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Craig Harris Stochastics Method

  • #3,801
  • Mar 1, 2011 11:52am Mar 1, 2011 11:52am
Thanks for your help guys.

Galldg
  • #3,802
  • Mar 1, 2011 12:17pm Mar 1, 2011 12:17pm
bythepound,

Post #3790. Did you check the 4 hr. chart before taking the trade on the Daily chart? If you had at 2pm pacific you would have seen your one candle late on the 4 hr. and green & red were flat. I believe if you were monitoring the trade while in progress you would have made a profit... and maybe you did...
  • #3,803
  • Mar 1, 2011 12:36pm Mar 1, 2011 12:36pm
Hi Big E
As I told you in a pm I do not trade your system exactly but one very similar. Your entry and your wiliness to take several "small" stops has really helped me. I try to accumulate several small positions with the weekly trend that I can put at break-even (free trades that I can let run). My profit using your system are my "free positions". I do believe your system is the best I have found. And your moving up to the daily chart should help newbies (although they won't believe it at first). It just cuts down on the false signals. Thanks and kept teaching!

gmcc
  • #3,804
  • Mar 1, 2011 1:01pm Mar 1, 2011 1:01pm
Michaelwen,

Go to www.babypips.com and learn basic trading skills. Years ago I found it helpful.

Your entries are all wrong. Because of the language difference I'm sure it's difficult for you and I understand that... go to the link above and do their training before trying to continue the 5 method.

Good Luck.

Big E
  • #3,805
  • Edited 1:31pm Mar 1, 2011 1:13pm | Edited 1:31pm
gmcc,

Thanks buddy and I keep trying to help other traders make more pips without having to pay for a bogus trading course. People on our thread have some experience to succeed. This thread is not meant for newbies. Our thread is not about learning the basics of forex trading but it's about teaching a method to traders who are no longer beginners... but intermediate+ I guess.

Any newbies here... please go to www.babypips.com and take some time to learn about the forex market and how it's traded. It's important.
  • #3,806
  • Mar 1, 2011 2:19pm Mar 1, 2011 2:19pm
I am not able to monitor the charts all of the time and that's why I went to the 4HR and Daily entries. I also have seen much beter results compared to lower time frames.

As of 12:15 PM on 3/1 I am still short on this postion (from post 3790) and down 19 pips right now, but I have seen drawdowns as much as 60 pips. My normal stop on daily entries is 75 - 100 pips and I shoot for the same on the TP. But, if I have a good reason, I will kill the trade before either the TP or SL is hit.

Quoting eelfranz
bythepound,

Post #3790. Did you check the 4 hr. chart before taking the trade on the Daily chart? If you had at 2pm pacific you would have seen your one candle late on the 4 hr. and green & red were flat. I believe if you were monitoring the trade while in progress you would have made a profit... and maybe you did...
Without vision, the people will perish.
  • #3,807
  • Edited 5:54pm Mar 1, 2011 2:58pm | Edited 5:54pm
bythepound,

OK buddy... I'd die on the spot if I ever took a 60-75 pip loss using my personal trading rules/style... $600-750 loss... yikes!

Hope this trade works out for you...
  • #3,808
  • Edited 3:26pm Mar 1, 2011 3:22pm | Edited 3:26pm
Quoting eelfranz
We look for a candle to cross the 5 ema and then close (set up candle), When the next candle opens being the same color as the set up candle... we enter the trade... check your TDI for confirmation...
Great Thread BIG E and THE 5 METHOD ROCKS!!!!

TDI CONFIRMATION is when the green crosses through the red and also crosses the 50 line. It does not necessarily have to pass through the yellow but should be below the yellow when going short, above yellow-when going long...

Is this correct? I see some people entering once the green crosses through the red and not waiting for it to cross through the 50- this is more agressive and riskier.

Nevermind, just read what you said a couple of messages ago...lol...
  • #3,809
  • Mar 1, 2011 5:48pm Mar 1, 2011 5:48pm
Hi Gang...

You may think this is a little unusual for me to post this link but it's for your benefit and future success. He is also offering a free two week live trading room but his message is hard hitting and right on as far as the major problems traders have and how to overcome them. Our threads goal is to help you become a successful trader...

http://www.triplethreattrading.com/f...ining/more.php
  • #3,810
  • Edited 7:18pm Mar 1, 2011 7:03pm | Edited 7:18pm
Hello Everyone,

5 method Rocks. Here is a screenshot. The arrows are where I may have entered and I also get a text message to my cell phone telling me to get off my fat A_S and go look at the chart!! Good stuff!!!


