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Craig Harris Stochastics Method

  • #221
  • Dec 29, 2009 1:15pm Dec 29, 2009 1:15pm
Couple of nice setups today ,,,yellow lines show candle breaks,,, netted over 60 pips,,,,Total,,,,Useing Craigs system,,,Although I waited for stoch,,,os/ob ,,,then entered on the break of the big #s,,,Hope this helps,,,
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  • #222
  • Dec 29, 2009 1:41pm Dec 29, 2009 1:41pm
Another setup,,,Real time
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  • #223
  • Dec 29, 2009 9:11pm Dec 29, 2009 9:11pm
piptalk, do verify taking the trade by checking compliance with the 15 min charts?
Whats happening in EUR/USD should be happening to you!
  • #224
  • Dec 30, 2009 2:29am Dec 30, 2009 2:29am
possible setup occuring now
  • #225
  • Dec 30, 2009 5:53am Dec 30, 2009 5:53am
Quoting Djl
As for his hours of trading, he has said that he trades the London open for 3 hours for the best volume, volatility and certainly where most of the days ADR is usually established.
In contrast to this, he trades the later US session after the London close for teaching and trading in more of a ranging type market. Dan
There is another thing that emerged from the last webinar.
He said that often there is a good retrace of the day's movement.

On the day that I heard that, I checked and it was so.

Something to keep in mind and to watch out for.

Kolin
  • #226
  • Dec 30, 2009 7:48am Dec 30, 2009 7:48am
Big E I could'nt resist adding this picture, well spoken on your post.
Attached Image
  • #227
  • Dec 30, 2009 8:12am Dec 30, 2009 8:12am
Quoting BullsAndBear
piptalk, do verify taking the trade by checking compliance with the 15 min charts?
B&B,,,, Not sure what you mean by compliance?
  • #228
  • Dec 30, 2009 8:15am Dec 30, 2009 8:15am
The pip average is between 30-60, the average swing is between 5-6 candles. A few things to look at is prior S/R, price will stall at the big numbers and consolidate,or push through and continue . Consolidation is 2 or more candles, to trade out of the consolidation go 2 levels. Keep in mind also which way Stochastics is pointing 12:00- 2:00 or 4:00-6:00.

Quoting Walsanshu
gbp & eur both have reversal bars that have been exceeded on the downside. Price has pulled back up (hopefully just momentarily). For the euro the first "big number" is .4420. The next as I understand is .4410 (an intermediate), then .4400. Would Craig's TP target be the 30 pips he often touts, or one of those "big numbers"-- or the intermediate .4410? Stochastics appear to be in agreement.
  • #229
  • Dec 30, 2009 9:24am Dec 30, 2009 9:24am
Dean at compassfx has numerous videos on Divergance try this video for starters http://www.compassfx.com/video/flash/70609/70609.html
When you get to compass click on Watch Archived Synergy Videos, dean has numerous topics to choose from. Hope this helps

Quoting Walsanshu
Big E,
You shared an indicator awhile back that I'm trying. Don't understand the "reverse divergence" thing. Could you explain please.

On another note, I've listened to Craigs webinars several times. He trades the first 3 hrs of London open, goes to bed for 3 hrs, then gets up and trades the closing 3 hrs of London. After London closes is when he does his teaching / training.

Wally
  • #230
  • Dec 30, 2009 11:34am Dec 30, 2009 11:34am
Here are some highlights & adjustments:

10. At the London close if Price Action is in the upper or lower quarter of the Tokyo Channel... look for retracements

Hello Mr. E,

in this thread you have made a list with a 10 point highligts.
i have taken point 10 from that list and would like to ask is it possible to have a chart with the explanation to understand this better perhaps ?

greetings,

muppet
  • #231
  • Dec 30, 2009 1:52pm Dec 30, 2009 1:52pm
Hello, just wanted to give a shout-out to Big E for this great thread! Thank you!


I’ve been enjoying this thread for the past couple of weeks and have read it twice. I have a couple quick questions about the Tokyo Channel, then one quick one about the TDI indicator.

Tokyo Channel: If the “spread” does not reach the 40+ pip required move by 0:00 EST, but does eventually pass the 40 mark later on (whether in the first hour of the Frankfurt session, or the first hour of the London session…or even later), would that mean that we wait to trade that pair till it has passed the 40 pip range…regardless of when it eventually does pass that mark?



And likewise, if the pair passes the 40 pip range before 0:00 EST, can we begin trading as soon as it passes that mark?—even if neither the Frankfurt nor the London sessions have opened?

TDI: Is there a way to stop the TDI indicator from re-painting the yellow line when changing TFs? The yellow line is the only one that re-appears (after having taken it off) when you change the TF…and any color settings also revert back to the default settings. If there is no way to stop this, I suppose I could just leave one chart set to M15 at all times.


