Craig Harris Stochastics Method | Page 164 | Forex Factory

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Craig Harris Stochastics Method

  • #3,261
  • Feb 4, 2011 5:39pm Feb 4, 2011 5:39pm
Snowman - keep us posted on how that approach works. Will be very interesting to see if it works out.
  • #3,262
  • Feb 4, 2011 7:08pm Feb 4, 2011 7:08pm
Snowman,

I bought the original ADR Calculator... and PA goes to the lines like clockwork normally... worth every cent...............
  • #3,263
  • Edited 7:22pm Feb 4, 2011 7:14pm | Edited 7:22pm
Quoting johnsund
Snowman - keep us posted on how that approach works. Will be very interesting to see if it works out.
that in reference to following my own advice ? I want to see how that works too !!

Here is another TDI indicator with visual alerts, might help someone, and here is a chart showing it in action, looks like it places a B or S or * on the chart as well as the visual and audio alerts, have to play with it some more........ the indicator that is


PS - Forgot to mention that there is also a "TRADE LINE" that is the Blue dotted line, now sure how that is calculated. If you study the chart, you can see where it places the " B " for Buy when the green is above the yellow & red & above the 50 line I believe. And there is a red "S " when it crossed back down - very hard to spot as the candle is red also, good luck
Attached Image (click to enlarge)
Click to Enlarge Name: tdi pic.gif Size: 24 KB
Attached File(s)
File Type: mq4 TDI-With Alerts.mq4   24 KB | 888 downloads
File Type: ex4 TDI-With Alerts.ex4   19 KB | 729 downloads
Canadian by birth Australian by choice
  • #3,264
  • Feb 4, 2011 7:57pm Feb 4, 2011 7:57pm
Quoting eelfranz
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
Thanks Big E...and you're welcome. I have attached a chart from EUR/JPY which I trade (M30). My entries and exits using your method may not be 'textbook', but this is the method I have used on your system and for me, it seems to be performing very well.

Entry 1: I entered as the first candle opens clear of the Yellow MA, and the red line is on top of the green line on the TDI indi, and the stochastic + TDI are both going downhill.

Exit 1: This a little more tricky.....I get ready to exit as the red and green TDI cross but before I exit I switch to the M15 chart. On that chart I see the stochastic is already turned and is starting back uphill. That's enough for me (I'm a big fan of stochastics), so I exit.

Entry 2: Once again, I enter when the first candle opens clear of the Yellow MA, and Green is on top of Red TDI (not too bothered about the Yellow TDI), and stochastic is on the rise.

Exit 2: Stochastic has crossed and Green TDI is turning so I switch to the M15 chart to see that stochastic has well and truely crossed, TDI has crossed and the little bull candles show that the move is exhausted.

I took both of these trades on my live platform because my system also agreed with yours.....however, it was much, much easier to spot using your system. I'll continue to demo your system for the rest of this month, and if it all looks good I'll open another account and just trade your system on it.
Attached Image (click to enlarge)
Click to Enlarge Name: eus.jpg Size: 138 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,265
  • Feb 4, 2011 9:25pm Feb 4, 2011 9:25pm
Hi everyone, I am extremely thankful for stumbling onto this thread from my google search to learn more about CH's technique. I am upto page 12 and have to say on that page Big E you had contemplated closing, I am glad you did not.

Allow me to introduce myself, I am one of those traders that has spent countless hours and money trying to make trading work. I refuse to give up and have been at it for over 3 years. It seems I am getting close to turning the corner and after finding this thread I think I finally found a genuine group of people who do care in the success of one another and I plan to share what I have learned and learn from you all.
  • #3,266
  • Feb 5, 2011 12:35pm Feb 5, 2011 12:35pm
You say you enter when the first candle is clear of the MA. My question is, how do you know it will be clear of the MA before the end of the time period. For example, on your red candle entry it could have gone above the MA before the end of the 30 minute period.
  • #3,267
  • Feb 5, 2011 2:10pm Feb 5, 2011 2:10pm
Quoting TheSnowman
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.........
Thanks for this, I managed to find a post on another forum where someone had coded there own version of the CompassFX calculator, close to it but not quite as fully featured as the CompassFX one. Only thing is it didn't come with a manual. It has two settings ADR and ATR, which one should be used? and what period 5 days?

One thing I did notice is the price action really seems to bounce of these ADR and ATR lines, seems to really help with the 5 Method. I don't want to post the indicator here but if anyone wants the link to the forum PM me.
  • #3,268
  • Feb 5, 2011 2:28pm Feb 5, 2011 2:28pm
TheSnowman ,

please link download adr calculater pro .

thanks
  • #3,269
  • Feb 5, 2011 2:47pm Feb 5, 2011 2:47pm
Quoting 2scoops
Thanks for this, I managed to find a post on another forum where someone had coded there own version of the CompassFX calculator, close to it but not quite as fully featured as the CompassFX one....
The default setting for the CompassFX is 5 days as shown in my screen shots earlier.

There is no doubt that knowing the daily range is a must for day traders, not only for entering but warning you to be cautious about trading at the extreme end of the range.

The only thing that I am curious about is the calculation of the predicted high & low. Think about it like this, say we know the ADR for the last year / month / week is 150 - anyone can easily plot 2 lines 75 pips from the open, obviously 1 will be hit.

Now, what I figure the indicator should do is re-plot the predicted low & high during the trading day. Say, there is an UP day, so once the range reaches maybe 25% of the ADR, then it should recalculate the low & high, moving them up. If, then the whole day was an up move, eventually the low would be plotted near the open and the high would be the 150 pips higher, fulfilling the ADR requirement.

