Craig Harris Stochastics Method | Page 186 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Stochastics Settings 12 replies

bo7a method... method for GBP/JPY 205 replies

Stochastics 3 replies

Math question: equating hourly stochastics/rsi with daily 3 replies

Slow Stochastics Indicator 1 reply

Attachments: Craig Harris Stochastics Method
Exit Attachments

Craig Harris Stochastics Method

  • #3,701
  • Feb 23, 2011 11:06pm Feb 23, 2011 11:06pm
Quoting eelfranz
A/U 4/h getting ready for a set up... in a slow up trend.
This trade went up 20 pips before reversing, would you be getting out as soon as the candle formed or sooner if you'd been monitoring the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: bige2.gif Size: 27 KB
  • #3,702
  • Edited Feb 24, 2011 9:20am Feb 23, 2011 11:07pm | Edited Feb 24, 2011 9:20am
2scoops,

I exit if green starts to curl and/or when green goes flat. PA alone is yelling exit on chart 31 just above.

2nd chart - Green on TDI is curling over and when red candle appears... exit.
  • #3,703
  • Feb 23, 2011 11:15pm Feb 23, 2011 11:15pm
This is a short trade I took about 19:00 GMT on the GBP/JPY daily. The lower time frames looked good also. I ended exiting too early, the TDI line flattened out when the next candle formed at 22:00 GMT so I exited with only 3 pip profit. The trade if I'd stayed in would have made about 50 pips overnight.

The first chart is the trade entry
The second is now + 50 pips (notice the flat green TDI line)

I just need to understand better what are the exit signals are on the higher time frames, do we need a candle colour change before we exit?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 25 KB
Click to Enlarge Name: gbpjpy3.gif Size: 22 KB
  • #3,704
  • Feb 24, 2011 1:14am Feb 24, 2011 1:14am
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.
Just exited this trade, that I entered on Sunday, for 130 pips didn't want it to reverse on me because I have to go out now.
Attached Image (click to enlarge)
Click to Enlarge Name: Exit for UJ Trade.jpg Size: 118 KB
  • #3,705
  • Feb 24, 2011 4:49am Feb 24, 2011 4:49am
Time to sell GBPUSD at H4

Attached Image (click to enlarge)
Click to Enlarge Name: gb.JPG Size: 75 KB
  • #3,706
  • Feb 24, 2011 7:38am Feb 24, 2011 7:38am
Got into this trade at 8PM MST last evening off the H1 chart. Currently up 130 pips with some room to continue. Watching it closely.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ H1.jpg Size: 111 KB
  • #3,707
  • Feb 24, 2011 8:19am Feb 24, 2011 8:19am
Quoting Phx62
Got into this trade at 8PM MST last evening off the H1 chart. Currently up 130 pips with some room to continue. Watching it closely.
hi，Phx62. what is name of indicator on your chart, show yesterday high and yesterday low? thanks
  • #3,708
  • Feb 24, 2011 8:22am Feb 24, 2011 8:22am
Quoting Android38
Time to sell GBPUSD at H4

Attachment
yes, I took same trade. now exit out with +50 pips. on 4 hr TF.
  • #3,709
  • Feb 24, 2011 9:09am Feb 24, 2011 9:09am
Quoting Phx62
Got into this trade at 8PM MST last evening off the H1 chart. Currently up 130 pips with some room to continue. Watching it closely.
wow beautiful trade well done
  • #3,710
  • Feb 24, 2011 9:45am Feb 24, 2011 9:45am
2scoops... If you wait for color change on the Daily your going to have to wait 24hrs. or more... Look at your PA if TDI isn't giving you the info your looking for... Is PA candles going flat, consolidating, pulling back ? If so you can exit and re-enter if it continues... look for the easy solution ...
  • #3,711
  • Feb 24, 2011 9:50am Feb 24, 2011 9:50am
You all have caught the vision of the 5 method and are making trades with success which builds your confidence... and is increasing your pips made... I love watching your success... you deserve it!
  • #3,712
  • Feb 24, 2011 10:30am Feb 24, 2011 10:30am
Quoting eelfranz
You all have caught the vision of the 5 method and are making trades with success which builds your confidence... and is increasing your pips made... I love watching your success... you deserve it!
Nice! It’s all about traders helping traders.

