Craig Harris Stochastics Method | Page 198 | Forex Factory

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Craig Harris Stochastics Method

  • #3,941
  • Mar 15, 2011 2:36am Mar 15, 2011 2:36am
Another one on EU pair for the homework. Enter when green crossed the red line on TDI. Out when wick puled back 5 pips. Even if green still goes down. Correct?
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 26 KB
  • #3,942
  • Mar 15, 2011 5:32am Mar 15, 2011 5:32am
....This what happen right after I was out...trade went for another 25+ pips!
Big E, Was I right to come out at the moment it reverses on me for 5 pips? Or, maybe in this particular situation you would look for some reason to stay in the trade for longer. For.ex.: at that moment TDI green line was still in strong down move. And a question: are you entering again if the price is going in the same direction? (if TDI again turning to the down side)?
Thanks for your HELP!!!
Attached Image (click to enlarge)
Click to Enlarge Name: EU2.png Size: 22 KB
  • #3,943
  • Mar 15, 2011 5:42am Mar 15, 2011 5:42am
....and another two charts to show the price action next 30 minutes...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU1.png Size: 21 KB
Click to Enlarge Name: EU3.png Size: 21 KB
  • #3,944
  • Mar 15, 2011 6:37am Mar 15, 2011 6:37am
Vanaris,

Looks good. I'm just trying to show everyone how easy it is to make 20-40+ pips a day using these simple rules. I know most of you are trading the 5 & 15m TF because of time constraints or other obligations.

Just try it Demo everyone and see your results...
  • #3,945
  • Mar 15, 2011 6:56am Mar 15, 2011 6:56am
Hi,I'm requesting to be added to the skype room.....username is Piptential.Thanks
  • #3,946
  • Mar 15, 2011 7:01am Mar 15, 2011 7:01am
Hey Y'all,

Got this indicator from another forum, it is very handy for identifying pullbacks in trends.
Attached File(s)
File Type: ex4 1-Retracement Finder1.ex4   4 KB | 1,063 downloads
  • #3,947
  • Mar 15, 2011 7:15am Mar 15, 2011 7:15am
Big E,
What about this one on 1H TF....?
Attached Image (click to enlarge)
Click to Enlarge Name: EU1.png Size: 24 KB
  • #3,948
  • Mar 15, 2011 7:20am Mar 15, 2011 7:20am
Here I enter at 1.3907.....and came out after price turning on me 8 pips + spread 2 pips, in total -10 pips.....
Attached Image (click to enlarge)
Click to Enlarge Name: EU3.png Size: 34 KB
  • #3,949
  • Edited 8:04am Mar 15, 2011 7:20am | Edited 8:04am
Hey Everyone, if you need any help & are trading live, check out the Skype room, search "The5Method". Here is a trade that I took this morning, still in it right now...

Dan

Just set my SL to BE....10:38 A.M. EST
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf15.gif Size: 34 KB
  • #3,950
  • Mar 15, 2011 7:24am Mar 15, 2011 7:24am
...and here what happen few minutes later ... another 40+ pips...
Attached Image (click to enlarge)
Click to Enlarge Name: E1.png Size: 23 KB
  • #3,951
  • Mar 15, 2011 7:35am Mar 15, 2011 7:35am
Big E,
I try to understand how you are thinking in situations like this....are you just coldly following your rule, out if price revercese on you 5-6 pips, or else...? What are you looking at? Maybe you give more room on 1H TF? ....Or out, and jump in if TDI corrects in the right direction? I just try to understand your way?
  • #3,952
  • Mar 15, 2011 7:58am Mar 15, 2011 7:58am
Vanaris - if you are not participating in the chat group you are missing an opportunity to seek guidance and assitance from other traders on a live basis. How to get involved is on this page. Please join us.
  • #3,953
  • Mar 15, 2011 8:21am Mar 15, 2011 8:21am
Quoting Danimal42
Hey Everyone, if you need any help & are trading live, check out the Skype room, search "The5Method". Here is a trade that I took this morning, still in it right now...

Dan

Just set my SL to BE....10:38 A.M. EST

Just broke even-thats okay though, there will be more trades.
  • #3,954
  • Mar 15, 2011 8:34am Mar 15, 2011 8:34am
For those of you who join the Skype room, once you get there, you have to look at the "recent " area to find/see the group.

Thanks,

Dan

Skype Room Name- The5Method
  • #3,955
  • Mar 15, 2011 11:31am Mar 15, 2011 11:31am
Hi Johnsand! Thanks for the post! I am already in the room....a lot of great information in there. Just wanted to post some examples of trades, and see how Beg E thinks in different situations...I still am not sure about exiting the trades.

Vahagn
  • #3,956
  • Mar 15, 2011 12:20pm Mar 15, 2011 12:20pm
Quoting rustynail
Hey Y'all,

Got this indicator from another forum, it is very handy for identifying pullbacks in trends.
Hi rusty

I have been using that indi too. One thing I noticed is for the 5 method setup candle if it also has a reading of +-50 on the retracment finder it seems to have more momentum for a good entry.

Would you agree?
Could it be Man is trying to be something without knowing they're complete?
  • #3,957
  • Mar 15, 2011 1:15pm Mar 15, 2011 1:15pm
Hey Numb3rs,

I interpret the signal as follows, the indicator bar crosses above/below 0 and also crosses +50/-50, the set up candle crosses above/below the 5 ma, the pullback is over and trend is resuming. Is this how you interpret it?
  • #3,958
  • Edited 2:59pm Mar 15, 2011 1:35pm | Edited 2:59pm
Quoting rustynail
Hey Numb3rs,

I interpret the signal as follows, the indicator bar crosses above/below 0 and also crosses +50/-50, the set up candle crosses above/below the 5 ma, the pullback is over and trend is resuming. Is this how you interpret it?
Yes pretty much the same. Only thing different is I just care if it is close to the +50/-50 not hard and firm on if it crosses or not. I treat the +50/-50 more as a sort of veg zone if you know what i mean. Just needs to be close.
Could it be Man is trying to be something without knowing they're complete?
  • #3,959
  • Mar 15, 2011 7:34pm Mar 15, 2011 7:34pm
Quoting Danimal42
For those of you who join the Skype room, once you get there, you have to look at the "recent " area to find/see the group.

Thanks,

Dan

Skype Room Name- The5Method

Please add me dawna.hughes1

thx
  • #3,960
  • Mar 16, 2011 1:45am Mar 16, 2011 1:45am
Have been reading all the posts for about 2 weeks. Last week opened a word doc and am copying all the rules to it. Just finished the copy now organizing the entries and exits.

Thanks for all the great posts

Lee
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