Did you follow that? Maybe it does that, I haven't watched it during the trading day yet but this coming week I will be able to put in some full days on the charts.

And the Pipware Dashboard also give me the range of each session, so very easy to see where price is at during the day.

Did you manage to install all those indicators 2scoops? got a few more for you........
Canadian by birth Australian by choice
  • #3,270
  • Feb 5, 2011 2:51pm Feb 5, 2011 2:51pm
Quoting traderfxpt
TheSnowman ,

please link download adr calculater pro .

thanks
Here is where I got it from

https://invest.infusionsoft.com/saleform/niufhnat

It is $149 but kind of cool have an indicator with your name on it, and no, I am not sending you a copy of that
Canadian by birth Australian by choice
  • #3,271
  • Feb 5, 2011 3:01pm Feb 5, 2011 3:01pm
TheSnowman,


thanks, very nice
  • #3,272
  • Feb 5, 2011 3:58pm Feb 5, 2011 3:58pm
Quoting Bill
You say you enter when the first candle is clear of the MA. My question is, how do you know it will be clear of the MA before the end of the time period. For example, on your red candle entry it could have gone above the MA before the end of the 30 minute period.
Well you can't know for certain that the candle won't go back above the MA, but the stochastic and TDI, as well as the position of the MA all appear to support the thinking that the move will 'stick'. A quick look at a lower time frame, in my case the M15, gives a pretty good idea as to whether the move is going to continue or not.

A candle can reverse at any time, anywhere along it's journey, but sooner or later you have to enter the trade and accept the associated risk involved. There is no 'sure thing' in fx which is what the SL is for.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,273
  • Feb 5, 2011 4:48pm Feb 5, 2011 4:48pm
Quoting TheSnowman
http://www.compassfx.com/video/flash/12411/12411.html

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

As a follow up, for anyone REALLY interested in the answer to that question, watch this webinar --->

BASIC SYNERGY METHOD

Must not be too many followers of Dean Malone here on FF, there are no threads solely for Synergy Method Trading; there is a review but it was a bit negative........so is he a great salesman or does the system really work?

See how I go this week............
Canadian by birth Australian by choice
  • #3,274
  • Feb 5, 2011 6:20pm Feb 5, 2011 6:20pm
RJ

You said:

A candle can reverse at any time, anywhere along it's journey, but sooner or later you have to enter the trade and accept the associated risk involved. There is no 'sure thing' in fx which is what the SL is for.

Words of wisdom... thanks...
  • #3,275
  • Feb 5, 2011 6:32pm Feb 5, 2011 6:32pm
Snowman,

Your Question:

Must not be too many followers of Dean Malone here on FF, there are no threads solely for Synergy Method Trading; there is a review but it was a bit negative........so is he a great salesman or does the system really work?



Dean is a conserative trader and that's what the Synergy system reflects. He is a VERY SUCCESSFUL TRADER . He also teaches all over the world... and he's a straight shooter who has helped multiple thousands. On any system you can find complainers just like the Craig Harris method and many more too. He also has his own trading room and makes lots of pips in his room. If you ever take the time to get to know him it will bless your life... I've known him about 3 years...
  • #3,276
  • Feb 5, 2011 6:48pm Feb 5, 2011 6:48pm
FX-Trader...

Welcome aboard. On our thread we discuss 3 different methods along the way. We have a lot of helpful and experienced traders here who help everyone. Anyone who doesn't fit or causes trouble is sent down the road...

Please feel free to ask questions and post charts too... invite your trading friends too.

Mostly we don't growl except when we don't get any sleep.
  • #3,277
  • Feb 5, 2011 6:59pm Feb 5, 2011 6:59pm
Quoting realjumper
Thanks Big E...and you're welcome. I have attached a chart from EUR/JPY which I trade (M30).

Entry 2: Once again, I enter when the first candle opens clear of the Yellow MA, and Green is on top of Red TDI (not too bothered about the Yellow TDI), and stochastic is on the rise.

Exit 2: Stochastic has crossed and Green TDI is turning so I switch to the M15 chart to see that stochastic has well and truely crossed, TDI has crossed and the little bull candles show that the move is exhausted.
OK, I gave it a few days, no one has said anything, and I know you did it to test if anyone really looked at your charts........

............I found the mistake, what did I win ?
Canadian by birth Australian by choice
  • #3,278
  • Feb 5, 2011 9:19pm Feb 5, 2011 9:19pm
I too have known Dean for several years and find him most honest and helpful. He has no problem for example of our using his TDI in this application. You can go to the Compassfx website and there are scores of helpful videos available on TDI, ADR and other indicators and systems. If anyone is interested he also has a free trade room every morning. Also, keep in mind that Dean and Craig have also worked together so there is some similarities between their methods.
  • #3,279
  • Feb 5, 2011 10:58pm Feb 5, 2011 10:58pm
Quoting TheSnowman
OK, I gave it a few days, no one has said anything, and I know you did it to test if anyone really looked at your charts........

............I found the mistake, what did I win ?
Do you mean where I got the Entry 2 and Exit 2 lables back to front? I just noticed after reading your post!!! Sorry about that, it was just a typo!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,280
  • Edited 1:14am Feb 6, 2011 1:03am | Edited 1:14am
Hi. Just want to thank everyone for posting & join the group. I've been studying for several years but only trading a little because I'm in the central time zone, that is, asleep during London & at work during New York. Now that I've been fired I'll be available to trade when the market is actually moving. As for Snowman's question, folks in our local trading group have high regards for Dean Malone. And I like the TDI: it has pretty colors & it works.
My favorite crochet hook is size J. It's a J-Hook!
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