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Craig Harris Stochastics Method

  • #1,701
  • May 9, 2010 7:24am May 9, 2010 7:24am
Quoting eelfranz
bythepound,

Price Action is my #1 sign for entries and exits. I trade what I see.

The TDI Indicator -
Big E,
Can you pls elaborate your statement "I only use the red/green lines with yellow being dotted. I use it basically for entries along with Stochastics. I don't follow the rule with green above red & yellow and 50 to go long."
What are you looking for in TDI indicator for confirming your entry.
Cheers
Novice
  • #1,702
  • May 9, 2010 8:09am May 9, 2010 8:09am
Quoting eelfranz
bythepound,

Price Action is my #1 sign for entries and exits. I trade what I see.

The TDI Indicator -
Big E,
Can you pls elaborate your statement "I only use the red/green lines with yellow being dotted. I use it basically for entries along with Stochastics. I don't follow the rule with green above red & yellow and 50 to go long."
What are you looking for in TDI indicator for confirming your entry.
Cheers
Novice
  • #1,703
  • May 9, 2010 9:10am May 9, 2010 9:10am
Hello,

Thanks to everybody for this great thread.

I will practice this strategy and try to make it mine.

Just to be sure that my setting are correct, is it possible for one of you to post a picture of NeoRio last template when the market will be open. It will allow me to make sure everything is fine.

Regards,

Gringoh
  • #1,704
  • May 10, 2010 1:50am May 10, 2010 1:50am
Quoting bythepound
I noted that I cannot see the fractal arrows on the latest CH Template even though I have them selected as an indicator on the template. I confirmed that they are in the indicator list for the template. Is there something in the latest template that blocks them from showing up?

Thanks
Hi there. If you want to see the Fractals, then just set them to show on all TFs. I have them by default only to show on M5, I think...since I think they clutter the screen a bit. A matter of taste.

Regards
Sentiment: Short on cash. Long on hope.
  • #1,705
  • May 10, 2010 4:30am May 10, 2010 4:30am
Quoting jamie1789
Hi everyone,
new to FF,
Neo,
I downloaded your Indicators zip to computer,dragged and dropped them into metatrader 4 template and Indi folders, I can see them in the folders but the templates and Indicators dont go to the metatraders list when I open the platform,hope I have explained clearly,thank's for sharing they look great on your charts.
Thank you.
Are you putting the indicators in the folder that says: ..../Program Files/[broker]/experts/indicators ? And are you putting the template in the folder that is: .../Program Files/[broker]/templates ?
Sentiment: Short on cash. Long on hope.
  • #1,706
  • May 10, 2010 8:11am May 10, 2010 8:11am
Thanks!

Quoting NeoRio
Hi there. If you want to see the Fractals, then just set them to show on all TFs. I have them by default only to show on M5, I think...since I think they clutter the screen a bit. A matter of taste.

Regards
Without vision, the people will perish.
  • #1,707
  • May 10, 2010 10:52am May 10, 2010 10:52am
Just posting here to subscribe to the thread. Looks interesting.
  • #1,708
  • May 10, 2010 6:15pm May 10, 2010 6:15pm
Hi folks:
Basic question here, are IB's & OB's considered the same as a change in color reversal candle, i.e., if stoch agrees, etc, you use it as a signal to trade just like the color reversal candle? Thanks guys

Jim
  • #1,709
  • May 10, 2010 8:38pm May 10, 2010 8:38pm
Novice... I sent you an email thru FF. Let me know if you got it.

Todays Trade. E/U, 4 H chart, Short, 2 lots. Entered Short at 6:46 AM at 1.2933 and exited at 5:15 PM at 1.2770. TDI green crossing down over red and Stochastics heading down. Made me smile again!
Attached Image (click to enlarge)
Click to Enlarge Name: 5-10-10 #2.gif Size: 23 KB
  • #1,710
  • May 10, 2010 9:43pm May 10, 2010 9:43pm
Quoting bigjim1958
Hi folks:
Basic question here, are IB's & OB's considered the same as a change in color reversal candle, i.e., if stoch agrees, etc, you use it as a signal to trade just like the color reversal candle? Thanks guys

Jim
That's pretty much right, Jim. Some prefer OBs to IBs (as a more significant RC). Some even go as far as to trade just the body of the candle (ie. Inside Body/Outside Body)...and take trades off of breaks of those. My preferred RC is a candle of a different color + either an IB/OB.

Kind Regards
Sentiment: Short on cash. Long on hope.
  • #1,711
  • May 10, 2010 9:56pm May 10, 2010 9:56pm
Quoting eelfranz
Novice... I sent you an email thru FF. Let me know if you got it.

