Craig Harris Stochastics Method

Big E:
I'm continually impressed by your generosity in this thread. Just wanted to say thank you very much.

Jim

than you neo; but that's only a legend. meaning, it just explains what the acronyms stand for and not really how to use them. meaning, do you have anything that shows, how to use those numbers? the pdf just shows what those stand for: for example, pto= pips to open price...but what about it?


thank you,

Hi Big E:
On post#3092, you have the entry at the close of the setup candle, I thought it was supposed to be at the open of the entry candle if it's the same color as the setup candle? Thanks for clearing this up, I am unable to post the chart that you used, sorry.

Jim

Big E what do you find your best exit method using the 5 method,i,m having great results entering the trades following the tdi rules as laid out by dean malone over the 50 line very important,has kept me out of many bad trades,however Big E do you exit by fibs s/r or a set profit target.
Regards

bigjim,

1st candle to cross the 5 ema and close is the set up candle... if 2nd candle opens the same color it's the entry candle... check your tdi also.
This is the safest method...

If I have an earlier entry it's due to my experience using the 5 method and tdi readings... As you gain experience you may enter a little earlier too on some trades..

Remember the odds are on your side that the HA Candles will go 3-8 candles on the reversals...

qprfc...

I have years of studying charts and PA.

What I look for if I'm on the chart to exit:

If the wick on the top candle has withdrawn 5+ pips I exit.

Is the last candle weak... no momentum to speak of... I exit

If the green line is starting to go flat or hooking over.

Lots of experience!

You ask: do you exit by fibs s/r or a set profit target.

Don't really use any of those for exits...

Thanks for your detailed answer,yes i,m following all the rules laid out by you,and yes i sometimes enter trades a little bit early,been using the tdi over 2 yrs great indi,and yes i will follow your exit rules as i,m very good at reading candlesticks but quite new to HA candles and need a little more screen time with them,
had 4 winning trades thus far today,will wait now until london open,thx big E
Regards
P.S My stoch also helps me a lot slightly quicker settings than you however.

eelfranz, Thanks again for sharing better way to look at TDI. Based on your experience on TDI, do we need to wait the same sequence of 3 color TDI only open trade? What i mean is when buy do we need to wait for green line on top, red line on the second and yellow dotted line on the third. Because i noticed a lot false signal when we go long when green line on top, follow by yellow dotted line then the bottom line is red. vice versa for the sell. The best i noticed from the backtest is follow color sequence of the line, is this correct? of course all the line mentioned about must cross 50 level. Can you tell me what are the 8pairs you usually trade?

Big E,

I got stung with a few bad demo trades this morning using the 5 method. One was stupidly trading around a news announcement and the other two just seemed to be trading during consolidation (they stalled, moved back 5 pips and I closed the orders).

You've mentioned not trading during consolidation, what methods do you use to determine whether conditions are right for you to start trading on a pair. Do you look at the todays daily range, if your trading M15 do you look at the 1HR and look at the size of the candles.

I know others on FF (like stratman) wait till the market has ranged at least 40 pips in the session they are trading in before they even think about making a trade.

I'm just interested in what methods you use.

Thanks.

xTDI Strong-Histo.mq4

Displays a histogram indicating:

 

1. RSIPriceLine above TradeSignalLine, MarketBaseLine and 50 level
2. RSIPriceLine below TradeSignalLine, MarketBaseLine and 50 level
3. None of the above
4. With optional alerts when the above states are entered

NOTE! Requires Traders_Dynamic_Index.mq4 is installed:
http://www.forexfactory.com/attachme...6&d=1262263093

All the settings are explained in the source file.

 

1. Select 'xTDI-Strong-Histo v1.00' in the Navigator.
2. Right Click and select Modify from the popup Menu. The indicator will be opened up in MetaEditor.
3. Scroll down to input parameters and read.

Xaphod,

please share this template.

Thanks

Thanks xaphod. Prefect!!!!!!!

Could wait to find out but do these have an audio alert?? Thanks

Displays a histogram indicating:

 

1. RSIPriceLine above TradeSignalLine, MarketBaseLine and 50 level
2. RSIPriceLine below TradeSignalLine, MarketBaseLine and 50 level
3. None of the above
4. With optional alerts when the above states are entered

Here you go:
'Traders_Dynamic_Index.mq4': http://cdn.forexfactory.com/attachme...6&d=1262263093


Please re-download.The template file was wrong.

Xaphod,
very nice template. thankyou. but, please tell me how you got the H A in the lower window, thanks, vince

http://clip2net.com/s/KoVk

PLEASE HELP

THANKS

Android,

I was unaware that there were false signals when it was green over yellow over red in that order. I'll check it out today studying old charts. Thanks.

You also know that there is nothing in the forex that happens a hundred percent of the time. We just have to go when the odds are in our favor is about the best we can hope for.

The 8 pairs I trade are back about 4-5 pages. Many of the wierd pairs have great PA for trades too... and they are not listed.

Many traders don't want to trade pairs that have a 6-8 pip spread. You can easily trade them on the 1 & 4 hour time frames because of the greater return of pips... but I don't trade them on the lower time frames.

Big E

Watch this video, explains it in great details, even the blue lines function. A picture is worth a thousand words, this video worth many times that

http://www.compassfx.com/video/flash/42708/42708.html

2scoops,

Your Question:

You've mentioned not trading during consolidation, what methods do you use to determine whether conditions are right for you to start trading on a pair. Do you look at the todays daily range, if your trading M15 do you look at the 1HR and look at the size of the candles.

Answer: NO

I look at the yellow line to the left of my cross hair and mt TDI... is it running pretty flat? I look for a curve up or down on the 5 ema and/or green on the TDI for best results...

Study older charts... I can't express how important that is for your success...

Anymore most of my trading is on 1 & 4 hour charts

Big E