Craig Harris Stochastics Method

Littlebunny...

Welcome aboard... Sign up at the top of the page so you will get the updates in your email...

We will help you anyway we can to be profitable... lots of great folks here and strong traders too.

This is what we want to see your trading account do:

RJ,

I'm sure we all caught the #2 trade was bass akward but we knew what you ment buddy. I'm glad I never made a mistake .

All you need is a nap....

Big E

The arrow is Gann HiLo Activation Arrow.
Just an extra indicator for trend confirmation.

MY TRADE EURUSD M5

http://clip2net.com/s/LbfN

Traderfxpt...

Sweet... congrats buddy

Big E

I'm still learning this method.

iI LIKED TO SEE SOME VIDEOS TO LEARN MORE.

Thanks Big E

So simple... 5 method... on all time frames

15 minute chart -

For those who only have 1 or 2 hours a day to trade... use the 5 minute chart... You'll lose or B/E here and there but your winning % will be high... such a simple method ! Verticle lines mark the entry candles...

Traderfxpt...

I'll make videos when someone teaches me how to record and post them...

Thank you

very simple method

very nice

In the meantime, as a help, Dean should have videos somewhere on how to read the candles & TDI. He sent a video once where he shrunk the chart up so you couldn't see it & marked the signals on the TDI. Then he brought the chart back up, & sure enough, there were the trades.

Littlebunny,

If you'll go to compassfx.com you'll find his training videos ARCHIVE where he has gazillions by subject title. It's a great training resource.

I traded for a couple of weeks on a demo account with just the TDI indicator showing. Went back and calculated pips won to pips lost and the wins was a large percentage... that"s why I'm so strong on the TDI signals.

However NeoRio and a few others disagree... Great living in a free country!

That would be an interesting exercise. Just doing a quick flick back through my charts, I can see that trading just the TDI, no candles or anything else, should result in a profit. I might give that shot just for interests sake. I'll do it on EU only and see what happens....

Hello Traders,

I'm a new member to this forum. I'm here to learn as much as possible and see if I can turn around my ways of trading. I've blown numerous trading accounts over the years, due to my own problems. I will begin reading the thread from the beginning and wait to ask questions. This will eliminate me from asking a question that has already been answered.

I like the fact that simplicity is a major factor in this thread. I want to keep my trading as simple as possible so I'm glad this is where I'm beginning my Forex Factory journey.

Many pips to all!

Hi there,

Love your nick.....that's the secret to this business!!

I haven't been in this thread for very long, and I live trade my own system, but I have read a lot about this system, and I'm currently demoing it. The demo will last for the whole month.

This system is very good because it's very easy to use. My advice to you is to open a demo account and spend as long as it takes just practicing until you can show a decent profit. With a demo account, often they give you $50k of pretend money to play with. My opinion is that this is unrealistic, unless of course you have $50k of your own money to spend!! If you have (say) $2k to spend, then whittle down the demo ccount untill it too has $2k available.....and then trade that. That will make it more realistic for you.

Also, fwiw.....I find that many people who have 'blown numerous accounts', usually all fall into the same trap: Over leverage and/or risking too much of the account on any given trade.

Risk only 1-2% per at any one time....NO MORE than that. If you have 2 trades running, then you can only risk 1% on each. NEVER exceed this rule. The gains may not be spectacular, but neither are the losses, and the gains will add up a lot quicker than you may think.

Look after the cents, and the dollars will look after themselves!

Good luck

Yes, my username is what I'm about. I truly believe that's the only way to succeed at anything in life.

Thanks for the advice. I'm in the process of opening a demo account as we speak. I'm trying to find the latest template and indicators. There seem to be so many of them but I'm reading from the first page so I'm sure I will come across them sooner or later.

I look forward to learning some very valuable information in this forum and sharing whatever may be of help to others. I love the simplicity of this method. That's what got my attention.

Big E
Yes i have found trading the tdi on its own following the crossings red and green,50 line yellow line all agree do produce a large amount of pips great indicator.
Realjumper let us know how you get on trading with only the TDI.
Regards

Heh! I have all the respect for the TDI!--really! I just haven't found the key for *me* to learn to use it with confidence. I believe it is a combination of a CCI and maybe an RSI or SS with other elements (basically a hybrid of other existing indicators). I've seen it work for you (and others) for a long time...and I feel like I'm missing out! After about 2 or 3 months trying to trade with the TDI alongside the Stochastic, I decided it had to be one or the other...and I went with the SS.

I think the exits is a big part of the recipe for being a winner. SL placement is another aspect. If you shoot to make 20 pips a trade, and then enter each trade (where you get the cross you need from the TDI), there are too many stop outs (false entries). If you treat targets and SL'es in a more dynamic way (which I believe you do), then you can agree to exit with as little at 5 pips on certain trades, or BE...and then your winning percentage goes way up. I'm happy to have a system that works 70% of the time for a 2:1 or 3:1 (and sometimes 5:1) RRR, rather than an 80%-90% accurate system that is 1:1 or less.

Big E, if you're ever up to it, I think it would be very interesting if you opened a myfxbook account, or an mt4stats account and logged your trades, even if only your demo trades. This would be very interesting for all to follow along with the progress of your ongoing trading using your TDI method. This would also be a selling point for onlookers which would limit the need to convince people the method works for making money over the long term.

Best Regards,
NeoRio

Hi Everyone. This is a really great thread, thx to all the contributors. Here is my first demo trade using CH Stochastic method on a 1 hour chart I did this morning ...let me explain what Im seeing. All criticism is welcome.

The Stoch 8,3,3, is crossing over to the sell side. (first Blue arrow) is where I Demo'd a sell. Perhaps the angle isn't quite at the 4-6 pm as CH talks about, but its still close in my opinion.
Theres a very small Pin Bar looking bar (blue arrow) This is the PA Im looking for to get in.
As soon as I was filled prices started to move against me for a $50 loss. I have a 5K demo amount to start with.

Looking left I see strong support, but was thinking as Im trading away from that area not into it, it should be a good trade. This is a close call in hindsight.

Moving forward, Prices eventually did drop down, (red arrows) a few hours later, when I was away from my monitor at work.
I dont have access to the TDI indicator, but think that the system using the SS should be enough to be successful. I think Piptalk/NeoRio has something to say about this.

I understand what is being taught, and it really gels with my personality, but I ALWAYS seem to read the chart wrong to some extent. Im either just a tad to early, or just a tad to late. Either way, the outcome is the same, a small loss. I use good risk/reward, but am getting frustrated, as a couple of wins would be nice also. I see alot of no brainer trades posted here all the time, which makes me more compelled to succeed, as I can see them after the fact.

Im happy to post my trades here for comment before they are filled, so as to be honest with the outcomes. People can comment, follow along/ offer opinions etc, (if people are interested in helping getting this newbie thru his learning phase)

Sorry for the rambling, thx for listening.....


Cheers

SR