Craig Harris Stochastics Method | Page 163 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Stochastics Settings 12 replies

bo7a method... method for GBP/JPY 205 replies

Stochastics 3 replies

Math question: equating hourly stochastics/rsi with daily 3 replies

Slow Stochastics Indicator 1 reply

Attachments: Craig Harris Stochastics Method
Exit Attachments

Craig Harris Stochastics Method

  • #3,241
  • Feb 3, 2011 12:44pm Feb 3, 2011 12:44pm
2/3/11 - Perfect entry candle - great TDI 50 line...
Attached Image (click to enlarge)
Click to Enlarge Name: 2-3.gif Size: 21 KB
  • #3,242
  • Feb 3, 2011 2:02pm Feb 3, 2011 2:02pm
SJR...

I find the 8,3,3 setting to work well on all timeframes... I don't use it for trade entry but confirmation with the TDI.
  • #3,243
  • Feb 3, 2011 2:32pm Feb 3, 2011 2:32pm
Congrats to qprfc, 2scoops, Snowman for kickin' booty... just keep scoopin' those pips in and posting your charts... The 5 method is so easy to trade on all timeframes... and profitable...

Best trades happen when sessions overlap...

I don't normally trade the Asion session personally.

Now if you work a day job... Trade on the lower timeframes and at bedtime check out the 4 hour and daily charts for set ups... If you only get a couple of trades a week on the 4 hour... that's still a lot of pips...
  • #3,244
  • Feb 3, 2011 3:25pm Feb 3, 2011 3:25pm
Quoting eelfranz
Congrats to qprfc, 2scoops, Snowman for kickin' booty... just keep scoopin' those pips in and posting your charts... The 5 method is so easy to trade on all timeframes... and profitable...

Best trades happen when sessions overlap...

[font=Comic Sans MS][size=3][color=#0000ff]I don't normally...
My problem with getting the trading practice in is that I live in England and I work during the London session - 7am till 5pm (GMT) 5 days a week. I find the market is sluggish by the time I get home. Are there any pairs, time frames and sessions I could target for trades, e.g. is it worth trading the pacific session after 22:00 GMT or the Asian session after midnight? I understand its probably best to target the 4HR charts.

I still always review the charts when I get home daily but I need some real time trading with the BigE method.

Maybe I need to wait till my next sick day.... lol
  • #3,245
  • Feb 3, 2011 3:57pm Feb 3, 2011 3:57pm
Quoting Bill
What about Green under Yellow under 50 for a short entry?
http://www.compassfx.com/video/flash/12411/12411.html

That Dean Malone sure knows how to make a video and explain things as well

Canadian by birth Australian by choice
  • #3,246
  • Feb 3, 2011 6:01pm Feb 3, 2011 6:01pm
Big E.

I have been demoing your method for a little while now, and I must say that the results are very impressive. I live trade my own method (which is profitable), but your method is very easy to apply. I must admit that I do cheat a little, I confirm your methods entries to those of my own just to be sure in my mind that we are 'on the same page'.

I don't post in trading forums too often nowadays simple because there are too many ego's and other noise to contend with, but you're doing great work on this forum and it's a pleasure to read through the posts and see such great co-operation between traders.....please accept my vouch

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,247
  • Feb 4, 2011 7:52am Feb 4, 2011 7:52am
Hey havent posted here in awhile, things seem to have changed a little on the method. Being lazy and in a rush, is big E now using a 5EMA, stock and tdi to confirm evntry?

Ill be reading the endless pages when I get back later but for now, 5 ema, stock, tdi go!?
  • #3,248
  • Feb 4, 2011 8:14am Feb 4, 2011 8:14am
Chews...

I started discussing the 5 method about page 170 to current. As you have read there are many traders who are finally starting to make consistant pips by using this simple method. Welcome back......
  • #3,249
  • Feb 4, 2011 8:16am Feb 4, 2011 8:16am
Vanaris...

Congrats buddy... glad to see your making money now... I always delight in another traders success.
  • #3,250
  • Edited 8:38am Feb 4, 2011 8:28am | Edited 8:38am
2scoops...

I know it's hard to trade when your working full time and especially where you live....

What I'd do is set 1 hour or 2 aside to trade on the lower time frames... unless your like me who hates sitting in front of the monitor. You need to study some old charts in that specific time range and find some charts that generally move at that specific times... and trade those charts...

During the London Session - About half the time the set ups don't start until the market has been open a couple of hours.

Your going to have to find those charts that generally move during the time you trade in.

I'd still look for set ups on the 4 hour charts you could enter before going to work. Use a S/L for sure and a T/P if thats your style...

Any other suggestions guys? Lets help 2scoops out here... ?????????????????
  • #3,251
  • Feb 4, 2011 8:41am Feb 4, 2011 8:41am
Real Jumper...

Thank you for your vote of confidence buddy. Looks like your on the top and you worked hard to earn those vouches. Thanks again.

