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Craig Harris Stochastics Method

  • #2,761
  • Nov 2, 2010 9:42pm Nov 2, 2010 9:42pm
Hibernating in a cave is not the answer. What conflicting posts are you refering to. Big E has kept it simple for everyone to understand. We are all here to help each other. Trading forex, futures, indicies takes practice, pratice and you learn from your mistakes.

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
  • #2,762
  • Nov 2, 2010 10:06pm Nov 2, 2010 10:06pm
One more chart showing trades going to the downside using the TDI
Attached Image (click to enlarge)
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  • #2,763
  • Nov 3, 2010 7:15am Nov 3, 2010 7:15am
PC,
Very good points...I like to look at PA and the position of the blue channel bands when above 68 or below 32 as well.
For Short: when Red moves below Green, then below Blue is a nice heads up to look at PA for your entry.
Great use of Trend Lines to highlite this relationship.
Appreciate your input/insights.
Cliff

Quoting PipCop
One more chart showing trades going to the downside using the TDI
Attached Image (click to enlarge)
Click to Enlarge Name: PipCop Trend Lines.gif Size: 35 KB
I get exercise just pushing my luck
  • #2,764
  • Edited 10:20am Nov 3, 2010 10:02am | Edited 10:20am
Stayincool, CCE and Pip Cop...

All good points...

My trading and studying is different than anyone elses... and yours is different than anyone else. There is no way to tell completely what I see in a pair when I decide to trade or stay out of the trade. Things I do are automatic and often I don't even think about it anymore because those things have become automatic in what I see in the chart/TDI. All I can do is try to explain it to the best of my ability.

No doubt I learned more from the CH Videos than if I only had a PDF to go by.


Example: I've been looking at another system for about 2 weeks now... but I can't get my head around it... and I've lost several trades on my Demo Account...... but when I switch back to our 21/233 or 5 method... I'm in the money on my trades... go figure.

Big E
  • #2,765
  • Nov 3, 2010 11:21am Nov 3, 2010 11:21am
BIG E Could you comment on what you see as the key differences between the 5ma...... and the 21/233ma......... setups? Obviously they use the same timeframe so the TDI and HA candles would be the same - what is the biggest difference that you have found please?
  • #2,766
  • Nov 3, 2010 12:23pm Nov 3, 2010 12:23pm
LOL...
Reminds me of the saying; "If it's not broke, don't try to fix it."
Your visual approach to that ever changing line drawn in the sand is money, E... helps greatly making that decision to trade or not trade.
Thanks much.
Cliff

Quoting eelfranz
Stayincool, CCE and Pip Cop...

Example: I've been looking at another system for about 2 weeks now... but I can't get my head around it... and I've lost several trades on my Demo Account...... but when I switch back to our 21/233 or 5 method... I'm in the money on my trades... go figure.
Big E
I get exercise just pushing my luck
  • #2,767
  • Nov 3, 2010 9:27pm Nov 3, 2010 9:27pm
Hi Big E,

You mentioned in earlier posts about the 21/233 system that you normally enter on the second or third candle. Is it at the close of that candle or a breakout...? Also you "usually" don't use stop loss (or just 15 pips). But where in particular one should set his/her stop loss? I was thinking maybe at the swing high/low or support/resistance as in the CH method; but these points often are quite a distance from the entry (60+ pips) using the Heinken Ashi charting . Any advice is appreciated, Thanks
  • #2,768
  • Nov 3, 2010 10:38pm Nov 3, 2010 10:38pm
JD,
In case you missed this PDF in the attachment button top right of page. This has Big E's approach on pages 2 and 3 of the PDF. I think Neo assembled it. Very professional job and easy to follow. Big E talks about how he handles his Stop loss there. Covers everything this thread is about.
Hope this helps.
Cliff

Quoting jdcool10
Hi Big E,

You mentioned in earlier posts about the 21/233 system that you normally enter on the second or third candle. Is it at the close of that candle or a breakout...? Also you "usually" don't use stop loss (or just 15 pips). But where in particular one should set his/her stop loss? I was thinking maybe at the swing high/low or support/resistance as in the CH method; but these points often are quite a distance from the entry (60+ pips) using the Heinken Ashi charting . Any advice is appreciated, Thanks
Attached File(s)
File Type: pdf CH Natural Flow & Big E's Method.pdf   265 KB | 6,471 downloads
I get exercise just pushing my luck
  • #2,769
  • Nov 4, 2010 12:05am Nov 4, 2010 12:05am
Quoting eelfranz
[font=Comic Sans MS][size=3][color=blue]Hi All......
Thanks for the explanation which is in line with my understanding. Sometimes I cannot catch the drift of the American English, which was the reason for the confusion in this case.

Cheers
Novice198
  • #2,770
  • Nov 4, 2010 1:08am Nov 4, 2010 1:08am
Quoting eelfranz
Stayincool, CCE and Pip Cop...

All good points...

[font=Comic Sans MS][size=3][color=#0000ff]My trading and studying is different than anyone elses... and yours is different than anyone else. There is no way to tell completely what I see in a pair when I decide to trade or stay out of the trade. Things I do are automatic and often I don't even think about it anymore because those things have become automatic in what...
Big E,

If it isn't broken why fix it. In other words if a Trader is consistently making profits using one method, then by repeating it over and over gain, he gains confidence and makes more money. With this in mind I do not understand why consistently profitable Traders look for different methods all the time. I understand that Markets change, but do they change so much that it requires to change to new method of Trading.
May we have your comments / views on this.

