We're trading swings, so yes, we do not necessarily need the 4H and daily to be in alignment. It takes a while for a move to manifest itself on the 4H and especially the daily. But of course, if the swing is aligned with the long-term trend, we can ...

Cornflower Hourly System

New! Multi-timeframe cornflower — Check it out: image I will leave it to you guys to articulate what I am doing here. I think it's pretty straightforward. I am using FXSniper's EMAs, which change color as the price rises above or falls below ...

Cornflower Hourly System

Profit bands? — Has anyone tried using the profit bands I described in post 281? They work.

Cornflower Hourly System

It has to do with the strength of the trend, which you can gauge by the slope of the EMAs and the speed with which price pulls away from them. a good, healthy trend will not reverse against you by more than 25-30 pips after you enter (if that). I am ...

Cornflower Hourly System

[quote=jsmanuse;1466559] I say we start a new Cornflower EA thread. That way we can keep discussions about the system and EA discrete.

Cornflower Hourly System

Sure, I'd love to see what you guys have come up with. I have some ideas on how to improve Cornflower that could be easily programmed, so please keep me posted. That is a high compliment. Thank you.

Cornflower Hourly System

image Welcome back.

Cornflower Hourly System

Simon, I used to use this very same setting on the hourly. I also used a 8,3,3 on the 5-min. There were times when it appeared to presage a change in direction. But in the end, I decided that it was no more helpful than looking at candle patterns ...

Cornflower Hourly System

Yes, Oanda is great for scalping. They fill you instantly and they don't care if you scalp. 1.2 pips without commission on the EUR/USD is unbeatable on a retail platform.

OANDA Discussion

Man, what a boring day. I coulda had a V-8!

Cornflower Hourly System

Can't tell. The market is news-starved. UK CPI is tomorrow and that will likely determine the direction for tomorrow's cable trading. Apart from the RBNZ intervention bomb, it was a slow day. The CAD pairs look like they might want to resume their ...

Cornflower Hourly System

Which pair?

Cornflower Hourly System

This is true. The power of hedge funds and big names to match wits with central banks is well documented, and they do not like being told by academic economists that fundamentals do not justify price levels. However, the ERM event was unique. I ...

Um, what just happened in New Zealand?

An EMA on the opening price vs. an EMA on the closing price. We only use the EMA on the close.

Cornflower Hourly System

Ya think?

Cornflower Hourly System

That's great. But I don't use indicators. This means I don't use indicators. In other words, I don't use indicators. Kapisch?

Cornflower Hourly System

I think it's easy to see the pitfalls of this facile variety of relativism. I'll leave it to others to elaborate. Just so you know, use of the H-word is prohibited. To me, it is not trading itself that is unethical. We play the game willingly and ...

Is trading Forex immoral??

Philosophy. It's worked for me.

College Major for an FX Trader?

So, who had fun with pips today? I finally gave in and had a blast shorting the GBPJPY. GBPUSD has moved 300 pips in two days. I would expect a retracement Monday on such a big move. However, if it keeps going down, trade it. We have EURCAD and ...

Cornflower Hourly System

Nice charts. Multiple timeframe confirmation is a key part of successful trading and I'm glad you've caught on to the concept. But for the love of Pete, chill out on the indicators!

Cornflower Hourly System