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Craig Harris Stochastics Method

  • #2,781
  • Nov 5, 2010 9:18am Nov 5, 2010 9:18am
Mili...

I use the same rules on all time frames...
  • #2,782
  • Nov 5, 2010 9:22am Nov 5, 2010 9:22am
I guess what I really want to kinow is in your experience, do you do better on the 1 or 4 hr?
  • #2,783
  • Edited 5:43pm Nov 5, 2010 5:14pm | Edited 5:43pm
Dear Eel,

I have looked over this thread fairly extensively, and then studied my charts....I have to tell you that TODAY my eyes have opened up...(finally)....and I really see what you are saying....what you have taught us is the simplest tradeplays that I have ever seen

this is so easy and straightfroward..My mind keeps trying to complicate it, but it really is very easy. You have made it as simple as it could be...

thanks again
  • #2,784
  • Nov 6, 2010 9:18am Nov 6, 2010 9:18am
Mili...

It really is so simple... but as humans we try to complicate it... am glad you have seen and understand the simplicity of it. I prefer to trade the 4 hour chart if I'm going to be away or overnight. I enjoy the 1 hour chart during the day if I'm here to check it...
  • #2,785
  • Nov 6, 2010 9:28am Nov 6, 2010 9:28am
A few posts back I introduced using the Osma and AO indicators. The rules for the 5 and 21/233 DO NOT APPLY when using them.

Your safest trades occur when the candles cross the 0.0 line on those indicators. If your thinking about going long as an example then you want to see a GREEN candle on AO. Short trade a RED candle below the o.o line on the AO... Also note that often your entry will be on candle 3 or 4 in the PA.

Look at the chart below for entries on the red verticle lines. Scroll back in your charts to see them using your cross hair so you learn what to look for...

Attached Image (click to enlarge)
Click to Enlarge Name: 11-6.gif Size: 25 KB
  • #2,786
  • Edited 9:57am Nov 6, 2010 9:44am | Edited 9:57am
A few days ago I subscribed to an alert program. It cost $100 a month. I can choose which pairs to watch AND which timeframes I want it to watch.

WHEN THERE IS A REVERSAL ON ONE OF THE PAIRS/TIMEFRAME i'VE SELECTED... i GET A BOX UP ON MY SCREEN ADVISING ME. iT DOESN'T MEAN TO TAKE THE TRADE BUT RATHER.. GO LOOK AT IT. iF IT LOOKS PROMISING I PUT IT ON MY WATCH LIST AND GO BACK to check on it's progress. Sorry for the caps...

We miss a lot of trades because we don't know PA has reversed on a certain time frame... I'll let you know how it works out.
  • #2,787
  • Nov 6, 2010 9:51am Nov 6, 2010 9:51am
Mili...

I'm equally successful on all timeframes using the 5 or 21/233 methods. The same rules apply to all timeframes... Don't get in a hurry to enter... the safest trades are using the Osma &AO when both cross the 0.0 line in the same direction... but again that could be on candle 3 or 4... Just depends how safe you want to be.. using 5/212/233 methods is a little higher risk...
  • #2,788
  • Nov 6, 2010 9:55am Nov 6, 2010 9:55am
Ask your question folks... I don't bite often unless I'm short on sleep...

Big E
  • #2,789
  • Nov 6, 2010 10:14am Nov 6, 2010 10:14am
Another entry chart using Osma/AO... click chart to enlarge....
Attached Image (click to enlarge)
Click to Enlarge Name: 11-6a.gif Size: 23 KB
  • #2,790
  • Nov 7, 2010 5:37am Nov 7, 2010 5:37am
Quoting eelfranz
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...

[FONT=Comic...
Big E,
While trading are u risking a fixed percentage of your money, or is it that you have reached a stage where you are very confident of the trade that you enter and as such your position is much bigger, as you started trading full lots instead of mini lots.

Cheers
Novice198
  • #2,791
  • Nov 7, 2010 6:46am Nov 7, 2010 6:46am
Novice...

I broke the rules as far as % traded...ex. 2-3%.

