Craig Harris Stochastics Method

Big E

I know what kind of stop loss approach you use when you are watching the charts. But what amount of stop loss do you use on 1 hour and 4 hour charts if you are not going to watch the charts?? Is there a difference for 1 hour v. 4 hour? Thanks.

TheSnowman,

I got the BBQ and with all your flooding you must have the shrimp... Just let me know when you want me to light it up mate...

Great video... thanks for posting it...

Johnsund,

At night I use a 20 pip on 1 hour & a 40 pip on 4 hour normally... after studying the chart & TDI... I give it my best guess as to momentum, trend strength, etc... and let her fly...

Xaphod,

Your a keeper buddy. Thanks again.

Big E

Thanks Big E. Clarifies something I have been struggling with.

Good day Big E,

I was actually in Brisbane for the big flood recently; now they have had a cyclone up north Queensland and another on the way.

Apparently it is HUGE, Category 5, the state is on Code RED !!! Supposed to be 260 kilometers per hour winds, CRIKEY

http://www.couriermail.com.au/news/n...-1225997718518

Yes, those videos are great, there must be hundreds of hours of information available there, I'm working my way thru some of it now.

At work now, so not able to post charts, maybe in another week I will have something of interest, good pips to all, John

I have found that on several occasions if you wait for the proper order of line colors to cross the 50 line that you have forfeited quite a few pips on the one hour charts. Even though it might be less conservative, once green and red have crossed yellow you stand in high probability of a profitable outcome. Any comments are of course welcome.

With limited experience I think that waiting for price to cross red and yellow and the 50 line provides a "better" entry. Look at any chart, any timeframe and it is obvious to me that unless all 3 conditions are met the chances of entering a trade that lasts several bars is reduced, and often have been stopped out. I don't remeber if Big E or Dean Malone on compassfx suggested an exercise that has helped me. Grab the double line on TDI and raise it to the top of the chart so that the candles are hidden. Then where you think a good entry or exit exists put a rectangle around that spot on the TDI. Then pull the chart back down and look at whether your selection satisfies you or not or where a better entry/exit nearby may exist. If you have an indicator that shows the timeframes that the major markets are open it reveals when the best trades are likely to occur.

So for me, I wait until green crosses red AND green crosses yellow AND green crosses the 50 line. And, I trade from London open until noon eastern US time. The most active by far.

I find no signifcant difference in the sequence that the crosses occur.

Sorry, it was the wrong template. It has been updated so you should download the updated version and use that instead.

2 ways:
1: http://forum.mql4.com/10620
Scroll down towards the bottom and watch the video.

 

1. Attach the Heiken Ashi indicator in a seperate window
2. Open up the Heiken Ashi indicator MetaEditor and change the window property to indicator_seperate_window
3. Compile
4. Change back to indicator_chart_window
5. Compile
6. Presto! You have an HA chart in a seperate window. Save the template.

2:

 

1. Attach the Heiken Ashi indicator
2. Save the template
3. Open the template in a text editor
4. Add <window></window> tags to the HA indicator,
   and height=n and window=n keys.
5. Save

Bill,

That's very true... and pulls at me all the time to take the trade earlier... but his rule is the most conservative one and he doesn't always do it either. Years ago I sent him an email why he wasn't following his own rule... he emailed me and said he took some trades early because of his experience... and it's true...

I'm not getting any activity at all on the 3 skype rooms for past 18 hrs. Anyone around? or is my skype just not working?

Been following this thread for awhile. Thx for sharing and thx to all that support this thread. Was this a good entry? Entered long on candle open at white vertical line. (The 2nd white line @ 8:00am est) Stopped out -20. Thx again. Looking forward to success with this system.

Walsanshu...

I don't know... anyone here who uses the room... can you help please? Thanks.

Xaphod,

Question for you from Bary at post 3193 above.

First of all I trade the one hour but in this case 2 things are noteworthy. Whoever is your broker that is gouging you for a 9 pip spread on the G/U? You need to change brokers like yesterday!
Secondly, I like the red line to be going in the same direction as the green and probably most importantly you traded right at a "big number" (1.6100) which lowers your odds immensely. Other comments are welcomed.

Unless, it could be 0.9 ? My indicator says 13 or 14 but I know it means 1.3 or 1.4; probably caused by the 5 decimal places brokers

Another 5 method trade... simple and straight forward... 2/1/11

And another - so simple -

Multiple entries - See TDI