Craig Harris Stochastics Method

EEL
I entered on this chart on the 6th candle from the RIGHT of the chart.

Dave...

On post 2708 the TDI was flat... no entry.

On the last trade the chart shows your entry and it was on candle #4 (white).. it shows it (post 2710)

When the PA reverses... the first candle that is a different color is candle #1.

The time 13:50 means nothing to us because we dont know what time zone your in.

Ahh, I got confused on my own entry. Slope of tdi is a bit confusing to me, because it is dependent on the chart dimension and how many candles are on it. But I see what you are saying now.

Ok looking at potential long. Crossing up over the 5 now and tdi and stoch turning up

My times are gmt

Dave...

Think about looking at a wall clock... you want the green TDI line to point between 1 &2 for long trades and 4 &6 for short trades... anything else your risk increases fast...

long now

looks like trading range will bail near the previous top

Out when candle hesitated at previous hi. Maybe early but wanted profit of some kind. Next time will open 2 positions so can let one run. Done for today. EEL thank you very much for helping. Ill get there

EEL
I have read everything and videos too. I have commented previously that the slope of the tdi is dependent on your screenshot. If I have a total of 80 bars left to right and I have my tdi indicator window 4 inches hi on my 8 inch screen the tdi slope is much different than if I have 40 bars and my tdi indicator window is one inch hi. I can make it flat or damn near vertical depending how I manipulate the screen. So, although the angle relative to a clock is a concept I certainly understand, replicating it in the way so it is useful is the key. In other words which parameters for window dimensions and number of bars make the angles mentioned on the clock valid? Am I making sense to anyone or am the only one who has this issue? for example this chart I have so the angle is good

now in this chart I have changed my window and number of bars and the slope isnt nearly as steep on the tdi on the far right

Dave, Dave, Dave... Your wearing me out buddy with these questions. Many of them I've already answered in the thread. Have you read it complete?

Set your charts and indicators the way you like them and don't change them. Then go back in your G/U chart a year or so and STUDY how the TDI looked in the PA trades on your chart. STUDY is the key... that way you'll know what to expect and look for when your trading... end
Check out www.babypips.com for learning the basics of trading the forex. I used it many years ago and it's great info...

Just want to drop a note of thanks to Big E, NeoRio, HLass (haven't seen in awhile), pipcop, Xaphod and others for contributing to this great thread! Probably forgot some in there . . . . A lot of great info to study on!! Since I am relatively new to trading I mostly just read. Maybe someday I can start to contribute here and there.
Andy K

Dave,
Responding to, "Am I making sense to anyone or am the only one who has this issue?"
It would appear that you are attempting to replace trading price and it's action/reaction in the market with trading an indicator in it's place. You've been around trading long enough to know that indicators lag behind price action. Even Dean Malone's TDI indy.

As Big E has adapted it here, it is to be used as a potential confirmation of price action. Lest we not forget, this thread was started as an attempt to emulate Craig Harris' 15m trading method. The application of the TDI here is to lend a certain smoothing effect to the over all picture that the Stochastic Oscillator can't do. As Big E has said, it may keep him in a trade longer for more profit than the SO may have done.

In any case, neither Craig Harris, nor Dean Malone, nor Big E, have indicated that an Indy would or should be used as a trigger to enter into a trade. They, to a one, trade price.

They draw a line in the sand, a moving average, as it were, and observe PA when it nears that effaceable, arbitrary line.
Craig Harris, trades a two candle break on the 15m TF in the direction of the trend.
Dean Malone, trades the break within three candles above or below a combo of two MA's of 5 smoothed, High/Low.
You've read that Big E likes to take the trade by the 2nd or 3rd candle or wait 'till PA confirms another entry.
To be very truthful here, I have been where your at now. Looking for an Indy to, "just say when." Not available.
PA is the only way to trade with any success for any length of time.
When Big E recommends to study the TDI over the period of a year he is referencing it's relationship to PA. A heads up as it were. Not the trigger.

One looks at the PA on the chart and decides, yes or no. Very simple really.
If yes, then a predetermined amount of reasonable loss has been calculated as a stop loss.
That amount varies from trader to trader and time frame being traded.
If a loss is incurred it should be a small one. Move on to the next setup. And losses will occur because there is no holy grail.

As Big E, Neo, and all the major contributors here have pointed out, more wins than losses come with much practice. Remember, too, that Craig Harris has his students setup a demo account with the sole purpose of blowing it up, time and time again. It teaches you what not to do on a live account.

Okay, lengthy, eh. Hope some of this helps. Trade well.
Cliff

Andy... Welcome aboard... come learn with us. Remember... just like the forex trades we are not right all the time but we keep improving.

Cliff... Ditto... thanks.

When trading any of these methods... set your charts up the way that it works for you... my charts work for me and are only suggestions for you... they aren't the only way or the Holy Grail. I'm just trying to make suggestions...


Big E

Big E..this thread rocks....for me, this is the most succinct thread I have seen on FF

Ok... everyone is looking for the safest entries possible while trading. The chart below gives you another option and works on all of our methods. The only difference is the indicators...

Note I removed Stochastics and added 1) the Accelerator Oscillator and, 2) the moving average of oscillators. Note that when both oscillators cross their 0.0 lines at the same time (MARKED BY THE RED VERTICLE LINES) it's a pretty safe trade... see chart. This is showing momentum... I'm sure some will prefer this set up... and of course I've included the TDI (always). Good on all timeframes too.

Mili... thanks buddy... it wouldn't be so if we didn't have such great input from our readers... there are lots of them here.

Look at these beautiful moves on the E/U 1 hour chart.. lots of pips earned here for your piggy bank...

Getting ready to go to bed... check your favorite pairs on the 4 hour charts. Remember that with the HA candles (APB average price bars) ... they average 3-8 candles per swing... so if you can enter on say candle 1 or 2 of a new swing on the 4 hour chart... you'll probably have pips when you wake in the morning. Try it on your Demo Account to get the feel... Remember that clicking on the chart enlarges it for our new readers...