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Craig Harris Stochastics Method

  • #1,441
  • Mar 23, 2010 7:02pm Mar 23, 2010 7:02pm
Quoting carlen68
No for now I use a 50 pips stop loss
Carlen, when you get a chance can you comment on this picture?-- http://www.forexfactory.com/showpost...postcount=1430
Sentiment: Short on cash. Long on hope.
  • #1,442
  • Mar 24, 2010 8:40am Mar 24, 2010 8:40am
Quoting NeoRio
Carlene, a couple questions about the retracement trades...
Hello! I draw a fib from the low to the high or high to the low for the day (from Asia, London or US) (I do not draw a fib from the recent move - very important). If price is in the 0 - 23.6% area then I take the trade back to the the 23.6% and beyond, but if price in your picture already made its move back towards the 23.6% for the day (at about 11:00),so then I look for another pair to trade. By the way the audusd that I lost the 50 pips yesterday from the other days trade would have paid me. It went 52 pips then reversed. Missed it be 2 pips.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,443
  • Mar 24, 2010 1:14pm Mar 24, 2010 1:14pm
Thanks for the explanation.
Sentiment: Short on cash. Long on hope.
  • #1,444
  • Edited Mar 25, 2010 7:41am Mar 24, 2010 4:50pm | Edited Mar 25, 2010 7:41am
Here are two indicators I made to show the slope of the Stochastic indicator.

The threshold value for the slope is a value between 0.0 and 1.0. As the slope you see varies with the height of the chart, you will have to empirically decide what value works for you.
Attached Image (click to enlarge)
Click to Enlarge Name: StochSlope.png Size: 27 KB
Attached File(s)
File Type: mq4 Stochastic Slope.mq4   6 KB | 1,928 downloads
File Type: ex4 Stochastic Slope.ex4   4 KB | 1,139 downloads
File Type: mq4 Stochastic Slope Histo.mq4   5 KB | 1,495 downloads
File Type: ex4 Stochastic Slope Histo.ex4   4 KB | 950 downloads
  • #1,445
  • Mar 24, 2010 7:54pm Mar 24, 2010 7:54pm
Hi Carlen68,

Stochastics on your charts look same as Craig Harris charts stochastics, do you get it from web site or you are a Craig Harris student ??

If you are a Craig Harris student. How is the course ??

Thanks

Nasir
  • #1,446
  • Mar 24, 2010 9:13pm Mar 24, 2010 9:13pm
Quoting Nasir
Hi Carlen68,

Stochastics on your charts look same as Craig Harris charts stochastics, do you get it from web site or you are a Craig Harris student ??

If you are a Craig Harris student. How is the course ??

Thanks

Nasir
No, I do use the CH system, but I also use the Dashboard from www.pipware.com. excellent indicator and alot of people use it. Very in expensive. That stoch comes with it.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,447
  • Edited Mar 25, 2010 10:58am Mar 24, 2010 9:19pm | Edited Mar 25, 2010 10:58am
Here are my trades from today.

eurusd - still in it -20 pips
usdchf - still in it -23 pips
usdjpy - still in it 20 pips, put stop loss at breakeven plus spread. Free trade.
usdcad - 18 pips, could of had another 21 pips.
eurjpy - 16 pips, could of had over more 50 pips.
gbpusd - 11 pips, could of had another 12 pips.
audusd - 19 pips, could of had another 12 pips.

Update

usdjpy 20 pips
eurusd up 4 pips
usdchf down 5 pips

closed the usdchf and eurusd with 5 pips each.

The total for the trades is 94 pips no losses. Nice.

Total for the week is 126 pips. 11 trades (10 wins and 1 loss)
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,448
  • Mar 25, 2010 6:00am Mar 25, 2010 6:00am
Thanks so much Xaphod for generously supporting us all. I'm liking your version of this slope stochastic more than the one I paid for. Well done and thanks again.
  • #1,449
  • Mar 25, 2010 6:05am Mar 25, 2010 6:05am
Quoting Xaphod
Here are two indicators I made to show the slope of the Stochastic indicator.

The threshold value for the slope is a value between 0.0 and 1.0. As the slope you see varies with the height of the chart, you will have to empirically decide what value works for you.

