Re: Eureka! — Nice trade M.A.C. Doug. Gambler180's two rules seems to sum up price action quite well.

Gamblers 5 and 15 minute trading system

Should work on any pair. — This system is based on price action. Gambler180 uses an engulfing pattern (either Bear or Bull) to make the entrance decisions. Like M.A.C. Doug, I use pivots for S/R and determining exits. On the attached EUR/JPY ...

Gamblers 5 and 15 minute trading system

The first three were entered yesterday at a little after noon EST, and I closed them within a couple of hours after opening. The last was this morning at a little after 0800 EST. It became apparent very quickly that the EUR was going to reverse ...

Gamblers 5 and 15 minute trading system

4H forward test — Gambler180, I forward tested this om my demo account on the 4H TF. I routinely watch 8 currency pairs. I had 4 pairs show entrance opportunities. I went long on the EUR/JPY, GBP/JPY, and USD/JPY. I shorted the EUR/USD. The ...

Gamblers 5 and 15 minute trading system

Looks good on 4H TF as well. — Hey Gambler180, Your system looked clean and simple, so I went ahead, jumped in and made several trades on the GBP/JPY and the EUR/USD. I made 45 pips in a little over an hour. I have also been backtesting the ...

Gamblers 5 and 15 minute trading system

I wait until the candle closes after crossing the 72 ema. I prefer to see it close with at least 25% of the body of the candle on the closure side of the ema. The direction and separation of the ema's are as important as the retracement. If the ...

Cornflower Hourly System

4H TF. — I use the 4H TF (with bullrock's calculations of 10, 15, 30, and 90 for the ema's.) If the 4H reveals an opportunity, I use the 1H and 15M TF's to make my entrance decisions.

Cornflower Hourly System

Thanks eula44. I believe when you help others, you help yourself. May your trades run long, and your profits pile up.

Cornflower Hourly System

Trends start to build from the lower time frames. I use the 5M TF for confirming the trend on the 15M (the 15M is the TF I prefer to use for most of my entrance decisions.) I like to see a strong trend on the 15M. I consider the trend to be fairly ...

Cornflower Hourly System

Your Welcome. I understand. I remember when I didn't know the difference between a pip and a bid. Some great (and patient) traders helped me to crawl, then walk in this business. It is always good to see people who are willing to share and help ...

13 low 13 high MA 1 hr chart System

No apologies needed.

13 low 13 high MA 1 hr chart System

Lots vs Trades. — If I may clarify the terms. The term lots is used to describe the size of a trade, not the number of positions open. A trade can consist of anywhere from one lot to as may as your broker will allow. So when Flamenco143 states ...

13 low 13 high MA 1 hr chart System

5M TF. — I have used the CF on the 5M TF with success. I also used the 5M in conjunction with the 15M, 30M and the H TF's. When all four TF's lined up, I would place the trade. I prefer now not to use anything less than 15M, and have been ...

Cornflower Hourly System

Simple and to the point...A great way to trade. — Hello Marci, When I first started trading years ago, I was in love with indicators. Fortunately, it was a short lived affair (it lasted as long as my first trading account.) Now, I trade using ...

Scalping/Trading the TrendWay

On the 1H, 30M, 15M, and 5M charts I use the standard Cornflower 8, 12, 24, and 72 ema's. On my 4H charts I use bullrock's 10, 15 30, and 90 ema's (I am still forward testing the 4H charts for position trading.) When I start to analyze the charts ...

Cornflower Hourly System

That is a good guess, but I wasn't in the market at that time. My charts are set for Eastern Time, however, I live on the West Coast, and trade mainly the London session (although I do trade the Asian and New York sessions on an irregular basis.) I ...

Cornflower Hourly System

I'm watching it too. There is a histogram divergence showing a possibility for it to move upward. It is also bouncing off of my M2 pivot (see chart.)

Cornflower Hourly System

I started with two currencies, the EUR/USD and the GBP/USD. After becoming familiar with their personalities, I then added the USD/CHF. I currently have eight currencies I am following. On my screen, I have eight 1H charts. When one (or more) of the ...

Cornflower Hourly System

I set my stops between 50 and 100 pips (depending on the currency.) That being said, if you have timed the entry correctly you should only see a reversal of 20 to 25 pips after entry. Once I am in profit I move my stops up to keep my profit. When ...

Cornflower Hourly System

Thanks, if we teach them now,...then they will not have any surprises or disappointments later. We have another option for the education needs of these last three. Having them show an interest in the forex market was both a surprise and an ...

Cornflower Hourly System