Dan
Attached Image (click to enlarge)
Click to Enlarge Name: keep it simple.gif Size: 39 KB
  • #3,811
  • Mar 1, 2011 7:56pm Mar 1, 2011 7:56pm
Danimal42 - What allows you to get a cell phone message and from what indicator on your chart. What indiators do you use? If it is a form of TDI that allows cell phone notifications could you post that indicator please. Thanks.
  • #3,812
  • Mar 1, 2011 8:02pm Mar 1, 2011 8:02pm
Quoting eelfranz
Michaelwen,

Go to www.babypips.com and learn basic trading skills. Years ago I found it helpful.

Your entries are all wrong. Because of the language difference I'm sure it's difficult for you and I understand that... go to the link above and do their training before trying to continue the 5 method.

[FONT=Comic Sans...
hi, Master Big E, thanks for point out I got all wrong entries. and I check again with my chart, just can not find out where is goes wrong, do you mind to point out one of my chart for me ? thanks.
  • #3,813
  • Mar 1, 2011 8:21pm Mar 1, 2011 8:21pm
I'm posting a 4 hour chart below.. would you take this trade? I want you to analyse it and tell me what you see...
Attached Image (click to enlarge)
Click to Enlarge Name: 3-1.gif Size: 20 KB
  • #3,814
  • Mar 1, 2011 8:22pm Mar 1, 2011 8:22pm
Quoting johnsund
Danimal42 - What allows you to get a cell phone message and from what indicator on your chart. What indiators do you use? If it is a form of TDI that allows cell phone notifications could you post that indicator please. Thanks.


John,

Its the arrows that are on my chart above or below the candles- Pointing pretty close to where you could enter. I had Sangmane (FF member) fix it for me- he is pretty good at programming. It has an RSI setting of 13-just like TDI and you can change it to whatever you want-sometimes I like 21. It also has two MA crosses so I just set them at 5 & 12 and its pretty close to where you want to enter. When you set the indicator up, change the MA colors to none, no need to see them, and make the arrows smaller. On mail subject- change it to your pair name and time frame. Hope this helps and whoever uses it enjoy!!!!!

Dan
Attached File(s)
File Type: ex4 Sidus5.ex4   5 KB | 694 downloads
File Type: mq4 Sidus5.mq4   4 KB | 833 downloads
  • #3,815
  • Mar 1, 2011 8:30pm Mar 1, 2011 8:30pm
Quoting eelfranz
I'm posting a 4 hour chart below.. would you take this trade? I want you to analyse it and tell me what you see...

I would not take it at that candle, you would of gotten in 4hrs late. Its a retrace and the TDI Green line is flat. The candle is also small and no wick. I would of sat on the sidelines....
  • #3,816
  • Mar 1, 2011 8:31pm Mar 1, 2011 8:31pm
Danimal...

Interesting chart... what rules are you using? Noticed youe entries were somewhat different... Did you take any of these trades live? How can I be of help?
  • #3,817
  • Mar 1, 2011 8:32pm Mar 1, 2011 8:32pm
Quoting eelfranz
I'm posting a 4 hour chart below.. would you take this trade? I want you to analyse it and tell me what you see...
I might skip the trade. TDI green is flat. and price bar is fourthly since the first red bar appear.
  • #3,818
  • Mar 1, 2011 8:41pm Mar 1, 2011 8:41pm
Quoting eelfranz
Danimal...

Interesting chart... what rules are you using? Noticed youe entries were somewhat different... Did you take any of these trades live? How can I be of help?
Big E,

Im using your rules, the arrows just get me to the computer via text message. Look at the red vertical line there is an arrow on top of that candle, I would of entered on the next candle. The dotted yellow line is your other method, both are on one chart. The other indicators- Trix & stoch just help out with more confirmation- I follow the TDI, candle placement, trix & stoch all at the same time, If i like what i see, Im pulling the trigger!!!! Thanks for sharing the "5".

Also, the TDI RSI setting is at 13 and thats what my arrow alert is set at too...



Dan
  • #3,819
  • Mar 1, 2011 8:43pm Mar 1, 2011 8:43pm
Danimal42 - thanks for your post. Not sure what you mean by change it to your pair name and time frame. Please clarify.
  • #3,820
  • Mar 1, 2011 8:43pm Mar 1, 2011 8:43pm
This is a different chart... post your analysis everyone... please.
Attached Image (click to enlarge)
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