Craig Harris Stochastics Method

Hi Ozziedave,,,,,,,Regarding the TDI indie,,,I like it very much,,but I am just keeping the charts as clean as possible,,,Less distraction the better,,,,I might alternate as we progress,,,,,,,Thanks,,,

Concerning one of your most recent posts, do you set a limit order to buy at a BNI...such as 1.6123 on cable if you have stochs and BNI agreement? Thanks....Susan~

Hi Go4pips,,,,Yes in this instance,,, my buy/stop was over the BN of 20,,

Also here is the P&L indie (I call it the scoreboard) for anyone that wants keep track of there progress,,,Numbers dont lie! enjoy,,

Hlass,,,Incredible day,,,,While out shopping?? Wow!!

Hlass. thanks for the reply. Nice to see Big E come back. Back to study study and study.

(sorry for my english)
Hi CCE, yeah i called them, just wanted to hear what kind of answer they could try to tell me !

But i m a french guy so, there was a french girl who talked with me but she was not in the trading office and she will suppose to ask the guys who was there when it happened ! So she will suppose to call me when she will have the answer, she told me ! When i see this kind of move on only one broker (44pips more than FX PRO with no significant move on my live account), i can t resist to asking me if this move was like a stop hunting broker things, you know !

Luk

Here is a long trade on the EU 15M chart. We had a bearish thrust candle that failed to take the market lower. A few candles after the bearish thrust candle price broke to the upside. Indicators lined up nicely and entered @ 1.4525 and exited @ 1.4550 for +25 pips.

Rules

　

1. London, NY,Asian Market Trading - GBP/USD - 15 Minute Chart

2. Print out News Calendar - No trades 30 minutes before or after news.
If your in a trade - either exit or really tighten stop Loss.

3. Use Fractals on your chart to visually see and measure swings.

4. Put Tokyo Channel on your Charts - - - 40+ pip spread hi/lo minimum before trading. *** Very Important.

5. Swings should average 20 to 40 pips or more.

6. Enter on second candle using top/bottom of first candle for entry level. Use Buy stop or Sell Stop orders.

7. Exit on big numbers of 00 or 10 or 20 or 35 or 50 or 65 or 80 or 90.
These numbers are your target levels.

8. Lost Trade - Re-enter on the next swing doubling your lot size.
If second trade loses go back to normal lot size.

Swings average 20 to 40 pips on 15 minute time frame. On other time frames the swing size will be different.

**Highest ODDS for profit is trading the EURO Open, London Open and N.Y. Open on the GBP/USD 15 minute chart. Generally it may vary 15 minutes either side of those times. Happens about 3-4 days a week. Longer swings. **

Always trade on a Demo Account when learning new information. Don't risk your trading funds without completely understanding this or others information... Demo trade only.

VIP - Watch all videos many, many times to remember all the information.

FYI!!

Last edited by eelfranz, Dec 15, 2009 7:20pm

Hi,

Warsteiner, please refer to post 474 and study IB or inside bars, google it if you must and when I get time this weekend, I will make a few charts and describe exactly what I look for, but remember, it is more than just an inside bar, one must learn to trade a few different ways, as the mkt. will always do what it wants, so we must be varied in our approach to the mkt., I love this method that Craig Harris emplys, also the Dean Malone style, but I also use IB, bollinger bands and other things like trendlines, s/r, maybe even fibs once in a while, the key is not to get stuck in just looking for a signal of tdi or stochastic crossing, but to learn the natural mvmt of the mkt like Craig teaches, only then when one can understand both how the setup occurs with stochastic or tdi or both and combine that with the mvmts of the mkt will they succeed, so the key is to learn by continually studying and listening to the vids of Craig and also Dean, and in the process of studying, one will get more and more comfortable with seeing what they see on the charts and then become comfortable with trading what they see, and that will garner many pips.

Piptalk, I went out to help wife with her business, not shopping, but just plain good old fashioned hard work, but the payoff was awesome, im over 800 pips this week and very happy, in fact the trades today on gj ej and gu were all full pullout trades, no partials and that is quite nice and only into monday night, very sweet as the average is about 400 pips per week, so maybe this year will be very nice.

Anyway, the euraud trade from last night is at 91 pips with about 20percent of the position still in, remember this entry came due to euraud sitting at or near all time lows, so that is also part of a nice week.

Anyone that has questions, please ask as I will try to help as many as possible.
hlass

Hlass, great trading early in the week wow you have a gift.

I thought I would try the CH method on a high time frame so here is a EU/H4 asian trade I took break of the small red candle closed at +45.

I actually took all indicators and lines off the chart and just left the stoch as it gives me a better feel for the market...

Hlass,,,Thanks for your input,,,,,,,

If you get a chance post a setup before you enter your trade,,,,I think it would help alot of the traders to see your entrys and the end result ,,,,thx!

Bpips,,,Nice trade on the 4hr TF,,I also like the clean chart,,,Thanks for sharing!

Just throwing this out here. I noticed on GU that there was a gap up this week that didnt get filled. At least on my chart. GU H4 now testing the breakout of 1.6088 and may be heading to fill the gap.

Any thoughts or am I off base.

Thanks

Hi everyone,

the price of having breakfast - just missed this very nice set up. Trading out of consolidation.

Wishing you all a happy trading day.

Nick

Wow I was off base on that one GU just ate my breakout area for dinner....LOL

Hi piptalk,

many thanks for sharing your indicator.

All the best.

Nick

Hi Luk, I have the same thing on a chart. FXDD has wider spreads as well. I have the demo but there is no way I would go live with them.

Chart attached, ignore other bits, it is just for the spike

Kolin

Possible setting up for short now

Hi Big E,

This is truly an amazing trading method, its made a big difference to my pip count.
I hope your health improves very soon.


Many thanks,

Noel.

Noel... Thats music to my ears... glad it's helping you and others.

I'm afraid those large spikes were to build up the bonus or vacation fund.

Great discussions and charts. Big E

looks like a good set up?