Craig Harris Stochastics Method

Hi Big E,

Really like the 5 method. Took a couple of trades. Got stopped out of 2 with spikes in PA after I brought the stop to B/E but hoping to have more successful ones in the future. Got to start posting charts.
What timeframe do you find the best for the method? I'm currently trading the 15 min. In your opinion is the 5 min timeframe likely to give you more fake out moves?
Also if you miss the move on the first 3 candles, do you have any signal to help you get in on a pause or pull back?

Thanks,
Galldg

Set up a Sell Limit at 83.270 on UJ, taking gmcc advice and going for a pull back to the 5ema, set a 75 pip SL and 150 TP.

Still in this trade trying to squeeze the last dime out of it... currently $517 profit...

I want you all to try an experiment and Demo Trade a Daily chart using the same rules... it's not as scary as you might think. Go for the larger profits... you can't lose anything on Demo. Study daily charts and look at their original set up and entry candles... look at the TDI and see how much profit you would have made... beats trading the lower time frames with those small profits, head fakes, etc...This method works on all time frames... just give it a try... now pick a pair and make a trade...

Big E you promised "Not" to post a chart of my last trade.
gmcc

Galldg,

Your Question:
What time frame do you find the best for the method? I'm currently trading the 15 min. In your opinion is the 5 min time frame likely to give you more fake out moves?
Also if you miss the move on the first 3 candles, do you have any signal to help you get in on a pause or pull back?

Thanks,
Galldg

All time frames work equally well... however the lower time frames move faster.The lower the time frame the more fake outs you'll get too... that's one of the reasons why I encourage people to trade longer time frames. I prefer 1 &4 hour as well as the daily. The higher you go the less news has a big impact too... ex. 4hr and daily.

If a trend pulls back and then continues I like to enter on the second candle after consulting the TDI. That's the way I personally trade it. See post #3603 above.

gmcc,

So you've had a couple of those too . When it happens to me I think... alright where did I screw up this time and I tear the trade apart looking for answers so I don't repeat it again...

OK... how many of you would like it if we pick pairs that are ready for trades and you discuss it in progress? Yes, no, maybe... let me know... you would learn how to make more money on the higher time frames... well? What do you want to learn and prosper from ?

I am ready!!!! Great idea.

Any way to create a list of interested participants and then do an email alert so that notices of trades come more rapidly than the notifications that come from FF???

Or a Skype group?

How about the USD-JPY daily, will it roll over enough or bounce before it follows the Craig Harris Natural Flow of the markets? Actually, that is a nice reversal formation there with lower high on both sides of the peak!

We're ready, Big E!

Here's an old file I just reviewed that may help some others when placing stops.

It's got a sales pitch at the end; I'm not promoting or endorsing that.

Big E ! I am in for it too! your system is so simple, I try it on EU one hour since last two weeks. works great. my only problem is when the all the rules line up, but I am not in front of my chart. then miss it.... so daily chart will not miss that , I guess..... thanks again for share 5 method system.

one of short that I took

Michael.

Thanks for posting your chart...

What I see:

TDI green is angled to 3pm... its flat... normally an exit signal

Stochs is below 20 and will be turning up too... exit signal.

85% exit trades... 15% stay in... you pick your odds...

Thanks buddy.

This is strictly a learning chart...

Note what happens on PA when there is a small line tweek on the TDI. (Green Line)
Learn to read it's signals and always look at the lines closely... I recommend making the red and green lines on the TDI a double thickness...Even with a small tweek you will know the PA is going to pause, take a rest, consolidate... what ever you want to call it. Click the chart 2 times for max. enlargement. This chart is setting up for a trade in a day or two.

Snowman,

I'm in that trade too/Daily and right now I'm down $114.I believe it will continue down... TDI just slightly tweeked. Not sure which method your using from looking at your chart...

Big E, that sounds like a great idea. I am still working on the discipline and correct execution of your 5 method on the 15min and dont yet have the confidence to apply it on the higher time frames.

Thanks for all