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Craig Harris Stochastics Method

  • #1,161
  • Feb 23, 2010 7:15am Feb 23, 2010 7:15am
I was thinking stratman :-))


Quoting JRpips8
Me, too.

JR
  • #1,162
  • Feb 23, 2010 7:19am Feb 23, 2010 7:19am
Nice to see you over here!
Quoting stratman
Please excuse me for this post ...

Guys, I'm just testing whether I can post to another commercial thread ... currently can't post to public threads.

cheers
stratman
Without vision, the people will perish.
  • #1,163
  • Feb 23, 2010 7:21am Feb 23, 2010 7:21am
Quoting craig.harris
One of the golden rules of trading is to trade away from moving averages. There are many moving averages that are promoted by traders. No matter what moving average you use, the rule is always the same ie trade towards a moving average at your peril.


If you look at a CH M15 chart, there are two moving averages. With trial and error you should be able to determine that the blue MA is the 60 period MA from the H1 time frame (240 on M15) and the 60 period MA from the M5 timeframe.

So following the golden rule, only trade away from these averages....

Excellent point!

Are the MA's ema, sma, smoothed, or ???
and is the 60 M5 a 20 period M15?

JR
  • #1,164
  • Feb 23, 2010 8:01am Feb 23, 2010 8:01am
Craig excellent charts and commentary. Seems like you know what your doing....for sure.
Keep up the excelent work.
  • #1,165
  • Feb 23, 2010 8:11am Feb 23, 2010 8:11am
Hi Craig,

Can you confirm what the settings should be for the MAs on the M15 TF? I see your explanation above, but I want to make sure. There are several theories floating about regarding the correct setting(s).

Thanks
Quoting craig.harris
One of the golden rules of trading is to trade away from moving averages. There are many moving averages that are promoted by traders. No matter what moving average you use, the rule is always the same ie trade towards a moving average at your peril.


If you look at a CH M15 chart, there are two moving averages. With trial and error you should be able to determine that the blue MA is the 60 period MA from the H1 time frame (240 on M15) and the 60 period MA from the M5 timeframe.

So following the golden rule, only trade away from these averages....
Without vision, the people will perish.
  • #1,166
  • Feb 23, 2010 9:23am Feb 23, 2010 9:23am
60 and 20 Simple Moving Averages based on Close seem to do the trick on M15 chart. My 60 is off a little (low) when compared to the pics of CH template charts posted recently.
  • #1,167
  • Feb 23, 2010 10:57am Feb 23, 2010 10:57am
Only two trades today. Whoa momma!!
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  • #1,168
  • Feb 23, 2010 11:10am Feb 23, 2010 11:10am
Quoting agent6488
60 and 20 Simple Moving Averages based on Close seem to do the trick on M15 chart. My 60 is off a little (low) when compared to the pics of CH template charts posted recently.

The charts look identical to mine. I’m using the pipware Compass, Coral, and Dashboardwith a 240 simple MA. The Dashboard draws the MTF support and resistance lines as well as the 1 hour and 4 hour highs and lows.
  • #1,169
  • Feb 23, 2010 1:39pm Feb 23, 2010 1:39pm
I use stratman's dashboard. I saw his latest video where he explains the moving averages. I setup my colors as close to what he showed in that video. I put the fractals on because he shows them.

What I want to get is the stochastics with different colors (yellow and red). They show when the stochastics slope is correct for trading. I saw similar on a Craig Harris webinar.

The best fit for moving average on M15 is 240 SMA and 20 SMA being 60 period on H1 and 60 period on M5 respectively.
  • #1,170
  • Feb 23, 2010 1:46pm Feb 23, 2010 1:46pm
If you traded away from the moving averages you could have made 250 pips on this move.

Attached Image (click to enlarge)
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  • #1,171
  • Feb 23, 2010 2:08pm Feb 23, 2010 2:08pm
Quoting NeoRio
Impressive charts, Craig.--are you sure you're not *the* Craig Harris? Heh.

Best Regards,
NeoRio
The real Craig Harris - isn't he from Australia. This one is from Austria. Poetic licence?!

