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Craig Harris Stochastics Method

  • #61
  • Dec 14, 2009 9:07am Dec 14, 2009 9:07am
Hi Big E--I am in the Pacific time zone too (CA). Are we "getting together" from midnight PST til 3:00 PST? I have been trading from 5:00am PST, but can change my sleeping habits if need be.
  • #62
  • Dec 14, 2009 9:18am Dec 14, 2009 9:18am
Big E., simply great!
  • #63
  • Dec 14, 2009 11:22am Dec 14, 2009 11:22am
Is anyone catching the long swing up that is going on right now (9:20am PST) up 85 pips now. I got out at +30.
  • #64
  • Dec 14, 2009 12:22pm Dec 14, 2009 12:22pm
Yes .,,,It was a nice setup...Still room for more downside,,,,Maybe,,,Took 1/2 profit ,,,Balance at breakeven,,TP1 160.80 TP 2 160.60,,150 pips+ in the last 18 hrs,,,Following the Big E!!
  • #65
  • Dec 14, 2009 12:48pm Dec 14, 2009 12:48pm
Hi piptalk--I don't quite understand your numbers, but sounds like you did beautifully. I went short at 1.6290 and looks like my stop loss will be hit at 1.6320. All indications were indicating price was heading down again.
  • #66
  • Dec 14, 2009 12:56pm Dec 14, 2009 12:56pm
Quoting piptalk
Yes .,,,It was a nice setup...Still room for more downside,,,,Maybe,,,Took 1/2 profit ,,,Balance at breakeven,,TP1 160.80 TP 2 160.60,,150 pips+ in the last 18 hrs,,,Following the Big E!!
Hi Piptalk, nice trade but what is that pair, 160.80 ?

Luk
  • #67
  • Dec 14, 2009 1:03pm Dec 14, 2009 1:03pm
OOPS!!!,,,Meant 162.80 and 162.60.....On the gpb/usd
  • #68
  • Dec 14, 2009 1:06pm Dec 14, 2009 1:06pm
Just a note of caution, the TDI indicator repaints. If you leave it on your charts for several hours then change time frames and come back, the TDI indicator will look different than when you first changed time frames.

This doesn't mean the indicator is useless. It does mean that any back testing will be invalid. It also means that you may enter a trade then maybe changed time frames and come back and your signal is gone.

I know this from personal experience in using the indicator.
  • #69
  • Dec 14, 2009 4:20pm Dec 14, 2009 4:20pm
Good Mornin' all ...

Wow... What a night and morning. The market was throwing buckets of pip's at you! If you would trade the times that Craig recommends you would need help carrying them like PipTalk... it took 3 trips to his vault!

I've got a big bomb I'm gonna drop on you all in the near future that will keep you busy carrying your pip's to your vault. Nothing you couldn't learn if your paying close attention and studied the charts for 2 years like I did. I'll share it when I'm ready too.

Magnum... The TDI indicator continually updates and that's why you see those changes when you switch timeframes... that's a good thing. More current information.

Red Trader ... Thank you kind sir. Just following your lead buddy! Hope you'll stop by often old friend.

LawGirl ... Attended Law School in San Diego in the early 70's but chose to spend my life as a contractor. Retired 10 years ago. Hey, I think we should all move to London. We could make gobs of pip's and not lose any sleep. Glad you joined us.

I think traders are going to like this thread. Look at the numbers in only three days. Heck, we're just warming up folks.

Big E
  • #70
  • Dec 14, 2009 4:52pm Dec 14, 2009 4:52pm
Quoting piptalk
OOPS!!!,,,Meant 162.80 and 162.60.....On the gpb/usd
What time zone are you in piptalk, and what hours are you trading? I am not seeing the profits that you are. Thanks so much for sharing.
  • #71
  • Dec 14, 2009 4:56pm Dec 14, 2009 4:56pm
Use this for time...vertical lines draw by yourself if you need them...
Attached File(s)
File Type: mq4 P4L Clock.mq4   37 KB | 1,501 downloads
The Market pays you to be disciplined
  • #72
  • Edited Dec 15, 2009 6:59am Dec 14, 2009 5:23pm | Edited Dec 15, 2009 6:59am
I need to review the Tokyo Channel I think because not everyone understands it...

