Craig Harris Stochastics Method

SWIFT: Stochastic Wave Intraday Fractal Trading.

SWING: Stochastic Wave Intraday... numbers... gainers....

acronyms are hard...
...
SWIRL?

Gentlemen, the method that this thread follows is simply a 'five bar reversal' with a few 'smoke and mirror' additions to make it a commercial enterprise.

I did suggest to Big E some months ago that the thread should change its name to reflect this instead of paying homage to Harris.

Much as I admire RioNeo and others that have sought out similar indicators to CH, I do not believe them to be particularly useful in following this method.

This is not a criticism of anything produced here, it is just that I am a simple person and all the supposed bells and whistles only confuse me.

Having said that, nothing became of the Bollinger Band proposal that possibly would have been a welcome addition.

I did not read Harris's comments on YouTube. I would say however that he disclosed what he chose to disclose and he cannot complain if people were able to copy any of it. See Pipware's site for another version of a dashboard to 'complement' the 5BR system.

He had presentation after presentation on CompassFX with the hope of gaining recruits to his overpriced tuition scheme.

Harris is a marketeer, he has taken publically available techniques, dressed them up in fancy language and sold them as an overpriced package. This is not uncommon, neither is the whining about it later when the elements are copied.

In his attempt to impress the unwary has disclosed too much, albiet unnecessary bells and whistles. When people believe that these are essential to the scheme then they copy.

I can tell you of a number of systems using the 5BR either with or without the Stochastics. I know of at least one that uses stochastics without the reversal pattern. These vary from 1Min to 1Day systems.

Noticed that Inside Bars are now being used. I can show you schemes where these are used alone in a system.

The 'dashboard' has multi timeframe information. (Don't know if this is from the Harris system or justthe 15 Reversal) The '3 Ducks' system uses this extensively.

No my friends, little is new most is available freely on-line.

Don't rise to the bait!

Kolin Vekal

Neo, I wouldn't worry too much about CH's threats; he's just trying to protect his little "gold mine"; and it ain't trading forex. I have read every post here, from the first by Big E, and I see nothing that remotely violates CH's little 'sunshine' money maker. It's a lot like the "No Money Down" real estate schemes from the 80's; all common knowledge - different packaging - different hype = big bucks. (jmo)

Good work.

At first glance I thought ol Bill Poulus changed his name......... Same kinda guy ... markets overpriced trading systems.....
As to CH..... nothing here he hasn't already put out there for free, you have just fine tuned it a bit.

1st trade for the day. Enter after the outside bar candle. See vertical line. Stoc at 2'oclock angle. Took 25 pips

Inqit.... Love to hear of your success. Thanks for sharing. Big E

Hi Guys, I'm slowly reading through the thread and am about half way there. I downloaded the 3 semafor indicator that's mentioned way back but can't see it after dropping it in to the platform . I may have it installed wrong. I put it in the usual indicators folder but when I go to the navigator there's no sign of it?

Thanks in advance for any help here.

HX

took 20 pips. Pin bar and consolidation of prices.

Wow! Nice work, Neo! I'm impressed! Thanks for putting it all together!

waited for the stoc to turn down at fairly good angle.
took 22 pips

Hi Neo,

Just a quick note of encouragement. Read your posts today about CH comments [could not see the comments] but from my view point, everything has been on the up & up. Free information and ideas have been provided by Mr. Harris [which he learned for someone else] and those ideas have been shared, expounded upon, clarified and possibly improved by a joint effort of this thread - and through combined experience.

Your kindness and willingness to share, along w/ your computer skills have helped everyone here greatly - and I am personally very appreciative. Sorry you've inherited some grief for all your selfless effort - we are all indebted to you.

Pipit

I just wanted to say hello to everyone. Great thread, great attitude here (supporting and teaching and trading well). I'm almost through the whole thread working from first and last toward the middle. A few more pieces of the puzzle have fallen into place for me. This fits perfectly with how my trading has been evolving. And, the most important addition for me is psychological. It's about identifying price action which yields constant results.

There seems to be a good balance between maintaining the core of the system with some open discussion of ideas and acceptance of others minor variations. That's not always the norm in a few of the FF threads.

