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Craig Harris Stochastics Method

  • #3,381
  • Edited 9:06pm Feb 10, 2011 8:45pm | Edited 9:06pm
Novice198...

Just look at the charts I've posted over the last 15 pages... If your not inspired by now with all the info & charts I've shared...

Then obviously it doesn't fit you. Keep searching for a system that fit's your needs.

I have no need to convince anyone here to trade one of these methods discussed... none are the Holy Grail ! I know what works for me and I've tried to share it here. Take it, leave it or continue your search is my humble advice...
  • #3,382
  • Feb 10, 2011 8:57pm Feb 10, 2011 8:57pm
2scoops...

Come on now... your question..

What do you find is usually your average profit (pip wise) per trade?

Better ask NeoRio since he says 5 pips per trade... even though he doesn't trade the 5 method.

I spent all day at the hospital and feel rather grumpy... sorry.

Depending upon the time frame (5 min. up to 4 hours) it normally ranges from 10 to 125 pips.

If you can't trade it... no big deal... just move on to another method or system... but please don't try to set me up...
  • #3,383
  • Feb 10, 2011 9:05pm Feb 10, 2011 9:05pm
If I may just jump in here? Pips per trade is an interesting statistic, but that's all it is....interesting. It's not indicative of anything much really because the average depends on so many variables....like the currency pairs traded, the time zone traded, news is a biggie and so on. I think stats are way overrated and subject to interpretation. For instance, I'm a skydiver and the odds of 'going in' and killing yourself is 1:60,000. Given that statistic, I'd better stop when I get to 59,999, right? What if I wear one green sock and one red sock when I jump? The odds must now be in the millions if not, billions!!!

It's interesting for sure, but I don't think pips per trade is indicative of how good or bad a system may be.

5c

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,384
  • Edited 9:49pm Feb 10, 2011 9:11pm | Edited 9:49pm
Ceebs, Welcome aboard... glad your here...
  • #3,385
  • Edited 9:52pm Feb 10, 2011 9:41pm | Edited 9:52pm
FX-Trader...

Hey buddy. NeoRio trades a modified CH so it would be best to ask him. He has tweeked it to fit his style and personality. Since I don't trade the CH Method ... my opinion would be worthless. Sorry.

On the HA candles... thats something I like and trade with. CH uses standard candles... For me I always use the HA candles no matter the method... it generally helps me stay in a trade longer. It's not right or wrong... it's just what I prefer.

I used the CH Method as a great forex learning course but that's all. I set up the 5 ema the way that fits me personally. Those using it have tweeked it to fit there style... including other indicators too.

I can't believe how many questions over and over rag about the TDI. I like it and I use it... plain & simple... no magic. If others don't use it... then they use what works for them and something they can trade with confidence... you'll do better.

But honestly I'd ask NeoRio because he's got that method wired to fit him and trades it sucessfully. He is always happy to help and share.
  • #3,386
  • Feb 10, 2011 9:46pm Feb 10, 2011 9:46pm
Quoting eelfranz

I spent all day at the hospital and feel rather grumpy... sorry.
I hope you have better day tomorrow and all is well.

Just wanted to through out an idea I am trying. It dawned on me to try this with tick volume. I have been running it on 133 tick for a few hours this afternoon and I was surprised by how it looks. Nice swings show up.
Big E. Have you ever tried tick volume on Forex and if you have what did you think of it?

Happy trades!
Could it be Man is trying to be something without knowing they're complete?
  • #3,387
  • Feb 10, 2011 9:48pm Feb 10, 2011 9:48pm
RJ...
Again your wisdom shines thru... thanks.


Attached Image
  • #3,388
  • Feb 10, 2011 10:01pm Feb 10, 2011 10:01pm
Numb3rs,

I'm dealing with a lot of physical problems and the Doc was all over my a** to take it easy, get more rest and naps during the day and eliminate all stress... this thread alone keeps me gray... lol

No I've never tried trading tic charts but I know others that do.

Sorry I can't be more help...
  • #3,389
  • Feb 10, 2011 10:18pm Feb 10, 2011 10:18pm
Quoting eelfranz
Numb3rs,

I'm dealing with a lot of physical problems and the Doc was all over my a** to take it easy, get more rest and naps during the day and eliminate all stress... this thread alone keeps me gray... lol

No I've never tried trading tic charts but I know others that do.

Sorry I can't be more help......
No problem! Get that rest you need my friend!

I will continue to run this tick idea and post some charts latter so you all can see what I'm talking about.

This is my first time trying tick volume.
Could it be Man is trying to be something without knowing they're complete?
  • #3,390
  • Feb 10, 2011 10:48pm Feb 10, 2011 10:48pm
BigE...take care my master...

I've one question...when good signal found in H4 chart do i need to look back to H1 chart for better entry or directly open the trade?

