Craig Harris Stochastics Method | Page 168 | Forex Factory

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Craig Harris Stochastics Method

  • #3,341
  • Feb 9, 2011 1:12am Feb 9, 2011 1:12am
Quoting bshcom
hi rj
look at this ,there are a lot of indicators for fxcm trade station here
http://fxcodebase.com/code/viewforum.php?f=17
Hi there, you're right, FXCM's Marketscope has many more indicators (including TDI), than I realised, or even knew about. Thank you

I got a PM from FXCM pointing this out to me as well. This is great news to me, and it's my bad for not investigating Marketscope properly....or in fact, at all.

So thanks again for pointing that out, and thanks to FXCM for keeping up with the play.....I will endeavour to keep up with FXCM myself
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,342
  • Feb 9, 2011 1:15am Feb 9, 2011 1:15am
Quoting realjumper
Hi Vanaris,

The live system I use was developed by a long standing poster here at ff who's nick is 'acumen'. Because he now markets his system and sells it online, it wouldn't be fair to him if I were to give it to others.

If you want to know more, send me a PM and I'll get back to you.

Hi RJ! Thanks for the response! I did send you a PM...thanks
  • #3,343
  • Feb 9, 2011 1:16am Feb 9, 2011 1:16am
Quoting eelfranz
Hey Gang... I traded on the 15 minute chart today... using only the TDI indicator with SS and PA hidden. I depended on red/green crosses, hooking over lines, etc. Just how I initially learned and studied the TDI for many years....
Very impressive Big E.....great trades, well done

I have been busy all day fixing laptops (grrrr, I hate that!), so I haven't taken any trades today. Never mind, now is the time to have a catch up of todays action and see what opportunities present themselves!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,344
  • Feb 9, 2011 1:22am Feb 9, 2011 1:22am
Quoting Vanaris
Hi RJ! Thanks for the response! I did send you a PM...thanks
Hi,

Message is on it's way to you

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,345
  • Feb 9, 2011 2:17am Feb 9, 2011 2:17am
Do you still use a mental stop loss of 5 on the 5 & 15 minute charts or are you prepared to let it come back more than that of the indicators/candles are still looking good?

Quoting eelfranz
2scoops,

Usually I don't use a S/L on 5 & 15 and 1 hour charts if I'm actually monitoring the trade in progress. On the 4 hour chart I'll often use the hi or low of the previous candle. These are general rules for me and my style.

Each trade is different so those rules can be manipulared to fit what's happening on PA.

[font=Comic Sans MS][size=3][color=#0000ff]As...
  • #3,346
  • Feb 9, 2011 2:28am Feb 9, 2011 2:28am
Hi Everyone, just a trade id like some feedback on.
I went short (all demo) of course when the 8,3,3 stoch was pointing down between the 4-6pm on the clock.
I noticed the small pin bar type PA so thought id take a short position. Well its now just been stopped out for a 27 pip X 3 lots loss. ($120) approx.

Any feedback would be greatly appreciated.

Cheers

SR
Attached Image (click to enlarge)
Click to Enlarge Name: EUR%2FCHF--60 Minute.jpg Size: 119 KB
  • #3,347
  • Feb 9, 2011 2:53am Feb 9, 2011 2:53am
Quoting Sjr
Hi Everyone, just a trade id like some feedback on.
I went short (all demo) of course when the 8,3,3 stoch was pointing down between the 4-6pm on the clock.
I noticed the small pin bar type PA so thought id take a short position. Well its now just been stopped out for a 27 pip X 3 lots loss. ($120) approx.

Any feedback would be greatly appreciated.

Cheers

SR
Hmmm...that's a trade I would never have taken. You can clearly see that the trend on this H1 chart is UP. Your attempted short trade was a counter-trend trade. It's like swimming against the flow of the river. You would have heard the saying that 'the trend is your friend'......your trade proves the point. Always trade with the trend if at all possible. If there is no trend, then you might wish to consider either waiting until a trend forms, trading another pair, or keeping your money in your pocket. Preserving capital is also a market 'position' just as sure as a long position and a short position are also....well...positions!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,348
  • Feb 9, 2011 4:07am Feb 9, 2011 4:07am
Hi all, New to the thread, keep up the good work. It's a great resource.

Cheers,

D
  • #3,349
  • Feb 9, 2011 9:37am Feb 9, 2011 9:37am
Quoting eelfranz
Hey Gang... I traded on the 15 minute chart today... using only the TDI indicator with SS and PA hidden. I depended on red/green crosses, hooking over lines, etc. Just how I initially learned and studied the TDI for many years.


I don't know why some have so much difficulty with it. This is the straight scoop. I didn't count the pip total but it was a bunch.

[font=Comic Sans MS][size=3][color=#0000ff]Some trades were...
Good post BigE - What I get from your chart is that by using your experience you can see just by looking at TDI that the market is swinging nicely and there will be opportunities to look for trades. You also know its the right time of day to trade and you may also be avoiding trades during news. I'm sure if you started to see those lines flatten and bunch together you'd know to stay well clear.

