Craig Harris Stochastics Method

Hey Big E:
I've downloaded the HA template on the thread and noticed your candles are different then mine. Have you changed any settings or do you think it's because I'm on a demo account. Thanks

Jim

Big Jim,

#1 in importance is PA, #2 is the TDI for confirmation & Stochs is just an indicator I note. If TDI & Stochs are oppositre... I may pass on the trade...

Big Jim,

I've had several people tell me that before buddy. Below I'll post my template and a few indicators:

I've explained this before... but...

I went to compassfx.com and downloaded their free Synergy System. It gave me the template with the HA Candles plus the TDI. I then removed their two yellow lines on the chart... and put back on the chart my 5 moving average...ema, shift 2 or 3 and Typical. That's how I made it...

A/U - Also note TDI & Stochs hooking over... Last nights trade ...

Example of tdi & Stochs going opposite directions...

The cross over indicator is not part of the 5 method. It is pretty accurate for entries however. Some traders will use it as a crutch until they become more experienced.

I hope the 5 method tpl. helped... it's right out of my template file.

Thnaks eel, you have really given us all the tools we need to be successful...

Hi Big E:
Your template and the MA indicator did the trick, my FXDD charts match up perfectly with yours. I loaded the TDI from a previous post in this thread and it matches also. This is a great help in teaching people, everyone seeing the same info at the same time. No stopping us now, just lots of screen time now to learn. Thanks again, but we still don't want you to retire. LOL.

Jim

Hi Big E:
Me again, I noticed that on the template the MA is simple, but you say you use ema. Do you post the template and then change the MA, sorry to be a pain, but want to get it right. Thanks

Jim

Big Jim,

Make it: 5, ema, shift 3, Typical...

Thanks, you rock!!!

Jim

eelfranz,

I just come across this thread...actually last year i have started to use TDI indicator but stopped after few month can't find suitable filter to filter out bad trade.

Your system looks better with EMA filter...i will give it a try..
Thanks for sharing it with us.

I'm not a full time trader, so i can't sit in front of computer waiting for the trend change in order to close a trade.

So can you tell me what is the average pips to hunt in 1hour TF and what is the SL?

Android,

Your Question:

So can you tell me what is the average pips to hunt in 1hour TF and what is the SL?

On the pair you like to trade... use that chart and the cross hair and measure how many pips an average candle runs on your 1 hour chart.

I've stated many times before that I don't often use a S/L, however if the trade looks a little shakey I might set a S/L between 20-40 pips on the 1 or 4 hour charts.

When I enter a trade I don't think about a loss... only about how much I'll make. The only time I'd use a S/L too is if I'm not monitoring the trade... like the 4 hour chart over night.

If I wake up I'll check the chart fast, move the S/L up to break even or better and go back to sleep. I'll then check it when I get up.

It's not right or wrong... It's just my style of trading...

Android,

Dean Malone from compassfx.com recommends:

Long Trade on TDI - Green over 50 line, over red & yellow lines.

Short Trade - Vise Versa

This works a high percentage of the time... for me...

When your home turn on your 1 hour chart(s) and just take a glance once an hour looking for set ups... I have a electronic kitchen timer that I set to go off every 50 to 60 minutes to remind me to look...

It's pretty simple...

Last thing - Go back 3-6 months in your favorite pairs looking for profitabe trades long & short. Now look at the TDI under each succesful trade and learn what to look for... whats the TDI doing at the time... you'll build confidence.

eelfranz,

Thanks for the reply.

I noticed that you only trade on TF H1 & H4 right?
Is that mean that lower TF not so suitable to use for this system?

I think i'll use trailing stop to capture the profit and avoid any major losses after 30pips.

Android,

All time frames are great to trade the 5 method on. I just don't want to sit in front of a fast chart anymore... I get bored easily anymore.

I'm trying a change on my chart to see how I like it.

On the TDI it's recommended to wait for the green line to be over the 50 line and over the red and yellow to go long and vise versa to go short.

I took a horizontal line... made it triple thickness and made the color magenta... then I placed it on the 50 line on the TDI.

It jumps out and makes it easy to see a possible trade.

Put it on one of your charts and go back 3-6 months and see how easy it is... just a thought... any time frame ...

Example...

Looking at all 8 pairs I monitor... all had good trades last night and it's really easy to see them on the TDI as well using the magenta line on the 50 line....