Craig Harris Stochastics Method | Page 216 | Forex Factory

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Craig Harris Stochastics Method

  • #4,301
  • Apr 18, 2011 1:35pm Apr 18, 2011 1:35pm
Thanks everyone for your kind words and for helping each other. I appreciate the help.

I think I will open a new thread. I'll post when & where here first... for the followers of this method...

Thanks again...
  • #4,302
  • Edited 2:13pm Apr 18, 2011 1:46pm | Edited 2:13pm
Location,

On my 24" monitor your printing almost blew me off my chair... lol.

Entries look beautiful. I would have been tempted to enter the 2nd trade one candle earlier...why?... looking to the left at the previous short runs which ran quite a few candles...lol However you were trading Daily charts. I always prefer to enter on candle 1 or 2 if possible since it averages 3-8 candle runs...

This is not a moving average crossover method... you'll find those on the charts. I depend about 80% on the signal from the TDI and then look at what else is on the chart and Stochs... TDI is an Osc..

I've ground this method down for 2 years+ and it just gets better... any timeframe... just study the charts I've posted to build confidence and you'll be stylin' in no time at all. Congrats on those trades too...

Two of my favorite trades are going short up by the 68 line or long at the 32 line... it's just easy money...

The key for entries is the TDI green crossing red... not PA crossing the 5 ema for the most aggressive method.

The only time I enter a trade after candle #2 is if the red line bounces off the green for a continuance... see previous charts posted...
  • #4,303
  • Apr 18, 2011 2:04pm Apr 18, 2011 2:04pm
Hi Big E

I switched to the Daily Time frames using your method. What a pleasure to trade larger time frames. I used to trade 15 minute. Going to stick it out with the Daily. Going to make this work for me.

Here are some trades I took today.

Eu/ Usd - Self Explanatory.

Ej and Gj I entered last week tuesday and then TDI hooked on thursday so i got out.

I then re-entered when green pointed south again.

Thanks for the great work.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej daily.gif Size: 27 KB
Click to Enlarge Name: gj daily.gif Size: 28 KB
Click to Enlarge Name: eu easy daily.gif Size: 28 KB
  • #4,304
  • Apr 18, 2011 2:24pm Apr 18, 2011 2:24pm
Something to look out for is divergence, EU trade went in the direction of the divergence will the GC set up do the same? Probaly better to wait for a break of resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Divergence 18th April 11 EU.jpg Size: 102 KB
Click to Enlarge Name: Divergence 18th April 11 GC.jpg Size: 97 KB
  • #4,305
  • Apr 18, 2011 3:33pm Apr 18, 2011 3:33pm
Hard Earned...

Welcome aboard...

The ability to trade longer term charts releases so much stress when trading as long as you have confidence in your method...

If your trading the more aggressive method... only enter on candle 1 or 2... unless you enter on the bounce of green off of red...

I encourage everyone to Demo Trade the method to build confidence and study the charts posted... it's pretty cut and dried... don't make it more complicated... HA PA/5ema/TDI/Stochs is all you need. I've traded off the TDI many times with no PA showing and have been successful over and over.
  • #4,306
  • Apr 18, 2011 3:43pm Apr 18, 2011 3:43pm
Stevepatt...

Good point and some people trade using divergence. I don't personally because it's like everything in FX... nothing works 100% of the time and that goes for divergence too... I just try to keep it as simple as possible for success.... and my way is not necessarily the only way...

Thanks for postin' buddy....
  • #4,307
  • Apr 18, 2011 4:40pm Apr 18, 2011 4:40pm
Green crossing Red stocks over bought and pointing down and price bouncing from resistance dating back to Nov. 10.
Attached Image (click to enlarge)
Click to Enlarge Name: NU Daily Trade 18th April.jpg Size: 109 KB
  • #4,308
  • Apr 18, 2011 5:33pm Apr 18, 2011 5:33pm
Big E:

Thanks for the response. Sorry about the font. I was trying to be considerate, but that was out of control

I was actually hoping that you kept this thread alive. There's so much valuable information here. It seems that when the Skype Chat opened a number of members migrated there, and haven't returned. I hope the 5 Method followers don't get too scattered.

