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Craig Harris Stochastics Method

  • #3,421
  • Feb 11, 2011 11:12pm Feb 11, 2011 11:12pm
Quoting FX-Trader
Numbers what tick size are you using? I could not make it out from the image... 144? 610? 144t on EURUSD is very similar to a 5m and 610t is very similar to the 15m. Tick charts are nice if you want time compression b/c the false lulls of the market are then weeded out.

How do you use Tick charts on MT4? Can you share the code? I only have been using tick charts on Tradestation.
I had it set to 266tic but I think it should be higher.

To set up tic on mt4

http://www.forexfactory.com/showthre...highlight=tick

Thanks FX-trader I will try those settings.
Could it be Man is trying to be something without knowing they're complete?
  • #3,422
  • Feb 12, 2011 1:36am Feb 12, 2011 1:36am
so for 5m timeframe sl for "5" method is 5pips, but what about higher timeframes? is sl the same 5 pips for 1h?
  • #3,423
  • Feb 12, 2011 4:41am Feb 12, 2011 4:41am
I "think" Big E mentioned on H1 he uses low/high of previous candle for stop level.
  • #3,424
  • Feb 12, 2011 4:45am Feb 12, 2011 4:45am
Hi Eric and everybody

I have not been here for a long time.

Thanks Eric for PM's and as for myself I prefer

4 hour trading but this looks good and will give it a

try

Plenty pips to all

John from Durban
  • #3,425
  • Feb 12, 2011 7:33am Feb 12, 2011 7:33am
Here is an example of what big E was talking about with the TDI nuances. Also note the successful trade was coming out of divergence after the double bottom where as the failed trade was actually a 123 continuation short entry with the downtrend.
Short 7 min vid.

http://www.compassfx.com/video/flash/31110/31110.html

Side note:
Also notice the first trade was into an upper down trendline where as the 2nd trade after div. was after that trendline had been broken to the up side.
  • #3,426
  • Feb 12, 2011 8:42am Feb 12, 2011 8:42am
I have been watching this thread for several weeks. I am a professional trader and make my living doing this. I do not teach and I do not sell things. The reason I watch this is because Craig Harris woke me to one simple fact. Do not try to find a "Holy Grail" or some secret method that will produce mega pips daily. All you need to do to make a lot of money is NET 20 pips a day. 40 pips will make you insanely wealthy. Everything else is fluff and BS. Eric, who started this thread has given you the key to unlock the door. If you traded just the first candle after the setup and made 10 pips net and did that on two trades a day you could forget all the other stuff in 230 plus pages of this thread. He gets 20+ on one trade. 2 trades = 40 pips. 20 pips a day = a 2% gain daily on your account. Quit trying to get rich quick. Your banks don't pay that kind of interest in a year! 40 pips a day is unreal in results. For your enjoyment I have attached a spreadsheet to this dialog for you to compute and verify what I am saying. Remember 2 vitally important things. Work the price action and don't get greedy. Sorry about the upload spreadsheet but the file is too large for this forum. I'll see if I can get you a link. Just figure 10% a week compounded on your Business Analyst calculator. If you can't get 20 pips a day with all that Eric and Xaphod have shown you in this thread then you need to consider a new hobby while searching for a way to make money. These guys have given you the keys to the bank. Quit trying to reinvent the wheel. Good luck and God Bless.
  • #3,427
  • Feb 12, 2011 8:51am Feb 12, 2011 8:51am
Forgot one important thing. Stay away from robots, EA's, con artists and former firemen selling $5000 training courses and ANYTHING that comes in your E-Mail for $97 from some college student in Diego Garcia. You've got EVERYTHING you need right here for free. Done preaching, going to the beach and wait for the London open.
  • #3,428
  • Edited Feb 13, 2011 9:59am Feb 12, 2011 1:18pm | Edited Feb 13, 2011 9:59am
Quoting Bill
[b]I have been watching this thread for several weeks....
Craig Harris learned from Chris lori. www.protradersclub.com , www.chrislori.com, And Chris continually preaches to be
an independant thinker. Also, the only holy grail is your money management. I'd go one step further and say trade management.
  • #3,429
  • Feb 12, 2011 1:27pm Feb 12, 2011 1:27pm
Quoting Mightyzoner
Here is an example of what big E was talking about with the TDI nuances. Also note the successful trade was coming out of divergence after the double bottom where as the failed trade was actually a 123 continuation short entry with the downtrend.
Short 7 min vid.

http://www.compassfx.com/video/flash/31110/31110.html

Side note:
Also notice the first trade was into an upper down trendline where as the 2nd trade after div. was after that trendline had been broken to the up side.
Thanks for sharing this.