After years of research Craig discovered the importance of the market swings you see on your charts. Till now we have all seen them but so what? Always has and always will - right ?

Ever wonder how come if your lucky enough you might make as much as you lose when trading. Come on now you can't fool me because it happens to everyone of us. Well... until you learn basic things --- after doing A LOT of research... that will never change for you. Sorry. Fact's are facts. Learning to trade the forex is like being in school the rest life. If you cut classes I promise I'll take care of all those pip's you gave me unknowingly and enjoy the vacation you should have taken. I want you to know I appreciate it --- really!

Back on Subject: Initally I watched these viedos over a dozen times. Each time I learned something I missed the last time I watched it... you will to. It's called re-enforcement...

Alright... Unless your a scalper and grab 2-5 pip's normally per trade... The market is like your car motor in some ways. Example: Each day it starts up again at 0:0 here or (2PM Pacific Standard Time) where I live. When it starts up it needs time to warm up. As it's slowly warming up the swing cycles in the market grow bigger and bigger. Craig discovered that once your favorite pair cycles from the start of a new day ... more than 40+ pip's ( top to bottom)... your market is ready to trade on the 15 minute chart. (It usually takes hours for that to happen from the start of the new day, therefore we have the Tokyo Channel to guide us.) Why the 15 Minute Chart? That's what his research is based on number 1, that's what he trades and at the 40+ area your swings are 80-90% going to run from 30-60 pip's. That's your EDGE... happens 80-90 % of the time.

This thread is about what Craig discovered in The Natural Flow Of The Market. You want to modify it for your style... ok. I'm just presenting a highly proven method/information that WILL keep you in pip's the rest of your trading career... plain and simple.

So when your Tokyo Channel hits 40+ pip's... you can turn on your cars heater because the pair is warmed up and your pair is ready to trade... got it? Your pair is yelling at you... trade me, trade me...

Just remember that on the 15 minute chart you should expect 30-60 pip swings 80-90% of the time. That's power folks. Took someone else years to find that edge and it just got dropped into your lap and you didn't earn it! If you don't use that edge, well it's like you just walked by that $100 bill laying on the ground and didn't bother to bend over and pick it up. You got the knowledge now... so what are you going to do with it?

Personal Note: When the Tokyo Channel hits 40+ pip's I personally feel safer expecting 20-40 Pip Swings.


Big E
  • #73
  • Dec 14, 2009 6:10pm Dec 14, 2009 6:10pm
Hi Lawgirl21,,,I am on PST,,,,I took the breakout lastnight used the 5:45gmt candle for a buystop at 162.12 ,Stoch showing oversold,,Got lucky on last nights Dubai spike,,,,,Then just waited,,,Stoch showed overbought,,,So I waited for the reversal candle @ 7:45gmt candle for a sell stop,@162.97, Overall over a 150 pips,,,,Went short this morning PST on the 19:45 gmt candle,,,Didnt get much out of that trade though,,,Hope this helps,,,Right now things are pretty quiet,,,
  • #74
  • Dec 14, 2009 6:29pm Dec 14, 2009 6:29pm
Quoting eelfranz
Magnum... The TDI indicator continually updates and that's why you see those changes when you switch timeframes... that's a good thing. More current information.
I realize that the current candles data will change until the candle closes that is normal, however, TDI will redraw even 100 candles back if you switch time frames and come back. If I change time frames and come back to the same time frame a good indicator will not change the information.

The code for the indicator is written to scan right to left instead of the correct way which is left to right. I will let it run on a chart for a while then show you how it repaints making it a dangerous indicator to use.
  • #75
  • Dec 14, 2009 6:32pm Dec 14, 2009 6:32pm
Oh my... the sky is falling, the sky is falling. Is that you when you lose a trade? Many traders feel terrible, shook up, lost their confidence and on and on. Until you stop doing that you will always be a trader in the 80-90% group who fails. Tough love here kids.

