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Craig Harris Stochastics Method

  • #901
  • Jan 23, 2010 10:16am Jan 23, 2010 10:16am
Quoting podgy
Hi HLass.can you also tell us what are your settings for Trend Slope Line and how you incorperate it in with your trading.Thanks
Podgy,

All that line is is a lagging indicator just like all indicators, it is something I used to use, but no more, I was just comparing it to the channel 5 ma's that I have taken off, if u want to compare it and see what it looks like just place a 5 simple moving average set to close and u will see how close it is to the lagging moving average that I stupidly left on there, just use what we have here, the craig harris method is best I think, because it is close to price action usage, measuring swing highs and lows, I do it a bit differently with bollinger bands and candle formations such as Inside bars, which I will do a write up on soon enough, just keep working the CH method and scroll your charts to see the setups to know what to do when they present themselves, practice and more practice and with help from everyone here in the thread, there is a good chance for pips just following the rules. Have a great weekend.
hlass
  • #902
  • Jan 23, 2010 12:03pm Jan 23, 2010 12:03pm
hi

did you trade short the first trade?
stochastic wasn in a good way... and your color sma was green (i think that means long).... yust my thoughts

how can i get this color sma?
i am very exciting to here something about bollinger bands. for me, its a point more to trade, if the price action were before at the bb.

now i am a subcriber of the original criag harris method and i have to say, this here in the thread is a very very very good work. very similiar to the original. i am happy meetin some people here with a big knowlegde
great

have a good weekend all


Quoting HLass
Hi everyone,

Been busy helping wife and so many other things, got some trading in on asian last night and again this morning, needless to say, not the greatest trading, especially this morning, friday is hit and miss and I rarely do it, but I guess I had my head up my a** or somehting like that, took a 30pip loss on gu and then made 18, it is whisaw today on gu and really all over the mkt, no real direction, probably best for scalping 5-10 at a time, but im done for the week I cleared 324 pips, was 13 wins and 3 losses which is ok, but not good...
  • #903
  • Jan 23, 2010 12:47pm Jan 23, 2010 12:47pm
hi

you are on a good way - dont stop it. because
winners never quit and
quitters never win

i am at the beginning too but if i can give you and advice. make fixed rules and follow them. not going inside a trade before all rules correct. i think for the beginning its a good way. hope that helps

good trades


Quoting NeoRio
Hello everyone. I wanted to share some of my trade examples from the last 2 days. For the record, I'm still a very new trader, I've been doing this for less than a year. I almost gave up last month because I've lost quite a bit of money since starting out. Believe it or not, I didn't trade my money away myself, I actually gave my account to others to manage for me...including a paid service that blew my account down to...
  • #904
  • Jan 24, 2010 8:24am Jan 24, 2010 8:24am
Hi all,
I have read up to page 10 of messages so far. Please excuse me if this question has already been asked.
( I am at present due to work comitments unable to trade the 15min time frame )
1/ Has the origanal system been tested on larger time frames 4hrs and above. if so what degree of success/ failure was noted.
2/ If these time frames are also good to trade, is there any settings / advice that anyone can share with me.

Thanks in advance

Nightpipper.
  • #905
  • Jan 24, 2010 9:40am Jan 24, 2010 9:40am
Quoting nightpipper
Hi all,
I have read up to page 10 of messages so far. Please excuse me if this question has already been asked.
( I am at present due to work comitments unable to trade the 15min time frame )
1/ Has the origanal system been tested on larger time frames 4hrs and above. if so what degree of success/ failure was noted.
2/ If these time frames are also good to trade, is there any settings / advice that anyone can share with me.

Thanks in advance

Nightpipper.
Hi Nightpipper...Welcome to the thread!!....Here is a pic of the 4hour chart,,,As you can see the CH method works on all time frames,,,,I placed red verticle lines to graphically display ideal trade setups ,,,You only have to increase your stop/loss based on the higher distance from the swing highs and lows....I will post a couple 4h setups on the gpb/usd or eur/usd,,,, when I see them,,,,,,,,,Good Luck!!
Attached Image (click to enlarge)
Click to Enlarge Name: 10 4h.gif Size: 86 KB
  • #906
  • Jan 24, 2010 11:41am Jan 24, 2010 11:41am
Quoting HLass
Podgy,

All that line is is a lagging indicator just like all indicators, it is something I used to use, but no more, I was just comparing it to the channel 5 ma's that I have taken off, if u want to compare it and see what it looks like just place a 5 simple moving average set to close and u will see how close it is to the lagging moving average that I stupidly left on there, just use what we have here, the craig harris method is best I think, because it is close to price action usage, measuring swing highs and lows, I do it a bit differently...
Thanks HLass,looking forward to write up
  • #907
  • Jan 24, 2010 5:33pm Jan 24, 2010 5:33pm
Hi Piptalk,
Thanks for the info and chart. Has helped clear up a few things one being the stochs are required to be in or very close to the high 80 range or the low 20 range to catch the near beginning of a range.(This was not mentioned on craigs way of trading which has suprised me.)are stochs fast & slow required to cross each other?
I will be testing out this way of trading as looks very good (on 4hr & Day time frames).
Will await your charts and any other info you can provide us all.
PS. Do you not use the DYNAMIC INDEX indi ?

