Craig Harris Stochastics Method

The following 4 trades were taken at 6:00 PM PST - 2/21/11 - 4 HOUR

Charts are by FXDD

1. EUR/USD - short at 1.3592
2. GBP/USD - short at 1.6178
3. EUR/GBP - Short at .8404
4. EUR/CAD - short at 1.3389

I will update as the trades progress.

Up 65 pips on this AUD/USD trade. See post 3639 for entry. Adjusted stop to B/E plus 10 pips.

hi, guys, just wonder, since Mr Big E`s 5 methode have so simple rules. is that possible to make a semi-automatic-EA. when all the rule line up , EA will make sound alert , then you can check the chart , to see if it is trade able . yes, it is useless on the daily chart, but I think will be a big help on the 1hr or small TF chart.

Took this trade at market open today on A/J, entered at 83.81 with a 75 pip SL and 100 pip TP.
Still in U/J trade which is slow going but positive.

Big E apologies if you've already posted this but what SL and TP are you using at the moment on the 4HR and Daily charts. Also when would you move your SL up to BE, when your maybe 50 pips up?

2scoops,

The only time I use a S/L is if I'm going to bed and the trade is still open. Often in profit I set the S/L to B/E + the spread on the 4 hour chart. I don't use a S/L when trading the Daily... my entries are very careful. I don't use T/P's.

It's difficult to trade the 4 hour and go to bed. Many times you were up 50-70 pips and while you were sleeping it reversed and you end up at B/E. If your entry is correct on the Daily chart... rarely does It come back to entry within that 24 hour candle.

It's safest to use a S/L on all timeframes. T/P's are a personal choice based on your experience.

MoneyMaker20...

Forex trading is lonely and boring in most cases unless your scalping on the low charts... then it's fast action and terrifying sometimes...

I switched to trading 4 hour and Daily charts so I didn't have to sit at the screen all day... and it works for me...

What method would work on the lower time frame. Can you suggest a method and the time frame so that I would not be bored.

Could this be shaping up for a trade tomorrow on this daily?

is this one good to go now on the 4HR?

Doesn't look good on the 1HR though (2nd chart).

This has just hit it's TP, both 4hr and 1hr now looking over sold and Daily Range three times it's norm.
UJ trade still running at +37 pips.
Looks a good set up on G/U one of the few pairs running to it's "normal" range.

That 4HR one I posted earlier turned out ok, up about 50 pips since I posted it. BigE - how important is looking at lower time frames for confirmation?

AUD/JPY Daily.....Does this look tasty BigE?

I took these 2 entries today at 6:00 am PST - 2/22/11

Charts by FXDD

1. EUR/CAD long at 1.3480 - I took 46 pips on this trade and closed it. I missed my TP (60 pips) by 1 pip and did not like the retrace.
2. EUR/GBP long at .8464 - still open - down 5 pips as of 12:20 pm PST

Hi Big E!

Is here some setups on daily maybe? By the way, at what time (I am in GMT+1 zone) the daily candle changes??? Can't spot it somehow!

Here it is!

I just took this two daily trades....will see tomorrow the results! I am in GMT +1 zone, so here is 23:00. Have to put SL for the night. I frankly don't know how much SL to put on the Daily chart? Will try to put 70 PIPs, and 100 PIPs TP. Any suggestions are welcome!

Vanaris... Call your broker and ask them... simple...

Wow... thanks everyone for posting charts... please keep it up. Congrats on the pips made too...

I made a trade this morning on the G/J Daily chart... entered early relying on experience... It's still active and I'm up $854...

Sorry... I've been out all day. My charts updated 1 hour ago...

the BUT means you make the decision to trade or not... this is not a trade service...

Daily Charts Only: 5 method

G/U... probable entry tomorrow
U/CHF... beautiful runs, will probably turn Thursday.
U/CAD... ready for long, BUT in downtrend , 1 hr. has reversed.
A/D... ready for short BUT close to last low, red flat on TDI.
U/J... late entry, BUT 1 hr. TDI has turned, red/green flat.
A/J... ready for short BUT 4 hr. sto flat, TDI reversal.
A/CAD...ready for short, BUT close to previous low, TDI bad
E/G... ready for long, BUT 4 hr. TDI green line down.
G/J... ready for short BUT 4 hr. TDI green reversal.

Your learning how to analyse. Pick your trade and do it on Demo to learn. Post your results tomorrow...