Thanks in advance,
Neo
Sentiment: Short on cash. Long on hope.
  • #232
  • Dec 30, 2009 2:33pm Dec 30, 2009 2:33pm
Kolin... Love the disclaimer above... lol

HAPPY TO SEE ALL THE INTERACTION ABOVE... KEEP IT UP.

Craig said that when a pair hits it normal Daily Range... it tends to retrace.

Make sure your entry --- lines up with the stochastics before entering.

Great job everyone. Won't be long before the markets pick up again.
  • #233
  • Dec 30, 2009 2:48pm Dec 30, 2009 2:48pm
Quoting piptalk
B&B,,,, Not sure what you mean by compliance?
do you look for the 15 min to agree with the direction trading on the 5 minute...
Whats happening in EUR/USD should be happening to you!
  • #234
  • Dec 30, 2009 2:55pm Dec 30, 2009 2:55pm
Neo...

Start trading as soon as you have 40+ pips or more. He does not trade until the London Session... Why? Obligations, schedules, time with the kids, etc.

TDI... Can't change it...sorry. I've done it a million times for each new chart.
  • #235
  • Dec 30, 2009 3:20pm Dec 30, 2009 3:20pm
Quoting BullsAndBear
do you look for the 15 min to agree with the direction trading on the 5 minute...
No,,,I just use the 15 min TF for this method using entries and exits,,,Although,, it might be a good idea to look at the 1 hour tf and draw s/r lines for the day. If I was trading the 5 min tf,,,Then I would certainly observe the 15 min. for overall trend direction,,,Take care!
  • #236
  • Dec 30, 2009 3:56pm Dec 30, 2009 3:56pm
Third and last time...

Trade the Opens... Look at G/U15, E/U15 and others at the U.S. Open this morning. If you were trading 1 full lot... you would have paid for Christmas this year and next.

The trade might start 30-45 minutes before or after the open but so what. Look back every day for 30 days. You could make a living only trading opens.

Happens 3-4 days a week...

Hundreds of pips at your finger tips... for the taking...
  • #237
  • Edited 5:45pm Dec 30, 2009 4:15pm | Edited 5:45pm
The most difficult part for all of us is trying to trade the London session. The big moves have past us by and we are glued to the computer waiting for the next move to happen. I did a study on the A/U using the 15min chart plotting each best swing. I recorded the times, pips, Tokyo channel, and the methods. Craigs reversal started and then the Synergy would follow 2 to 3 candles later or both methods in agreement at the same time, breaking the PA channel, along with the TDI. I was amazed at the results when I compiled all the information.
Look to the far right of the excel sheet and you will see 4 columns Pacific- Pips and Eastern-Pips. I colored coded the times to make it easy to view.

Red Eastern 10:00am to 1:00pm
Pacific 7:00am to 10:00am

Blue Eastern 9:00am to 10:00am
Pacific 6:00am to 7:00am

Maroon Eastern 6:00am to 8:30am
Pacific 3:00am to 5:30am

There are other times listed, you have your choices.
This is my first time using excel, I did the best I could to show the information and graphs. This should give you the EDGE to catch the next big move. This repeats over and over and look at the pips these moves have generated. My suggestion to you is to do the same on your favorite pair.
I hope this was clear for you to understand, any questions feel free to ask

Good Trading
PC
Attached File(s)
File Type: xls Times_for_Audand_Us.xls   36 KB | 1,281 downloads
  • #238
  • Dec 30, 2009 4:28pm Dec 30, 2009 4:28pm
Muppet...

Craig said... "At the London close if Price Action is in the upper or lower quarter of the Tokyo Channel... look for retracements".

Please be willing to take the time to go back into your G/U Charts on your own initative and look where this condition occurs. Post that chart if you have questions then please.

You should be able to answer your question by looking at the chart... but if not... were here.
  • #239
  • Dec 30, 2009 4:37pm Dec 30, 2009 4:37pm
Quoting PipCop
[size=4][color=blue][size=3]The most difficult part for all of us is trying to trade the London session. The big moves have past us by and we are clued to the computer waiting for the next move to happen. I did a study on the A/U using the 15min chart plotting each best swing. I recorded the times, pips, Tokyo channel, and the methods. Craigs reversal started and then the Synergy would follow 2 to 3 candles later or both methods in agreement at the same time, breaking the PA channel, along with the TDI. I was amazed at the results when I compiled...

pipcop,


are these trades actually taken? i dont see entry and exit points. Not to seem like a cynical critic, but you can always go back and look at a swing and count the pips it made. Entering and exiting with said pips is a completely different story. Were you able to capatilize on any of these moves?

bulls
Whats happening in EUR/USD should be happening to you!
  • #240
  • Dec 30, 2009 4:38pm Dec 30, 2009 4:38pm
PipCop... Wow buddy. You spent some serious time putting that together. Thanks.

I encourage anyone with questions here to ask PipCop.

Great work. Big E
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