Did you see that? How did you do that? What made you do that?

….And, I got in here because… I looked at that and saw…. I used this because… and so on.

Feels good to do the Happy Dancebut don’t get too consumed by confidence as we are all speculators and you need to be able to absorb the bad just as well as you can absorb the good.

Keep you’re head screwed on tight and your stop losses just as tight but within reason.

JD
It's Easy To Get In;.. It's Hard To Get Out
  • #3,713
  • Feb 24, 2011 12:00pm Feb 24, 2011 12:00pm
Quoting michaelwen
hi，Phx62. what is name of indicator on your chart, show yesterday high and yesterday low? thanks
It is the Daily_High_Low_ & I got it somewhere on Forex Factory. I am work so I can't copy it now.....maybe later from home.
  • #3,714
  • Feb 24, 2011 12:13pm Feb 24, 2011 12:13pm
Quoting Phx62
Got into this trade at 8PM MST last evening off the H1 chart. Currently up 130 pips with some room to continue. Watching it closely.

Out with 151 pips. I usually trade the M5 & M15 charts with moderate success....not ready to do this full time yet. I definitely will start looking for trades on the longer time frames.
Thanks Big E......for your patient teaching and presentation of a working trading method!! It truly does work on all time frames if you have the patience to wait for the right setup.
  • #3,715
  • Feb 24, 2011 4:58pm Feb 24, 2011 4:58pm
Congratulations on your success.

I just closed 6 trades I entered about an hour ago on the 4 hr and Daily charts. I had one loser for $29 and winners totaled about $282. I just followed the rules.
  • #3,716
  • Feb 24, 2011 5:20pm Feb 24, 2011 5:20pm
Quoting Phx62
It is the Daily_High_Low_ & I got it somewhere on Forex Factory. I am work so I can't copy it now.....maybe later from home.
Didn't you know that you can drag & drop (copy) the complete MT4 folder to a USB and run it from any computer?

Trade at work, that what I do even with firewall, proxy & password !!!
Canadian by birth Australian by choice
  • #3,717
  • Feb 24, 2011 7:49pm Feb 24, 2011 7:49pm
see attached
Attached File(s)
File Type: ex4 Yesterday High & Low v2.0.ex4   4 KB | 693 downloads
  • #3,718
  • Feb 25, 2011 1:29am Feb 25, 2011 1:29am
Quoting eelfranz
Congratulations on your success.

I just closed 6 trades I entered about an hour ago on the 4 hr and Daily charts. I had one loser for $29 and winners totaled about $282. I just followed the rules.
hi，Big E . one question. your system works great. and I have couple profit trades to follow your rule. only one of thing trouble me is, if you are entry on the 4hr TF, are you go back check see if trade goes your way or againest every 4 hrs or by your experience , you need watch your trade all the time? thanks
  • #3,719
  • Feb 25, 2011 1:56am Feb 25, 2011 1:56am
just took this long trade. 4hr looks good ( TDI, green, red all point up, Stoch point up )
then switch 1 hr for confirm. looks ok. ( TDI green pass 50LINE point up, red ,yellow flat , Stoch point up)
by the way, I put same pair with 2 TF side by side, easy to see and make trade decision.
Attached Image (click to enlarge)
Click to Enlarge Name: 5 method1.jpg Size: 183 KB
  • #3,720
  • Feb 25, 2011 2:18am Feb 25, 2011 2:18am
Master Big E:
are you going to take this trade if you saw it? thanks. and why? the reason I am ask is 4 hr bar is not new short corss bar for 5MA
1 trader viewing now