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Craig Harris Stochastics Method

  • #1,641
  • Apr 29, 2010 3:53pm Apr 29, 2010 3:53pm
With the new template comes the Stochastic with Slope indicator. What does the red areas of the stochastic represent? Is that an area where the stochastic did not have good angle or what?

Thanks
Dan
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Without vision, the people will perish.
  • #1,642
  • Apr 30, 2010 5:09am Apr 30, 2010 5:09am
Quoting bythepound
With the new template comes the Stochastic with Slope indicator. What does the red areas of the stochastic represent? Is that an area where the stochastic did not have good angle or what?

Thanks
Dan
Exactly right Dan, when it's red, it isn't sloping at the right angle for an entry. It's kind of like splitting hairs, but sometimes it's helpful.
Sentiment: Short on cash. Long on hope.
  • #1,643
  • Apr 30, 2010 2:24pm Apr 30, 2010 2:24pm
Quoting NeoRio
Exactly right Dan, when it's red, it isn't sloping at the right angle for an entry. It's kind of like splitting hairs, but sometimes it's helpful.
Hi Neo:
Thanks for the stoch indicator, it helps a lot, I had trouble actually figuring out the right angle to enter. I'm enclosing an indicator that helps me, especially in the wee hours of the morning. It's gives an audio alert when a fractal is formed, helps you get a nap if you want.

I was also hoping to get some feedback on when people are trading. Is everyone waiting for LO, 3AM est, or are you using other times and having success. Thanks for a great thread
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File Type: mq4 sFractals.mq4   7 KB | 770 downloads
  • #1,644
  • Apr 30, 2010 5:03pm Apr 30, 2010 5:03pm
Quoting bythepound
I have a question regarding the new IB/OB indicator on the new CH tempalte. The white line signifies the OB and the blue line is the IB correct?

Thanks

Hey I was wondering if anyone has been able to track down an audible alert for the IB OB indicator that WORKS? I have great success in particular trading OB breaks and would find an alarm useful if not at the PC to see what pair has formed the bar then if there is a CH set up too all systems go!! Your help tracking this down would be most appreciated.

EE
eagleeyes
  • #1,645
  • Apr 30, 2010 9:36pm Apr 30, 2010 9:36pm
Quoting bigjim1958
Hi Neo:
Thanks for the stoch indicator, it helps a lot, I had trouble actually figuring out the right angle to enter. I'm enclosing an indicator that helps me, especially in the wee hours of the morning. It's gives an audio alert when a fractal is formed, helps you get a nap if you want.

I was also hoping to get some feedback on when people are trading. Is everyone waiting for LO, 3AM est, or are you using other times and having success. Thanks for a great thread
Most of the trading action in the Skype room is during the LO and the first hours of the London session. There may be some NY session traders there, but I don't see many
Sentiment: Short on cash. Long on hope.
  • #1,646
  • Apr 30, 2010 11:36pm Apr 30, 2010 11:36pm
The Tokyo Channel Video was very interesting....

...But then I got to the swing low video. And here is my honest analysis, along with a question.

Question first, and the answer to this will illuminate my analysis, proving it true, or false.

Does this Craig Harris guy, eventually want to sell me something?

Here is why I ask, the Swing High video has him doing three things.

1) Acting as if he "discovered" the swing high and low fractal system (while he is using fractal indicators) of the market, which one, is obvious, but two while he is using the fractal indicator. (created by Bill Williams btw, and I trade Chaos first ed, so I find it a bit insulting, because the video seems to have a bit of an air of him taking credit for the fractal style.)

2) Showing all the highs and lows like they are easy to pick out, if they were that obvious, trading live, then we'd all be rich, and 90% of experience and systems would be useless. The Fractal indicator repaints btw, and he also doesn't mention in the video that to determine a fractal high and low signal are drawn At the same time, which means you cannot call them out. It is impossible to exactly trade from a swing high and a low before it is made. Fractals were originally intended for using history to place buy and sell stops, along with the Chaos system.

3)And this is just a straight fallacy that he says: "The big moves on an m15 are only during the news" Wow, that is complete bunk. I almost turned off the video at that point right there.


Here is the most annoying thing, he sits there picking out the history of highs and lows calling out amounts of pips in every move instead of teaching anything. Which smacks to me of the kind of hyping up scam artists do right before they try and sell you something. The "LOOK AT ALL THIS PROFIT RIGHT THERE FOR THE TAKING!"

Like those real estate scams do, always talking about money, about profit, about deals, without any substance on how to actually achieve it.

So I have watched this video and not learned anything I cannot see with my own two eyes. Plus talking about trading just from the swing high than the swing lows, well duh if everyone could do that then the money managers he is talking about would have high returns, we all would.

Not trying to be a spoil sport here, I like learning about new systems, maybe this isn't a bad system. Especially if this guy is not asking for any money, but any system that hypes up being able to call out highs and lows out of thin air....Well that is 99% of the time a scam, and is dangerous to people. And is commercial.

This is an initial reaction, I'm off to watch the rest of the videos.
Thank you Lux!
  • #1,647
  • Edited 2:11am May 1, 2010 2:08am | Edited 2:11am
Quoting ScalpOrDie
The Tokyo Channel Video was very interesting....

...But then I got to the swing low video....

This is exactly how a little knowledge is so dangerous than no knowledge.Swing hi/swing low or fractal is not created by Bill Williams. It was here since Gann. Even Gann didn't create it. No one creates a trading system. They can only discover.