Because I'm teaching you the facts Craig so kindly shared with us I can help you overcome that... well, Craig can using his learning, testing and methodology.

Come on folks, in forex a loss is no big deal. Accept them. It's 100% certain their going to happen. You can't dodge that bullet.

You already know the generic answer to that problem... right? Always using stops and good money management. If you choose not to use them I promise to send you a postcard while I'm on your vacation that you lost to me and others.

Most traders hear this over and over but few practice it and that's why you end up as bait instead of the shark. Pros love and appreciate newer traders (1-3 years generally) because they are the bait. Why? Because they are undisciplined and won't follow the rules. Simple but true... hello... keep reading...

Under the RULES of Craigs program. If you lose a trade... double your lot size on the next swing. The ODDS are more in your favor that you will make up that loss and probably put a few extra pip's in your pocket.

The few times you might lose that second trade are minimal. But if you do lose it... on your 3rd trade go back to normal lot size on following trades. This SECRET again dropped into your lap freely. This is one of the reasons why Craig has so few losing days... few and far between.

Craig is Disciplined and ALWAYS follows the rules and odds without exception. Double up, check your Stochastics and/or TDI. If it's good... take the trade.

Why do you suppose in Las Vegas and Atlantic city the Casinos ALWAYS play the odds. Because they win. Learn by their example.

Big E
  • #76
  • Dec 14, 2009 7:23pm Dec 14, 2009 7:23pm
Magnum,

Well. All I can say is Dean is a full time trader and trainer who has taught all over the world. He has produced many highly successful systems and indicators. His following is huge!

If you personally think he's wrong I suggest you take that up with him. You might then have a better understanding why he made it the way he did.

I don't care how far I go back on my charts... it has always done a fabulous job for me. It is the one indicator that I ALWAYS have on my main chart.

In my opinion it is more reliable than Stochastics, runs smoother lines and gives me a better view of the trade so I don't get out too early and makes my exit timing superior.

I only use the red and green (lime green) lines on the TDI indicator and don't care about the blue or yellow lines. Too busy for me.

When stoch crashes on the top or bottom of it's channel... I observe the flow of the red and green lines on the TDI. As long as their smoothly rising or falling I'm still in the trade. I use it for entry and exits both. It's the most reliable indicator I've ever used. Just my personal feelings.

If your not happy please contact Dean. Thanks, Big E
  • #77
  • Dec 14, 2009 7:33pm Dec 14, 2009 7:33pm
Quoting mima
Use this for time...vertical lines draw by yourself if you need them...
Thanks Mima, the clocks help alot.
  • #78
  • Dec 14, 2009 7:38pm Dec 14, 2009 7:38pm
Quoting piptalk
Hi Lawgirl21,,,I am on PST,,,,I took the breakout lastnight used the 5:45gmt candle for a buystop at 162.12 ,Stoch showing oversold,,Got lucky on last nights Dubai spike,,,,,Then just waited,,,Stoch showed overbought,,,So I waited for the reversal candle @ 7:45gmt candle for a sell stop,@162.97, Overall over a 150 pips,,,,Went short this morning PST on the 19:45 gmt candle,,,Didnt get much out of that trade though,,,Hope this helps,,,Right now things are pretty quiet,,,
Thanks piptalk, I compared the timing of your trades to mine and I was just off. I was short on the 4:45 candle when the Dubai spike hit like a tidal wave and lost 50 pips....boom..in the blink of an eye. Will recover this week though.
  • #79
  • Dec 14, 2009 7:44pm Dec 14, 2009 7:44pm
For anyone who might be interested the G/U on the hour chart has been in a 150 pip range for four days...
Attached Image (click to enlarge)
Click to Enlarge Name: 12-14-09.gif Size: 18 KB
  • #80
  • Dec 14, 2009 8:01pm Dec 14, 2009 8:01pm
Hello Big E., Tex here. Great info Will be following along . Tex
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