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Craig Harris Stochastics Method

  • #461
  • Jan 6, 2010 9:56pm Jan 6, 2010 9:56pm
Hi All

I have just seen a video that compares the above and it seems that you could buy all the important indies for just $20.

pipware.com is in the forex 'under evaluation' just like us but the video is on his web site.

Worth watching in my opinion if you want all the data on hourly, daily etc. Myself, I just need the candles!!

Kolin
  • #462
  • Jan 6, 2010 10:24pm Jan 6, 2010 10:24pm
Hi Guys,
Just a note on what CH teaches...
IB's, OB's and other candle formations are covered for his paying students...
He has said as much in the four webinars that I have attended by him thus far...
Also, this link explains the basic application of trading this settup...
http://www.dacharts.com/inside.htm
Hope this is helpful...
Cliff


Quoting HLass
Hi Kolin,

update on trade of eurjpy is 25 pips with about 35percent of position still in, I will post the pic.

Inside bars, I can explain to you very well and will help your trading but I want permission from Big E first before I intrude on the main trading technique here, if Big E says it is ok, then great I will give you a little write up as it has been a long day and quite tired, but I will write up a bit and then tomorrow I will go very detailed.
hlass
I get exercise just pushing my luck
  • #463
  • Jan 6, 2010 10:27pm Jan 6, 2010 10:27pm
Nicely done...

Quoting bpips
Asian session with gbp/usd....Two entries first short +25, second short +10 after bouncing off the big 00.
I get exercise just pushing my luck
  • #464
  • Jan 7, 2010 10:01am Jan 7, 2010 10:01am
Good Morning,

I took two entries on gbp/usd. Both were long breaks of the reversal candles. +30 took profit at the Big 50 and +10 price was stalling again at the 50 area.

Good pipin to all....
Attached Image (click to enlarge)
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  • #465
  • Jan 7, 2010 10:25am Jan 7, 2010 10:25am
Quoting eelfranz
We Do not discuss his Trading Course on this thread. Sorry...

Dan...Thank you for the clarification of the trading hours
I spent much time reading all posts here and it is a great strategy and thank to all of you. I do not know why my simple question was not answered but the answer is that the "free" information and "paid" one are correlated.
I asked because I had intention to be mentored by CH. I know that CH is a great and honest guy but I cannot get any performance results of his trading. Does anybody know here if he is indeed a successful trader and has great trading records? If no then mentoring would be not just useless but harmful. I hope I did not ask some secrets to be revealed? Or I should ask him directly? If it is just a wrong forum to ask this please point me to the right one.
Thanks.
  • #466
  • Jan 7, 2010 12:25pm Jan 7, 2010 12:25pm
Quoting alfobs
I spent much time reading all posts here and it is a great strategy and thank to all of you. I do not know why my simple question was not answered but the answer is that the "free" information and "paid" one are correlated.
I asked because I had intention to be mentored by CH. I know that CH is a great and honest guy but I cannot get any performance results of his trading. Does anybody know here if he is indeed a successful trader and has great trading records? If no then mentoring would be not just useless but harmful. I hope I did not ask...
Alfobs,

Big E is not promoting Craig Harris' course. He is using elements from CH's free material-webinars and free videos- to create a hybrid method that everyone can adapt to their own style. For that, CH's track record, if any, isn't overly important. I'd suggest viewing the free CH webinars and videos on his site and then deciding if the method suits your own style.
If you want third party opinions of the CH mentoring course, go to forexpeacearmy.com. I vaguely recall a post where someone mentioned asking CH for a track record and was told that he "stopped posting them because it didn't help sales."

JR
  • #467
  • Jan 7, 2010 3:51pm Jan 7, 2010 3:51pm
Quoting alfobs
I asked because I had intention to be mentored by CH. I know that CH is a great and honest guy but I cannot get any performance results of his trading. Does anybody know here if he is indeed a successful trader and has great trading records?
I know the last poster referred you to forexpeacearmy.com and with a quick search I found a review from at least one real trader who signed up to his system: http://www.forexpeacearmy.com/forex-...ig-harris.html

Best Regards
Sentiment: Short on cash. Long on hope.
  • #468
  • Jan 7, 2010 4:03pm Jan 7, 2010 4:03pm
Quoting NeoRio
I know the last poster referred you to forexpeacearmy.com and with a quick search I found a review from at least one real trader who signed up to his system: http://www.forexpeacearmy.com/forex-...ig-harris.html

Best Regards
Wow, they tried to roast him. I can hear his skin sizzling,,,,lol.