Todays Trade. E/U, 4 H chart, Short, 2 lots. Entered Short at 6:46 AM at 1.2933 and exited at 5:15 PM at 1.2770. TDI green crossing down over red and Stochastics heading down. Made me smile again!
Nice setup
Lazy Forex
  • #1,712
  • May 11, 2010 8:11am May 11, 2010 8:11am
I have been doing a lot of testing on the 4 HR using the CH method, IB/OB, and RC entries. If you can watch 8 pairs and you are willing to check your charts every 4 hours except maybe, 2 am), you can earn a ton of pips.

I took that setup you show on the EU and EJ and bagged 40 each, which is my TP on the 4HR with minis.

My trading partner (my wife) and I are going live with a 4HR strategy beginning next week in hope that in time, we will not have to "day trade" the M15, M60 etc. We are also going to be doing a daily chart program as well. The CH method, IB/OB, and RC entries work great on the upper time frames. The stops have to be larger, but so are the TP.

BTP
Quoting eelfranz
Novice... I sent you an email thru FF. Let me know if you got it.

Todays Trade. E/U, 4 H chart, Short, 2 lots. Entered Short at 6:46 AM at 1.2933 and exited at 5:15 PM at 1.2770. TDI green crossing down over red and Stochastics heading down. Made me smile again!
Without vision, the people will perish.
  • #1,713
  • May 11, 2010 10:26am May 11, 2010 10:26am
Quoting bythepound
I have been doing a lot of testing on the 4 HR using the CH method, IB/OB, and RC entries. If you can watch 8 pairs and you are willing to check your charts every 4 hours except maybe, 2 am), you can earn a ton of pips.

I took that setup you show on the EU and EJ and bagged 40 each, which is my TP on the 4HR with minis.

My trading partner (my wife) and I are going live with a 4HR strategy beginning next week in hope that in time, we will not have to "day trade" the M15, M60 etc. We are also going to be doing a daily chart program as well....

BTP:

Would you please keep us updated on the H4 -CH application - and what you find your typical stop and TP1 and TP2 to average out at? Thanks
  • #1,714
  • May 11, 2010 11:57am May 11, 2010 11:57am
I plan to update when I can.


Quoting pipit
BTP:

Would you please keep us updated on the H4 -CH application - and what you find your typical stop and TP1 and TP2 to average out at? Thanks
Without vision, the people will perish.
  • #1,715
  • May 12, 2010 1:01am May 12, 2010 1:01am
Quoting eelfranz
Novice... I sent you an email thru FF. Let me know if you got it.

Todays Trade. E/U, 4 H chart, Short, 2 lots. Entered Short at 6:46 AM at 1.2933 and exited at 5:15 PM at 1.2770. TDI green crossing down over red and Stochastics heading down. Made me smile again!
Hi Big E,
Thanks for the clarification as well as the personal mail. However, your post throws up another question. Are you applying the CH strategy on the H1 and H4 Time frame also?

Hope to chat with you in the chat room.
Cheers
Novice
  • #1,716
  • May 12, 2010 11:19am May 12, 2010 11:19am
Novice... Yes.
  • #1,717
  • May 12, 2010 4:23pm May 12, 2010 4:23pm
Hi Neo -

You state that: "My preferred RC is a candle of a different color + either an IB/OB."

I attached a screen shot pointing to two RC that have an IB indication on them. Is that you mean by your statement?

Thanks
BTP

Quoting NeoRio
That's pretty much right, Jim. Some prefer OBs to IBs (as a more significant RC). Some even go as far as to trade just the body of the candle (ie. Inside Body/Outside Body)...and take trades off of breaks of those. My preferred RC is a candle of a different color + either an IB/OB.

Kind Regards
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 21 KB
Without vision, the people will perish.
  • #1,718
  • Edited 10:24am May 13, 2010 10:23am | Edited 10:24am
Append below is trade that i have taken on the break of the IB. The stochs were flattish and red when I entered however, as the trade developed the stchs turned up ( gets repainted as it is lagging indicator). The entry candle has now become OB. I am monitoring the trade, and would like to know if my entry was correct.

Cheers
Novice

PS the stop loss has been hit, so failed trade!!!
Attached Image (click to enlarge)
Click to Enlarge Name: EU Short.PNG Size: 30 KB
  • #1,719
  • May 13, 2010 12:10pm May 13, 2010 12:10pm
Novice.... You had NO CONFIRMATION on your Stoch to enter that trade. Sorry you lost. Make sure Stochastics is in the proper area before entering. Please review the videos. Big E
  • #1,720
  • May 13, 2010 12:22pm May 13, 2010 12:22pm
Novice... Note on this chart the angle of the Stochastics for these 2 short trades. This is what you want. Chart is using HA Candles. Big E
Attached Image (click to enlarge)
Click to Enlarge Name: 5-13-10.gif Size: 17 KB
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