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Craig Harris Stochastics Method

  • #1,401
  • Mar 17, 2010 3:54pm Mar 17, 2010 3:54pm
With the US Daylight Savings time change being 2 weeks ahead of London, it gets a bit confusing when trying to calculate sessions...but here is a picture to better ask the question about entries and exits for the 23.6 Fib retracement trades.

Thanks,
Neo
Attached Image (click to enlarge)
Click to Enlarge Name: ch_day_end_trade.gif Size: 26 KB
Sentiment: Short on cash. Long on hope.
  • #1,402
  • Mar 17, 2010 6:30pm Mar 17, 2010 6:30pm
You got the it. Looking for a countertrend trade after the London session ends and same setup goes. Waiting for RC break with stoch agreement to the 23.6% or further. I will use the fib to go to TP at the 38% and sometimes 50%. I jam my stoploss to BE after I am in the profit, plus the spread. So they are what I call a free trade.



Quoting NeoRio
With the US Daylight Savings time change being 2 weeks ahead of London, it gets a bit confusing when trying to calculate sessions...but here is a picture to better ask the question about entries and exits for the 23.6 Fib retracement trades.

Thanks,
Neo
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,403
  • Mar 17, 2010 6:32pm Mar 17, 2010 6:32pm
Quoting carlen68
Happens after the London session closes. Lots of pips. All Countertrend trades. Like taking candy from a baby. Just back from vacation and first day of trading.

29 pips on gbpusd
9 pips on audusd
19 pips on usdcad
14 pips on eurjpy
usdjpy -2 pips so far
21 pips on usdchf
14 pips on nzdusd
revised
15 pips on the usdjpy.

Total of 121 pips.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,404
  • Mar 17, 2010 6:32pm Mar 17, 2010 6:32pm
I only use the usd based pairs and eurjpy.

Quoting NeoRio
Thanks for sharing these, Carlen....
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,405
  • Mar 18, 2010 1:24am Mar 18, 2010 1:24am
Quoting JRpips8
Hi Hlass,

Did you post the dashboard indicator earlier or can you tell me what it's called or where to find it?
Quoting agent6488
Search this thread and THV system thread for dashboard. It combines other indicators with a snapshot view of the THV indicators.

Quoting HLass
Agent,

Thank you, but dont need a dashboard or any indicators, im fine, but again thanks, I made a quick trade today on gbpjpy still have 1/3 left but collected 35pips on it and getting ready to head out with wife, easy entry on 30m chart, any questions, just ask.

hlass
Quoting JRpips8
Sorry, I wasn't very clear what I meant by "dashboard."
I called "dashboard" the group of indicators you show on most of your posted charts in the upper right corner. It has a mtf grid of lights for ema, str, macd, shows the current price, spread, pips to open, hi to low, daily avg. I've seen it on numerous forums but have not been able to identify it. Was hoping you could tell me. Thanks!

JR
I was answering JR's question. The indicator JR is asking about is not Stratman's dashboard, but just a muti-timeframe indicator available for download in this thread. I think Neo posted it in his template.
  • #1,406
  • Mar 18, 2010 6:02am Mar 18, 2010 6:02am
Sessions get a bit mixed up when DayLight Savings Time comes around until all who observe it get on the same time set back.

Right now with Europe still on Standard Time, most USA traders are starting an hour earlier.....you have to pay attention to the Natural Up an Down Movement within this 1 hour time difference as London Traders are not going to lunch when we are normally seeing it from our Time perspective. When you look at the Natural Up and Down...you have to factor in that more traders are still in the markets for the 1 hour difference and pay attention to the 30-60 pip swings and where we are in relation to the swing.

This fixes itself once all are on the same Time Difference with DayLight Savings Time.

CraigHarris
  • #1,407
  • Mar 18, 2010 2:44pm Mar 18, 2010 2:44pm
Took 3 trades today.

eurusd - 9 pips - should of had more but had to leave for 1 hr. Just closed it out.
usdcad - 16 pips
usdchf - 29 pips

Total 54 pips.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,408
  • Mar 18, 2010 3:03pm Mar 18, 2010 3:03pm
Quoting carlen68
Took 3 trades today.

eurusd - 9 pips - should of had more but had to leave for 1 hr. Just closed it out.
usdcad - 16 pips
usdchf - 29 pips

Total 54 pips.

Could you please post charts with these trades and points of entry/exit?