thanks
Nightpipper


Quoting piptalk
Hi Nightpipper...Welcome to the thread!!....Here is a pic of the 4hour chart,,,As you can see the CH method works on all time frames,,,,I placed red verticle lines to graphically display ideal trade setups ,,,You only have to increase your stop/loss based on the higher distance from the swing highs and lows....I will post a couple 4h setups on the gpb/usd or eur/usd,,,, when I see them,,,,,,,,,Good Luck!!
  • #908
  • Jan 24, 2010 5:59pm Jan 24, 2010 5:59pm
Quoting nightpipper
Hi Piptalk,
Thanks for the info and chart. Has helped clear up a few things one being the stochs are required to be in or very close to the high 80 range or the low 20 range to catch the near beginning of a range.(This was not mentioned on craigs way of trading which has suprised me.)are stochs fast & slow required to cross each other?
I will be testing out this way of trading as looks very good (on 4hr & Day time frames).
Will await your charts and any other info you can provide us all.
PS. Do you not use the DYNAMIC INDEX indi ?

thanks
Nightpipper...
Hi NP,,,No prob,,Glad I could help....

As far as the stoch go,,,According to CH ,,He just wants the stoch to point in the 12-2,,,,or 4-6 angle, Regardless of its position,,,,I tend to look for the overbought/oversold stoch,,,for signals,,,but subject to PA...Fibs,,,etc.

I want to keep my charts a clean as possible,,,so havnt included the dynamic index ,,, more of a personal preferance...

Have a good week!
  • #909
  • Jan 25, 2010 9:04am Jan 25, 2010 9:04am
GU gave us a nice up move perfect looking entry and Im kicking myself for looking at EU instead of GU..but here is the set up that I didn't take hope someone got it...
Attached Image (click to enlarge)
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  • #910
  • Jan 25, 2010 9:58am Jan 25, 2010 9:58am
NP,,,,,Heres a 4H TF setup...........+30 from the entry
Attached Image (click to enlarge)
Click to Enlarge Name: 4 h setup.gif Size: 60 KB
  • #911
  • Jan 25, 2010 10:40am Jan 25, 2010 10:40am
Quoting bpips
GU gave us a nice up move perfect looking entry and Im kicking myself for looking at EU instead of GU..but here is the set up that I didn't take hope someone got it...
Bpips,,,,Nice call,,,,,this swing has produced about a 100+ pips so far,,,
  • #912
  • Edited 11:57am Jan 25, 2010 11:12am | Edited 11:57am
Just got back to the house from running around town...
Shorted the GBPUSD at 1.6238...1/2 of retrace of 15m Pin Bar...
also, have Sell Limit orders at 1.6250, 1.6250, and 1.6300...
Let's see how end of London session plays out.
Cliff

Update: Pulled the Sell Limit orders...
Moved SL to BE...
TP at 1.6210
Free trade now...Hero or Zero

Update: Chicked out...Couldn't let it go to BE ...Closed trade with +5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 1-25-10.gif Size: 74 KB
I get exercise just pushing my luck
  • #913
  • Jan 25, 2010 11:12am Jan 25, 2010 11:12am
Current look,,,short@ 6228...stop 6251,,,,tp 6202
Attached Image (click to enlarge)
Click to Enlarge Name: lower h.gif Size: 48 KB
  • #914
  • Jan 25, 2010 11:18am Jan 25, 2010 11:18am
Hey Pip...Hear anything as to what is moving the Pound Sterling?
I get exercise just pushing my luck
  • #915
  • Jan 25, 2010 11:24am Jan 25, 2010 11:24am
Hey CCE...Not sure,,,I just follow the PA and charts,,,,Swings,,,Maybe a little push from the support of .6000
  • #916
  • Jan 25, 2010 11:54am Jan 25, 2010 11:54am
Quoting piptalk
Current look,,,short@ 6228...stop 6251,,,,tp 6202

i am in too but i think trend is strong up and pa goes up from 23.6 fibo-level

first trade today - puh
  • #917
  • Jan 25, 2010 12:08pm Jan 25, 2010 12:08pm
NightPipper... Welcome aboard.

I always trade with Heiken Ashi candles because I prefer their smoother flow and I can read them.

Craigs method works on any time frame. Always use the 8,3,3 Stochastics for this system.

Years ago I discovered the Traders Dynamic Index on compassfx.com . No matter what system I'm trading the TDI is on my chart... always.

I remove all lines but the green and red. I enter a trade when green crosses red and exit when green starts to curve over.

On Craigs system here I always make sure that PA lines up with the stochastics before taking a trade. Watch all of his videos several times. I've watched them 15-20 times each by this point as refreshers each time.

4 hour charts work fine as PipTalk advised. Daily works too if thats all you can trade.

You found a great group of folks here. They always help,

Big E
  • #918
  • Jan 25, 2010 12:49pm Jan 25, 2010 12:49pm
Quoting warsteiner72
i am in too but i think trend is strong up and pa goes up from 23.6 fibo-level

first trade today - puh
Your right,,,lots of upside right now with the gpb/usd.....If you get 10+ then take it and then go to breakeven,,,,Good luck
  • #919
  • Jan 25, 2010 12:57pm Jan 25, 2010 12:57pm
i was short as you, now i am 28 pips behind and soon out.
biggest loss for over a week.
i hate losing and i hate this dawm monday
  • #920
  • Jan 25, 2010 1:37pm Jan 25, 2010 1:37pm
Quoting warsteiner72
i was short as you, now i am 28 pips behind and soon out.
biggest loss for over a week.
i hate losing and i hate this dawm monday
Slight divergence with the stoch...Maybe,,,,, things will turn south,,,I have my stop at 6252,,,,
Attached Image (click to enlarge)
Click to Enlarge Name: diver.gif Size: 48 KB
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