Craig Harris Stochastics Method

Hello Kolvakan and mr. Eelfranz,

i have downloaded the free synergy system and now have the sma indicator. for me it is currently the easiest way to have them on the charts.
i am daily learning what is offered in this thread and on the demo metatrader.

thank you for offering help Kolvakan but for the moment i have the sma indicator in place.

greetings,

muppet

Good Morning Everyone... Thanks for all of your posts and help.

This thread is about The Craig Harris Method really using the TDI as a helping indicator to guide us for entries & exits to completion.

For anyone who knows me... you know I'm always testing, tweeking, etc. to find improvements.

Well, the other day I added the Synergy channel on my 15 minute charts (5 SMA/Hi & 5 SMA/Lo) doing some more testing. What I discovered was by blending the two methods together... One is always confirmation for the other.

Sometimes the Synergy makes the entry call first and sometime Craigs makes the entry call first.

But I ALWAYS stick to the Tokyo Channel 40+ pip range if I'm using Craigs method. For day trading you might want to lean heavier on Synergy. You decide by studying charts back 1-3 months.

As stated above... it's a blending to give you the best chance for success.

Kolin... don't leave us. Stay, participate and grow with us.

Everyone do a little tweeking, brain storming and put in your 2 cents for the benefit of everyone.

2010 needs to be your best pippin' year ever... lets make it happen.

Big E

ForexAccount... Watch all the videos several times. It answers your current questions...

SnarlyJack... Remember Craigs method was developed to trade the London Session. Craig trades the 1st three hours of it. Then when London Closes he trades another 3 hours. His method is designed to get you 40+ pips a day. MOST TRADERS do not make 40 pips a day normally... just a small percentage.

The Big Boys are trading with millions of dollars on a trade so if they only make 5 pips... that's a lot of money profit.

ForexAccount,

The reason for the Tokyo/Asian Channel 40+ pips from top to bottom is because if you don't have at least that minimum amount... the swings we are trading after that with Craigs method won't be large enough to make you 20-40 pips per trade.

Got you. Thanks for the thread. Keep going with the good work

Hi Mr E,

Just to clarify. You said that Craig trades from 03:00AM ET - 6:00AM ET and then comes back again at 12:00PM ET - 3:00PM ET? Why not 8:00AM ET-11:00AM ET which is 10 times more active than late afternoon?

Thanks

forexaccount...

Graig gives his trading times in his videos. He lives in California. London Opens at midnight his time PST.

Generally I find that 5am PST is hot for about 3 hours too. (8am EST).

He has to get some sleep too! It's his schedule... not mine. Did I mis-understand his trading time frame? You check it out and let us know here... ok? Waiting for your answer...

Nice information Big E, I just found this thread and it will be very helpful to all.

I have followed Craig for a while. As for his hours of trading, he has said that he trades the London open for 3 hours for the best volume, volatility and certainly where most of the days ADR is usually established.

In contrast to this, he trades the later US session after the London close for teaching and trading in more of a ranging type market.

His students that attend both certainly would profit by knowing elements of these two typical types of market action.

He makes it clear that the London market for the first 3 hours is THE market to trade...(He has also said that the US open to the London close is good, but certainly not as good as the London open)

Of course, he does need to sleep and have a schedule that works for him.

I hope this helps.

Dan

Please who can tell me if Craig Harris gives something very different in his study course for subscribers comparing to his free videos.

Thank you

We Do not discuss his Trading Course on this thread. Sorry...

Dan...Thank you for the clarification of the trading hours

Big E,
You shared an indicator awhile back that I'm trying. Don't understand the "reverse divergence" thing. Could you explain please.

On another note, I've listened to Craigs webinars several times. He trades the first 3 hrs of London open, goes to bed for 3 hrs, then gets up and trades the closing 3 hrs of London. After London closes is when he does his teaching / training.

Wally

Hi Ed

These 5 sma's must be " Smoothed EA's " to form the Synergy channel.

I hope I am right on this issue.

John

eelfranz,

It seems that Criag uses regular candles, Synergy uses average price bars and you (eelfranz) use heiken ashi.

