Craig Harris Stochastics Method | Page 190 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Stochastics Settings 12 replies

bo7a method... method for GBP/JPY 205 replies

Stochastics 3 replies

Math question: equating hourly stochastics/rsi with daily 3 replies

Slow Stochastics Indicator 1 reply

Attachments: Craig Harris Stochastics Method
Exit Attachments

Craig Harris Stochastics Method

  • #3,781
  • Feb 28, 2011 5:46pm Feb 28, 2011 5:46pm
SnarlyJ...

I don't use the 89 sma. If a chart is bouncing back and forth over the 5 ema... it must be pretty flat. I'd look for another chart to trade.
  • #3,782
  • Feb 28, 2011 7:56pm Feb 28, 2011 7:56pm
Quoting NeoRio
This is my manager of choice too, Steve. I use MYFX every day. It *does* have OCO though, when and if you enter 2 POs on the same pair, each in a different direction, it gives a pop-up window asking if you want to treat the trades as OCO. You can select to have them treated as OCO or not.

Regards,
Neo
Neo, glad to see that you use it. I've come to respect your views here, so good to know that I'm in the same camp as you. My broker is MB Trading and I listened to the MyFx webinar last week sponsored by MB Trading even though I've had the program for a month. I thought they said the OCO function wouldn't work with US brokers. Well, I just went in and placed two pending orders and got this message, "Failed to Open. The amount of open and pending orders has reached the limit set by the broker." So it appears that I can't.

It's not a problem for me, because I normally don't use that function. But if I do, then I can use FX Executor Pro which I got as part of a giveaway last year. Since everything is "hidden" and not stored at my brokers, I can then have the function of OCO.

That's what I know at this end. Take Care!

Steve
  • #3,783
  • Feb 28, 2011 8:35pm Feb 28, 2011 8:35pm
Quoting SteveW
Neo, glad to see that you use it. I've come to respect your views here, so good to know that I'm in the same camp as you. My broker is MB Trading and I listened to the MyFx webinar last week sponsored by MB Trading even though I've had the program for a month....
Thanks for the kind words. I've been using MYFX for about year now. It has reduced my losses greatly, as I use a default SL setting.

Since MBT is a US broker, they do not allow hedged positions (this was one of the main reasons I went with Dukascopy over MBT). So while MYFX does support OCO trading, it will not work with a US broker. Are you saying that MBT is now allowing hedged positions?

Kind Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
  • #3,784
  • Feb 28, 2011 9:23pm Feb 28, 2011 9:23pm
Quoting NeoRio
Thanks for the kind words. I've been using MYFX for about year now. It has reduced my losses greatly, as I use a default SL setting.

Since MBT is a US broker, they do not allow hedged positions (this was one of the main reasons I went with Dukascopy over MBT). So while MYFX does support OCO trading, it will not work with a US broker. Are you saying that MBT is now allowing hedged positions?

Kind Regards,
NeoRio
Neo, no MBT does not allow hedging. FX Executor Pro is a script that keeps everything on your own computer and doesn't share it with the broker. It's meant more for deal desk operations, not for an ECN such as MB Trading. Because it holds all order information on your own computer, it does allow for OCO with any broker...at least the way I understand it.

You can google it to find out more about it. Hope this helps.

Steve
  • #3,785
  • Feb 28, 2011 11:51pm Feb 28, 2011 11:51pm
hi steve,
thanks for the info on myfx.
norman
  • #3,786
  • Mar 1, 2011 12:05am Mar 1, 2011 12:05am
Quoting SteveW
Neo, no MBT does not allow hedging. FX Executor Pro is a script that keeps everything on your own computer and doesn't share it with the broker.
Sounds like a great alternative to be able to use hedged POs with US-based brokers.

Thanks for sharing
Sentiment: Short on cash. Long on hope.
  • #3,787
  • Mar 1, 2011 3:15am Mar 1, 2011 3:15am
Quoting eelfranz
Galldg,

Your not trading the 5 method... what system are you using. On the 5 method you would have entered 4 candles earlier... for a profit going short.
Hi Eel,
I was watchin the EURUSD using the 5 method but it hadn't crossed below the 50 line on the TDI, as soon as it did I took the trade short.
I take it that with the 5 method the green crossing the red and the angle of the green is a more important factor that where they cross on the TDI (ie above/below 50)
When the PA closes below 5 EMA you look to the TDI for confirmation, the confirmation you are looking for is green below red (and yellow?) and a good angle on the green. Have I got it yet?
In your experience are you greatly reducing the probability taking the trade before it crosses the 50 line or do you find that a steep green TDI is a strong enough indicator.

Thanks and have a great day trading,
Galldg
  • #3,788
  • Mar 1, 2011 4:46am Mar 1, 2011 4:46am
Was wondering the same thing. I've watched Dean Malone's TDI vids where he mentioned that above 50 is the buy zone and vice versa. I guess the text book setup (to go long) is green above red above yellow and above 50.

