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Craig Harris Stochastics Method

  • #2,361
  • Aug 19, 2010 7:20pm Aug 19, 2010 7:20pm
Neo,

I have to tell you...the Fib seems to be the one thing I needed to get over the 10 pip a day mark. I'm looking at a set of broke trend lines, a triangle that's broke, a ch price action that says go in, and a fib line that's holding things back. I normally would have entered short....it bounced off the fib and looks like it's going back up.

I really smell 30-40 pips a day now. I can taste it.

I'm doing the tokyo pairs 6-12pm eastern. There's always one that spits out pips everynight. It doesn't lend itself to a pure CH method but the method has been very useful to me. It's more of a full blown trending thing in one direction.

Thanks for that one Fib comment!
  • #2,362
  • Aug 19, 2010 9:24pm Aug 19, 2010 9:24pm
Hi all, I've been trading the cable using CH with some success at London open, and I'm curious to know what other pairs you guys trade if the GU doesn't line up for a trade.

Cheers,
Pete
  • #2,363
  • Edited 4:41am Aug 20, 2010 4:22am | Edited 4:41am
Quoting pedross
Hi all, I've been trading the cable using CH with some success at London open, and I'm curious to know what other pairs you guys trade if the GU doesn't line up for a trade.

Cheers,
Pete
I only trade GU I start around 2am EST I never had a day coming to PC and not finding a trade within 2 hours from 2am, now my method is little bit off from CH since I dont use stochastics anymore I dont want to discuss about my system here and drive this thread off CH method. If you like GU I would recomend stick to that pair each pair has its own characteristics. If you want to trade more than one pair obesely you will have to know both pairs characteristics in order to be a consistent winner.

Good Luck.
  • #2,364
  • Aug 20, 2010 4:35am Aug 20, 2010 4:35am
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
i must thanks for all the help around i have been fallowing the thread for a wile now. and it as been good...

any way i have broblem with the easy ea it keeps closing my trade prematurely...


so i am asking if some one would be kind enough to modify this, just to add move stop and take with mouse that will be a great with trading...any one
Attached File(s)
File Type: mq4 Breakout.mq4   3 KB | 415 downloads
  • #2,365
  • Aug 20, 2010 5:54am Aug 20, 2010 5:54am
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Quoting Forex Scan
I only trade GU I start around 2am EST I never had a day coming to PC and not finding a trade within 2 hours from 2am, now my method is little bit off from CH since I dont use stochastics anymore I dont want to discuss about my system here and drive this thread off CH method. If you like GU I would recomend stick to that pair each pair has its own characteristics. If you want to trade more than one pair obesely you will have to know both pairs characteristics in order to be a consistent winner.

Good Luck.
thats realy great to always have a trade can i get help with adding stoploss method to this ea just like easy ea, because its not working for me.

This one does but i want to be able to move the stop
with horizantal line .. please help
Attached File(s)
File Type: mq4 Breakout.mq4   3 KB | 425 downloads
  • #2,366
  • Aug 23, 2010 3:13am Aug 23, 2010 3:13am
Quoting sam21
thats realy great to always have a trade can i get help with adding stoploss method to this ea just like easy ea, because its not working for me.

This one does but i want to be able to move the stop
with horizantal line .. please help

I dont use any EA to trade all my trades are executed and closed manualy, Sorry I never used an EA to help you.
  • #2,367
  • Aug 23, 2010 7:45am Aug 23, 2010 7:45am
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
thanks for your reply..

IF any one can help me with this that would be great...the ea attach breakout will place a horizantal line on your chart and you will activate long or short... what ever you want..


but i need someone to modify it so if you have a long trade open
and activate short the line on the chart will become the stoploss in that it will close the long when hit and open a short trade...


thanke in advance
Attached File(s)
File Type: mq4 Breakout.mq4   3 KB | 558 downloads
  • #2,368
  • Aug 23, 2010 11:44am Aug 23, 2010 11:44am
Thanks BIG E your discussions are great,one question,as to the post on
#106...when you enter or exit using TDI red/green cross does it matter
to you if up it cross above the 50 line or down it cross below 50 line?

Thanks in Advance
Lee
  • #2,369
  • Aug 23, 2010 7:22pm Aug 23, 2010 7:22pm
Hey Lee,
I am not sure if Big E said this or someone else, but I believe it is a matter of personal preference. Crossing the 50 increase the probability of entering a better trending trade, but is not always necessary. If you feel risky then you can trade when the red/green cross, but if take a more conservative approach you can wait until the lines cross the 50. As far as exiting a trade I believe the tendency is to exit when the lines cross regardless of whether it is above/below 50. My preference is to wait until the lines cross the 50 to enter a trade in that particular direction (For example sell if lines are crossing below 50 and buying if lines are crossing above 50). There are fewer signals to trade, but the ones I do take tend to be more sucessful.

