- 8 EMA (yellow dots)
- 12 EMA (purple)
- 24 EMA (Cornflower blue, hence the name)
- 72 EMA (khaki)
System principles
Cornflower is based on the principle that trade should be taken when the same present trends in the period of a few. On the chart, 24 EMA clearly define daily trend. 8 EMA, which is one-third the length, showing the speed of its money on "quick". A 12 EMA show the trend of the last half of the day. Its value is the place where the price will usually find support when there is a trend dominant. On the lower level, this also applies to 24 EMA. The long-term trend sometimes would catch a break in this area, with big money accumulate on the chance to buy or sell with great discounts. Finally, defining the dominant trend EMA 72 in the market. This trend will reassert itself as the cumulative memory persuades traders to continue trading in the direction. If three short term average is above the EMA 72, we are in an uptrend and not have to go short. The same applies vice versa for the downtrend.
Cornflower can be used in some way by all types of traders. When prices pull back to the area between 12 and 24 GOLD, the opportunities for short-to medium-term rise presents itself. We can go in and set a target profit based on a number of criteria, into areas that they support and resistance, pivot points, or the number of specified pip. Or we could enter a trade long term, maybe out when 12 EMA cut down EMA 24. The setup of the long term in this system is powerful and can generate hundreds of pips on a single trade that will last for two weeks. Cornflower will catch every major movement in the market, giving it a chance double to take advantage of the big trends and pretend that one is a merchant bank.
Basic Rules System
There are two types of entries using this system: the withdrawal of the (conservative) and early (aggressive). Entry of the pullback, which is the heart of this system, enter the market when conditions calm and after the price had settled into the area between 8 and 24 gold. The time of this entry can be mechanized (using either 12 or 24 EMA) or discretionary traders in accordance with the assessment whether the price moves back toward the trend.
The initial aim to capitalize on the entry of the first movement of a new trend, which is determined by the encouragement of EMA 72 confirmed by changes in gold short. It is more risky because there is always a possibility of reversal. For this reason, it might be better to use the chart to this type of entry. M30 Moved to 30 minutes, one has the opportunity to take advantage of small or early trade at or near break even if reversal presents itself.
Only the H1 and M30 chart should be used with templates Cornflower. a short time period will result in the hoax, while a longer period of time lag behind the market too much.
The following rules apply no matter the time. The calm of the Asian session actually provides some excellent opportunities for entry, which is an advantage for traders that day job makes watching the market for London or New York impossible.
Pullback (conservative) entry – use hourly chart
- 8, 12, and 24 GOLD all over (length) or below (briefly), 72 EMA
- Prices have pulled back to the 12 or 24 EMA (a tendency that more aggressive, more shallow pullback.
- Enter to 20 pips, or continues depending on the assessment of the strength of the trend trader.
- ·The price has moved in with authority over or under the EMA 72. With the "moved by the authority," I mean a candle that has shut down near the top of the range.
- 8, 12, 24 GOLD all pointing in the direction of prices, and should have been arranged in the order in which perfect (8 more than 12 more than 24 for a long time, 24 more than 12 over 8 for short).
- Enter to 20 pips continued if thrusting evolved into a real trend.
Entries may be timed more precisely with a period of 5 m. More about this later.
by -Felicia-
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