buls
Whats happening in EUR/USD should be happening to you!
  • #469
  • Jan 7, 2010 4:14pm Jan 7, 2010 4:14pm
I've always wondered why "profitable traders" would sell a system if they are supposedly making good money trading themselves.
Sentiment: Short on cash. Long on hope.
  • #470
  • Jan 7, 2010 5:15pm Jan 7, 2010 5:15pm
Hi,

here is the final results of last nights eurjpy trade 65 pips of which 25 I had and let the rest run while I slept, pretty nice result. I will post the pic and later after dinner I will write a few things about how I use inside bars with my method of trading, if Big E doesnt want the post on the thread, it can just be deleted, no biggie either way, im just here to help anyone that wants help, but would like to keep with the method as it is very good and the tdi I like as it confirms my trades.
hlass
Attached Image (click to enlarge)
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  • #471
  • Jan 7, 2010 5:46pm Jan 7, 2010 5:46pm
Quoting NeoRio
I've always wondered why "profitable traders" would sell a system if they are supposedly making good money trading themselves.
Well, let me tell you that the logic tells you are somehow right but there are some people that are able to share their knowledge, some others simply don't like. It is just the way you see it. Think about it, if you were really good at trading why not teaching others and earn an extra income (Craig course is almost $5,000.00 the big package/person). What really happens is that every time you mention that someone is teaching a new system everyone expect the system like a dinosaur coming down the moon or something really out of this world and then they say (wwooo I expected something different!!!!)Trading is in fact boring, waiting always for a good set up. Why not teach others and earn an extra income!!. You will be seated anyway in front of your computer!!!. I do not see nothing wrong with people teaching. In addition, would you say that James16 or Jackos are not good traders, of course they are, the time has proved they are but they think and take trading as a whole business. Teaching others will not change the markets in any way. Some will lose and some will win .
  • #472
  • Edited 7:16pm Jan 7, 2010 7:00pm | Edited 7:16pm
I know we don't post much about long term charts here but I thought this daily chart of the EJ was very interesting.

Price has been trapped between the green line and red line since March 2009 and each time it's hit either of those points price has traveled up or down to the red or green line. See the zig zag pattern. Now notice the last 2 times when price hit the lower red line. The next to last up swing only came back up to the blue line and with the current up swing we're sitting just below the blue line again. So watch carefully because it's decision time for the pair. Will it continue higher and hit the green line or will price be rejected and go back down to the red line? Either way it could be worth 300-400 pip to you.
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  • #473
  • Jan 7, 2010 7:57pm Jan 7, 2010 7:57pm
Quoting Forexaccount
Why not teach others and earn an extra income!!. You will be seated anyway in front of your computer!!!. I do not see nothing wrong with people teaching. In addition, would you say that James16 or Jackos are not good traders, of course they are, the time has proved they are but they think and take trading as a whole business. Teaching others will not change the markets in any way. Some will lose and some will win .
You are right that there is nothing wrong about teaching others .., but it depends what exact teaching. If some mentor trades and can show his proven trading records it only would give me more confidence in what he is teaching. If I fail after that I should blame myself. If a mentor denies to show his records and I still believed him and took his classes in order to fail later I should blame only ... again myself for being so stupid not to asking the most important question before paying. Trading records of a mentor is the same as a doctor's license. Would you like to be treated by a doctor, whose identity could not be verified? Therefore before handing your money to a stranger, think twice. What I said is no way regards CH, but just general opinion about picking mentors out there. Another issue that most of mentors want to be paid in advance without giving a trial or preview. But what if his personal style is incompatible with a student's mentality. Then money are lost even before he started to trade.
In short it is better to have no mentor at all than a mentor who never profitably traded. Certainly I could go with James16, but CH approach just fits me better.
I agree with JR that it does not matter if CH is a successful trader as long as his methodology is based on a solid foundation that can be adjusted for anybody's style. This thread already showed that this methodology can work and can work very well.
  • #474
  • Jan 7, 2010 8:31pm Jan 7, 2010 8:31pm
Quoting ozziedave
I know we don't post much about long term charts here but I thought this daily chart of the EJ was very interesting.

Price has been trapped between the green line and red line since March 2009 and each time it's hit either of those points price has traveled up or down to the red or green line. See the zig zag pattern. Now notice the last 2 times when price hit the lower red line. The next to last up swing only came back up to the blue line and with the current up swing we're sitting just below the blue line again. So watch carefully because it's...
Ozzie, very interesting post and definitely something for everyone to keep an eye on, thank you very much.

Ok, just a little explanation of inside bar usage if anyone is interested as I dont want to sway anyone away from this great method we are using, I am using it as well, but the best thing I like about this is the TDI since it does confirm my trades and I like that very much.

