly System

Pipskateer, you have done an amazing job with your charts. Way to go!

Cornflower Hourly System