I don't. I think dailies are tough to trade because of the dynamic nature of the foreign exchange market. Trends reverse quickly, only to reverse again. You have to be very patient. That's not to say I've given up on the idea. But I think it would ...

Cornflower Hourly System

Yes. If you look at most of the short entries on GBPJPY, they don't have a lot of staying power. But if we get a pullback here, then a good short setup that is confirmed by the 5M action, we might have an entry. Today's move was powerful.

Cornflower Hourly System

People keep talking and talking and talking about this, but it never seems to materialize. But I do think it will happen. When? Who knows. The only thing we can (and should do) is watch the charts and trade accordingly. Crystal Ball 2.0 is prone to ...

Cornflower Hourly System

But it did pull back to the 8, albeit barely. There was also a clear entry signal on the 30M, and you could have waited for a PB there too if you were nervous about entering. And remember what I have said about using 5M charts. This was a ...

Cornflower Hourly System

NEW! Cornflower profit bands — (resubmitted message with proper, corrected templates) Many of you have been asking about exits. Felicia never stops working. I am unveiling, on a TEST basis, revised Cornflower templates that include profit ...

Cornflower Hourly System

No buy. EMAs are flat. In fact, we recently got the 12-24 exit. Please, everyone, read the rules thoroughly and study the system. I won't be answering questions of this type from here on out. Edit: I am putting together a PDF for newbies. Stay tuned. ...

Cornflower Hourly System

The 8-24 cross on the 15m is an entry that I still consider experimental. I think it needs a filter, but I have not had a chance to do testing. I think the result would be a different system altogether.

Cornflower Hourly System

[quote=bundubill;1459393] Back to school: url

Cornflower Hourly System

I do not use the Cornflower settings on a 5M chart. I use 5, 10, and 21 EMAs, so I would not be looking at the 12-24 EMA cross. See posts 71, 89, 97. When to exit depends on how you are using Cornflower. If you are trading longer-term, use trailing ...

Cornflower Hourly System

Kharvell's trades — I continue to be amazed at how many people are studying this system and trading it with success. I think the last 6+ weeks of posts and trades show that trading need not be complicated. Identify a trend, wait for a good ...

Cornflower Hourly System

Now you're really living. It's also bouncing off the 21 EMA as I type this.

Cornflower Hourly System

Dude, you're rocking to 11.

kharvell's Trades

This is another example of a countertrend move stopping around the 72 EMA: image This is when it would be good to use the 5M chart to look for a short setup. You can wait for a pullback on the H1, but as you might not get one. The 5M can help you ...

Cornflower Hourly System

JPY pairs — image image Two examples of how a move counter to the trend can stop cold in the 72 EMA area.

Cornflower Hourly System

Yes. And you don't actually have to wait for the bounce, especially in a strong trend like this. You could have simply placed an entry order at the 24 EMA.

Cornflower Hourly System

Surely not! But I am glad the system is working for you. It certainly is for me.

Cornflower Hourly System

Naughty trade, my friend. The 15 minute crosses are only to be taken when they accord with the hourly picture. I'm glad it worked out for you, but more often than not, they don't. I'm assuming you took the 30M long entry. Your stop should be at ...

Cornflower Hourly System

Here is a question I received in a PM: The trend is still in tact when the EMAs are still in a perfect order. When the 8 crosses the 12, the trend has paused. When the 12 has crossed the 24, the trend may be ending. It is OK to enter on a pullback ...

Cornflower Hourly System

Q: What is a friend? — A: a line drawn at a 30 degree angle: image

Cornflower Hourly System

Carry trade warning — Shanghai stock market slammed with a 9% decline today. Don't panic, but watch your longs carefully: url

Cornflower Hourly System