For example when H4 show buy signal..at H1 the Green line almost reach 80 level already..show i take the trade or just focus on H4 TF and open the trade?
  • #3,391
  • Feb 11, 2011 1:08am Feb 11, 2011 1:08am
One tool that is a large part of my trading is daily pivots, support and resistance lines. I find that PA very often moves between these lines and that they are good to warn of possible exit or entry points. I threw the indi on the 5 method charts just to see how it goes, and it seems to fit in very well with the method. So, attached is the pivot indi if anyone want's to add it to their charts......
Attached File(s)
File Type: ex4 FXI Pivots.ex4   25 KB | 764 downloads
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,392
  • Feb 11, 2011 1:55am Feb 11, 2011 1:55am
Dont you have the indi which can be used as pivots on all time frames specially 4hr and 1hr because it really work well

Please reply or PM if you have
  • #3,393
  • Feb 11, 2011 2:49am Feb 11, 2011 2:49am
Quoting Gameforex
Dont you have the indi which can be used as pivots on all time frames specially 4hr and 1hr because it really work well

Please reply or PM if you have
This one I have attached does that, but I don't use it because it updates across the board every day, so you can't look back over a few days and see what the pivots were then. Try this one.....
Attached File(s)
File Type: ex4 ###Auto Pivot2.ex4   16 KB | 1,112 downloads
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,394
  • Edited 4:28am Feb 11, 2011 4:14am | Edited 4:28am
Folks

I have been testing/using the 5 ema strategy (Thankyou Big E) for the past few weeks and I must say its one of the most impressive strategies I've used for trading forex (for my style/timeframe/risk tolerance etc).

The only trade so far that didnt work out with this stratagy was an AUSUSD trade I took this morning. I by no means expect all trades to work with any strategy but I would be interested to know if anyone can see a reason why I should'nt have taken the trade. I entered the trade info on the chart below. I'm Using Ninja as you can see, but the charts/indiacators are set up the same.

At the time, the signal line (red) and trend line (yellow) were still pointing up which in retrospect may have been a detterrent - but maybe I'm just looking for something!

Thanks for any input, and keep up the good work.

Big E, I hope you are feeling better today.

Ceebs
Attached Image (click to enlarge)
Click to Enlarge Name: AUSUSD 11 2 11 8.15.JPG Size: 73 KB
  • #3,395
  • Feb 11, 2011 4:44am Feb 11, 2011 4:44am
Look at the direction of the red line. You did not mention time but there was some Brit news this morning that sometimes affects the Aussie.
  • #3,396
  • Feb 11, 2011 5:08am Feb 11, 2011 5:08am
Cheers for the response. I took the trade at 8.15, well clear of the UK news. I will be looking for red line direction agreement in future.

Thanks
  • #3,397
  • Feb 11, 2011 6:53am Feb 11, 2011 6:53am
Don't worry no set ups, wind ups, only honest questions from me. I can't guarantee they won't be dumb questons sometimes as I'm a learner. Hope your feeling better and all is well. Thanks too for sharing your system with us and having good patience with us newbies.

Quoting eelfranz
2scoops...

Come on now... your question..

What do you find is usually your average profit (pip wise) per trade?

Better ask NeoRio since he says 5 pips per trade... even though he doesn't trade the 5 method.

I spent all day at the hospital and feel rather grumpy... sorry.

[font=Comic Sans MS][size=3][color=#0000ff]Depending...
  • #3,398
  • Feb 11, 2011 6:58am Feb 11, 2011 6:58am
Sorry I think people have misunderstood my question as a thinly vailed pop at BiG E's 5 Method. It really wasn't, it was just a dumb question, out of interest really (so I should know what to aim for). I'm really very very greatful to Big E and the other guys for helping and sharing with the rest of the community.

Now back to the subject of the 5 method......

Quoting realjumper
If I may just jump in here? Pips per trade is an interesting statistic, but that's all it is....interesting. It's not indicative of anything much really because the average depends on so many variables....like the currency pairs traded, the time zone traded, news is a biggie and so on. I think stats are way overrated and subject to interpretation. For instance, I'm a skydiver and the odds of 'going in' and killing yourself is 1:60,000. Given that statistic, I'd better stop when I get to 59,999, right? What if I wear one green sock and one red sock...
  • #3,399
  • Feb 11, 2011 7:14am Feb 11, 2011 7:14am
Here's an example from a few min ago... the HA bar closed outside the channel but TDI didn't confirm ( see my marked candle with red arrows down), bulk ticket entered for 10pip stop with 10/30 pip Tgts for 2 lots. Of course I was stopped out but rightfully so as TDI didn't confirm. An example of how important a checklist can be to ensure nothing is left to judgement. Next trade I will check everything off to ensure all is met. Now being that the 20/240 MAs are over price and if we think of trading away from the MA's should I look for the next swing down to double up or do that with the long? my hesitation with the double up for a long is it would be a counter trend trade and thus more risky.

Anything else anyone see I did wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-15m.gif Size: 14 KB
  • #3,400
  • Edited 10:28am Feb 11, 2011 9:58am | Edited 10:28am
Android38,

Hey buddy. I know a lot of people who go to lower time frames to look for a better entry. It's just part of their trading routine. I know others that don't. I guess it's a matter of confidence... their style works for them.

If I trade a certain time frame... I almost always just use that time frame for entries and exits with the TDI... it works for me.

As you know when you switch to a different time frame all your lines change. If I'm trading X time frame and the line is close to 80 on stochs... I'll really double check the PA and TDI closely... as well as previous Hi's and Lows looking for how much room I've got left and make my best guesstimate for success.
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