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Craig Harris Stochastics Method

  • #2,741
  • Oct 30, 2010 2:57pm Oct 30, 2010 2:57pm
To all thread readers... go to the top of the page and click Thread Tools and at the bottom of the box that opens is Subscribe To This Thread. If you'll do that you will get the updates in your email box as they happen... it's handy...
  • #2,742
  • Edited 3:47pm Oct 30, 2010 3:19pm | Edited 3:47pm
You know... I don't make these entries to hear my self talk... I do it in the hopes that you'll stretch your wings out and try to fly so to speak... try new stuff... consider new ideas... become a better trader and take these short cuts to learning we offer for your consideration....

This chart below is a Daily Chart... using this method (the 5) you can't tell me that you couldn't have traded it with great success. Use a 50-100 S/L because it's a Daily Chart. I have FXDD and they start their new day at 2pm Pacific time... so I check all Daily charts about that time to look for trades... this way you only have to check your charts once a day.... Trade it on your Demo Account first... Your broker will update and start the new day at a different time of day then mine in my time zone... Trading the 4 hour and daily charts is how you make 100's of pips per trade... or using the 21/233 method with multiple entries in any trade.
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  • #2,743
  • Oct 30, 2010 3:43pm Oct 30, 2010 3:43pm
Questions or constructive comments?
  • #2,744
  • Edited 4:47pm Oct 30, 2010 4:25pm | Edited 4:47pm
Here is what I see...you have shown multiple entrie types based on the same principle, with a few tweaks....now we have to take each and scroll back thru the charts using multiple timeframes and see them for ourselves....for me, as I said, this thread is the best that I have seen....I am particularly intrigued when I consider these setups on 1 hr charts......thanks again!
  • #2,745
  • Oct 30, 2010 4:45pm Oct 30, 2010 4:45pm
Big E

Thanks for all your sharing...look forward to practicing demo on set and forget on 4hr and checking back in morning. You said 50-100 stop loss on daily. What is max stop loss you would set for a 4hour chart if letting it run through the night.

Thanks, Ed
  • #2,746
  • Oct 30, 2010 5:00pm Oct 30, 2010 5:00pm
Mili... Thanks again. I hope this information is helping you to develop into a more successful trader... that's why we share.

OK... This is an unusual post/announcement here. I had a friend that was having major computer problems... one of which was it ran slower than a snail. He had ordered a disc from a company online. It fixes computer problems. Well he inserted it into his laptop, clicked a few selections and in a matter of a few minutes it fixed a gob of problems it found as well as his computer started runnin like a race car... I couldn't believe it. I finally got the info from him the other day and ordered it too. I installed it on 4 of my computers and zap it found all kinds of problems and fixed them as well as making it run... fast, fast, fast again. Now I run it once a week on my computers and you can tell an immediate improvement. It's about $57 which includes the download off the net as well as a CD. I'm not affiliated in any way with this company and I don't make any money off this. It's just when I find something that really works fantastic... I like to share it. So if you need something like this... go to : http://www.spotmau.com/products/pack...FUtJ2godynkI1g
  • #2,747
  • Oct 30, 2010 5:03pm Oct 30, 2010 5:03pm
Ed... Usually use about a 50 pip S/L on the 4 hour chart if I'm away from the computer...
  • #2,748
  • Edited 6:43pm Oct 30, 2010 6:02pm | Edited 6:43pm
Last night I was reviewing one of Dean Malones videos (the creator of the TDI Indicator). He recommends only taking trades if:

Long Trade Entry: Green crossing above the 50 line, above yellow, above red.

Short trade Entry: Green crossing below the 50 line, below yellow, below red.

This is the safest rules for entry into a trade using the TDI. Go to your charts and look for these conditions....
  • #2,749
  • Oct 30, 2010 6:10pm Oct 30, 2010 6:10pm
It's hard to remember and apply general forex rules like...

Before you enter a trade on a certain pair... check to see what the average daily range is for that pair and how far it has already moved. If as an example the daily range is 100 pips and it's already moved 80 pips today... you might want to look for a different pair to trade. Little things like this will trip you up and increase your chances for a loss...
  • #2,750
  • Oct 30, 2010 6:22pm Oct 30, 2010 6:22pm
TDI Example: Click on the chart to enlarge it.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 26 KB
  • #2,751
  • Oct 30, 2010 10:39pm Oct 30, 2010 10:39pm
Quoting cce
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.
Some good points, Cliff. Thanks for contributing...keep up the good work.

