The cornflower trading system is probably one of the best ema based forex systems and has been discussed a lot at the forex factory . I say it’s one of the best because I prefer simplicity in my trading rather than having one million indicators all saying one thing.

It is just a good basic ema crossover system and I like it so far.

It uses four ema’s

• 8 ema – which is supposed to show the fast money in the market
• 12 ema – which is supposed to the trend for the past half day
• 24 ema -
• 72 ema – showing the main trend in the market.

Cornflower Original System Rules

The original cornflower system is applied to only the 1 hour charts and the 30 minutes charts, though we have managed to use it very well in 10 min charts, 60 min and Daily charts which we prefer . Read the rest of this entry

The Australian Dollar is flying to new highs due to increased demand and
prices in the natural resources arena.  The Australian export list is half
natural resources, the remaining is made up with the booming Cotton
markets.

As prices rise greatly in metals such as gold, which is a top Australian
export, the dollar moves to near parity against other currencies like the
US dollar.   Australia’s oil exports are also bringing in more money than
ever expected.
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When we discussed the top 5 ways To Improve your Mental Forex trading we saw that it is important to understand your trading system and from the discussion on how to setup a forex system # 4 we continue with the first indicator we shall be using.The Forex Fractals

What is a fractal

A Fractal is one of five indicators of Bill Williams’ trading system, which allows to detect the bottom or the top.
These basic fractals are composed of five or more bars. The rules for identifying fractals are as follows:
* A bearish turning point occurs when there is a pattern with the highest high in the middle and two lower highs on each side.
* A bullish turning point occurs when there is a pattern with the lowest low in the middle and two higher lows on each side.

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