All of these candles/bars are just a bit different than one another.
Can we talk about the advantages of one over the other?
To be honest I'am not sure which is the best to use!

I have now watched both Craigs video's and Synergy video's.
They are both good (thanks for sharing them) but they are also
different. And to be honest I'am not sure which method is best.
They are both interesting. I'am assuming that you like Craig's
the best?

Thanks once again.

snarlyjack

Yes, they are smoothed.

Although Dean says that his average price bars are different or special, I have found them to be exactly Heiken Ashi. A simple examination using the data window shows the same values for every bar aspect if you examine the two bars on the same currency pair.

So we are really looking at the difference only between two bar types.

Dan

Hi Everyone... This will have to do... my browser in the "Reply To Thread" won't allow me to make any selection... so...Hey I've been out all day and just got back in about 4:52 PM my time.Appreciate everyone pitching in and mud wrestling above. Makes the thread more interesting...Deans candles are Heiken Ashi on 5 SMOOTH high & Low. Thank you for pointing that out. Once I discovered them I was amazed how much SMOOTHER my charts looked. Found out I was less likey to bail out of a trade early... as I talked about in an earlier post. It's your choice obviously which one to use but I prefer those. Makes trading easier for me and less stressful.I think your right about Craigs trading hours and I think that probably makes more sense too.As I've told you before there are generally bigger moves at Euro Open, then the London Open and then finally at the U.S. Open... each running a couple of hours.I included the CONV/dIV INDICATOR FOR THOSE WHO LIKE TO BE SHOWN THEM BEFORE new moves happen. Many traders are so stresses out when trading they don't look for them. Dean talks about them all the time in his free Archived Training Videos. The indicator draws lines on your normal chart and puts an indicator below your chart to show you when it happens. Only a free-bee if one wants to use it.Both trading methods are great. One will fit you better than the other so just use one or both giving you added confirmation of what's about to happen on your charts.I love to trade Craigs method but because of health reasons I have a hard time trading the London Session because it's midnight Where I live when London Opens...On the other hand Dean knocks down 50-80 pips every day trading the first 3 hours of the U.S. Session. I've seen him do it live for several months in a row, day in and day out.I've exposed you to the best of both worlds and I honestly believe that. You have to put the shoe on that FITS YOUR PERSONALITY and trading style.With their track records in place you can't argue one against the other... it's not possible. It's time for you to start looking at that person in the mirror and ask... What works for you. Until you learn who that person is who's in the mirror , you'll never get off the ground in trading success.I have several people here in our thread doing outside research in things we haven't talked about much and a few other things. When their specific research is finished we will post the results here which should give you more to think about and as they say a "leg up" in trading.I'm looking, learning, studying forex 7 days a week and discover new edges all the time.You all need to keep an active notebook you write in daily of important new things that will fit you and your style, new edges... things that are important to you... not me.Your never going to be satisfied with anything out of the box... honestly. Pro traders have taken a bit here and a bit their and collected edges that they learned and then tested and are successful with. As their bag gets fuller and fuller they take all the puzzle pieces and... put THEIR SYSTEM TOGETHER that fits them like a glove and trade it... and that goes on for a lifetime... always refining, always testing, always tweeking... that's part of what we love to do and it pays you in pips and great SATISFACTION. Nite All... Big E

gbp & eur both have reversal bars that have been exceeded on the downside. Price has pulled back up (hopefully just momentarily). For the euro the first "big number" is .4420. The next as I understand is .4410 (an intermediate), then .4400. Would Craig's TP target be the 30 pips he often touts, or one of those "big numbers"-- or the intermediate .4410? Stochastics appear to be in agreement.

Rode the gbp down for 30p; still waiting on the euro

Walsanshu...

Congrats on that 30 pip score. Always appreciate it when the Queen contributes to one of our trading accounts. lol

How about some opinions and/or comments to help answer his question.

Good trade Walsanshu. I missed that one: my charts only showed a 22 pip movement in the Tokyo Channel so I stayed out.(needed a nap) Keep it up.