NeoRio
Sentiment: Short on cash. Long on hope.
  • #2,752
  • Oct 30, 2010 10:46pm Oct 30, 2010 10:46pm
Quoting eelfranz
You know... I don't make these entries to hear my self talk... I do it in the hopes that you'll stretch your wings out and try to fly so to speak... try new stuff... consider new ideas... become a better trader and take these short cuts to learning we offer for your consideration.....
Thanks for sharing so many charts and trade styles, Big E. I wanted to suggest that if it would be possible, for you to make a video to "bring to life" these trade examples. I'm not sure if you have the software to record your screen with audio (there are several free options available), but it would might help us to see the way you approach your setups in a clearer way.

Thanks,
Neo
Sentiment: Short on cash. Long on hope.
  • #2,753
  • Oct 31, 2010 4:32am Oct 31, 2010 4:32am
Big E, I agree with Neo if you could do this it would be great!

Kind regards
Kulvadee

Quoting NeoRio
Thanks for sharing so many charts and trade styles, Big E. I wanted to suggest that if it would be possible, for you to make a video to "bring to life" these trade examples. I'm not sure if you have the software to record your screen with audio (there are several free options available), but it would might help us to see the way you approach your setups in a clearer way.

Thanks,
Neo
  • #2,754
  • Oct 31, 2010 7:31am Oct 31, 2010 7:31am
Quoting eelfranz
It's hard to remember and apply general forex rules like...

Before you enter a trade on a certain pair... check to see what the average daily range is for that pair and how far it has already moved. If as an example the daily range is 100 pips and it's already moved 80 pips today... you might want to look for a different pair to trade. Little things like this will trip you up and increase your chances for a loss...
I am trying to understand the above. Are u saying that that in the abv case we should look for another pair and this will increase our probabilities for winning trade.

Cheers
Novice198
  • #2,755
  • Oct 31, 2010 11:47am Oct 31, 2010 11:47am
Hi All... I don't have the software or knowledge to make a video.

Novice 198... Lets say your trading in the London market times and the market opened 7 hours ago. Well if your trading the G/U as an example it may be getting close to it's average daily range... so any trades you take on it might go slow or you increase your risk if you hadn't checked the Average Daily Range first. It's just something as forex traders we need to be aware of when trading... if it's close to the ADR you might want to look for another pair to trade that has more opportunity... If this answer does not satisfy you... perhaps NeoRio can explain it to you in a different way...

Big E
  • #2,756
  • Nov 1, 2010 11:32am Nov 1, 2010 11:32am
Conflicting posts are the cause of my questions, not lack of reading. I will go back to my cave and try to learn on my own. Adios
  • #2,757
  • Nov 1, 2010 4:50pm Nov 1, 2010 4:50pm
Big E, just to reiterate how much I appreciate the fact that you have poured your heart and soul into this thread for nearly a year....you have gone way above what we could ask for...thanks SO MUCH!!!!!
  • #2,758
  • Nov 2, 2010 8:34am Nov 2, 2010 8:34am
Hey Dave,
Sounding abit dismayed, there...what conflicting posts are you referencing...
Can't say that doing the hermit thing in a cave like enviroment will be of much help to you...
So dish...what's still not clear?
Cliff

Quoting davewooldrid
Conflicting posts are the cause of my questions, not lack of reading. I will go back to my cave and try to learn on my own. Adios
I get exercise just pushing my luck
  • #2,759
  • Nov 2, 2010 7:45pm Nov 2, 2010 7:45pm
Dave, short of Big E offering a full blown mentoring program it's unlikely you will ever be able to duplicate his results. This is not a reflection of Big E...As with ALL techniques that are shared on various forums there are so many nuances that prevent you from converting "forum shared" techniques into a mechanical system that you will be successful with.

There are other factors like money management, position sizing, etc... and just having a knack for reading the market that are perhaps more important then the entry itself though they are rarely ever discussed in enough detail.

It's also interesting that while this thread was launched to facilitate CH style trades I would be willing to bet that almost everyone here has probably moved on to something else...not that they haven't learned something here but they are unable to get consistent results trading this style exclusively.

I can say that I have learned something form Big E's (5 minutes trading) posts though I doubt I will ever be able to duplicate his success....perhaps we should chip in and buy him the tools for making the videos that was previously suggested.

I have great admiration for those traders that are consistently successful...hopefully one day I will join their ranks.

Dave, sorry for rambling on but hiding in a cave is not the answer. Unfortunately for us neither is lurking in these forums.


Quoting davewooldrid
Conflicting posts are the cause of my questions, not lack of reading. I will go back to my cave and try to learn on my own. Adios
  • #2,760
  • Nov 2, 2010 9:18pm Nov 2, 2010 9:18pm
Hello Big E, great posts and charts. The TDI offers many other ways to use this indicator. Plotting tred lines from higher highs to lower highs with a break of that line with green over red ,along with showing divergance. I have included a chart to show how effective the TDI can help you with your trading.
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