However it seems for the 5 method based on the screenshots posted, that the 50 line cross is not as important as the angle of the green and the red pointing in the right direction.

But perhaps Big E can elaborate futher.
  • #3,789
  • Mar 1, 2011 5:51am Mar 1, 2011 5:51am
I think Big E has posted several times about this. The green above/below the yellow, red and the 50 is the safest method but when you become confident and experienced enough with the 5 method you don't always need to wait for green to go over the 50. I still follow the safe method as I'm still very new to trading.
  • #3,790
  • Mar 1, 2011 8:13am Mar 1, 2011 8:13am
EUR/CAD - Short at 1.3410

2/28/11 @ 2:00 PM PST - (3/1 @ O:OO FXDD chart time)

Input please.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 13 KB
Without vision, the people will perish.
  • #3,791
  • Mar 1, 2011 8:43am Mar 1, 2011 8:43am
Quoting TheSnowman
Didn't you know that you can drag & drop (copy) the complete MT4 folder to a USB and run it from any computer?

Trade at work, that what I do even with firewall, proxy & password !!!
Hi Snowman, did you have to open ports? I cannot get the platform to work at work b/c the 2 way ports it needs are not open for communication? Did you use a workaround in your case?
  • #3,792
  • Mar 1, 2011 10:06am Mar 1, 2011 10:06am
Hi everyone!

I wanted to show this video of Dean's about the average price bars.
Look for set up bars that fit in the category of Normal or Strong APB. This should help to increase success on our trades.

http://www.compassfx.com/video/flash/22108/22108.html

Enjoy the video

Happy Trades
Could it be Man is trying to be something without knowing they're complete?
  • #3,793
  • Mar 1, 2011 10:55am Mar 1, 2011 10:55am
hi，guys. show you my two lost trade.
GBPUSD: the red vertical line is where I took the short trade:the yellow vertical line is where I exit trade. Entry:TDI green cross down from TDI yellow. TDI red also point down. this trade goes well at begain. +12 pips. then went to North. hit my SL. because I was away from computer. I set my SL at last swing high from my entry, if I was look at my chart, I should be exit at first blue price bar also at same time TDI green flat .

EURGBP: the red vertical line is where I took the long trade, the yellow vertical line is where I exit trade.
Entry: the green TDI alomst cross yellow TDI. ( the TDI green was Deviation with price bar), TDI red point up. should be exit at first red price bar appear. - 10 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5 method2.jpg Size: 80 KB
Click to Enlarge Name: 5 method3.jpg Size: 117 KB
  • #3,794
  • Mar 1, 2011 10:59am Mar 1, 2011 10:59am
the one I should take but I miss it because I was sleep.
USD CAD: long entry at red vertical line. the TDI green cross yellow TDI, and TDI red point up.
Attached Image (click to enlarge)
Click to Enlarge Name: 5 method1.jpg Size: 118 KB
  • #3,795
  • Mar 1, 2011 11:05am Mar 1, 2011 11:05am
Michael -

Looks to me like the problem is that the TDI was at the extremes on both trades. TDI was at or above 68 on the long trade, and at or below the 32 line on the short trade. In both cases very lttle room for moves in the direction you anticipated.
  • #3,796
  • Edited 1:22pm Mar 1, 2011 11:18am | Edited 1:22pm
Numb3es...

Thanks for posting that video. I'm sure it will help all traders.

For more information about Average Price Bars or the TDI, go to www.compassfx.com and go to their ARCHIVED VIDEOS. Dean has posted hundreds of training videos by CATEGORY (like TDI, etc). He has helped thousands of traders become real traders over the years.
  • #3,797
  • Mar 1, 2011 11:37am Mar 1, 2011 11:37am
Galldg,

Your Question:

1. When the PA closes below 5 EMA you look to the TDI for confirmation, the confirmation you are looking for is green below red (and yellow?) and a good angle on the green. Have I got it yet?
2. In your experience are you greatly reducing the probability taking the trade before it crosses the 50 line or do you find that a steep green TDI is a strong enough indicator.

#1... As a more experienced trader I'm looking for green under red when considering a short trade. I also look at the previous hi/lo and next lower time frame to see what it's doing. This is an aggressive trading style. A consecrative style would wait for green under red, yellow and the 50 line which is the safest...

#2... The aggressive style is looking to make more pips... sometimes it comes back to bite me but most of the time I prevail.
  • #3,798
  • Mar 1, 2011 11:41am Mar 1, 2011 11:41am
Quoting johnsund
Michael -

Looks to me like the problem is that the TDI was at the extremes on both trades. TDI was at or above 68 on the long trade, and at or below the 32 line on the short trade. In both cases very lttle room for moves in the direction you anticipated.
look closely please, it is opposit by what you said. TDI yellow near 68 for the short, TDI yellow near 32 for the long
  • #3,799
  • Mar 1, 2011 11:46am Mar 1, 2011 11:46am
usdtrader,

For me your right.
  • #3,800
  • Mar 1, 2011 11:48am Mar 1, 2011 11:48am
2scoops...
0 traders viewing now