Niceguyeddy

Quoting lee888
Thanks BIG E your discussions are great,one question,as to the post on
#106...when you enter or exit using TDI red/green cross does it matter
to you if up it cross above the 50 line or down it cross below 50 line?

Thanks in Advance
Lee
  • #2,370
  • Aug 24, 2010 3:44am Aug 24, 2010 3:44am
Lee... My personal preference only... enter when green crosses red... exit by reading price action. Again... just my personal way. I only trade with HA Candles.
  • #2,371
  • Edited 4:40am Aug 24, 2010 4:17am | Edited 4:40am
Quoting samk090905
neo thank you for replying. i wholeheartedly agree with you on matters of etiquette...so im with you about the decency part. BUT, he asked you to remove YOUR video but didn't mind "YOU" duplicating his entire system?

the video is instructional in nature. the SYSTEM that's being duplicated is entirely HIS idea. isn't that strange? something is amiss here.
Wow, Sam. I really want to satisfy your question with an answer; but I'm not sure what you want to hear. The video I made was simply an instructional video on how to set up the template with the indicators, that's all it was. It did not teach how to trade the CH method. However, the video was made rather polished (ahem!)...and I put it up on youtube and it was gaining hits quite rapidly. Yes, I also made a template (just my own little version, or replica of the "real thing"), but CH never made any requests about that. He wrote me via youtube asking me to remove the video. So, I removed the video from both youtube and also from this thread.

The rest of the whole "entire system" that you are referring to is not a work of mine, it's a cumulative work of this whole thread that Big E started and got rolling. Other instrumental members who contributed to the "entire system" being duplicated were PipTalk, BabyPips, Xaphod and maybe a few others. I really have no insight beyond this...I have no relation with CH...I have no secret hidden agenda or twilight zone dealings with the CH method of trading. I am simply a trader who stumbled onto this thread and stuck with it and have since devoted hundreds of hours helping others understand it the way I do.

Is that good enough to satisfy your curiosity? What are you hoping to hear before you're willing to lay this line of questioning to rest?

Cheers,
Neo
Sentiment: Short on cash. Long on hope.
  • #2,372
  • Aug 24, 2010 4:26am Aug 24, 2010 4:26am
Quoting pressla
Hi Neo,

I documented some trades how I am using the consolidation with SS for entry and the SMAs + BB(20,2) as exits. I am using a special smoothed BB(20,2) (the red hull line) as exists or to identify the swings-extremum.

as you see in the picture I have added a "rectangle" feature to see more precise the consolidation. It does not draw them if the Fractals are inside the BB(20,1). Kinda primitive filter, but time showed quite effective. you miss some moves, but you miss more loosers to my experience so far.

yesterday was very well day. Hope...
Thanks for sharing that, Pressla, I do appreciate it.

In my 4 months of being "mentored" how to trade with BBs, never once was I given a real live example or training session...it was always done in retrospect; cherry-picking trades that had properly bounced off of the BBs. When I would try my own live trading with the BBs, I would wait for what appeared to be a bounce off the BB with a RC and then a follow through, but 50% of the time those reversals did not work out and price resumed its trend and stopped me out. I'd try this over and over on all time frames. While I understand that you are using the extreme bands for exits, I must say, that is an interesting concept, as normally the bands are used for entries...with a proper setup off the outer band. Thing is; you can never tell if hitting the band will produce a reversal, because when the trend is good and strong, price disregards those bands and will cause them to redraw (meaning open up further)...and the redrawing of the bands makes for hard live trading. I'd like to see some live examples (like 5 mins before your entry)...and then during the trade and then your exit...as that makes this concept easier to grasp.

Bottom line is that whatever works for you is what you should use. I don't want to be close-minded to BBs, but in my own experience they messed up my trading beyond belief. The only remnant of BBs I kept was the 20SMA (the middle band)...which I had been used to using even before I started using the BBs.

Again, live examples before they happen would help drive the validity of BBs home for me. Otherwise my perception of BBs is that they are best used when in tight consolidation areas (for several hours)...you go down to a small TF and trade back and forth off the bounces.

Best Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
  • #2,373
  • Aug 24, 2010 4:30am Aug 24, 2010 4:30am
Quoting Forex Scan
I just got back to check this thread again after I checked few weeks back. I see more and more traders talking about using differant indicators now are we going off from CH method here? he only used one indicator stochastics. Personaly I dont even use that some time I use MACD my goal is to pull that out of my chart soon.


Good luck with all your trading.
Good point, Scan...this thread was intended to discuss/learn the CH method. I have also found it distracting to have many traders share their other indies and methods of trading...trying to meld it together with an already air-tight method. I totally understand that each trader will end up tailor-making their trading system for themselves...and this will always be the case, so maybe my own little version of TDI, or MACD, or personalized settings of RSI will not hit the spot for others...so it's nice that we can all come together around the "native" CH method which has been all neatly wrapped up into a single homemade template.

