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Craig Harris Stochastics Method

  • #3,481
  • Feb 14, 2011 11:19pm Feb 14, 2011 11:19pm
[quote=realjumper;

Edit 3: This would have been a good trade so far....I just can't watch the PA at the moment because I'm busy. Have to revisit this trade after the Frankie hour [/quote]

This has been my problem lately I haven't had the time to watch the charts because of work commitments.
I've found following daily charts can work well and I beleive Big E mentioned in an earlier post he only looks at the TF he's trading from and doesn't look at lower TFs for comfirmation.
Euro has been rising over night but starting to fall now as I write I'm still short on EU also. http://www.forexfactory.com/images/icons/icon7.gif
  • #3,482
  • Feb 14, 2011 11:26pm Feb 14, 2011 11:26pm
Setup and Entry here... Am I right?

Can somebody tell me, please which TDI indicator we are using in 5 method?
Here, on the chart I have two which are a bit different from each other. Above is the one from CompassFX, which came withe Synergy system. The other one I did download here, on this thread, the one which was set up to show only the Green and the Yellow lines.

Thanks

Vahagn
Attached Image (click to enlarge)
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  • #3,483
  • Feb 14, 2011 11:29pm Feb 14, 2011 11:29pm
Quoting stevepatt
This has been my problem lately I haven't had the time to watch the charts because of work commitments.
I've found following daily charts can work well and I beleive Big E mentioned in an earlier post he only looks at the TF he's trading from and doesn't look at lower TFs for comfirmation.
Euro has been rising over night but starting to fall now as I write I'm still short on EU also. http://www.forexfactory.com/images/icons/icon7.gif
I'm sure you're right.....the shorter the time frame,the closer it has to be watched. There's no other way! Once Frankie hour is over and London opens I'll take another look and see if there is anything tempting me or not!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,484
  • Feb 14, 2011 11:33pm Feb 14, 2011 11:33pm
Quoting Vanaris
Setup and Entry here... Am I right?

Can somebody tell me, please which TDI indicator we are using in 5 method?
Here, on the chart I have two which are a bit different from each other. Above is the one from CompassFX, which came withe Synergy system. The other one I did download here, on this thread, the one which was set up to show only the Green and the Yellow lines.

Thanks

Vahagn
Someone with more experience with this system will be better positioned to critique your chart, but to me it looks fine.....the only thing is that this is the Frankie hour, and I never enter trades during the Frankie hour because you just can't tell what's going to happen next!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,485
  • Feb 15, 2011 1:05am Feb 15, 2011 1:05am
Quoting stevepatt
Just entered this trade using daily charts on EJ. Set SL at 75 pips and TP at 150 pips. TDI and Stochs in agreement.
Steve,

I'll be very interested to see how your daily trading goes, as I too have issues with work commitments. I'm off this Friday so the first real day for me trading the Big E method. I hope to post some charts for the first time.
  • #3,486
  • Feb 15, 2011 1:33am Feb 15, 2011 1:33am
This is a great method. One thing that has really helped me is to monitor the direction of the red line on hrly TDI. I only take the trades that are in the same direction. It means I don't get in on some of the moves, but I ride the bigger wave for more pips.

Thanks to Big E for helping me turn the corner on my trading!
  • #3,487
  • Feb 15, 2011 1:36am Feb 15, 2011 1:36am
Quoting realjumper
Someone with more experience with this system will be better positioned to critique your chart, but to me it looks fine.....the only thing is that this is the Frankie hour, and I never enter trades during the Frankie hour because you just can't tell what's going to happen next!

Thanks for your advice RJ! That trade was a -20 pips loser! Whould you enter in the trade before London session? Or strictly after?
  • #3,488
  • Feb 15, 2011 1:43am Feb 15, 2011 1:43am
Quoting Vanaris
Thanks for your advice RJ! That trade was a -20 pips loser! Whould you enter in the trade before London session? Or strictly after?
I don't mind entering during the Asian session, but the hour before London opens, Frankfurt opens....hence, the Frankie hour. During this time, there can be spikes all over the place that seem to have no rationale at all. I stay out during this hour, and wait for London to sort itself out.....usually half an hour afer London opens.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,489
  • Edited 1:50am Feb 15, 2011 1:49am | Edited 1:50am
Red line hrly starting to point down. price crossing 5ma now. waiting for a close and then a break of the close to enter short. EU
  • #3,490
  • Feb 15, 2011 2:11am Feb 15, 2011 2:11am
Should have waited for hrly TDI to cross below the 50 line before entering short
  • #3,491
  • Feb 15, 2011 2:44am Feb 15, 2011 2:44am
Walsanshu
I hope you waited for the 10 am (GMT) news to appear and PA to settle.