Good example of following market baseline. Also, timing for good entries.

Quoting Mightyzoner
Also, the only holy grail is your money management. I'd go one step further and say trade management.
Spot on!
Could it be Man is trying to be something without knowing they're complete?
  • #3,430
  • Edited 5:31pm Feb 12, 2011 5:06pm | Edited 5:31pm
FX-Trader...

Basically since post 3018 we have talked about the 5 method which has the rules and many charts have been posted showing what to look for to insure positive trades.

Several of the members have taken parts from the 4-5 methods we have started since the beginning and included them into a new method now.

You Asked:

Big E, forgive me for asking I am getting a little confused with all the different methods being discussed... thus the reason I was blending them. Is the 5 method the 5 SMA H/L method or is that just reserved for the Synergy.

Would it be possible to recap the different methods being discussed, if your up to it?

There is too much information to do a quick re-cap... sorry. All the info is in this thread.

Now I just trade the 5 method with the rules being in post 3018 to present... Study the posted charts.
  • #3,431
  • Feb 12, 2011 5:46pm Feb 12, 2011 5:46pm
Bill... thank you for your vote of confidence.

It just doesn't get any easier than the 5 method. It's almost a no brainer I think. Like I said previously... when I trade it I feel like I'm going to the bank with a wheel barrow to make a withdrawl. I just don't know how much they are going to give me until I hit the charts.

I apologize to those having difficulty with this method. Certainly I've explained it from every angle plus posted gazillions of chart examples.

In my years of trading I have never found anything simpler... honestly.

Don't give up... keep studying the charts and trade on Demo until you build up your confidence. You won't be sorry you invested your time when it all clicks in your mind.

How can I help you?

Big E
  • #3,432
  • Feb 12, 2011 7:13pm Feb 12, 2011 7:13pm
jmcl...

I use the 5 method on the 4 hour charts too. See the example charts.
  • #3,433
  • Feb 13, 2011 12:18am Feb 13, 2011 12:18am
Thanks Bill for your wise words! Sometimes I need this reminder eg. always I get greedy I get slapped.

Happy trading to all
  • #3,434
  • Feb 13, 2011 12:47pm Feb 13, 2011 12:47pm
Yes sir. One of my favorite sayings is "Rob Booker says you only need 10." He has a spreadsheet showing how to build up your account with only 10 pips a day.
My favorite crochet hook is size J. It's a J-Hook!
  • #3,435
  • Feb 13, 2011 1:07pm Feb 13, 2011 1:07pm
Hey E

thanks for the heads up on your 5 method ,i really like what you have shown, its such a pity that all the chart examples have been posted after the event?

ps.I do know you are not acting as asignal service.

Thanks
  • #3,436
  • Feb 13, 2011 2:07pm Feb 13, 2011 2:07pm
FOURX,

Several pages back I explained why my posted charts are after the event. You can see the simplicity I hope... I don't need any razzle dazzle... smokin' mirrors...
  • #3,437
  • Feb 13, 2011 7:07pm Feb 13, 2011 7:07pm
Eric

If the method is so accurate/easy to make pips , why would the odd loser while you are posting make any difference,surely everytime you post as you enter its not going to pullback, if thats your thought then you have no confidence in the method?

thanks
  • #3,438
  • Feb 13, 2011 7:08pm Feb 13, 2011 7:08pm
Totally new to this method, (5's) but it appears there were a few good trades just after the market open today.

AU buy:

http://i55.tinypic.com/o7oal3.jpg

GU buy:

http://i51.tinypic.com/2yycjf7.jpg

Eu buy was marginal with the green cross of 50 but the sell would have been ok, just after market open.

http://i56.tinypic.com/8vp7kl.jpg

Looks right, any comments?

I know, is no right or wrong, only profitable or......
  • #3,439
  • Feb 13, 2011 8:36pm Feb 13, 2011 8:36pm
Mightyzoner,

Can you pls share the indicator to show buy/sell...TDI arrow strong indicator that you used in your chart above?
  • #3,440
  • Feb 13, 2011 8:51pm Feb 13, 2011 8:51pm
Quoting Android38
Mightyzoner,

Can you pls share the indicator to show buy/sell...TDI arrow strong indicator that you used in your chart above?
1. Look to the top right of this page

2. See the "paperclip" with a number, currently 823 ?

3. Click it, page opens

4. Click top left where it says "Hide Images"

5. All other attachments are shown

6. Scroll down if you don't see the "TDI with Alerts"

7. Click and download (sure that is what you need)
Canadian by birth Australian by choice
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