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Craig Harris Stochastics Method

  • #841
  • Jan 19, 2010 11:51am Jan 19, 2010 11:51am
Thanks Michael....I was unaware of the brokers in Australia...do you have a live acct with the one in Australia? I appreciate all that you are doing and have done to help all readers of this thread. Are you a fulltime trader? It has been my hope to make this a new career as employment opps are very difficult to find where I live. I am so serious about my forex trading and I appreciate your help. Thank you again for everything....Susan~
  • #842
  • Jan 19, 2010 11:53am Jan 19, 2010 11:53am
Were running into a little wedge,,,,See what happens............
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  • #843
  • Jan 19, 2010 12:04pm Jan 19, 2010 12:04pm
Quoting jazman
Hows that possible? I mean, im using FXCM Tradestation II. Contract size ranging from 10k to 100k++. This is so new to me.
Hi Jazman,,,,Try FXCM,,,,Mt4 platform,,,You can scale out fractionally...Does that make sense,,,
  • #844
  • Jan 19, 2010 12:08pm Jan 19, 2010 12:08pm
I love a wedge,,,When it goes in our favor!,,,lol
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  • #845
  • Jan 19, 2010 12:10pm Jan 19, 2010 12:10pm
If your feeling gutsy,,,Go long on the retracment
  • #846
  • Jan 19, 2010 12:29pm Jan 19, 2010 12:29pm
Im using FXCM MT4 Demo too for my chart as I hate Marketscope. Hmm.. Let me see. I will try to figure that out.

Wedge. Thats also new to me What are the characteristics of the wedge formation, I you don't mind explaining.
  • #847
  • Jan 19, 2010 12:31pm Jan 19, 2010 12:31pm
Its when the pair consolidates to form a tight wedge,,,Usally you will get some form of price action from the squeeze,,,,
  • #848
  • Jan 19, 2010 12:35pm Jan 19, 2010 12:35pm
Quoting piptalk
Its when the pair consolidates to form a tight wedge,,,Usally you will get some form of price action from the squeeze,,,,
Noted. Whats ur comment on the current move? Since price broke that wedge on the downside, of which I assume will be trying the support line again.
  • #849
  • Jan 19, 2010 12:38pm Jan 19, 2010 12:38pm
yes,,,but we are still in buy zone,,,,because we are above original lower trendline
  • #850
  • Jan 19, 2010 12:42pm Jan 19, 2010 12:42pm
keep drawing your lines as the day progresses,,, if you have the time,,,,for me i am done until the asian session,,,,,My favorite saying,,,,THE MORE I TRADE THE LESS I MAKE,,,,,,LOL
  • #851
  • Jan 19, 2010 12:45pm Jan 19, 2010 12:45pm
Quoting piptalk
yes,,,but we are still in buy zone,,,,because we are above original lower trendline
YES!
Correct me if Im wrong, while it still in bull, another agreement to go long on TDI and Stoch will be considered. Im trying not to counter trade.
  • #852
  • Jan 19, 2010 12:51pm Jan 19, 2010 12:51pm
You got it,,,,,,,
  • #853
  • Jan 19, 2010 12:53pm Jan 19, 2010 12:53pm
Quoting piptalk
keep drawing your lines as the day progresses,,, if you have the time,,,,for me i am done until the asian session,,,,,My favorite saying,,,,THE MORE I TRADE THE LESS I MAKE,,,,,,LOL
YES! Definitely. Its 2:47AM here so Im a bit dizzy now.. LOL

Yeah. We prone to make more mistakes. As what a trader here on FF said, be super picky with your trades.
  • #854
  • Jan 19, 2010 12:55pm Jan 19, 2010 12:55pm
Quoting piptalk
You got it,,,,,,,
Thanks!!!!
  • #855
  • Jan 19, 2010 7:57pm Jan 19, 2010 7:57pm
Quoting piptalk
NeoRio welcome back!
Glad to be back! Just caught up on the 20+ pages of this thread that I missed by being gone on a one week vacation!

Quoting piptalk
Dont forget opening gap play
Quoting piptalk
Heres a fun little BEGINNING OF THE WEEK opening trade........If you have a broker that opens at 2:00 PM PST,,,My timezone,,,,,,,,Wait 15- 30 min and countertrade the gap opening,,Again ,,you should wait for the reversal candle and place stop under/over swing candle,,,,Use 5min TF,,,,Usually good for 25-40 pips!! One thing to be aware of though is the spreads are fairly wide during the first few hours of trading,,,,,,,,,,,
Pip, I'm aware of gap trading, but I thought it might be helpful to see a chart with an example of your style of gap trading...the one you mention above; waiting 15-30 minutes after the market open (Asian open?), etc.

For those interested, I've updated the PDF file that has the basic rules as well as the latest important comments from people on this thread that compliment this Craig Harris method we're learning and which deserve to be in our official notes.

Best Regards,
Neo
Attached File(s)
File Type: pdf Craig Harris Method.pdf   187 KB | 1,117 downloads
Sentiment: Short on cash. Long on hope.
  • #856
  • Jan 19, 2010 8:37pm Jan 19, 2010 8:37pm
Quoting volatilemonk
As to the active trade room, I have only been there for a week and I will at least catch a few more sessions before I comment beyond what I am about to. ...each session they start by going through each pair and stating what they are looking out for. Then they comment as the pairs move, and they do respond to questions so it is great if you think you see a setup, and get immediate feedback from them as to what they think.
Do they have audio in the chat room?--or chat only? Is it a Skype chat room or a dedicated room setup by compassfx? Do they do trade calls and suggest when to enter a trade? Do you see Dean Malone making his pips in front of you?

Thanks
Sentiment: Short on cash. Long on hope.
  • #857
  • Jan 19, 2010 9:21pm Jan 19, 2010 9:21pm
Keep an eye out,,,,
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  • #858
  • Jan 19, 2010 9:21pm Jan 19, 2010 9:21pm
Quoting NeoRio
Do they have audio in the chat room?--or chat only? Is it a Skype chat room or a dedicated room setup by compassfx? Do they do trade calls and suggest when to enter a trade? Do you see Dean Malone making his pips in front of you?

Thanks
Well, I have been on the active trading room since last Thursday and yes, Dean speaks all the time. At the beginning he goes pair by pair explaining and even giving his possible entries. this happens at 7:00AM. They have two sessions 1 session from 1:00 AM to 4:00AM and the other from 7:00AM to 10:00 AM ET. Regarding making pips the guy shows at the end of the session all his trades. Today for example if I remember well I saw 340 pips for the day. Last Friday he showed like 90 pips. He trades lives and for real. He does not give you the exits but he may comments about the price development for every pair during the day . My thought is that it is worth the money you pay. Doing half of what he does pays the fee they charge.

Note: I am just a simple trader that enrolled last Thursday. I do not get pay for saying this. OK??? After the first month I should have a better feedback.
  • #859
  • Jan 19, 2010 10:16pm Jan 19, 2010 10:16pm
Thanks for the PDF, Neorio. And what a great post from Hlass. Actually I learnt a lot from you guys. Also it definitely helps new trader. Great job!
  • #860
  • Jan 20, 2010 7:24am Jan 20, 2010 7:24am
Quoting chrislee073
Thanks for the PDF, Neorio. And what a great post from Hlass. Actually I learnt a lot from you guys. Also it definitely helps new trader. Great job!
Yes. Everybody is very helpful. God bless all of you people!!
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