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Craig Harris Stochastics Method

  • #941
  • Jan 26, 2010 4:12am Jan 26, 2010 4:12am
Took some wild trades today. Good news is that I ended my day with +95 pips (when I add up the "doubling" positions I took to compensate for losses). Had 2 nice trades, then I got stuck in a trade when the first news came out and in a few minutes I was -120 on the EJ! Held on to it till it came back down and added to my position with other pairs and had a decent close to the trading day. Here is a pic of a GJ trade I took. I don't normally trade the GJ, but needed some additional pips to compensate and all Yen pairs were plummeting pretty quickly with news.

Best Regards,
NeoRIo
Attached Image (click to enlarge)
Click to Enlarge Name: gj winner.gif Size: 35 KB
Sentiment: Short on cash. Long on hope.
  • #942
  • Jan 26, 2010 4:14am Jan 26, 2010 4:14am
Quoting carlen68
Long is 1-2pm angle and Short is 3-4pm angle on a clock.
I think it's actually 12-2 for long and 4-6 for short.

Quoting carlen68
Would be nice to find his stoch indicator that changes color for only those angles.
Actually, I received PMs from several members of this thread saying they found all the CH indicators for only $20. Anyone know where to get those from?
Sentiment: Short on cash. Long on hope.
  • #943
  • Jan 26, 2010 4:14am Jan 26, 2010 4:14am
Hi Neo,

nice write up, thanks for that. He also mentioned filtering the trades based on his MA's - only go long if above/short below. Do you know which MA's he is using?

Thanks again.

Nick


Quoting NeoRio
Just finished listening to CH's webinar....
  • #944
  • Jan 26, 2010 5:05am Jan 26, 2010 5:05am
Took a wild ride tonight for about 29 pips, I chickened out and
liquidated my position. Should have held for a longer period but
profit is profit.

tks

snarlyjack
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  • #945
  • Jan 26, 2010 10:18am Jan 26, 2010 10:18am
I missed the first long off the bottom but got in at 51 cross of big number long. Took 3 position off at +15 letting 2 run....
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  • #946
  • Jan 26, 2010 10:28am Jan 26, 2010 10:28am
Hi all,

Well im using wifes computer, which is so slow and I cant find a dang way to show my arrows of entry and exit, but I got a red vertical line that will have to suffice till I get my puter back hopefully very very soon.

Thanks to Neorio for the help of some indicators that I could place on my charts in my wifes puter, made it at least enough to be able to have some guidance to my trading, anyway took my position at the break of the middle boly band and also it had broke earlier off of lower boly band but I wasnt near puter at the time, with the day being so busy and not using my trusty puter, I took the entire position off at 35 pips, I rather bank some money this week being that was my first trade of the week. Any questions on the trade, just ask.

Bpips, nice trades, nice entry, good job buddy. Bollinger bands sure help lead the way, dont they-lol

hlass
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
  • #947
  • Jan 26, 2010 11:21am Jan 26, 2010 11:21am
Hey Rivet...welcome to the thread...look forward to you sharing your trades...
If you are unaware of Neo's PDF...here is the link...
Craig Harris Method...pdf
Good trading...
Cliff



Quoting rivet
NEO ... you are marvelous. Quick work on the note taking. It must be said, and I know it has been said plenty of times, that the support you contributors are making to many of us traders is sensational. Thanks. Thanks too must go to Craig for what he shares freely eh! Seems like a wonderful bloke.

I've been into forex for exactly one year now working solidly part time and this is my first input to a thread. I have read through and cut and pasted the 'BEST OF' from this thread. (i'm having a go at pasting it - again first time. I've hit a snag....
I get exercise just pushing my luck
  • #948
  • Jan 26, 2010 11:31am Jan 26, 2010 11:31am
Quoting bpips
I missed the first long off the bottom but got in at 51 cross of big number long. Took 3 position off at +15 letting 2 run....
Second position stopped at +4...Done for day...Wait for asia to trade again...

HLass good pipin today on backup computer...I got up late so missed that move across the bbands. Good job...
  • #949
  • Edited 7:43pm Jan 26, 2010 12:24pm | Edited 7:43pm
Hi guys n' gals,
Wasn't able to trade earlier...got up on time but other things were pressing...like trying to think...you know, simple stuff, right?

Thought I'd share my two trades today. Both outside of Craig's time recommendations.
Both are short scalps.
You can see that while the EU continued to climb the GU did not...
That's the market, eh? No way to really know which way it will move...
I find that when I apply the rules set out by CH, eelfranz, HLass, bpips, Piptalk, et al. that things go well for me...it's when I jump the trade too soon, too anxious to get it going, that I end up having my ass handed to me by the market.
Good trades to all...
Cliff
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU_5pip scalp.gif Size: 85 KB
I get exercise just pushing my luck
  • #950
  • Jan 26, 2010 1:12pm Jan 26, 2010 1:12pm
Just watched his webinar last night. Has anyone on this thread bot the program?

