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Craig Harris Stochastics Method

  • #2,621
  • Oct 20, 2010 8:02am Oct 20, 2010 8:02am
Xaphod...

Thanks for the hard work buddy. Your another Super Star on this thread....
  • #2,622
  • Oct 20, 2010 8:16am Oct 20, 2010 8:16am
Chims,

Ive said more than once that over the years I've kepy tid bits from various things Ive learned and various systems Ive studied. I've added bits and pieces from here and there to develop my own trading systems...

Those settings were part of a system I studied a couple of years ago. Ive always made money using that system using multiple entries in the trade as it builds. I never questioned the settings because its always worked for me... and if it aint broke... I dont tinker with it!
  • #2,623
  • Oct 20, 2010 11:31am Oct 20, 2010 11:31am
Quoting eelfranz
Asian Session is the same as Tokyo Channel. We will discuss the other two indicators later.
Big E.. I am new to this BUT thanks for the effort it is vry good. Just One Q You say that the Asian session is the same as the Tokyo Channel.... Thus if I place the Asian Session indicator on my charts this is what I use to determine the Tokyo Channel size i.e. more than 40 pips etc. Many Thanks
  • #2,624
  • Oct 20, 2010 3:55pm Oct 20, 2010 3:55pm
Mike....

In order to get swings where you can make 15-30+ pips per trade average on a 15 minute chart... we need swings of 40+ pips in the Tokyo Channel prior to the London Open which is the market that CH trades. CH will not trade the London market until the Asian session (Tokyo channel) reaches the 40+ pips level. Hope that answers your question...
  • #2,625
  • Oct 20, 2010 4:03pm Oct 20, 2010 4:03pm
SURVEY PLEASE..... In your opinion what is the average number of pips in a reversal for the 5 minute and the 15 minute chart?
Which market?

Please take a moment to state your 2 cents...
  • #2,626
  • Oct 20, 2010 6:06pm Oct 20, 2010 6:06pm
Big E, I looked back at your trades on the g/u from monday, and now I see what I was doing wrong.....Man I appreciate you!!!!

Thanks!!
  • #2,627
  • Oct 20, 2010 9:49pm Oct 20, 2010 9:49pm
Hi Big E,

Firstly thank you for your time and effort helping us here,

I have the same questions as asked below in post 2522 for the 2 recent templates you have added.

I have started looking closely at them and can see the simplicity of using them. I would very much appreciate your response by Pm if you like, maybe you can send same as you sent to Kulvadee.

Again thanks for your help
Ian

Quoting eelfranz
Kulvadee... Answered by PM......
  • #2,628
  • Oct 21, 2010 2:17am Oct 21, 2010 2:17am
Quoting milicentfx
Big E, I looked back at your trades on the g/u from monday, and now I see what I was doing wrong.....Man I appreciate you!!!!

Thanks!!
Hi Would it be possible to see those trades... Regards a new beeee many thanks Mike?
  • #2,629
  • Edited Oct 22, 2010 6:31am Oct 21, 2010 3:12pm | Edited Oct 22, 2010 6:31am
Concerning post 2522:

Set Up 21/233...

21 ema, shift3, Typical
233 ema, shift 5, Typical
I use these settings on all time frames
No other moving averages
On 5 minute chart I expect 3-8 HA candles average per swing.
I trade mostly G/U and E/U
I don't use big numbers with this system.
TDI (green, red, yellow dotted lines set to default.
Stochastics at 8,3,3
HA Candles

A couple of years ago I saw a video on this system. I eliminated the other stuff they had on their charts because there was so much you had a hard time seeing the candles of the PA. I didn't use their indicators either. Instead I opted for the TDI and Stochastics. Remember that I like to keep my charts clean and simple.

Below is the perfect trade:
We trade away from the blue line (233ema)
Once PA crosses the 21ema... the first candle is the set up candle.
Enter on the second candle if it's the same color.
Enter with 1-2 lots
PA moves up and bounces off the 21ema. Buy another lot or two at the white line.
Do the same as it continues to bounce off the 21ema.
Normally you get 2-5 bounces off the 21 ema.
When you enter and have 3-5 bounces you know it's time to exit. If PA crosses back over the 21ema...Exit the trade.
Strongest trades are always when the 21/233 are close together and the 21 pulls AWAY.

This trade on the 5 min. chart went about 94 Candles. This is the approximate pips made from this trade: Entry to exit (246), #2 entry to exit (200), #3 entry to exit (150), #4 entry to exit (95) & #5 entry to exit (30) for a grand total of 700+ pips for that trade.

