Attachments: Craig Harris Stochastics Method

Craig Harris Stochastics Method

#981
Feb 1, 2010 12:04pm Feb 1, 2010 12:04pm

NeoRio
| Commercial User | Joined Aug 2009 | 647 Posts

I trade the London open, I put in a few hours last night and made +43 pips in a few trades on the GU, AU, EU and EJ. One thing I did differently last night than I normally do is I took profits earlier that 20 pips. I took out half my position at 10 pips and set stop to BE. This actually helped me turn some would-be losers (by stubbornly holding on for 20 pips only) into winners for fewer pips.

NeoRio

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Sentiment: Short on cash. Long on hope.

#982
Feb 1, 2010 12:07pm Feb 1, 2010 12:07pm

HLass
| Joined Apr 2006 | Status: Trader | 176 Posts

Quoting podgy

Disliked

Can you tell me what ma's you have on HLass,one is 200ema what are the other three?sorry if you have mentioned this before.Podgy

Ignored

Podgy,

the ma's are not used as most people use them in a crossover method, getting in when one crosses the other, as that is always getting one into a trade late as they lag, I use them as s/r areas and points of interest which I will explain in my write up, for now they are 200ema 50sma purple, 5 and 8 ema and the middle bollinger band is equal to a 20simple moving average, the 5 is set to exponential and set to close the 8 is set to simple and open, again they are not used in a crossover method but more of points of interest and s/r and I will explain in great detail sometime during the week when I do my write up.

Neorio,

this 49 dollar deal might be good but in reality, im sure a lot will be pitching their stuff, so in that case, stick with what we are doing here and dont jump around, just stick with this and boly bands, you will be fine.
hlass

#983
Feb 1, 2010 12:12pm Feb 1, 2010 12:12pm

HLass
| Joined Apr 2006 | Status: Trader | 176 Posts

Quoting NeoRio

Disliked

I trade the London open, I put in a few hours last night and made +43 pips in a few trades on the GU, AU, EU and EJ. One thing I did differently last night than I normally do is I took profits earlier that 20 pips. I took out half my position at 10 pips and set stop to BE. This actually helped me turn some would-be losers (by stubbornly holding on for 20 pips only) into winners for fewer pips.

NeoRio

Ignored

Neorio,

first trade is excellent entry second one maybe next candle off of boly band, but overall very nice, do u have pics on the other trades, as it looks first trade got u around 10 on the gu and maybe 20 on the second, so lets see those nice looking charts for the other pairs lol
hlass

#984
Feb 1, 2010 12:29pm Feb 1, 2010 12:29pm

podgy
| Joined Oct 2008 | Status: What goes up must come down! | 128 Posts

Quoting HLass

Disliked

Podgy,

the ma's are not used as most people use them in a crossover method, getting in when one crosses the other, as that is always getting one into a trade late as they lag, I use them as s/r areas and points of interest which I will explain in my write up, for now they are 200ema 50sma purple, 5 and 8 ema and the middle bollinger band is equal to a 20simple moving average, the 5 is set to exponential and set to close the 8 is set to simple and open, again they are not used in a crossover method but more of points of interest and s/r and I will...

Ignored

Would love to know how to best trade using bollinger bands.Bought bollinger on bollinger bands but bit heavy for me

#985
Feb 1, 2010 12:50pm Feb 1, 2010 12:50pm

HLass
| Joined Apr 2006 | Status: Trader | 176 Posts

Quoting podgy

Disliked

Would love to know how to best trade using bollinger bands.Bought bollinger on bollinger bands but bit heavy for me

Ignored

Podgy,

I would read it, work your way through it and take notes, then when you have been looking at the bollinger bands over many many times and charts, say 6 months, then read it again and you will be amazed at how much more you will pick up on that second reading, remember trading isnt learned overnight, it took me almost 2.5 years before I started to be consistant, and now 4 years in, I still study and look at charts probably more than I should but thats just me, just read and absorb, you will get there with this easy method and adding bollinger bands will make it even easier to spot nice trade setups.
hlass

#986
Feb 1, 2010 1:04pm Feb 1, 2010 1:04pm

Pardy
| Joined Jan 2008 | Status: Trader | 615 Posts

Quoting podgy

Disliked

Would love to know how to best trade using bollinger bands.Bought bollinger on bollinger bands but bit heavy for me

Ignored

Signing in into the thread! Spent all night reading ALL the pages, very interesting. Found Hlass's document very revealing and useful, hence looking forward to more on the BB's. Thanks to all contributors.

Pardy

#987
Feb 1, 2010 1:16pm Feb 1, 2010 1:16pm

NeoRio
| Commercial User | Joined Aug 2009 | 647 Posts

Quoting HLass

Disliked

first trade is excellent entry second one maybe next candle off of boly band

Ignored

Right, I know it doesn't look textbook (the 2nd entry, that is), because it was based on something else...but I don't want to confuse people on this thread since we're concentrating on CH's method.

Quoting HLass

Disliked

do u have pics on the other trades, as it looks first trade got u around 10 on the gu and maybe 20 on the second, so lets see those nice looking charts for the other pairs lol
hlass

Ignored

Ha! OK, here goes. Like I said earlier, I handled TPs a bit differently, in that I took my first profit at 10 pips instead of my usual 20. I scaled out 50% of the trade at 10 and then let the other part run, sometimes getting stopped out at BE and other times taking it out at 20, or 30. When I count my pips though, I always divide them by the amount of lots, so if I enter my initial trade at 0.04 lots and scale out 50% at 10 pips, I only count that as 5 pips...if I scale out the 2nd part at 20 pips, I count that as an additional 10 pips, for a total of 15 pips etc. So, my pip count at the end of the day is always *full pips*.