Fredff
  • #3,492
  • Feb 15, 2011 3:00am Feb 15, 2011 3:00am
Still watching and learning the indy's, combined with normal price action. Hard to get use to the APB's. Weird.

Anyway, I entered this long trade 5 pips before it closed, out with +7 on 1/3 then closed rest of trade at -1/2 pip after seeing +15.

Took the short on close of open of 2nd red bar, TDI was not yet in a sell position(below 50).

may get stopped for -1 on that one but saw +6 or so.

http://i54.tinypic.com/25ouipk.jpg
  • #3,493
  • Feb 15, 2011 3:41am Feb 15, 2011 3:41am
I trade the 15min TF and have just recently begun to really focus on the red line for agreement (in same direction) before taking an entry. As you say, it keeps you out of some winners but it can really keep you out of trouble too.

Great to see its validity on other timeframes!
  • #3,494
  • Feb 15, 2011 6:16am Feb 15, 2011 6:16am
Quoting Vanaris
Can somebody tell me, please which TDI indicator we are using in 5 method?
Here, on the chart I have two which are a bit different from each other. Above is the one from CompassFX, which came withe Synergy system. The other one I did download here, on this thread, the one which was set up to show only the Green and the Yellow lines.
I think Big E bases his templates of the synergy templates. The 5 method uses whichever indicator Big E uses. He has posted multiple templates and info on how to make your own.

There are various TDI indicators posted here. I'm not familiar with "the one which was set up to show only the Green and the Yellow lines". The TDI indicator has various parameters that can be changed.
  • #3,495
  • Feb 15, 2011 7:31am Feb 15, 2011 7:31am
eelfranz are you also on 1h moving sl to break even after 10 pips in profit?
  • #3,496
  • Feb 15, 2011 8:05am Feb 15, 2011 8:05am
Big E, I was checking your charts with mine....you don't use CompassFX Synergy Basic TDA are you? I found in the post you posted Synergy Basic TDI indicator, but it is different of yours!

Vahagn
  • #3,497
  • Feb 15, 2011 8:16am Feb 15, 2011 8:16am
Did someone take this trade on GBPUSD 4H chart? Please any feedback welcome! Thanks
And by the way, look how different my two TDI indicators are! More difference we can see near 32, 68 lines.

Big E your TDI I think looks more like the one I have right after APB window!?
Attached Image (click to enlarge)
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  • #3,498
  • Edited 9:58am Feb 15, 2011 8:55am | Edited 9:58am
Stopped out on the EJ, EU still running.
I see where I went wrong with this trade at entry the Red TDI line was pointing up and for a short trade should have been pointing down.
Attached Image (click to enlarge)
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  • #3,499
  • Edited 5:07pm Feb 15, 2011 9:02am | Edited 5:07pm
Hey gang... He's back...

Took a couple days off to to pay attention to my wife with lots of red roses, choclates and out to several nice dinners while I can still walk a little.

Walking seems like something so simple but as you lose the ability to do it... it takes on a different importance...

After reading the posts over the last 5 pages I feel like the guy on the ship that wrote the Star Spangled Banner watching the golden flares, cannon fire, etc. fly over head... got my blood pumped up in a good way... thanks everyone... and thanks for posting so many charts... now on to questions...
  • #3,500
  • Edited 11:27am Feb 15, 2011 9:29am | Edited 11:27am
galldg,

Your Question:

1. When you get the setup candle and you're happy with all you're indicators, do you pick a price to get in at or do you go in at market on the open of the next candle (same colour)? You mentioned timing your entries, i'm just curious how do you time your entries if you are just prepared to give it 5 pips risk initially?

2. Without over simplyfying things, is your exit strategy a 5 pip trailing stop? It's just that i noticed on many of the winning trades there was often a 5 pip pull back in the candle even though the price continued on trending.

1. At the opening of the second candle I enter a market order. Ya... sometimes it comes back on you but not too often... look at old charts to see what I mean... usually 3-8 candles per reversal...

2. No but you could. I'd probably get out at 5 pips hoping not to lose more....then re-enter would be my first choice. I generally trade the 1 & 4 hour charts so when a candle pulls back it's usually 15 pips or more you give back... sometimes 30.

This is not a rule however... depending what I'm seeing on PA, TDI, Stochs, line angles... and if they all look strong I will enter on the second candle and as long as PA doesent close below the yellow line, I'll stay the trade until it's yelling "get out"... therefore ignoring the 5 pip pullback rule. Depends on how much brass you have... how much your willing to bet on that trade.
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