Craig Harris Stochastics Method

thanks craig your discussion is very useful and helpful for me and i like your method and found it one of the best method and thanks again for your great discussion and telling us ...

Two more trades taken this morning.

Just took this trade on EUR/USD 15m TF I could stay in the trade longer but just want to catch the quick pips in the swing whilst it's moving with some momentum and not risk it reversing.

Hello X,

Thanks for the info, does this set up look correct. PA went down to 80 and made 12 pips. Done for the day, 34 pips. Thanks Mike

Hi Meanpips

Are you trading of a 5m chart, only CH method is trading of 15m charts.

Hi Stevepatt,

No I only trade the 15 min charts. I have just stuck to the Euro for now because of the low spread. Thanks

Steve... Congrats on you pips buddy... just takes practice and paying attention...

Yes, you are showing a good example as a new trader...demonstrating discipline and control of your trading powers! Cheers to you.

Thanks for the encouragement guys, just looking to trade GBP/USD and EUR/USD because I have spent most screen time with these. Like has been said before on the thread it's a matter of taking what works and tweaking it to suit your own style.
This thread has certainly been a http://cdn.forexfactory.com/images/icons/icon3.gif moment for me. There are a lot of systems and methods out there that work but it's finding the right ones to suit you and your personality, fingers crossed I've found one that works for me.

Very nice! The GU and EU are favorites of mine. If you are gonna narrow it down to 2 pairs only (a good idea, I agree), I'd suggest you consider the EJ as a 2nd one. That way when the dollar is not moving (which will happen every now and then), the EJ will get the move of the other pairs that drive it. The EJ is actually *probably* my most favoritest pair to trade.

Regards

For anyone interested, I do a weekly analysis video. It does not focus on the CH M15 Swinger trading style (though I plan to make some on that style also to help new traders out). This analysis is more for the higher TF trading I do.

If interested, you can watch it here:

Weekly Analysis

Kind Regards,
NeoRio

I'll take a look at the EJ and give it some study. I'll check out your weekly analysis also thanks.

Regards
Steve

This is a screen shot of the GU and EU, 15m TF, the reason I took the EU trade is because the setup candle was bouncing from the 233ma and entry was above 21ma. The break of the 21ma didn't have enough momentum and immediately reversed on me when it eventually went positive it wasn't moving with any conviction so I exited early.
You can see the GU chart has a similar set up but entering long on the break of the 21ma would have been trading towards the 233ma the better option IMO was the EU.
It pays to enter a trade when it's in full flow and really moving with you so when it does cross your entry point it's got momentumhttp://cdn.forexfactory.com/images/icons/icon2.gif behind it.

Hi there. I hope you won't take this the wrong way, but a feel a bit bad for you after looking at your charts. You have so many squigglies on your screen that it's hard to see PA. You seem to have HA candles sitting on top of regular Japanese candles. You have several MAs. You have Bollinger Bands, TDI, Stoch, some other indie down there...etc, etc. As much as I feel you may be forming a comfort zone with your charts, I feel I should tell you that less is oftentimes more. Being dependent on so many indicators is not a healthy approach to trading. Remember this: The people that adjust, manipulate and monitor all our retail indicators are the market makers...the big boys that drive the markets and set out each day to place traps and get our money.

KISS,
NeoRio

No worries, I've removed the Asian Session indi, I use Bollinger Bands set to 21ma, 233ema, as per Big E recommendations and Fractals, Stoch 8 3 3 and TDI standard settings for confirmation. I am using HA's with the Japanese Candles blacked out they only show up when I high light an area.
To be honest, like a few others following the thread, I got caught up with all the indicators being posted.
What I'm trying to do, is quite simple, I look for the swings then trade away from them as long as I'm also trading away from the MAs and with momentum on my side.

I read from somewhere said EUR, GBP, CHF have the largest movement when European markets are open, AUD when the Australian and Asian markets are open, EURJPY works all the time.

So when you all take trades how big of a part...if any does pa and sr mean in your decisions. Are we taking these trades off of just indicators?

I guess we use the Ma's for s/r

Thanks...

This is a trade I took this morning entry was at 7.30GMT. Jflor speaking for myself I look for reversal PA and use the break of the 21ma and 233ema, which acts as support and resistance, for entry. Although there are traders with far more experience than myself here who will be able to add their input to this.
I exited for 25 pips when momentum started to fail there was a pssible 60 pips on this move, from where I entered, but I'd rather exit with profit and not risk it reversing.

Ist trade lost 30 pips this morning then doubled up on 2nd trade and made 20 pips. I've got to have more discipline and exit trades early when they're obviously going against me, I can always re-enter if it turns around again. This is an area I really need to work on, I find it hard to exit a trade when I'm not in profit, any advice on this would be appreciated.
It shows the importance of being out of a trade before a news release the market dropped like a stone on the 9.15GMT candle.

I hope no ones getting bored by my posting but I'm finding it good for reveiwing the trades I make.
Entered this trade early because it was moving with momentum I was ready to exit if it had stalled at the 233ema. Another advantage of doing this is you can get tighter stops I had a 20 pip stop on this trade and I like to think I would have exited well before my stop was hit. Got out with 20 pips in 10 minutes something worth watching for.