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Craig Harris Stochastics Method

  • #3,841
  • Mar 2, 2011 4:25am Mar 2, 2011 4:25am
FXTrader,

Trade what you see on your brokers chart....
  • #3,842
  • Mar 2, 2011 4:28am Mar 2, 2011 4:28am
Dan-42,

Most of those look like good trades. That was a dream chart come true....
  • #3,843
  • Edited 4:44am Mar 2, 2011 4:34am | Edited 4:44am
2scoops,

That chart is trash... untradeable in that low of consolidation. We need to get you trading on the Daily chart. Trading the Asian session is tough to begin with... and only having an hour is worse. Start Demo trading Daily charts... same rules. You may only get 1 or 2 trades a week but they will run several days each and make a lot of pips. Make sure to use a S/L.
  • #3,844
  • Mar 2, 2011 4:41am Mar 2, 2011 4:41am
Sam21,

Congrats on that profitable trade. Your charts look like your pretty much understanding the rules as per the way I trade... more aggressive...
  • #3,845
  • Mar 2, 2011 4:43am Mar 2, 2011 4:43am
Thanks Danimal42 - Could you post a snap of your MT4 email page or pm me at:
[email protected]

Not sure what I need to change. Thanks
  • #3,846
  • Mar 2, 2011 4:44am Mar 2, 2011 4:44am
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Thanks teacher
  • #3,847
  • Mar 2, 2011 4:50am Mar 2, 2011 4:50am
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
We are haveing news shortly so lets see what happen
Attached Image (click to enlarge)
Click to Enlarge Name: gbp2011-03-02_0747.png Size: 38 KB
  • #3,848
  • Mar 2, 2011 5:42am Mar 2, 2011 5:42am
Dan on post 3831 has the 21 ema dotted on his chart as well as the 233 line (from the 21/233 method). I'm going to set my chart up that way to test it out for trading... so if you see it on one of my charts... that's what it is...
  • #3,849
  • Mar 2, 2011 5:49am Mar 2, 2011 5:49am
Does anyone have a TDI that I can change the levels to 20/80 that will stay put. All that I've tried from here as soon as you change time frames they revert back to 32/68.
thx
  • #3,850
  • Edited 6:18am Mar 2, 2011 6:07am | Edited 6:18am
2scoops,

Below is a Daily chart. I marked the 8 trades that would have been taken. TDI is very important. Enter when green crosses red and exit when green crosses red or green fish hooks. Study the TDI. Any bad entries would have been nothing compared to the profit earned. It takes 24 hours to build each candle... so you have 24 hours to enter correctly and exit correctly...
Attached Image (click to enlarge)
Click to Enlarge Name: 3-2.gif Size: 34 KB
  • #3,851
  • Edited 11:12am Mar 2, 2011 6:13am | Edited 11:12am
Sam21,

When you post a chart please include the Pair and Timeframe so its easier for others to go there and check it out. Thanks

On your post #3847 you have 3 red candles consolidating and your green TDI line is hooked up... I'd say it's time to exit that short trade.
  • #3,852
  • Mar 2, 2011 6:30am Mar 2, 2011 6:30am
Quoting Mightyzoner
Does anyone have a TDI that I can change the levels to 20/80 that will stay put. All that I've tried from here as soon as you change time frames they revert back to 32/68.
thx
TDI-with alerts.mq4 works for this. thx
  • #3,853
  • Mar 2, 2011 9:00am Mar 2, 2011 9:00am
Quoting eelfranz
2scoops,