I started trading full lots as soon as my account had enough money to do so AND a method I had a VERY HIGH confidence level in.

Most trades when they reverse go at least 5 pips right? I'd initially take the trade and exit on 5 pips profit + spread. Starting with the E/U because of the low spread. As confidence and bank roll increased I went for 8 pips, then 10 pips, etc. I slowly worked my way into it...

I don't recommend this to anyone else. You asked how I did it...

From there I now trade up to 3 full lots and as the account continues to grow I'll work up to 5...

Just my way...

Big E
  • #2,792
  • Nov 7, 2010 7:03am Nov 7, 2010 7:03am
Big E, Just a quick Thank You for all of your help. I have followed this thread for months and in particular your more recent additions, starting with Alf. The great thing, imo, is being able to trade all time frames with equal success. Again, Thanks and God Bless!
Read the entire thread BEFORE you ask questions!
  • #2,793
  • Nov 8, 2010 1:23am Nov 8, 2010 1:23am
Important Side Note on Entries...

It's after 10pm here and I'm crusin' thru my 4 hour charts... I've got about 8 pairs I watch. Three of the pairs looked promising to take a trade on... however...

1. Checking the daily chart they were against the trend.
2. Checking the 1 hour & 30 minute charts showed me that the
candles were flattening out for some time.

These things I could not tell from looking at the 4 hour chart...

Therefore I did not enter any of the trades tonight... and the other 5 pairs didn't convince me to jump in either. If I wasn't going to bed I would have traded one or two pairs on a 5 or 15 minute timeframe.... but sleep is more important.

Don't ever trade if your really tired...

Big E
  • #2,794
  • Nov 8, 2010 9:02am Nov 8, 2010 9:02am
Big E has shown the use of the AO and Osma. As you look back you can see how this applys when using the 21 & 233 stratergy. Safe trade when in agreement, the aggresive approach using the TDI and Osma.
As you can see , price at the present time is in a 50 pip consolidation, all TF, notice how strong the 233 is holding at support levels. In the menatime wait for PA to break through this channel. Go back in time and look at your charts and notice how this all comes together.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd30.gif Size: 41 KB
  • #2,795
  • Nov 8, 2010 6:55pm Nov 8, 2010 6:55pm
What is the setting for your MA?

Quoting eelfranz
A few posts back I introduced using the Osma and AO indicators. The rules for the 5 and 21/233 DO NOT APPLY when using them.

Your safest trades occur when the candles cross the 0.0 line on those indicators. If your thinking about going long as an example then you want to see a GREEN candle on AO. Short trade a RED candle below the o.o line on the AO... Also note that often your entry will be on candle 3 or 4 in the PA.

[FONT=Comic...
Without vision, the people will perish.
  • #2,796
  • Nov 9, 2010 1:52am Nov 9, 2010 1:52am
Hi Big E,
First thank you for sharing this simple system, I like it very much. I have a quiestion. You speak AO indicator, but when I see your chart, i see AC indicator. What is the correct indicator AO or AC?
Thank you! Csenge
  • #2,797
  • Nov 9, 2010 3:12am Nov 9, 2010 3:12am
Hi Csenge and Bythepound,

Big E is using both the OA and the OSMA along with the 5MA simple. Please refer to his posts 2737 and 2558. Hope that I helped.
  • #2,798
  • Nov 9, 2010 5:41am Nov 9, 2010 5:41am
Hi Jdcool10,
Ok. many thanks. I see now. AO=Accelerator Oscillator.
Best regards, Csenge
  • #2,799
  • Edited 7:15am Nov 9, 2010 7:01am | Edited 7:15am
bythepound...

Been a while since you posted...

The Yellow line is:

Moving Average - 5, Shift 2, Exponential, Typical

jdcool10 - Just checked my 5 and I've changed from Simple to Exponential...
  • #2,800
  • Nov 9, 2010 7:08am Nov 9, 2010 7:08am
Csenge...

The Accelerator Oscillator shows up as AC in your indicator window... don't know why.

The other OsMA shows up correctly... go figure.

Welcome Aboard...
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