Craig Harris Stochastics Method

Hi am a beginner at this looking at the videos a few times. He talks about stochastic agrement but when he points the stochastic are in a agrements the trade is long gone and you can hardly pick up the 20 -40 pips´as a target.

also the targets he talks about 20-40 pips but also big numbers enter at a big number target next big number well the range between the big numbers are 20-30 pips ? and you have stcohastic agrement later. please advice ?


best regards

Hi Neo

Post 1840 mentioned videos about the newest template. It seemed that you have later removed them. Why and how can I watch them? In case that the answer to my question is posted later in this thread, I am not through yet with the entire thread and playing catchup. Thanks

Yes, I took the video down out of respect for CH and his mentorship and program.

Kind Regards

hi neo;

you mention out of respect for CH...but all its actually doing is promoting his product: indirectly. plus, not that humans shouldn't have respect for each other; but why CH in particular? plus; how and why is it disrespectful?

is he by chance a friend of yours?


thank you neo,

Jai

As you wrote a few weeks ago.....'keep practicing and you will see it'.......and you were right! Still on demo, but getting much better. Probably getting more then 40 pips a day on average.

Cheers mate.

Ezzy

Learned my lesson last night. I kept losing pips because I thought it was going to bounce of a line....wrong!!!

From now on.....

Pair with 2 spread - I'll lose 8 pips
pair with 4 spread - 10 pips
pair with 6 spread - 12 pips.

What a prime example....I just got out of usd/jpy. It broke the reversal candle. Looked good. Was bouncing off a resistance area. Went up and stalled came tumbling back. Lost 10 pips. I usually would say....I'll stay in until the pivot. I got out with my rule. Bingo...the mother dropped 10 more pip's and it's still dropping! I'll now just take the loss and go back in if it goes right. I feel relieved already! I think it's more about the discipline then the loss or gain. I'll know with a week or so how it pans out....at least somewhat.

Thanks Eel!!!

Later in the evening...

P.S. What a day...I went from 150 pips down to 128 back up. The above stuff kept me from going very deep in lost pips. I did lose two in a row. I heard someone say CH doubles until he wins....I figured 2 doubles will be my compromise. It certainly saved me. Compounding to win is still a bit scary. I saw a guy lose 5k in about 12 rolls on roulette....compounding. It gets real dangerous around the 5th or 6th time. Money goes into flames!

I also put a sell stop at 10 pips under the price on Usd/jpy just before the 2:15pm FOMC speech. I felt that due to everyone saying that the Federal reserve has used all their bullets, there wouldn't be real rosy news. Bingo!!! I went 4 units x 10 for 40 pips. Got it in like 15 seconds. Wish I'd had let it run a bit but....it was a little risky. Not much since it had to be dropping and bad news doesn't usually stop at 20 pips down. I would have pulled the trade if it fell slowly before the entry. It fell like a meteor. I used a real tight 5 pip stop loss...if there's momentum when it hits I want it.....if not...I want out. Used a 10 pip TP. Boosted the units so I could hit it hard and quick....anyone else try this?

I set up a demo account with Alpari today and practiced some with this method. Swweet. Picked up 53 pips on G/U and 16 on E/U. Tired now, but what a way to start. Need to do some more demo for awhile, still pretty new to forex.
I tried to print screen and save a screen shot to post, but the file manager said "invalid file format", maybe it doesn't like a doc file. Have to work on a better method. Thanks to all for this great thread!

Cugir... CH when he loses a trade... only doubles up one time on the next reversal. If the second trade loses... he goes back to his original lot size.

Rahd... You should Demo trade for 30-90 days before going live. Shoot for 70% win rate anyway before trading real money. When copying a chart... right click the chart... click Save as Picture (Current chart) and save to your desktop. Then it's easy to load into the forum. See previous "How To" in this thread.

Big E

Thanks E. (Big E, Mr. E?, preferred title?) I'll try that next time. I like the little profit tracker indicator on my chart. Is there a way I can move it to around the lower left of the screen? Currently it overlays the BN reference lines.
Great thread.

Lets see if this works . . .

wow thanks for all the answears

Xaphod,

I have added a line to show me the close of the NY session at 23 GMT. I noticed that it doesn't appear automatically at the specified time. Rather I have to select a different time frame then revert back to the 15 min chart to see that line. How can I fix it? Thanks

PS. The other lines (WO, LC ) are doing fine.

Thanks!!! I'll remember that.

Thanks E. (Big E, Mr. E?, preferred title?) I'll try that next time. I like the little profit tracker indicator on my chart. Is there a way I can move it to around the lower left of the screen? Currently it overlays the BN reference lines.
Great thread.

Anyone have the answer? I don't know. Big E

Big E,

Things are starting to bop!! 105 up this week. Been letting it run til it breaks the trend line....then being very cautious until I reestablish the trend. Also getting out at about 12 pips on average for bad trades....many times 2-3 pips if it bounces a second time. It's made a difference. I'm sticking with the trend unless it's a symetrical, even movement, that I can measure. Then I'll go for 10 or so pips on the counter.

Hi Cugir,

So you don't use the normal 35 pip stop as per CH advice? How often do you get stopped out?

If you could post some chart examples of what you have said above it would be really helpful

Welcome aboard to all new subscribers.

Cugir... Congrats on the pips buddy. Big E

Sam, if you were around when I initially posted the video, you would have seen CH's comments and request to remove the video. Our intention here was never to steal anything, but just to use what was being made available for free. That is why I removed the video, because he requested it. Yes, of course it will benefit his business to not have a video out giving details into how his template/indicators work, but it only makes sense, since after all it is *his* product we are all here trying to learn.

I have respect for him because he has given us enough crumbs from his table for us to be able to improve our trading for free...by watching his free videos over and over and attending his many webinars. This is more than I have seen any other teacher offer...who charges.

NeoRio

P.S. I have never met CH

Hi Neo,

I understand and agree 100% with your point in removing the videos. Indeed CH gave us enough to make this work on our own and honoring his request was the least that you could have done. (I did make some pips already in real time with it).

P.S. By the way, why don't you have the latest template in post #1840 listed on the first page as decided some time ago? It is more practical that being buried in the thread.

P.S. S. I have sent a note to Xaphod regarding the XI lines which do not appear automatically at the specified time. I have to switch time frame and then revert the 15-minute chart to see any line for the different sessions. You usual help would be appreciated. Thanks.

This is Big-E's thread, so he is the only one who can move posts and attachments around.

I believe Xaphod may have made a new version of his Xi-Lines indie that addresses this issue.

Best Regards