Hmmm, I wonder, lol.
Pardy
  • #1,172
  • Feb 23, 2010 3:42pm Feb 23, 2010 3:42pm
Pardy.... Way back when... I saw an intro video made by Craig and I believe he said he lived in Richmond, California. California for sure.

Thanks again for helping each other...
  • #1,173
  • Feb 23, 2010 3:52pm Feb 23, 2010 3:52pm
Quoting craig.harris
I use stratman's dashboard.
I had a quick look through Stratman's videos and his dashboard a couple weeks ago. The thing that bothered me a bit is how it takes up so much space in the lower part of the chart...and you'll get either a cramped view of the other indicator that shares that same space (from the end of the dashboard to the end of the remaining part of the screen), or you'll have to put the Stoch (or additional oscillators) below or above the dashboard, reducing chart space considerably.
Sentiment: Short on cash. Long on hope.
  • #1,174
  • Feb 23, 2010 3:53pm Feb 23, 2010 3:53pm
Quoting eelfranz
Pardy.... Way back when... I saw an intro video made by Craig and I believe he said he lived in Richmond, California
San Fransisco.
Sentiment: Short on cash. Long on hope.
  • #1,175
  • Feb 23, 2010 5:13pm Feb 23, 2010 5:13pm
Hi everyone - found craigs videos a few months ago but only just found this thread today! answering allot of niggles i had. I'm up to page 40ish, but I'm wondering - what are peoples ideas in a ranging market?.

The 22nd on the G/U was a rough day, Tokyo channel had moved 40+ pips and throughout the London session we had choppy day. Are people exiting and re-entering when they see another craig harris setup appear?. My problem is on the ranging days my profit limit doesn't get taken, goes opposite way, a new craig harris entry appears and I re-enter on that. Sometimes this happens over and over. Im using stochastic agreement too. I've just discovered the TDI, seems pretty good for giving a better idea when to exit, giving more pips. Any help to stop me bailing into new trades to much would be great!

Love the thread, pleased it exists

-Andy
  • #1,176
  • Feb 23, 2010 9:27pm Feb 23, 2010 9:27pm
After reading this thread ... thought I'd put the TDI into my mini charts.

Attached Image (click to enlarge)
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Haven't released the new mini-charts yet (few days away)... but comments are welcome.
  • #1,177
  • Feb 23, 2010 9:29pm Feb 23, 2010 9:29pm
forgot to show that you can turn some of the lines on/off ... here's with them all on. Also forgot to mention the multi-color stoch.

Attached Image (click to enlarge)
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  • #1,178
  • Feb 23, 2010 9:33pm Feb 23, 2010 9:33pm
NeoRio, the dashboard is fully configurable in terms of what to show. If all features are on then you will have a problem if you have a small screen resolution. But you can turn sections off ... in fact you can have the dashboard not shown at all and still see the H4/H1, moving averages, SR lines and still receive alerts for fractal breaks.

Quoting NeoRio
I had a quick look through Stratman's videos and his dashboard a couple weeks ago. The thing that bothered me a bit is how it takes up so much space in the lower part of the chart...and you'll get either a cramped view of the other indicator that shares that same space (from the end of the dashboard to the end of the remaining part of the screen), or you'll have to put the Stoch (or additional oscillators) below or above the dashboard, reducing chart space considerably.
  • #1,179
  • Feb 23, 2010 10:07pm Feb 23, 2010 10:07pm
Quoting stratman
forgot to show that you can turn some of the lines on/off ... here's with them all on. Also forgot to mention the multi-color stoch.

Attachment
Stratman,

Can you post the multi-color stoch?

Thanks,
Boseman
  • #1,180
  • Feb 23, 2010 10:33pm Feb 23, 2010 10:33pm
boseman,

I just dropped in here because my indicators can be used to trade CH. I have a dilema right now as I usually give these indicators away for free but I am spending so many hours programming for forex without covering my costs so will probably start bundling these with my dashboard.

I only came to this decision after posting the pics of the mini charts.

As any talk of these now will be viewed as a promotion of my products I'll be quiet from this point unless the guys running this thread are ok with me making comments

Quoting boseman
Stratman,

Can you post the multi-color stoch?

Thanks,
Boseman
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