These set ups happen over and over again...
Attached Image (click to enlarge)
Click to Enlarge Name: 10-21d.gif Size: 21 KB
  • #2,630
  • Oct 21, 2010 6:18pm Oct 21, 2010 6:18pm
Another example of a trade on todays G/U 5 min......
Attached Image (click to enlarge)
Click to Enlarge Name: 10-21f.gif Size: 30 KB
  • #2,631
  • Oct 21, 2010 6:26pm Oct 21, 2010 6:26pm
Same trade on 21/233 method... 36 candles... over 160 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 10-21g.gif Size: 25 KB
  • #2,632
  • Oct 21, 2010 8:29pm Oct 21, 2010 8:29pm
Xaphod, THANKS SO MUCH!

I had been busy doing other things and haven't checked my email the last couple days and did not realised we had new posts on our thread and you had done this for us.

Thanks again for your effort, I appreciated a lot.

Kind regards
Kulvadeee
Quoting Xaphod
TDI-Histo.mq4, v1.00
- Draws a tape chart with data for the RSI price line (green), the trade signal line (red) and the market base line (yellow.
- Provides alerts for crossovers of the above three lines.
- Requires that the indicator 'Traders_Dynamic_Index.mq4' is installed. Get it Here:
http://cdn.forexfactory.com/attachme...6&d=1262263093

[font=Lucida Console]Show.TimeFrame=0; // Timeframe to use. Current Timeframe=0.
[font=Lucida Console]Show.MarketBaseLine=true; // Show cross above/below...
  • #2,633
  • Oct 21, 2010 9:03pm Oct 21, 2010 9:03pm
Quoting eelfranz
Same trade on 21/233 method... 36 candles... over 160 pips
Big E

Trading these 2 templates, do we need to worry with Asian session to make 40 pips?

Kind regards
Kulvadee
  • #2,634
  • Oct 21, 2010 10:19pm Oct 21, 2010 10:19pm
In order to get swings where you can make 15-30+ pips per trade average on a 15 minute chart... we need swings of 40+ pips in the Tokyo Channel prior to the London Open which is the market that CH trades. CH will not trade the London market until the Asian session (Tokyo channel) reaches the 40+ pips level. Hope that answers your question... Quoted by Big E, this is a completely different stratergy, E uses the 5 min TF, but it would'nt hurt to use it as a guide. This will give you an edge that the swings will generate 20-40 pips
Hope this helps

Quoting kulvadee
Big E

Trading these 2 templates, do we need to worry with Asian session to make 40 pips?

Kind regards
Kulvadee
  • #2,635
  • Oct 22, 2010 6:23am Oct 22, 2010 6:23am
Kulvadee... No. Like PipCop said this is a completely different strategy. Stick to the rules for each seperately.

PipCop... Welcome back to the thread.

Big E
  • #2,636
  • Oct 22, 2010 9:24am Oct 22, 2010 9:24am
Quoting eelfranz
Another example of a trade on todays G/U 5 min......
Hi Eelfranz,
are you sure the yellow line is a 21 ema? I can't replicate your chart. My 21 ema is much further away from the price. Yours looks like a 9 ema?
Same on the chart above.
Thanks.
  • #2,637
  • Oct 22, 2010 9:35am Oct 22, 2010 9:35am
Hello mr. BigE,

although i am not a big contributer to this thread i am following the discussions with great interest.

however about the movingaverage 21ema for example, the recommending setting is shift3, typical.

however i can choose the ma methode from; simple,exponential, smoothed, linear weighted.

which one should i click for ?

should i put it on the close, open, high, low or typical price perhaps ?

perhaps are this typical newbie questions but i am now a little confused for the good setup

kind greetings,

Willem
  • #2,638
  • Oct 22, 2010 6:58pm Oct 22, 2010 6:58pm
Muppet...

21ema... e stands for exponential
Set the Shift to 3
Then select Typical
  • #2,639
  • Oct 22, 2010 7:02pm Oct 22, 2010 7:02pm
Castlebrook...

One chart is the 21 ema method
The other chart is the 5 sma method

Sorry for the confusion...........
  • #2,640
  • Oct 23, 2010 2:47am Oct 23, 2010 2:47am
Quoting eelfranz
Muppet...

21ema... e stands for exponential
Set the Shift to 3
Then select Typical
Hello mr. BigE,

thank you for the reply. have learned again something.

best regards,

Muppet
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