I'll post trades (good and bad) and want to see how this fits with the MAs, Pivots, trend lines, etc... that I'm comfortable with.
Thanks

Neo,

Craig should be flattered by the efforts made here, as I believe you intended. His justification for his large fees is the 1800+ hours he claims to spend helping you learn to trade the market the way he does. I believe he should stick to that justification, I think it it is his best selling point and greatest point of value. His perspective and experience are truly unique to him. Any other emulation is just that, an emulation with someone elses perspective and experience guiding it. However he has worked to brand his name, and I would be sensitive to someone else using my name in association with something I have no control over. I think the thread name should change, and possibly the template format could evolve to something more unique. I do greatly appreciate the all for one, one for all spirit of this trading group. If trading is the point, and price action is King; and supposedly no one person or trade system can affect the market indefinitely; then what system belongs to who shouldn't matter. Lets Trade, the rest is all marketing hype.

That's very kind of you...thank you!

Best Regards

Hi HLass

I've been having measured success with bollinger bands on the 1hr tf. I have limited time for the screen but can check each hour hence the one hour time frame. What I'm trying to refine is catching the move of the day in the London session for cable. I'm getting it a couple of times per week and am happy with that but suspect my use of BB is more than a little haphazzard as I don't have full understanding. I was wondering if you could share the info/article you spoke of earlier in the thread (I'm on page 82 and still reading when I can)

Kindest Regards to you and hope the pooch is better now.

HX

(For Skype room)...here ya go.

NeoRio

So.. i took my first swinger trade (in demo). Ive been finding it much easier to spot the moves in 5M rather than 15M. Not sure if this is going to work out or whether im going to suffer more whiplash than on the 15M... will have to wait and see i guess.

Anyway.. i just took this entry on the cable 5M.

I entered short because:

 

1. Tokyo channel was 48 pips.
2. Next news was GBP budget release at 2130 (my local time in Sydney). In hindsight, i probably should have not entered the trade this close to big news.
3. We'd made a lower high and bounced off a BN at 1.4750.
4. Reversal candle seemed like a reasonable pin bar (greater wick than body).
5. Stochs started to point down nice and sharp 2 bars later.
6. I was also trading away from the 180MA and going with the apparent trend.

I went short at 1.4730 when the candle hadnt finished. Not sure if this was a good or bad thing - probably not a good habit.

My SL was 1.4752 just above last swing high fractal (acceptable 20 pips or so).

Target was 1.4702, (couple pips above BN 1.4700 and previous support). A standard 30 pips.

Money Management was a lot size of 0.1 on a $2000 demo trade account. 1% risk. Return would be 1.5% if i achieve 30 pips. Daily pip target is 50 pips.

I moved my stop to BE +2 as i learnt from BigE earlier on when price went down +20.

Price came very close to hitting target but i noticed it started losing some momentum near 1.4700 so i took 2 pips less than target and was happy with that getting out a few minutes before news time.

Have attached a screen cap to illustrate.

If ive done something wrong or if someone can suggest any improvements, i would be very grateful. Have been reading and watching the charts a lot to get my head around the basics. If i can get a little affirmation that im on the right track or totally off it, i can cement in the good habits or get rid of the bad ones before they set in. Am stoked that 1st swinger trade is a +28. Now to look for next solid opportunity

Ive requested inclusion to the skype room as i think it would be great to learn and help contribute when im on deck. Havent heard anything resulting from that. If someone could add me to the room, i would really appreciate it. Skype handle is smokinaces7

Cheers n beers.

(hope the file attachment works for new posters).
http://www.ipanoramic.com.au/temp/sw...028%20pips.gif

NeoRio how can i add myself to the skype room
thanks

NeoRio... You suggested changing the name of the thread to 15M Swinger which is fine with me. Of all the emails I have sent to FF... I have never received a response... so how do we do this? Big E

Hi Neo:
Hope everything is square between you and CH. If he read this forum he should realize you weren't trying to take money out of his mouth, just trying to help struggling traders turn their trading around using some commonly found indicators. It's a testimony to you to how much time and effort you give to others to help them, it is greatly appreciated. Do you think it would be ok to talk about IB's & OB's and how people use them on this thread to help the newbies, or would that be a bad idea, interested in your thoughts.

Jim