Inside bar is really just a sort of stalling of price, the way I use it and it is very workable for me, about 92% win ratio, if we had a bullish candle and then the next candle has its entire price fall within the price of the first candle or outside bar, then we have an inside bar as it is inside of the first or outside candle, candle or bar is same thing, I will let price be 2-3 pips outside of the first or outside candle, as soon as this inside bar is broken, it is a trade, of course, and this is different than how we are trading with craig harris method, but I use day 4hr 1hr and 30m charts to see where we are before I even think of trading, once I get my IB break, IB is inside bar, once I get the break and it looks good to me, either bouncing off of my bollinger bands or just in same trend, I will take the trade, I will counter trend trade, but pips will not be as much as with the trend. So in this pic of the eurjpy where I made 65 pips, the entry candle-go back 4 candles the one with the big upper wick which is also another indication of possible short coming up, and a hit off of the bollinger band, the next three candles are all within the outside candle-the blue one with the big wick, once the IB is broke, which is the next blue candle, we will enter, so the candle with the arrow above it that I placed there, once the price of that candle goes lower than the IB, we enter, I also had confirmation on bollinger band bounce and tdi and stochastic were pretty nice as well. Hope this helps, any questions just ask.
hlass
Attached Image (click to enlarge)
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  • #475
  • Jan 7, 2010 8:46pm Jan 7, 2010 8:46pm
Quoting NeoRio
I've always wondered why "profitable traders" would sell a system if they are supposedly making good money trading themselves.
I know this much about the business. Most guys that are remotely successful in a professional sense at trading require what they call "seed" money. Some like to genuinely teach (very very few), some are a little bored or just like to multitask and make more money, but all of them view their account as just that, their "trading" account, and dont like to live off of that money. The system of trading is supposed to compound that acct over time into the retirement nest egg. So selling a system to trade or mentoring is like to us getting another part time job to pay for the xtra stuff we like to keep us comfortable. Theres nothing wrong with it. The problem is most of them dont care or have a concious and are just their to collect a payday. Thats where it becomes wrong.

I know this much to. Almost 100% of the good ones are not so commercialized with selling you a system. They dont WANT to be percieved as a hungry wolf after your money so they keep it a little more lower key and do bend over backwards to fullfill their obligation as a teacher because they do so well trading, and genuinely care, they dont have to make a fortune selling a sytem. Just need the "seed" money. Thats how I tell them apart....

bulls
Whats happening in EUR/USD should be happening to you!
  • #476
  • Jan 7, 2010 9:19pm Jan 7, 2010 9:19pm
Hello everyone,

Hlass thanks for sharing the inside bar set up. I think that any extra edge is worth looking for.

I have almost two weeks of testing the CH system taking nothing but textbook swings and breaks of the reverse candle for entry using the break out candle as a stop loss.

I have had a couple losers but the next trade I double and make the loss back plus pips.

I don't know about CH's track record but if anyone want to see mine I am happy to show them.

I have been testing this set up live on my micro account. You can look back a few pages as I have been posting my charts with entries.
  • #477
  • Jan 7, 2010 9:56pm Jan 7, 2010 9:56pm
Asia session a little slow but was able to squeak out +17 on a long brake out. Entered on the magenta line long. Price stalling again before the 50 so I took profit.

I started using the TDI after watching the videos. I think it may add a little bit more confidence in holding trades longer.

Good Pippin.....
Attached Image (click to enlarge)
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  • #478
  • Jan 7, 2010 9:58pm Jan 7, 2010 9:58pm
Hi ,,,Great info still flowing from everyone,,,Thanks!!! Price action tonight pretty quiet,,,ok,,,anybody trade gold?,,,,Heres a fun easy way to trade gold,,,,,From the open of the day,,I use 30 min TF,,,, Around 3:00pm PST,,Until 8:00pm PST, if gold is plus or minus $3.00,, ADX over 20,,, go short or long depending on the bias,,, with three contracts,,,,Mini Micro,,,,whatever size for your comfort zone,,,,,1st contract tp +$5.00,,,Second tp +$10.00 Third let run and set to breakeven,,,,If your still in profit by the next day just let keep going,,,,TP at next major S/R...You can also tighten your take profits from l $5 ,,,,to $3 or $4....I know a trader that kicks A_ _ Using this technique,,,,,Watch out tomarrow morning ,,,, NFP!!! Up over 10% this week using Craigs trading method,,,,,No complaints!!!
  • #479
  • Jan 7, 2010 10:15pm Jan 7, 2010 10:15pm
On the Gold trade,,,use an initial stop of $6.00,,,,,,,,,,,,,,
  • #480
  • Jan 7, 2010 10:23pm Jan 7, 2010 10:23pm
Quoting NeoRio
I've always wondered why "profitable traders" would sell a system if they are supposedly making good money trading themselves.
Do the math. $5000 (per person) x 100 (number of students per year) = $500,000 for selling education.
Another math $250 (per month) x 50 (people) x 12 (months) = $150,000.

Plus, trading is a lonely business. I would love to chat with others while I trade or trade as a team. Matter of fact, trading in front of people makes me to be more conservative hence reduces margin of error.

So the scenario is, that I will trade my money, other people's money, and broadcast what I do in online trading room and collect fees. What can be more fantastic than that? Only if you are a profitable trader.
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