Thanks for stoch slope indicator. I compared this indicator on my chart with Craigs stoch on his chart and they look slightly different.
Any thoughts?

Attached Image (click to enlarge)
Click to Enlarge Name: stoch.jpg Size: 122 KB
  • #1,450
  • Edited 7:40am Mar 25, 2010 7:11am | Edited 7:40am
Quoting Delta
Thanks for stoch slope indicator. I compared this indicator on my chart with Craigs stoch on his chart and they look slightly different.
Any thoughts?
You can try to fine tune the threshold value. If you put the Stochastic Slope Histo.mq4 on the chart you can get the slope calculated for the adjacent bars that are different on the two charts and then set the threshold value accordingly. Make sure you have the same threshold value on both the 'stochastic slope.mq4' and the 'stochastic slope histo.mq4' first.
Attached Image (click to enlarge)
Click to Enlarge Name: StochSlopeValue.png Size: 33 KB
  • #1,451
  • Mar 25, 2010 7:15am Mar 25, 2010 7:15am
Quoting rivet
Thanks so much Xaphod for generously supporting us all. I'm liking your version of this slope stochastic more than the one I paid for. Well done and thanks again.
You are welcome. Just trying to give back a little to the group.
  • #1,452
  • Mar 25, 2010 8:14am Mar 25, 2010 8:14am
Hi Delta. The comparison of Craigs chart and Xaphod that you posted shows that in fact Xaphod's set up is "truer" for the CH method. The spots you highlighted, if I'm reading it right, are not traderable and Xaphod's confirm this where as CH's is kinda wrong ... I'm thinking this is right - will stand corrected if so. Good example
  • #1,453
  • Edited 8:03pm Mar 25, 2010 1:27pm | Edited 8:03pm
Todays trades.

eurjpy closed with 39 pips

usdjpy open still down 6 pips

I will not be trading on Friday. Have a great weekend. Account up 6.8% for the week.

Up 27 pips on the usdjpy trade. Closing it out.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,454
  • Mar 25, 2010 9:26pm Mar 25, 2010 9:26pm
Carlen68,

Thanks for the information.

Nasir
  • #1,455
  • Mar 25, 2010 9:31pm Mar 25, 2010 9:31pm
Hi All,

Craig Harris having 2 free webinar tomorrow and Saturday. see link below

Nasir


http://clicks.aweber.com/y/ct/?l=L4j...fQ0.LKdgLV1sIg



http://clicks.aweber.com/y/ct/?l=L4j...GFksI9iW0DmhQQ
  • #1,456
  • Mar 25, 2010 11:26pm Mar 25, 2010 11:26pm
Hi Xaphod,

Fail to download your stochastic histogram.mq4. The file read attachment.php when downloaded and can not open. Request help to get your file

Thanks
  • #1,457
  • Mar 26, 2010 2:46am Mar 26, 2010 2:46am
Quoting redsama
Hi Xaphod,

Fail to download your stochastic histogram.mq4. The file read attachment.php when downloaded and can not open. Request help to get your file

Thanks
That has to do with your browser and forexfactory.com.
See this post for a possible workaround: http://www.forexfactory.com/showpost.php?p=3461825&postcount=1081
  • #1,458
  • Mar 26, 2010 9:03am Mar 26, 2010 9:03am
I really like this setup...I have spent quite a while fine-tuning it to filter the false breaks of the Tokyo Channel...SUCCESS.

Here's my take on it.

-Darren

Keep up the good work.
Attached Image (click to enlarge)
Click to Enlarge Name: My Take.jpg Size: 126 KB
  • #1,459
  • Mar 26, 2010 11:24am Mar 26, 2010 11:24am
Want to share the indicators and such? Maybe a template if they are all standard indicators.
  • #1,460
  • Mar 28, 2010 3:22am Mar 28, 2010 3:22am
Quoting carlen68
Todays trades.

eurjpy closed with 39 pips

usdjpy open still down 6 pips

I will not be trading on Friday. Have a great weekend. Account up 6.8% for the week.

Up 27 pips on the usdjpy trade. Closing it out.

You made that gain only taking 23.6 trades or also other methods?
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