Big E
  • #3,252
  • Feb 4, 2011 8:58am Feb 4, 2011 8:58am
Hello Big E,
I realize the answer may vary based on timeframe and each trader's methods, but, in your opinion, using the 5 method, when is it too late to enter a trade? I know that you say to enter on the next candle after the setup, but if you are away and come back 3 or 4 candles later, is it too late? I am referring to 1 hour and lower time frames.

Thanks for ALL you have shared!

John
Read the entire thread BEFORE you ask questions!
  • #3,253
  • Feb 4, 2011 9:33am Feb 4, 2011 9:33am
Quoting eelfranz
Chews...

I started discussing the 5 method about page 170 to current. As you have read there are many traders who are finally starting to make consistant pips by using this simple method. Welcome back......
Just as a general FYI comment and not being forum police, but page references irk me.

Why? preferences can be set to display 30, 40, 50 posts per pages. For instant, I am only showing 82 pages.

Reference to a Post # is the preferred method..... back to scheduled programming, did y'all catch some NFP pips?
Canadian by birth Australian by choice
  • #3,254
  • Feb 4, 2011 11:54am Feb 4, 2011 11:54am
After Yasi I move that we change The Snowman to The Rainman. Hope all is well and you kept your powder dry.
  • #3,255
  • Edited 4:44pm Feb 4, 2011 4:41pm | Edited 4:44pm
Quoting Bill
After Yasi I move that we change The Snowman to The Rainman. Hope all is well and you kept your powder dry.
Aw, thanks for thinking of me Bill, I am far from that action but following it closely.

Here are some screen shots of my latest "toy"

Both the GBP-USD and EUR-USD are making about 150 pip ranges daily, now I just need to figure out how to catch some of them..........

PS: any questions, please watch this video first --------->

AVERAGE DAILY RANGE CALCULATOR
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd adr.gif Size: 34 KB
Click to Enlarge Name: gbpusd adr.gif Size: 35 KB
Canadian by birth Australian by choice
  • #3,256
  • Feb 4, 2011 4:53pm Feb 4, 2011 4:53pm
Quoting TheSnowman
See how this 4 hour Short entry goes on the EUR - USD, same for AUS - USD, GBP - USD still going up for now ....
SOMEDAY.... I will take my own advice, looks like the full 200 pip retracement and quick too.....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4 h trade.gif Size: 39 KB
Canadian by birth Australian by choice
  • #3,257
  • Feb 4, 2011 5:08pm Feb 4, 2011 5:08pm
Johnami...

Well, well, well... there is no easy answer unfortunately... This is how I personally see it...

HA Candles average 3-8 candles per an average swing..I try to enter no later than candle 3 if possible to keep the odds in my favor... each additional candle after #3 your odds go down...

However... I'll study the PA, look back at previous hi's or low's and see how close I am, look at my TDI green line angle (12-2 & 4-6), red & yellow lines for angle and if it looks strong... I might consider entering... it's a personal decision which comes from experience trading the 5 method...

Look back in old charts where you would have had to enter on candle #4 or #5 and what was their success ratio...
  • #3,258
  • Edited 6:29pm Feb 4, 2011 5:26pm | Edited 6:29pm
Snowman...

Remember the old song... When your hot your hot, etc. Read your post and my hard drive started sparkin'... lol

I know it's more handy for you if I list the post number however if a guy is truly interested I expect him to show some initative and look back too. We're all adults here... even though I'll never admit to it.

Here it's 3:20 in the afternoon on Friday and I haven't even checked the NFP yet. I'm considering a nap actually...

Leave your guns at the door...
Attached Image
  • #3,259
  • Edited 5:29pm Feb 4, 2011 5:27pm | Edited 5:29pm
If you looked at the previous charts about the ADR (Average Daily Range) calculater, I forgot to point out that the indicator place the price tags on the chart, on the right, in magenta and green, as you may have seen in the video. Check the other charts to see how the levels were hit.

Just looking at the GBP - JPY for today, imagine having a Buy Limit at the predicted price, and a take profit at the predicted range of 160 pips!

Might try that next Non Farm Payroll day.........
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-jpy nfp.gif Size: 32 KB
Canadian by birth Australian by choice
  • #3,260
  • Feb 4, 2011 5:38pm Feb 4, 2011 5:38pm
Quoting eelfranz
Snowman...

Remember the old song... When your hot your hot, etc. Read your post and my hard drive started sparkin'... lol

I know it's more handy for you if I list the post number however if a guy is truly interested I expect him to show some initative and look back too. We're all adults here... even though I'll never admit to it.

[FONT=Comic Sans...
Hey chill out, it is weekend for sure, lot of folks expect it to be handed to them, just a peeve of mine about the pages....

If that is a CAT nap, might have one myself here on night shift
Attached Image (click to enlarge)
Click to Enlarge Name: 203.jpg Size: 229 KB
Canadian by birth Australian by choice
3 traders viewing now