Craig Harris Stochastics Method | Page 179 | Forex Factory

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Craig Harris Stochastics Method

  • #3,561
  • Feb 18, 2011 4:08am Feb 18, 2011 4:08am
Quoting johnami
novice, I think that Big E has been trying to get across the simplicity of this system IF YOU FOLLOW the rules. I have been trying to get a handle on it for weeks, but when I went back through my trades, I had missed one rule or another in almost every trade that I lost on. I wrote the rules down and I use the check off before any trade, and I got back on track. Today is plus 4.7% account growth including 2 SMALL losses - one because I had to leave the computer. The point is, I am just getting to the point where I can see the light at the end of...

Please what post # can i find the rules
Thanks
  • #3,562
  • Feb 18, 2011 4:53am Feb 18, 2011 4:53am
Sorry, but this is more my style of trading....

http://i56.tinypic.com/30xfubr.jpg

And here we see the bigger picture and reason why the trade: Buyers

+15 on 2/3 and then stop to b/e

http://i55.tinypic.com/34xhn6h.jpg
  • #3,563
  • Edited 9:12am Feb 18, 2011 8:02am | Edited 9:12am
Quoting Bill
Just be careful on any trade involving the Pound as they are very edgy right now about the future of interest rates. This morning there was talk of a potential hike and the Pound shot up with no warning. Any MPC or BOE member who speaks can cause violent moves.
I pick the best days to trial the big E method - still just that one trade today - too much news
  • #3,564
  • Feb 18, 2011 9:22am Feb 18, 2011 9:22am
2nd and probably last trade of the day 6 pip loss 15 minute chart

two things wrong with the trade green not under the 50 line and entered on the 6th red candle
Attached Image (click to enlarge)
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  • #3,565
  • Edited 1:37pm Feb 18, 2011 11:09am | Edited 1:37pm
Android 38,

USD/CHF on the Daily trade still going and in profit. Looks like the last candle has slowed though. I'll wait until my broker updates today and decide then if I'll take the profit or exit. See post #3569.
  • #3,566
  • Edited 11:52am Feb 18, 2011 11:42am | Edited 11:52am
Congrats to all who are making pips and posting...

Stevepatt... When entering be aware of how close your last Hi is to your intended entry point... especially if your not in a strong uptrend.

Bill...

2scoops... Post #3564... good analysis.

Mightyzoner.... Not sure what rules your trading but trade what works for you with confidence.

Tenfx... Start reading from page 202... post #3018, 5 Method. It would help you if you read up to present from there.
  • #3,567
  • Feb 18, 2011 12:00pm Feb 18, 2011 12:00pm
2scoops...

On post 3564... candle 4 was your set up candle and closed across the yellow line... candle 5 your entry... you would have had a profit.
  • #3,568
  • Feb 18, 2011 12:17pm Feb 18, 2011 12:17pm
Quoting eelfranz
Congrats to all who are making pips and posting...

Stevepatt... When entering be aware of how close your last Hi is to your intended entry point... especially if your not in a strong uptrend
I see what you mean, I thought there would be more to the up side today after the strong push up yesterday just exited for for 30 pips. http://www.forexfactory.com/images/icons/icon7.gif
  • #3,569
  • Edited 1:29pm Feb 18, 2011 1:11pm | Edited 1:29pm
Honestly... one of the best ways to learn is by posting all charts to analyse the patterns... it's not intended to challenge your intellegence but to help you and others become a stronger trader.

Years ago I jumped Deans butt for breaking his rules for trading his Synergy System. He explained that the initial rules for a system is for new people trading that new system to insure their greatest chance for success. BUT as an experienced trader with that same system he might trade it a little differently because of his experience. That shut my mouth!

I'm a very experienced trader using my 5 method. I'm very aggressive in making my trades too.

If your new to the 5 method... stick to the rules... but realize when I post my chart it may be a little different than yours because of my experience and study. Learn from them but stick to the rules until you gain the experience and confidence to make any changes or becoming more aggressive.
  • #3,570
  • Feb 18, 2011 1:26pm Feb 18, 2011 1:26pm
Steveplatt...

