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Craig Harris Stochastics Method

  • #141
  • Dec 20, 2009 8:59am Dec 20, 2009 8:59am
Good Morning all...

Craig ALWAYS stresses how important his Big Numbers are. Put these numbers on your chart. Notice how price goes to them. Use 00,, 20, 50,. 80, 00. See the chart below. Good targets.
Attached Image (click to enlarge)
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  • #142
  • Dec 20, 2009 9:08am Dec 20, 2009 9:08am
Can you see the horizontal lines at 00, 20, 50, 80, 00 ? Market goes right to them each time.

SnarlyJack... It works, it works! Proud of you buddy. Thanks for reporting your results... with less stress too. Thanks
  • #143
  • Dec 20, 2009 9:27am Dec 20, 2009 9:27am
This is better.........
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  • #144
  • Dec 20, 2009 9:51am Dec 20, 2009 9:51am
SnarlyJack,

What sessions are you trading? Thanks
  • #145
  • Dec 20, 2009 11:03am Dec 20, 2009 11:03am
Quoting snarlyjack
Eelfranz,

Thanks for all your help!

I've watched a lot of the videos at compassfx and have my charts
setup as you suggest. I've been demo trading and getting about
70 pips a day. I've never been able to get 70 pips a day before
so I wanted to thank you for your help.

At first I was unsure about the 15 minute chart as I
traded the 1 and 5 minute chart in the past. I was more of a
scalper than a swing trader. But I'am making so much more
money now, how can you argue with success $$$. I'am feeling
very good about this way of trading. I'am...

Congratulations Snarlyjack!

I'm mostly a scalper on the M1 M5 but I've never managed 70 pips a day for even a week.
Can you describe the details of how you set up your charts, the entries you took, the TP & SL you set, how you managed the exits, and the hours and days you traded?
I like the method a lot but I'm not quite there and I'd appreciate any insights you can offer.

Best regards,

JR
  • #146
  • Dec 20, 2009 3:10pm Dec 20, 2009 3:10pm
JR... Make sure you watch each video about a half dozen times. Craig shows how to set up your charts too. Looking forward to Snarlyjack's reply.

Just talked via email to PipTalk. His fabulous week was accomplished in the Asian and N.Y. sessions. Great work.

Get your charts set up today for next week. Remember to include horizontal lines reflecting the levels of 00, 20, 50, 80, 00 as targets. Market naturally flows to these levels. Check it out on your charts.

Big E
  • #147
  • Dec 20, 2009 7:01pm Dec 20, 2009 7:01pm
eelfranz;

After watching the compassfx videos. I'am using the basic synergy method. But just what you provided us. I watched alot of the
videos and picked somethings up, like using the price channels.
I'am trading the gbpusd late at night (mountain time) or the London
open.

I use:

1). price channel 5sma hi, 5 sma low.
2). No stochastics, just the TDI Index.
3). The fibonacci levels.
4). Average price bars.

thats it, nothing fancy.

thanks again

snarlyjack
  • #148
  • Dec 21, 2009 2:49pm Dec 21, 2009 2:49pm
Good morning all...

Slept in today and got a late start!

For any of you who has checked out the Synergy System on Compassfx.com websight... You would know that Dean (a professional full time trader) uses two SMA's on his charts. A 5/High SMA and a 5/low SMA. He will take a trade only if one of the first three candles has closed above/below the lines. If it's not within the first three candles on a reversal... he passes on that trade. On his 15 minute chart he says an average trade moves 5-8 candles normally.

You could put those moving averages on your chart in a less noticeable color... maybe using dots. When you see a possible trade coming using craigs/Deans system... there would be two visual things to check out before entering.

1. Is Stochs and/or the TDI lined up...
2. How close are you to one of Craigs Big Numbers.

Remember the natural flow of the markets goes to: 00, 20, 50, 80, 00 lines. You can see it on your charts if you have used horizontal lines at those numbers.

If you enter a trade close to one of those lines you need to be aware of a possible head fake. Craig always shoots for 20+ pips per trade.

You might be more accurate by blending those two systems on your charts. Try it on your chart and take a look. It's your decision...

SnarlyJack... Thanks for the feedback. Big E
  • #149
  • Edited 3:29pm Dec 21, 2009 3:16pm | Edited 3:29pm
Take a look at the Aqua Box...

We have a reversal. Under Craigs method he would have entered at the top of the 1st candle on candle #2. On candle #3 you see that the candle closed above the Synergy magenta dotted line for a confirmation. By blending both together and on a Big Number... your ready to enter.

Once you see the candles rise above or brlow the magents dots you have a trade with strong momentum.

Look at the other reversal areas for the same set up and pips in your pocket!
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  • #150
  • Dec 21, 2009 3:22pm Dec 21, 2009 3:22pm
Chart Above: Click to enlarge...

Follow the red/green lines on TDI up to the next reversal (exit).

Yellow line is a 9 SMA/Close I often put on my charts.

