Craig Harris Stochastics Method

Something I need to clear up...

When I'm trading the HIGHER TIME FRAMES I do not exit if it draws back 10 pips. I only use that rule for charts 5 min.-15 minutes.

Even on higher timeframes I don't use a S/L when in front of the computer. If I'm going to bed I'm almost always in profit so I'll place the S/L at B/E + my spread...

OK Gang...

I'll start posting charts where a set up is coming soon and ones that it's here now and we will see how it works out. Best if you have a FXDD Demo account... using the 5 method template. Please... if you want me to comment on your posts... so we see the same things...

Thanks Big E !!
Looking forward to it.

Cheers

SR

Big E
I think that is an excellent suggestion and offer by you. I am up for it.

Fred

I would be very interested in doing this on the daily TF.

Found a few posts I missed... sorry.

Android 38 - I glance at the yellow line for angle mostly. As an agressive trader I often enter early. Safest is (long Ex.) green over red, over yellow and over the 50 line... I'm sorry but I don't get involved with others money or their money management.

Snarlyjack - If I'm not completely sure what the TDI shows me I'll take a quick peek at stochs.

2scoops -

I'm in. Will be interesting, my live account is fxdd, so we're good.

I like those guys actually.

THAT woild be GREAT!!!

I took this:

USD/CAD
Short
6:23 AM PST

Don't expect much today, with the US mkts closed.

Dan,

Just looked at the current chart 2 hours later and it pretty much looks the same. Set up on the chart is correct and the trend is down... I wish your red line was turning or headed down... it would be much stronger. Let us know how it ends.

Here are two trades I'm in... both are down but I think they will be in profit soon... sometimes you have to be patient and stay the trade.

eelfranz,

Just a quick question.

Have you found the ema 5 shift 3 to be more accurate than
Dean Malone's channels of sma 5 hi and 5 lo?

Have you thought of combining them or are they totality different
entry/exit points?

Just a question on which you feel is better the ema or the channel?

Tks

snarlyjack

Since you'll be trading Demo on the new charts... there is no stress or worry about losing real money... instead of just putting your one toe into the water and cringing... you'll be able to step into the trade guilt free... Demo trade...

Most newer traders would be panicking if they were in the red like the two charts above... why? Lack of experience mostly. Who ever told you that you would never have a loss lied to you. I have them here and there because we can't control the market... but when I do I tear the trade apart with a magnifying glass to determine why it didn't work. Please do the same.

Sometimes you'll lose a trade for no apparent reason other than the market went haywire... remember the market is always right... wonder who said that... not fair...

Many brokers are happy because the market drew back a little... took out the S/L's for there beer money fund and now continue as normal.

Have you found the ema 5 shift 3 to be more accurate than
Dean Malone's channels of sma 5 hi and 5 lo?

I looked at that the other night & seemed that waiting for the candles to come out of Dean's channel gets you in much later, sometimes too late. I guess in a nice long run it wouldn't matter that much, but I've never had that luxury before. Because of my prior job schedule I've had to rely on super-scalping.

Big E, from this answer it seems as though the TDI gets most of your attention - to me it seems like the stoch is helpful a limited amount of the time. Can you expand on the stoch's importance?

Thanks

[quote=eelfranz;4415040]Found a few posts I missed... sorry.


Snarlyjack - If I'm not completely sure what the TDI shows me I'll take a quick peek at stochs.

Snarly - J...

Thanks for stopping by buddy...

Your Question:

Have you found the ema 5 shift 3 to be more accurate than
Dean Malone's channels of sma 5 hi and 5 lo?

More accurate? PA is PA regardless of the strategy. They are 2 totally different methods with different rules.

Have you thought of combining them or are they totality different
entry/exit points?

I traded Deans method a couple months several years ago and I couldn't stand missing so many pips on every entry so I moved on.
I don't mix methods that are so different... different entry rules.

Just a question on which you feel is better the ema or the channel?

Deans method is fabulous for traders looking for more security because his method is conservative and it works too.

It doesn't fit my personality or trading style... aggressive. Therefore the 5 ema method.

thanks big e i am ready....one daily to go.

My 4HR entry:

AUD/USD
Short @ 1.0086
10:03 AM PST

hi, guys. two close trade (both lose) and one open trade on my chart.
first trade. short trade, I should put stop lost at last swing high. then my trade should be in profit or stay in the trade.
second trade: I should not be going long, since already fourth bar are blue. and red line from TDI still down.
the third trade is long, BE now, still in it.
I think if we will only trade at red line direction in the TDI , and have enough SL space , the trade will not going to against your too much even you are at red pip now.