I've noticed in the past that when there is a strong trade or day that the following trade or day can be a rest or pause of the previous action... I usually expect a slowing possibly... Congrats on the 30 pips...
  • #3,571
  • Feb 18, 2011 1:53pm Feb 18, 2011 1:53pm
Thanks again to Xaphod for post #3099. I had the arrows working on the tower, which loves to slow down, lock up & crash, but they wouldn't even load right on the netbook where I trade without gumming up the whole works. I re-downloaded the TDI & arrows from that post instead of the ones I tried before & now I have working arrows on both computers. Yippee.
My favorite crochet hook is size J. It's a J-Hook!
  • #3,572
  • Edited 3:34pm Feb 18, 2011 3:10pm | Edited 3:34pm
Here is a trade that was missed on the E/U Daily Chart:

Already in profit... Note* The green line on the TDI has tweeked to the right... look at the pullback on PA. Just because you take a trade on a Daily chart doesn't mean you won't check back until tomorrow... Even if it only goes say 5-20 pips... it's still profit. On my full lot trades that's $50-$200 profit.
Attached Image (click to enlarge)
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  • #3,573
  • Feb 18, 2011 3:45pm Feb 18, 2011 3:45pm
E/U Daily - Already 72 pips in profit...
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Click to Enlarge Name: 2-18a.gif Size: 16 KB
  • #3,574
  • Feb 18, 2011 3:56pm Feb 18, 2011 3:56pm
Possible trade coming on AUD/CAD Daily chart... set up candle showing... better if red line hooked up...
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  • #3,575
  • Feb 18, 2011 4:28pm Feb 18, 2011 4:28pm
Quoting 2scoops
1st chart post from me and first trade using the Big 5 method 15 minute chart (demo account)

10 pip profit

Used a 5 pip SL and kept manually raising it as the price progressed, price snapped back 6 or 7 pips and my SL was taken out with 10 pip profit.

Hi 2scoops! Could you post you ADR indicator on the left high corner of your chart, please? I think i missed it somewhere!

Thanks
Vahagn
  • #3,576
  • Feb 18, 2011 5:43pm Feb 18, 2011 5:43pm
Here are my trade for yesterday.

USDCHF Daily still running with 80pips profit.
EURUSD M15 15pips profit actually can get more pips but i put my TP at 15pips.
EURGBP M15 3pips profit because i put trailing stop.

http://i828.photobucket.com/albums/z...nmi/usdchf.jpg
http://i828.photobucket.com/albums/z...nmi/eurusd.jpg
  • #3,577
  • Feb 18, 2011 9:17pm Feb 18, 2011 9:17pm
Big E
I am new to the thread but I want to congratulate you on having the "patience of Job" and for hosting a fine thread.
What kind of blood pressure medicine do you take? Must be extremely powerful.
Your system is excellent. As I told you in a pm earlier this week it really filled some gaps for my trading.
Since this is my first post here let me ramble on for a minute.
People get real. No system is perfect. You have to learn to apply it. I know it will work because I have been profitable with a system very similar but without as good of entry & exit.
My being of similar age of Big E, I can assure this thread of one thing...If we insist on repeating the same questions, Big E could easily say enough is enough.
Stay the course Big E. Thanks again
gmcc
  • #3,578
  • Edited 11:43pm Feb 18, 2011 11:42pm | Edited 11:43pm
Hey, it is the week end, looking for something to do?

Here are 2 threads that I have found most u$eful, if you know what I mean.

They are both trend following, using low risk, price action entries so they work well with what is being preached on here. You may find something that works for you.



Urban Towers Scalping Strategy

5-min PASS (Price Action Scalper System)
Canadian by birth Australian by choice
  • #3,579
  • Feb 19, 2011 3:30am Feb 19, 2011 3:30am
Quoting eelfranz
Here is a trade that was missed on the E/U Daily Chart:

Already in profit... Note* The green line on the TDI has tweeked to the right... look at the pullback on PA. Just because you take a trade on a Daily chart doesn't mean you won't check back until tomorrow... Even if it only goes say 5-20 pips... it's still profit. On my full lot trades that's $50-$200 profit.
I did see this set up but didn't take it because the Red line was in such a strong downtrend.
I've attached the EU chart and a chart of a losing trade I took on the EJ from the 15th Feb. The EJ trade showed the Red line pointing up, going against the direction of the trade, it was this that kept me out of the EU trade.
If you had seen the EJ trade at the time would you have considered it as a trade or is there something that would have kept you out of this trade?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trade For 14th Feb 11 (3).jpg Size: 113 KB
Click to Enlarge Name: EU Trade Example.jpg Size: 98 KB
  • #3,580
  • Feb 19, 2011 8:09am Feb 19, 2011 8:09am
Question for Big E - are you still trading the 21 233 method?
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