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Craig Harris Stochastics Method

  • #821
  • Jan 19, 2010 9:48am Jan 19, 2010 9:48am
Jazman,,I ended up with about 35 pips,,,As I scaled out until I had a small position on the trailing stop,,,,,,,,

I am glad you are drawing trendlines,,KEEP PRACTICING THEY ARE VERY ACCURATE FOR SUPPORT AND RESISTANCE,,,,,,,,,
  • #822
  • Jan 19, 2010 9:50am Jan 19, 2010 9:50am
Quoting piptalk
Hi Nick,,I just use the standard 00:00----8:00...gmt


Jazman,,,Hows it going?...BE,,,Break even,,,Scaling out ,,,Taking profits as the pair goes deeper into profit,,,,As soon as I go to BE I just let the pair run w/ zero risk at that point,,,,,Hope that helps...
Bumpy, as usual.

Taking pair as the pair goes deeper into profit? As soon as you go to BE, you just let the pair run with zero risk?
Im sorry. Didn't really get that.
  • #823
  • Jan 19, 2010 9:52am Jan 19, 2010 9:52am
We are still in the BUY zone,,,Above trendline,,,Look for a bounce on the trendline,,,,Be patient,,,
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  • #824
  • Jan 19, 2010 9:54am Jan 19, 2010 9:54am
Quoting piptalk
Jazman,,I ended up with about 35 pips,,,As I scaled out until I had a small position on the trailing stop,,,,,,,,

I am glad you are drawing trendlines,,KEEP PRACTICING THEY ARE VERY ACCURATE FOR SUPPORT AND RESISTANCE,,,,,,,,,
+35? Damn. I shouldve banked that. Oh well..
Thanks to you and other teachers in this thread.

I will. Practice makes perfect. Well, in this case, practice make winning more to your favor.

Well, waiting for another long on the bounce of that trendline.
  • #825
  • Jan 19, 2010 10:01am Jan 19, 2010 10:01am
PipTalk,

I also have a trendline on GU H1 of which is still bull. As a matter of fact, it was bullish since Jan 7.

What do feel about this? My intention is to have a confirmation of a trend on higher TF as to what many said higher TF gives a better S&R and trend direction.

Am I doing it right?
Attached Image (click to enlarge)
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  • #826
  • Jan 19, 2010 10:17am Jan 19, 2010 10:17am
PipTalk & bpips,

What other pairs that you trade using this method? I mean, it "must" be a low spread pairs as every pip counts?
  • #827
  • Jan 19, 2010 10:23am Jan 19, 2010 10:23am
I got stopped early on a short waited for next set up and doubled up on pips made back my loss...short gu
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  • #828
  • Jan 19, 2010 10:28am Jan 19, 2010 10:28am
Quoting bpips
I got stopped early on a short waited for next set up and doubled up on pips made back my loss...short gu
stopped on SL?

Waiting for it bounce off the trendline. Waiting for the first bull candle and entry on the second.
  • #829
  • Jan 19, 2010 10:34am Jan 19, 2010 10:34am
Testing support off the TL.............Wait for consolidation,,,and stoch aggreement
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  • #830
  • Jan 19, 2010 10:35am Jan 19, 2010 10:35am
Thats a pin bar on that red arrow?

Also, does price action of this sort as viable as on higher TFs?
Attached Image (click to enlarge)
Click to Enlarge Name: gu 19012010 a trade missed pin bar.gif Size: 37 KB
  • #831
  • Jan 19, 2010 10:41am Jan 19, 2010 10:41am
5 min chart,,,See where it goes...........
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  • #832
  • Jan 19, 2010 10:45am Jan 19, 2010 10:45am
6370 might be a good long entry......
  • #833
  • Jan 19, 2010 10:52am Jan 19, 2010 10:52am
Indeed. Triggered
  • #834
  • Jan 19, 2010 10:57am Jan 19, 2010 10:57am
Ok,,,,See if it holds above new mini trend ,,,stop @6338
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  • #835
  • Jan 19, 2010 11:33am Jan 19, 2010 11:33am
OK,,,,I just took a profit of 7 pips and new stop at 6364....Almost done for the the .....after last night and today....+80 pips,,,,Hope this helps...thx
  • #836
  • Jan 19, 2010 11:40am Jan 19, 2010 11:40am
Quoting piptalk
OK,,,,I just took a profit of 7 pips and new stop at 6364....Almost done for the the .....after last night and today....+80 pips,,,,Hope this helps...thx
Same here. +7.4
This trade is very memorable.
I was just wondering how many orders that you have for this trade?
  • #837
  • Jan 19, 2010 11:42am Jan 19, 2010 11:42am
How many orders??....Not sure what you mean
  • #838
  • Jan 19, 2010 11:43am Jan 19, 2010 11:43am
Mmm..

U said u took profit of 7. Then setting a new stop.
  • #839
  • Jan 19, 2010 11:46am Jan 19, 2010 11:46am
Oh,,,Yes I still have a partial contract outstanding,,,This time I took 75% of my contract out for the 7 pip profit,,and i the letting the bal go with the new stop in place for now..I might set it to breakeven soon,,
  • #840
  • Jan 19, 2010 11:48am Jan 19, 2010 11:48am
Quoting piptalk
Oh,,,Yes I still have a partial contract outstanding,,,This time I took 75% of my contract out for the 7 pip profit,,and i the letting the bal go with the new stop in place for now..I might set it to breakeven soon,,
Hows that possible? I mean, im using FXCM Tradestation II. Contract size ranging from 10k to 100k++. This is so new to me.
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