Regards
Sentiment: Short on cash. Long on hope.
  • #2,374
  • Aug 24, 2010 4:33am Aug 24, 2010 4:33am
Quoting jdcool10
Hi Neo,

Although I have downloaded the new version 1.01 of the Xi-V lines as suggested by Xapho, they are still not updating on time automatically. So, I assume that you do not have this issue. Would you be kind to pass me your newest template of the M15 swinger? I would appreciate very much. Thanks
Hmmm, if I understand your dilemma, it's that the Xi Vlines do not plot themselves automatically in the right spot? If that's the problem you're having I'm afraid the answer is that you have to manually adjust those lines by figuring out what time zone your MT4 broker uses. Once you know that, you need to offset the times those lines are plotted by the amount of hours your broker differs from GMT.

Please let me know if you have more questions.
Sentiment: Short on cash. Long on hope.
  • #2,375
  • Aug 24, 2010 4:35am Aug 24, 2010 4:35am
Quoting eelfranz
Neo... Miss your smiling posts :-)

Big E
Hey my (Big) friend...I'm still here! Been busy trading up a storm and working on indicators, systems, etc. Thanks for continuing to coddle this special thread. I'll be your wing man any day! (from Top gun)

Best Regards,
Neo
Sentiment: Short on cash. Long on hope.
  • #2,376
  • Aug 24, 2010 4:38am Aug 24, 2010 4:38am
Quoting cugir321
Neo,...
Glad you've been turned on to the power of Fibs! I use them in so many ways...the more you draw them, the more you'll learn which swings to draw them from. They are really one of the single most powerful guides to where the next consolidation will be; where to take profits; where reversals will take place, etc. Since all indicators are lagging..it's nice to have one tool in our arsenal that is not lagging at all...but rather forecasts where possible price points will take place!
Sentiment: Short on cash. Long on hope.
  • #2,377
  • Aug 24, 2010 5:58pm Aug 24, 2010 5:58pm
Quoting jdcool10
Hi Neo,

Although I have downloaded the new version 1.01 of the Xi-V lines as suggested by Xapho, they are still not updating on time automatically. So, I assume that you do not have this issue. Would you be kind to pass me your newest template of the M15 swinger? I would appreciate very much. Thanks
I could be wrong, but I've always thought that to be an MT4 bug, rather than an issue with any particular indicator.

For example, my Xi-Sessions indy Asian Session High and Low lines rarely show on any of my charts when I start MT4 for the first time after the Asian session on a given day. They do show as soon as I change the timeframe; or after any subsequent start on the same day. This is true across several MT4 brokers.

So, every first time (per day) I start MT4, I carry out the following routine iteratively, for every chart:

- change its timeframe and change back;
- activate the crosshair by clicking the mouse wheel.

The whole thing is relatively quick / painless, as well as serves as a necessary test / warmup exercise for eye-hand coordination at 2 am. ; )

You've mentioned that you change and revert timeframe as well... I think that's as good a solution (although a kluge) as we are going to find, at least until MT5 takes over. Or does someone have a better idea?
  • #2,378
  • Aug 25, 2010 11:36am Aug 25, 2010 11:36am
Hi Heo and Nhct,

Yes my issue is that automatic coloring of the line at the specified times. I do not bother any more with it. I got tired of toying with them and I resolve to just change the time frame to any other but the 15 min and they will show up. It is more of a visual thing to eme than anything else since I am well aware of the time zone. Thanks any way.
  • #2,379
  • Aug 25, 2010 5:55pm Aug 25, 2010 5:55pm
Quoting nhct
So, every first time (per day) I start MT4, I carry out the following routine iteratively, for every chart:

- change its timeframe and change back;
- activate the crosshair by clicking the mouse wheel.

...Or does someone have a better idea?
This is exactly how I (currently) do it too, nhct. However, I believe it is an indicator-specific issue and not the MT4 platform, as I use other similar indicators (that draw lines) and they do not need to be refreshed when you fire up your platform. I have mentioned this to Xaphod and I believe he is working on an auto-refresh fix.

Best,
Neo
Sentiment: Short on cash. Long on hope.
  • #2,380
  • Aug 25, 2010 8:18pm Aug 25, 2010 8:18pm
How many west coast traders do we have on this thread? Are some/any of you getting together on some sort of time to trade/practice? Just curious.
I have no trading partner to talk with and due to work schedule can only get on sporadic days, but it would be nice to perhaps know when to get on to meet similar folks. Again, thanks!

Nothing to sell, still practicing myself . . . hope to someday not have to deal with the "sporadic work schedule".
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