TDI + experience is a good combination.
  • #3,350
  • Feb 9, 2011 10:42am Feb 9, 2011 10:42am
Hey, just wanted some feedback from a few trades from yesterday. I have only pointed out a few losing trades, but my question is, how to avoid these little niggles?, seems to happen alot on lower time frames, maybe im missing something, a few losers shown by the arrows

http://oi56.tinypic.com/fna4co.jpg
  • #3,351
  • Feb 9, 2011 11:47am Feb 9, 2011 11:47am
Trade # 1 was against the TDI and the general trend was down. Trade #2 does not appear to be a valid entry by the rules. I don't like trading the lower timeframes because of the whipsaw effect. You can actually have an indicator entry signal that will be changed by the next candle. It looks like you traded against the TDI which was heading down. I am sure some with more experience on lower timeframes can add something. Hang in there, "Rome wasn't built in a day".
  • #3,352
  • Feb 9, 2011 1:26pm Feb 9, 2011 1:26pm
Quoting chewz
Hey, just wanted some feedback from a few trades from yesterday. I have only pointed out a few losing trades, but my question is, how to avoid these little niggles?, seems to happen a lot on lower time frames, maybe im missing something, a few losers shown by the arrows
1. Only go long when both red & green lines are ABOVE the yellow; opposite for short (scroll back in your chart to check if this is true)

2. Use trend lines

3. Remove the Stochastic (doesn't seem to have any relationship to entries shown)
Canadian by birth Australian by choice
  • #3,353
  • Feb 9, 2011 3:14pm Feb 9, 2011 3:14pm
Hello,
I have read through the fourm but had a question. I was confused if you are suppose to take the trade when the green crosses the red and yellow or are you suppose to take the trade when the red crosses the green yellow and 50 line? I have seen it done both ways. Is just one conservative and one more aggressive? Any help would be great.
Thanks,
Arbitrage
  • #3,354
  • Feb 9, 2011 4:01pm Feb 9, 2011 4:01pm
Using the "5 method" on the 5 or 15 minute time frame, my understanding is that there is no other moving average used? I think I remember BigE saying that he uses the 233 only with the 21/233 method. My question is, what would be a good moving avg to keep on track when trading the 5 on the 5m and 15m time frames? Any feedback appreciated!
Read the entire thread BEFORE you ask questions!
  • #3,355
  • Feb 9, 2011 5:07pm Feb 9, 2011 5:07pm
I'm not sure I understand what you are asking?
If you are asking about helping you follow trend you could just use add a 50ema and only trade in its direction when it is at a good angle up/down. Just be aware of you support and resistance zones.

Hope that helps. If not then rephrase you question please.

Happy trades!

Quoting johnami
My question is, what would be a good moving avg to keep on track when trading the 5 on the 5m and 15m time frames? Any feedback appreciated!
Could it be Man is trying to be something without knowing they're complete?
  • #3,356
  • Edited 5:55pm Feb 9, 2011 5:08pm | Edited 5:55pm
2scoops...

How can I explain this so it makes understanding it easier....

Remember first that this is not a rule or cast in concrete... it's my personal understanding of the market...

On the 5,15 & 60 minute charts when I 1st enter the trade if it drops back 5-6 pips... I figure I didn't judge my entry too well so I exit the trade so as to not take a bigger loss.... my timing was off. I'd rather take a moment to check out PA,TDI & stochs again and then re-enter when I feel it's the right timing... that's all.

I use to use a SL and let it draw back 15-25 pips hoping it would turn back to my expected direction. Some times it did and other times it didn't.

When it stopped me out I'd be pissed off. I wondered how in the world could I lose less money. Then I tried bailing out at 5-6 pip loss and re-enter again. I tried this method and found it saved me money doing it. (Hairbrain idea)

Once I started trading full lots a 15 pip loss was $150 loss. Too much for my blood.

I've had 3-4 times I made a picture of a chart showing the actual entry line, came to this thread... wrote about it and put the chart here and then went back to the chart and in that short amount of time... and it's dropped back 10 to 15 pips costing me $120 - $150 in profit. No more! Now I close the trade first, take the picture and show you where I entered and exited and post it.

Just trying to keep more of my pips earned.

Does everyone understand now?

Don't trade during news releases... it can kill you.
  • #3,357
  • Feb 9, 2011 5:12pm Feb 9, 2011 5:12pm
Thanks, that is pretty much what I was trying to say (got the flu and that makes my brain even slower than usual). I think the 50 or 60 is about right. Thanks again.

Quoting Numb3rs
I'm not sure I understand what you are asking?
If you are asking about helping you follow trend you could just use add a 50ema and only trade in its direction when it is at a good angle up/down. Just be aware of you support and resistance zones.

Hope that helps. If not then rephrase you question please.

Happy trades!
Read the entire thread BEFORE you ask questions!
  • #3,358
  • Edited 5:58pm Feb 9, 2011 5:14pm | Edited 5:58pm
When posting your charts... please indicate which method your using... like CH, 5 method, 21/233 method, Synergy or? Each has diffferent rules... thanks
  • #3,359
  • Feb 9, 2011 5:18pm Feb 9, 2011 5:18pm
Glad I could help!

Don't trade sick! Studies have shown that we are better at making disitions when we are happy and in good spirits!

Quoting johnami
Thanks, that is pretty much what I was trying to say (got the flu and that makes my brain even slower than usual). I think the 50 or 60 is about right. Thanks again.
Could it be Man is trying to be something without knowing they're complete?
  • #3,360
  • Feb 9, 2011 5:31pm Feb 9, 2011 5:31pm
Thanks Big E

My bad I didn't realize what method Chews was using. deleted that post.

Quoting eelfranz
When posting your charts... please indicate which method your using... like CH, 5 method, 21/233 method or? Each has diffferent rules... thanks
Could it be Man is trying to be something without knowing they're complete?
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