That chart is trash... untradeable in that low of consolidation. We need to get you trading on the Daily chart. Trading the Asian session is tough to begin with... and only having an hour is worse. Start Demo trading Daily charts... same rules. You may only get 1 or 2 trades a week but they will run several days each and make a lot of pips. Make sure to use a S/L.
I'm know you tend to monitor your daily trades for a while before setting a SL (and then try to set the SL at BE) but what SL would you recommend on the daily chart if you are unable to monitor the trade? I'm able to trade between 16:45 - 23:30 GMT and 06:30 - 07:30 GMT - would 22:00 GMT be a good time to target just after the new daily candle has formed.
  • #3,854
  • Mar 2, 2011 9:21am Mar 2, 2011 9:21am
Quoting 2scoops
I'm know you tend to monitor your daily trades for a while before setting a SL (and then try to set the SL at BE) but what SL would you recommend on the daily chart if you are unable to monitor the trade? I'm able to trade between 16:45 - 23:30 GMT and 06:30 - 07:30 GMT - would 22:00 GMT be a good time to target just after the new daily candle has formed.
Hi 2scoops

Since you are not always able to monitor your trades you might find this breakeven ea helpful to you. You can set it to trigger after x number of pips to breakeven or breakeven + 2 or whatever you want.
Attached File(s)
File Type: mq4 breakeven.mq4   3 KB | 1,005 downloads
Could it be Man is trying to be something without knowing they're complete?
  • #3,855
  • Mar 2, 2011 10:31am Mar 2, 2011 10:31am
thanks
  • #3,856
  • Mar 2, 2011 11:07am Mar 2, 2011 11:07am
2scoops,

Just at the time your broker updates the charts is the best time to place any trade on the Daily Chart..

Even during the day when I place an entry on the Daily chart I don't use a S/L... but I monitor the trade and when it moves up 20-30 pips I put in my S/L at B/E + the spread normally.

Most traders on the Daily chart who place a trade and walk away use a 75-100 pip S/L.
  • #3,857
  • Mar 2, 2011 5:17pm Mar 2, 2011 5:17pm
Quoting johnsund
Thanks Danimal42 - Could you post a snap of your MT4 email page or pm me at:
[email protected]

Not sure what I need to change. Thanks
John,

You need to click on tools on your platform, then click on options- then click email, this is where you type in the settings that your email provider wants. You can use a gmail account, gmx account, whoever-- just check what the settings are. You also have to know the email for your phone, you can google that. Hope this helps.

Dan
  • #3,858
  • Mar 2, 2011 7:27pm Mar 2, 2011 7:27pm
Hello,
I use the Trix along with a TDI. I would like to see my trix coded with a Yellow line just like on my TDI and the levels you would see on a TDI. I use it for divergence. Anyone who would be willing to help would be great.
Attached File(s)
File Type: mq4 THV T3 Trix MTF.mq4   5 KB | 585 downloads
  • #3,859
  • Edited Mar 3, 2011 12:11am Mar 2, 2011 11:18pm | Edited Mar 3, 2011 12:11am
Quoting eelfranz
2scoops,

Just at the time your broker updates the charts is the best time to place any trade on the Daily Chart..

Even during the day when I place an entry on the Daily chart I don't use a S/L... but I monitor the trade and when it moves up 20-30 pips I put in my S/L at B/E + the spread normally.

[font=Comic Sans MS][size=3][color=#0000ff]Most...
Just an additional word of warning to any newbies or unsuspecting traders who don't believe in their own fallibility. If you are trading a daily (or any higheer timeframe chart tht requires a larger stoploss) you had best have a larger account that can handle a 100 pip drawdown and not affect over 2-3% of you acount. If not, you won't be trading in the future. This type of trading without stoplosse (or large stoplosses) is good for someone with a lot of experience or a riverboat gambler but is suicide for a novice. The attached quote also mentioned using a 75 - 100 pips stoploss.
  • #3,860
  • Mar 3, 2011 1:17pm Mar 3, 2011 1:17pm
Quoting Danimal42
John,

You need to click on tools on your platform, then click on options- then click email, this is where you type in the settings that your email provider wants. You can use a gmail account, gmx account, whoever-- just check what the settings are. You also have to know the email for your phone, you can google that. Hope this helps.

Dan

Danimal-
What is the setting of your MA on your chart the yellow dotted line? thanks
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