Attached are a couple other pictures of trades, nothing fancy and actually very small...but positive trades nonetheless. They are all CH method trades with confirmation from a few other sources like pivot points and trendlines which I didn't include in the pictures so as not to confuse people who are studying CH's method.

NeoRio

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Sentiment: Short on cash. Long on hope.

#988
Feb 1, 2010 1:37pm Feb 1, 2010 1:37pm

HLass
| Joined Apr 2006 | Status: Trader | 176 Posts

Hi,

Neorio,

Exactly right, we are doing the CH method and that is why i took off the tdi, took up too much space and essentially is close to the same as stochastic, but as you and everyone knows from my posts, I play price action and use stochastics which is CH method but only as confirmation, because more times thna not, price action, s/r, wicks and candle formations will get one in earlier than stochs, I post trades and many people have asked about bollinger bands, so I offer to help but do tell them that first and foremost is CH method which is very good for getting good amount of pips, no disagreement there.

Meanwhile, I explain where I took out my pips, whether at 15 or 50 and howmuch of my trade at each stop, so partial or full doesnt make a diference to me, just as long as I keep making my money and building my trading empire-lol on forums, some people get jealous about not making pips compared to people making pips, I used to be like that too and so I promised myself in this thread that I would only explain my exits as pips and how much of my position I took out, but never telling how much money that is, as it just starts to spur up a bunch of crap and tons of questions from others, its just not worth it.

The bollinger band stuff will be coming this week because many people want it, and so they will learn how to use it as you are now, except I will not be teaching anyone about it other than who I am now, due to time constraints, as you do know about the time constraints.
hlass

#989
Feb 1, 2010 1:44pm Feb 1, 2010 1:44pm

podgy
| Joined Oct 2008 | Status: What goes up must come down! | 128 Posts

Seem to be getting there

Prefer Osma to stocastics,any comments welcome.

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#990
Feb 1, 2010 1:50pm Feb 1, 2010 1:50pm

podgy
| Joined Oct 2008 | Status: What goes up must come down! | 128 Posts

Quoting podgy

Disliked

Seem to be getting therePrefer Osma to stocastics,any comments welcome.

Ignored

HLass do you wait for the boll 20 to break before entering.(perhaps all will be revealed in your write-up)

#991
Feb 1, 2010 3:34pm Feb 1, 2010 3:34pm

HLass
| Joined Apr 2006 | Status: Trader | 176 Posts

Quoting podgy

Disliked

HLass do you wait for the boll 20 to break before entering.(perhaps all will be revealed in your write-up)

Ignored

Podgy,

Yes all questions that anyone can think of in relation to bollinger bands will be answered in the write up, sometime this week, maybe wednesday or thursday at the very latest, just been a busy last 4 or 5 days catching up from all the puter issues last week, fell behind on emails and correspondence, but I promise it will be delivered and you will learn the bollinger bands.
hlass

#992
Feb 1, 2010 11:00pm Feb 1, 2010 11:00pm

bpips
| Joined Sep 2009 | Status: Trader | 267 Posts

Just had one post took a gu long asia for +20. Actually looked good so I set my tp and sl and went to bed woke up to nice profit...

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#993
Feb 1, 2010 11:00pm Feb 1, 2010 11:00pm

fxstman
| Joined Aug 2007 | Status: Trader | 565 Posts

Neo-Rio

I like how you have the numbers right there on the chart. could you please tell me how you did that?

Thanks,

fxst

#994
Feb 1, 2010 11:09pm Feb 1, 2010 11:09pm

NeoRio
| Commercial User | Joined Aug 2009 | 647 Posts

Quoting fxstman

Disliked

Neo-Rio

I like how you have the numbers right there on the chart. could you please tell me how you did that?

Thanks,

fxst

Ignored

It's easy, just click on the text label icon and then click on the chart and it lets you put a label that will stay in the same place on the chart even when it shifts. You can also grab my template(s) from a few pages back in this thread...I have them all in there as well as the actual horizontal lines plotted right on the screen if you like.

bpips, nice +20 pip trade...liked the setup, a double or triple bottom which gave you more confluence and assurance to set a 20 TP...and then you got them while you slept...the best part of all!

Regards

Sentiment: Short on cash. Long on hope.

#995
Feb 1, 2010 11:28pm Feb 1, 2010 11:28pm

piptalk
Joined Nov 2008 | Status: Trader | 766 Posts

Hi ...I have been testing 3 zz semafores w/ CH swings,,seems to capture highs and lows very well,,,but be careful as semafores can repaint,,,They give you a hint of a pending swing high or low...As before wait for the reverse candle then take the breakout,,Effective on any timeframe,,,,Glad to see everyone continuing to participate!!,,,,,,Happy and profitable trading!,,,,,

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#996
Feb 1, 2010 11:29pm Feb 1, 2010 11:29pm

fxstman
| Joined Aug 2007 | Status: Trader | 565 Posts

Quoting NeoRio

Disliked

It's easy, just click on the text label icon and then click on the chart and it lets you put a label that will stay in the same place on the chart even when it shifts. You can also grab my template(s) from a few pages back in this thread...I have them all in there as well as the actual horizontal lines plotted right on the screen if you like.

bpips, nice +20 pip trade...liked the setup, a double or triple bottom which gave you more confluence and assurance to set a 20 TP...and then you got them while you slept...the best part of all!

Regards...

Ignored

Thanks for your time