If someone tells you their trading system is proprietary, he/or she is lying to you. Ask for patent number if they created it.

What a joke.... We the traders spent sleepless hours trying to beat the market. Don't tell me someone created anything. They can create indicators and softwares but not trading system.

I hope everyone understand that. CH is just another man who spent endless hours to learn and trying to beat the market so is Bill Williams of Profitunity.

If you ask me, CH knows a lot more about the market than Bill Williams ever did.
  • #1,648
  • May 1, 2010 6:27am May 1, 2010 6:27am
Scalp or Die, Saw your post , I would like to encourage you to study this system. Check with Lenny(wesupply2u) about joining us in his Skype chat room. It's active and fun to communicate with others using Craig's method. The learning curve is beginning to flatten out for quite a few.
  • #1,649
  • May 1, 2010 6:36am May 1, 2010 6:36am
eagleeyes, Here are a few ib/ob indies. In & Out, Candle Identifier, sam_pa_Pattern Recon v1.4. You can google these or just search in ff. Look them up and adjust parameters to your liking. All the best.
  • #1,650
  • May 1, 2010 9:17am May 1, 2010 9:17am
A special thanks to many of you for all of the hard work you have done to make this method of trading more successful for all traders. You have put your time and hard work into this thread and given it a life of it's own. Thru your efforts you are helping many traders see their first real profits in Forex Trading. Thank you. Big E
  • #1,651
  • May 1, 2010 10:36am May 1, 2010 10:36am
Quoting eelfranz
A special thanks to many of you for all of the hard work you have done to make this method of trading more successful for all traders. You have put your time and hard work into this thread and given it a life of it's own. Thru your efforts you are helping many traders see their first real profits in Forex Trading. Thank you. Big E
Hi Big E:
A special thanks to you big guy, if you hadn't introduced this method, not many folks would be aware of it and profiting from it. A heartfelt thanks to you and all the people that keep it alive and growing.

Jim
  • #1,652
  • Edited 3:54pm May 3, 2010 1:07pm | Edited 3:54pm
My first run on this strategy was done today, in a marked with limited liquidity and volatility. Positive result but only 10 pips.

The strategy is a combination of IB OB strategy with fractals. It is fine to trade both sides but what I feel lacking is the direction of the trend. To soon to tell. I am trading on M15 chart.
If you're not part of the solution then you're part of the problem.
  • #1,653
  • May 3, 2010 9:07pm May 3, 2010 9:07pm
Big Jim... Thank you buddy... Big E
  • #1,654
  • May 3, 2010 9:55pm May 3, 2010 9:55pm
Quoting eelfranz
I hope any who are not members of this thread will post a Hi so you receive the automatic updates via your email... We would love your input and questions here. We are a friendly bunch here and only snarl once in a while. Usually from lack of sleep...
It has been a long and winding road. I am seeing some light here (through all the trees).'

Kudos to ee and participants (and partici-dresses).

: )

Ron
  • #1,655
  • May 3, 2010 11:02pm May 3, 2010 11:02pm
I am not trading the LO right now, but I start trading at 6:00 am PST - and 1/2 hour post news if there is any. If there is significant 7:00 am PST news (like ISM or homes sales, etc.) I don't bother coming in until 7:15.

There are usually several nice swings between 6:00 and 10:00 PST (avoid news) EACH DAY. I stay away from US open (5:00 - 6:00) because of a lot of volatility and false entries - and most news is over by 5:30.

I trade the u/j, e/u, g/u.

Quoting NeoRio
Most of the trading action in the Skype room is during the LO and the first hours of the London session. There may be some NY session traders there, but I don't see many
Without vision, the people will perish.
  • #1,656
  • May 3, 2010 11:05pm May 3, 2010 11:05pm
Hi Ron,

Until I discovered this thread, my forex future was dead. I am still learning, but I have far more good days than bad now. This is my 3rd month with the CH method. Hang in there - the light coming through the trees will get brighter in the coming weeks if you stick to it.

Quoting ronrhodes
It has been a long and winding road. I am seeing some light here (through all the trees).'

Kudos to ee and participants (and partici-dresses).

: )

Ron
Without vision, the people will perish.
  • #1,657
  • May 4, 2010 1:14am May 4, 2010 1:14am
Ron... Glad you joined us. Your profits should pick up soon. Big E
  • #1,658
  • May 4, 2010 1:46am May 4, 2010 1:46am
Quoting bythepound
Hi Ron,

Until I discovered this thread, my forex future was dead. I am still learning, but I have far more good days than bad now. This is my 3rd month with the CH method. Hang in there - the light coming through the trees will get brighter in the coming weeks if you stick to it.
bythepound, Big E, thank you for your gracious greeting and encouragement. According to your word let it be done, for all who follow faithfully and (when all else fails) ...let's follow instructions.

BTW, I am an ole coot, in California...Bay Area with your Pacific Time challenges.



Regards to all,

Ron
  • #1,659
  • May 4, 2010 2:04am May 4, 2010 2:04am
Hi Folks:
If you're following this thread, you need to head over to the skype room now, people are trading the LO, could be very helpful.

Jim
  • #1,660
  • May 4, 2010 2:15am May 4, 2010 2:15am
How to get to the skyp room list?
Sasa

Quoting bigjim1958
Hi Folks:
If you're following this thread, you need to head over to the skype room now, people are trading the LO, could be very helpful.

Jim
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Mirel85