If so, does anyone attend his live sessions on skype while he is trading?

Have you been watching him long enough to know what kind of win rate he has?

He never spoke about his recovery method for losers, but i guess it could take 2 to 4 trades to get your money back.

Have you ever experienced that?
And how many legs does he usually take to recover?

Thanks.
  • #951
  • Jan 26, 2010 2:37pm Jan 26, 2010 2:37pm
Quoting magnumdbl
Just watched his webinar last night. Has anyone on this thread bot the program?

If so, does anyone attend his live sessions on skype while he is trading?

Have you been watching him long enough to know what kind of win rate he has?

He never spoke about his recovery method for losers, but i guess it could take 2 to 4 trades to get your money back.

Have you ever experienced that?
And how many legs does he usually take to recover?

Thanks.
Hi magnum, welcome to the thread. I don't know of anyone who is a paid member of Craig's program. I don't know if anyone knows of his results. I believe he is rated on peacearmy.

I can only answer for myself as far as recovery. I use a stop at either the top or bottom of reversal candle so my stop is in the 20 pip area. If my stop gets hit I will double my next trade. Now I have only had to do this two times and both times I recovered my loss and made pips on top of that. I guess I have only had two loses using craig's method because I will put on multiples and take some profit at lower than 20 pips normally around 10-15 and then let some run with stop at break even. That profit taking is not Craig's method just my own. Craig will use an average 35 pip stop if he doesn't get his 20 pip target he lets the trade take him out at 35 pips and then looks for next trade while doubling the pip value...
  • #952
  • Jan 27, 2010 2:49am Jan 27, 2010 2:49am
I got up to trade with Rio we both got this one. I took profit at the big number 20 with +17 after being slipped. But it was late 230 am for me I just wanted some London pips...
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  • #953
  • Jan 27, 2010 8:51am Jan 27, 2010 8:51am
Hi everyone,

still on wifes puter, but with a bit of luck should have my trusty machine back this afternoon

bpips and neorio nice trading, hope to join in that London party a bit next week, at least 2 times

took shorts on eu and gu today, was a little late to the party as 30m and 1hr charts had already showed a move that was on its way, but i got my little part as today there is lots of news and fomc announcement later today means today is not best trading environment, moves wont be sustained and its chancy at best, so take what u can get and get out, so I did, I took 30 on gu with 20percent left just in case it runs down a bit although who knows but got to give my trade that chance and I took eu out with 24 so 54 pips and maybe a few more, anyway this weekend I will do a write up on how to use bollinger bands with the CH method and how I trade with this great indicator that is very close to PA, and I will also do some more explaining on inside bars, ok take care everyone.

hlass
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 30 pips.gif Size: 23 KB
Click to Enlarge Name: eu 24 pips.gif Size: 23 KB
  • #954
  • Jan 27, 2010 11:13am Jan 27, 2010 11:13am
HLass, nice trading there. Im looking forward to your write up on the bbands.

I was up until about 3:30 since I saw all the news for the NY open I figured I wouldnt have traded so I caught up on a little shut eye but looks like the news didn't create any spikes but you never know...Good pipin to everyone hope you all got some trades and made some pips.

I hope to get some during asia if its moving...
  • #955
  • Jan 27, 2010 11:58am Jan 27, 2010 11:58am
Couldn't resist this short set up pretty nice out with +10
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  • #956
  • Jan 27, 2010 5:23pm Jan 27, 2010 5:23pm
After an hour of trial and error, I believe that his MA's on the 15m chart are 250 and 20 both simple.

Who said they found his indicator pkg for $20?
  • #957
  • Jan 27, 2010 5:27pm Jan 27, 2010 5:27pm
To save me some time,
What page did you post your template on?
dbl

PS : Nice job on that summary of CH. I watched it also and you caught all the main points.
  • #958
  • Jan 27, 2010 6:40pm Jan 27, 2010 6:40pm
HLass
Hi I am trying this system out and hoping to get it down soon. I like the look of it and how it works. I have been following the thread now for a week or so. I was wondering what you are using for the S & R marks on your charts. I can't seem to get my support and resistance indicator to look the same.

Thanks,
bpips-- are you in the Colorado area? -7 GMT?

fxst
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
  • #959
  • Jan 27, 2010 9:04pm Jan 27, 2010 9:04pm
Got a +15 long gu during asia. I had set a buy at 84 anticipating the break out. Picked me up and drove right to my tp...
Attached Image (click to enlarge)
Click to Enlarge Name: jan 28 +15.gif Size: 19 KB
  • #960
  • Jan 27, 2010 9:15pm Jan 27, 2010 9:15pm
Sure is moving in the asian session this morning. What is the best way to copy and paste a chart for this forum? Thanks
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