Big E
  • #151
  • Dec 21, 2009 5:16pm Dec 21, 2009 5:16pm
Here is a 15 minute chart on the E/U from the Euro Open to 9AM tjis morning. Suppose this Price Action is strong enough to trade this time period daily? dah
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  • #152
  • Dec 21, 2009 6:36pm Dec 21, 2009 6:36pm
Mid range numbers on your chart... click to enlarge.
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  • #153
  • Dec 21, 2009 7:12pm Dec 21, 2009 7:12pm
I have read the thread a couple of times and viewed the videos 5 or 6 times. Have applied what I learned with success so far. There is a gold mine of information for anyone looking for logical trading info. I grabbed 120 pips on the E/U moves you posted above (I trade that and G/U). I placed a sell stop order on the close of the reversal candle at 5:45 (FXDD broker time) @ 1.4350 & exited at 1.4290 for 60 pips. I entered again on the next reversal candle after the pullback, @ 142.94 for another 60 pips. I see that if I hadn't take a nap, I could have added another 40 or 50 pips on the next move. Oh well, I more than doubled my daily goal anyway. A very good night. Thanks Big E, for this thread and for including proven techniques from Craig Harris. Very logical...must be an age thing.
  • #154
  • Dec 21, 2009 8:03pm Dec 21, 2009 8:03pm
Phx... Thanks. This really is a simple method that makes people a lot of pips as you discovered. Thanks for the report.

NOTE: while browsing I found this indicator that puts support and resistance levels on your chart. Different than the other one. It looks pretty good. I have ADDED it to my charts for testing. It may give you more information when trading. Use it or not plus Craigs Big Numbers. 00, 20, 50, 80, 00. Use it at your own risk.
Attached File(s)
File Type: mq4 Support-Resistance chart levels.mq4   2 KB | 2,296 downloads
  • #155
  • Dec 21, 2009 8:11pm Dec 21, 2009 8:11pm
Standard Heiken Ashi chart with Big Numbers... added new S/R levels indicator in Magenta horizontal lines.
Attached Image (click to enlarge)
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  • #156
  • Dec 21, 2009 11:40pm Dec 21, 2009 11:40pm
Quoting snarlyjack
eelfranz;

After watching the compassfx videos. I'am using the basic synergy method. But just what you provided us. I watched alot of the
videos and picked somethings up, like using the price channels.
I'am trading the gbpusd late at night (mountain time) or the London
open.

I use:

1). price channel 5sma hi, 5 sma low.
2). No stochastics, just the TDI Index.
3). The fibonacci levels.
4). Average price bars.

thats it, nothing fancy.

thanks again

snarlyjack
SnarlyJack

Thanks for the response.
I'm learning to like it simple, too.

Regards,

JR
  • #157
  • Dec 22, 2009 8:44am Dec 22, 2009 8:44am
Hello Mr. E,

i have watched on your charts that you have inserted an indicator for the bignumbers ?

i have tried to setup this in my chart aswell but i am not able to find the indicator that provide me with this levels.

i would like to ask if you could advise me which indicator is used for this purpose ?

myself have tried the indicator 'grid10' but this indicates 100 levels......

gr

Muppet
  • #158
  • Edited 4:11pm Dec 22, 2009 3:31pm | Edited 4:11pm
Quoting PipCop
The correlation between these pairs is interesting to watch.
Should you be in a trade ie: long the EUR/US then take a short on the US/CHF and vice versa for a short on EUR go long on the CHF. The charts shown tell the story.

Happy Trading
PC
You are actually doubling your risk by making 2 trades on the same play. Your better off by simply increasing your lot size for one or the other. both pairs are being compared to the USD, so what happens to the usd effects them both in the same manner, just different direction. I used to do the same thing. Its best to pick 1-3 pairs that dont have the same correlation and leave it at that. A trader isnt obligated to trade everyday if conditions are not favorable. Your time and energy is better spent learning and relearning the system rather than looking for every possible setup on every pair, thats called overtrading. Just trying to help. Im a lookin at the info as well here. The only thing i dont like so far is it sounds like an infomercial. Otherwise I've made these exact revelations in my own trading and this system would seem to have merit. Gl to all using it and hope to see smiling faces and pockets full of pips for all.

So heres my chart setup with the indis. I got a nice s/r indicator borrowed from cobra forex.com. if you like it, its attached below.
Attached Image
Attached File(s)
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 715 downloads
File Type: ex4 THV4 TzPivotsMW (Black).ex4   23 KB | 746 downloads
Whats happening in EUR/USD should be happening to you!
  • #159
  • Dec 22, 2009 7:22pm Dec 22, 2009 7:22pm
The Big numbers ... you add them to the chart by placing a horizontal lines on your chart at these levels... 00, 20, 50, 80, 00 levels. There is no indicator... you have to do it yourself.
  • #160
  • Dec 22, 2009 7:28pm Dec 22, 2009 7:28pm
Bulls & Bears...

The last thing I wanted was to make this thread sound like an infomercial. I have many disclaimers throughout the thread. Guess I just went about it wrong... my first thread.

I just loved the method and my only intent was to share it... unlike many traders who keep tight lipped about things that work but they are unwilling to share.

I apologize to anyone who might have been offended.
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