Cheers
Novice198

PS Novice Traders try their hand at many methods to find what is suitable (quickfix) for them. I am also Trading using 2 to 3 methods only and have still yet to Master a single method.
  • #2,771
  • Nov 4, 2010 6:44am Nov 4, 2010 6:44am
Pipit....

The 21/233 was designed to trade and take multiple entries as the trade progresses.

Imagine the 21 & 233 lines are close together... then the 21 takes off away from the 233.... lets say long. The PA will arc above the 21 and then come back close to the 21 and then arc... take off again. Each time it repeats you add lets say one more lot to the trade until it finally comes back down below the 21 where you will exit all trades. I have charts that are marked showing this here on the thread. You make massive pips....

The 5 is a simple way to look at PA. When the second crosses the 5... I enter at the beginning of candle #2 as long as it's the same color as #1 candle.

Always checking the TDI...
  • #2,772
  • Nov 4, 2010 6:51am Nov 4, 2010 6:51am
JDcool...

On the 21/233 I enter at the beginning of the second candle that crosses the 21... see previous charts.

If the S/L is too many pips... drop down to a 5 minute chart and put the S/L at the last swing level plus a couple of pips. As the trade progresses move your S/L within say 15 pips on a 5 min chart.
  • #2,773
  • Nov 4, 2010 6:56am Nov 4, 2010 6:56am
CCE , Novice and others...

I'm not looking for another trading system. The reason I study other systems is to see if I can discover anything that would be helpful when trading my methods. If I find something worth while I bring it to you for your evaluation and consideration.

I only want to bring to you things that are beneficial, easy to understand and that really work...
  • #2,774
  • Nov 4, 2010 7:09am Nov 4, 2010 7:09am
Yep, yep...much appreciated, too.
Cliff

Quoting eelfranz
CCE , Novice and others...

I'm not looking for another trading system. The reason I study other systems is to see if I can discover anything that would be helpful when trading my methods. If I find something worth while I bring it to you for your evaluation and consideration.

I only want to bring to you things that are beneficial, easy to understand and that really work......
I get exercise just pushing my luck
  • #2,775
  • Nov 4, 2010 10:21am Nov 4, 2010 10:21am
Big E, not to beat this to death but can you elaborate a bit more on your exits? It seems on a 5 min chart it's easy to get whipped around a bit. I thought you posted earlier that you keep the close box up and will punch out of a trade when you are down 5 pips...assuming a 4 pip spread on the GU that would 9 pips....on the EU with a 2 pip spread that would be a 7 pip loser. After a few of these you would need a bunch of winners to dig out of the hole. So as is normally the case the key is keeping losses small...just not sure how you are doing this.

Also, do you normally favor trading any particular chart time period? Based on recent charts you shared I was under the impression it was the M5. However, your comments seem to speak to all time periods. I recall you posted that you normally trade NYO...trading the M15 would obviously provide fewer opportunities as compared with say the M5...though M5 has much more noise hence the need to punch out of trades quickly.

thanks.



Quoting eelfranz
JDcool...

On the 21/233 I enter at the beginning of the second candle that crosses the 21... see previous charts.

If the S/L is too many pips... drop down to a 5 minute chart and put the S/L at the last swing level plus a couple of pips. As the trade progresses move your S/L within say 15 pips on a 5 min chart.
  • #2,776
  • Edited 8:51pm Nov 4, 2010 8:30pm | Edited 8:51pm
Stayincool...


YOU GOT TO LEARN TO READ YOUR CANDLES for an exit. Are the tops starting to flatten out or the last candle a little shorter. Scroll back in your charts and study what they look like just before the reversal.

I'd rather exit when it drops back 5 pips total instead of 15 pips. Why? I can re-enter if necessary and save pips...

I'd love to stay up all night and just trade the London Open... however I'm retired and can't pull those kind of hours anymore so I get up at 5am Pacific time and trade the NY Open for 2-4 hours. I check the market all day long too... specially at 2,6 &10 on the 4 hour chart looking for reversals... my brokers time for the 4 hour new candles. I've considered moving to Europe just so I could trade the London market during the day time. I'd make a killing...

5 minute charts... I've started trading only full lots (1-3) on my trades. I got tired of making $1 a pip... when I could make $10 a pip for the same work. So if I'm trading 2 full lots as an example and I jump out at 7 pips profit... I've earned $140 instead of $14. I use the same rules. My favorite is the 4 hour chart knowing it averages 3-5 candles on a reversal... and that's a lot of pips and $$$.

Study your charts and learn what their saying so when you see it again you'll know what's about to happen.
  • #2,777
  • Edited 8:37am Nov 5, 2010 7:25am | Edited 8:37am
Ok... it's 5;10 am... I've been up 10 minutes. I set my alarm for 2am to check my 4 hour charts. With my broker the new candles appear at 2, 6 & 10... twice a day.

I entered a short trade on the E/J...4 pip spread. Went short at 114.42 with one full lot. I waited about 15 minutes until I was in profit and placed my S/L at 114.44 which was as low as I could go. The price is currently 114.18 and still going short. I went back to sleep until now. I'm up $247.25.

I''m getting ready to lower my S/L to within $50 of the current price ($50=5 pips) my style...

I entered on the 3rd candle. Anyone could do this...

Big E
  • #2,778
  • Nov 5, 2010 7:28am Nov 5, 2010 7:28am
4 Hour Short Trade
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  • #2,779
  • Nov 5, 2010 8:55am Nov 5, 2010 8:55am
Big E, do you also trade this way on the 1 HR chart, or stick mostly to the 4 HR?
  • #2,780
  • Nov 5, 2010 9:16am Nov 5, 2010 9:16am
Rob...

I sent a reply to the email you sent me but it came back as undeliverable... ???
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