Craig Harris Stochastics Method | Page 183 | Forex Factory

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Craig Harris Stochastics Method

  • #3,641
  • Feb 21, 2011 12:56pm Feb 21, 2011 12:56pm
littlebunny,

See post #3637.
  • #3,642
  • Feb 21, 2011 1:08pm Feb 21, 2011 1:08pm
bythepound,

does it not worry you that its the 6th red candle you entered on, and stoch is below 20?. Big E, would this be a trade you take?
  • #3,643
  • Feb 21, 2011 1:33pm Feb 21, 2011 1:33pm
Johnami,

The stochs is like comfort food... makes me feel more sure of my trade when it & the TDI agree... If they don't... I hesitate and take a closer look... smaller time frames, older PA, trend lines... things like that... just do more investigation before taking the trade...
  • #3,644
  • Edited 2:45pm Feb 21, 2011 1:57pm | Edited 2:45pm
by the pound - chews...

His trade was taken on a 4 hour chart...

I see a late entry on PA.... TDI looks pretty good... stochs isn't very important when it hits 20 or 80 other than to note it... now, looking down at the 1 hour chart... PA is rising right now... I think the late entry may be a possible problem...
  • #3,645
  • Edited 2:27pm Feb 21, 2011 2:03pm | Edited 2:27pm
Michaelwen,

When you post a chart please indicate ON THE CHART where your trades were at... then it would be easier to help you. Thanks. Double the width on your red and green lines on the TDI please to make them stand out more... Thanks for posting...
  • #3,646
  • Edited 2:48pm Feb 21, 2011 2:31pm | Edited 2:48pm
The two charts I posted this morning down over $264... I closed the EUR/USD with a profit of $60 and the other is still running and only down $14 at this time...
  • #3,647
  • Feb 21, 2011 3:02pm Feb 21, 2011 3:02pm
Quoting stevepatt
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.
Entered this trade short at 83.188, slow going today with it being a public holiday in US
  • #3,648
  • Feb 21, 2011 3:11pm Feb 21, 2011 3:11pm
Here is my latest analysis for anyone interested:

Weekly Analysis

Kind Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
  • #3,649
  • Feb 21, 2011 3:56pm Feb 21, 2011 3:56pm
Chart Preview -
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  • #3,650
  • Feb 21, 2011 4:02pm Feb 21, 2011 4:02pm
This one should be ready to trade in 2 days if all looks good... write it down...
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  • #3,651
  • Feb 21, 2011 4:05pm Feb 21, 2011 4:05pm
This one can't decide what to do at the moment...
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  • #3,652
  • Feb 21, 2011 4:12pm Feb 21, 2011 4:12pm
Too soon to tell but I estimate this will be ready in 2-3 days. Check back for the set up... The orange dotted line is an indicator that marks the 00 lines on your chart...
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  • #3,653
  • Feb 21, 2011 4:14pm Feb 21, 2011 4:14pm
Trading today is almost a waste of time being a Federal Holiday. PA will pick back up when the London session opens tonight.
  • #3,654
  • Feb 21, 2011 4:24pm Feb 21, 2011 4:24pm
E/U 4 hour is on holiday..
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  • #3,655
  • Feb 21, 2011 4:28pm Feb 21, 2011 4:28pm
G/U 4/h is snoring too...



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  • #3,656
  • Edited 6:03pm Feb 21, 2011 4:40pm | Edited 6:03pm
Glanced thru many of the other 4/h charts but not much cookin'... we'll check tomorrow... This guy is talking to his best friend after loosing $5,000 in a forex trade... what will my wife say???
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  • #3,657
  • Feb 21, 2011 4:43pm Feb 21, 2011 4:43pm
Have you ever seen your brokers office and the nice car you bought him/her ???????????
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  • #3,658
  • Feb 21, 2011 7:24pm Feb 21, 2011 7:24pm
Closed my short entry from post 3629 with a 26 pip loss. I exited due to hook on the TDI and Stoch.
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Without vision, the people will perish.
  • #3,659
  • Feb 21, 2011 7:27pm Feb 21, 2011 7:27pm
I think brokers make all the money because forex trading for a newbie is boring. The setup takes a long time so one has to wait looking at a slow screen which doesn't change much for ages and after going through all the aggravation of boring screen time, one is still not sure if he will be in profit so one loses interest and gives up. Alerts help but is this what forex trading is all about? Do I have to be bored. Am I missing something here?
  • #3,660
  • Feb 21, 2011 7:30pm Feb 21, 2011 7:30pm
eelfranz,

Thanks buddy I appreciate your answer and your help.

Your answer helped us all!

Tks

snarlyjack
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