Thanks.
  • #1,409
  • Mar 18, 2010 3:45pm Mar 18, 2010 3:45pm
Perfect trade and should have gotten more. But had to leave. 16 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-18-2010 4-35-56 PM.jpg Size: 130 KB
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,410
  • Mar 18, 2010 4:00pm Mar 18, 2010 4:00pm
Quoting carlen68
Perfect trade and should have gotten more. But had to leave. 16 pips.
Thanks carlen68. But this usdchf trade was taken 1 hr before london close. And i think that usdcad was also taken at the same time.
You don't wait until london close?
  • #1,411
  • Mar 18, 2010 4:06pm Mar 18, 2010 4:06pm
Quoting Delta
Thanks carlen68. But this usdchf trade was taken 1 hr before london close. And i think that usdcad was also taken at the same time.
You don't wait until london close?
Yes, I did get in early, but seeing some great moves within the last hour. Waiting for London to catch up with us on the daylight savings time. Also used the Dashboard.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,412
  • Mar 18, 2010 4:13pm Mar 18, 2010 4:13pm
I got a little confused on the daylight saving time myself and took what I thought was a London reversal around 11 am cst but I guess London closes at 12 pm cst...so i got +8 on the reversal and then took a short after 12 pm cst right now took half at +30 and moved to even and now waiting for a free fall if it comes...
Attached Image (click to enlarge)
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  • #1,413
  • Mar 18, 2010 6:42pm Mar 18, 2010 6:42pm
Hi carlene68,

Thanks for the great info and post as usual. The caption in your screenshot mentions that you usualyy see one move per day on the US pairs. Do you mean one move per day total, or one move per day per pair?

Keep the great screenshots coming if you have time to post - there are great as I am really looking into this retrace method.

Thanks

Quoting carlen68
Perfect trade and should have gotten more. But had to leave. 16 pips.
Without vision, the people will perish.
  • #1,414
  • Mar 18, 2010 8:01pm Mar 18, 2010 8:01pm
Quoting bythepound
Hi carlene68,

Thanks for the great info and post as usual. The caption in your screenshot mentions that you usualyy see one move per day on the US pairs. Do you mean one move per day total, or one move per day per pair?

Keep the great screenshots coming if you have time to post - there are great as I am really looking into this retrace method.

Thanks
One trade per day on the usd pairs. So out of the 7 pairs plus the eurjpy, I will get one perfect countertrend trade.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,415
  • Mar 19, 2010 2:17am Mar 19, 2010 2:17am
Yahoo Widgets software has an FXMarketHours widget that I use to keep market open/close times in mind. Good for daylight savings time management.
Free. Doesn't take up main taskbar space.
  • #1,416
  • Mar 19, 2010 10:34am Mar 19, 2010 10:34am
Hi all,

Not too much time so I will post and say 15m and 30m confirmation, 15 drawdown which sucked but 53 pips and left a little running as I got to run, any questions just ask, Im here only to help teach in any way possible to help anyone that wants help, not to brag about trades, I can care less if any one is happy or pissed that I win a trade or lose a trade, just here to help is all, take care.

hlass
Attached Image (click to enlarge)
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  • #1,417
  • Mar 19, 2010 5:33pm Mar 19, 2010 5:33pm
Quoting agent6488
I was answering JR's question. The indicator JR is asking about is not Stratman's dashboard, but just a muti-timeframe indicator available for download in this thread. I think Neo posted it in his template.

Hi agent,

Thanks for your suggestions. You are correct that I was asking about the mtf indicator, not Stratman's dashboard.
I should have added I'm looking for the .mq4 instead of the .ex4 so I can modify the display fonts and spacing. I have hi-res display and large font size selected on my monitors. The posted .ex4 versions of the signal bar indicators (at least the ones on FF, TSD, and Neo's zip file) all scrunch the fields together and render it hard to read. I have the indicators in separate single purpose indicators but was hoping to have an all-in-one that took up less space than the combined single purpose ones.
Thanks again.

Best regards,

JR
  • #1,418
  • Mar 19, 2010 9:19pm Mar 19, 2010 9:19pm
Hm.
Looks like I've just got the .ex4 as well. Maybe someone knows where they came from or who has the code.
  • #1,419
  • Mar 20, 2010 5:12am Mar 20, 2010 5:12am
Quoting JRpips8
The posted .ex4 versions of the signal bar indicators (at least the ones on FF, TSD, and Neo's zip file) all scrunch the fields together and render it hard to read.
Hey JR, if you're talking about the dashboard-looking indicator called "Signal Bars v8D", the only version of this latest version of the indicator is an ex4. If however you are trying to change the font size of the text...there is an option to make the indicator small or normal, only 2 settings, but one is big and other small.

Neo
Sentiment: Short on cash. Long on hope.
  • #1,420
  • Mar 20, 2010 6:29am Mar 20, 2010 6:29am
Quoting agent6488
Yahoo Widgets software has an FXMarketHours widget that I use to keep market open/close times in mind. Good for daylight savings time management.
Free. Doesn't take up main taskbar space.
Great tip, Agent
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