Is it possible for the moderators to move this thread from page 202 into its own thread? If so, that might be the best of both worlds. If so, you can update Post 1 of this thread to direct those who come here to the new thread. Just a thought.
  • #4,309
  • Apr 19, 2011 1:38am Apr 19, 2011 1:38am
Quoting stevepatt
Green crossing Red stocks over bought and pointing down and price bouncing from resistance dating back to Nov. 10.
Moved SL to BE good move down overnight. Placed a 50 pip SL and a 100 TP.
Attached Image (click to enlarge)
Click to Enlarge Name: NU Trade Developing 18 April 11.jpg Size: 105 KB
  • #4,310
  • Apr 19, 2011 6:40am Apr 19, 2011 6:40am
Morning, Location...
I think Big E is talking about moving the 5 Method to it's own thread, as this one has a number of refinements originaly based off the Craig Harris Method.
I like your idea of updating Post 1 to direct folks to the new 5 Method thread location.
Big E has certainly moved this approach forward relentlessly...He's made it very easy to understand and to execute...
Good trades...
Cliff


Quoting Location
Big E:

Thanks for the response. Sorry about the font. I was trying to be considerate, but that was out of control

I was actually hoping that you kept this thread alive. There's so much valuable information here. It seems that when the Skype Chat opened a number of members migrated there, and haven't returned. I hope the 5 Method followers don't get too scattered.

Is it possible for the moderators to move this thread from page 202 into its own thread? If so, that might be the best of both worlds. If so, you can update Post 1 of this thread...
I get exercise just pushing my luck
  • #4,311
  • Edited 8:33am Apr 19, 2011 8:22am | Edited 8:33am
Hello Location:

The Skype chat room has not effected this thread at all & was never meant to. Everyone comes back here for updates and more training. I moderate "The5Method" skype room and at times there is little to no involevment. The room was created to help people out- people that are trading "live" with the 5 method. It was also created to discuss trading in general and to have fun. At time people do get on & discuss trades, but not everyone is trading full time-they have other jobs. I do not get on all the time. I am a contractor and work during the day. So, if people want to participate, they can, if they dont have the time, that is fine.

My thoughts about a new location for the thread are on Post #4287. I think its a great idea. You can also have a link on the first page that brings people back to here if the moderators cant move page 202 & on to a new thread.

Nice charts & trades.

Thanks,

Dan
  • #4,312
  • Apr 19, 2011 8:40am Apr 19, 2011 8:40am
Quoting eelfranz
Thanks everyone for your kind words and for helping each other. I appreciate the help.

I think I will open a new thread. I'll post when & where here first... for the followers of this method...

Thanks again...
I thinks a new thread is a great idea. Although I like Craig Harris' method, Big E's 5M has a much higher percentage of winners. And they are very different methods. And maybe the new thread won't get stuck in the commercial forum, making it more easily available to many more people. Just my 2 cents worth - which in today's economy is worth what?
Read the entire thread BEFORE you ask questions!
  • #4,313
  • Apr 19, 2011 1:42pm Apr 19, 2011 1:42pm
I'm in this trade at the moment, seems to be going well. Red line signifies entry point. I've started targeting the 4HR charts as they take less chart watching and I can manage the trade at work without it distracting me too much. Not sure about what stop loss to use, originally set it at about 100 pips and then as it moved into profit set it to a 45 pip TSL.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 25 KB
  • #4,314
  • Apr 19, 2011 2:31pm Apr 19, 2011 2:31pm
Johnami....

About 00.00025 cents... maybe
  • #4,315
  • Apr 19, 2011 2:36pm Apr 19, 2011 2:36pm
Ok everyone... you did it now...

I want possible names for the new thread from each of you...

This was your idea so you can help build and support it...

Something simple yet interesting to draw them in to take a look...

I'm waiting...
  • #4,316
  • Apr 19, 2011 2:43pm Apr 19, 2011 2:43pm
I'm tired... couldn't get to sleep and only got about 2 1/2 hours sleep... that's why I need your brain power besides you always come up with good ideas... think about it and let me know please...

I emailed FF about the problem about not being able to post charts on my main laptop. Hope they come up with a fix fast...
  • #4,317
  • Edited 5:40pm Apr 19, 2011 3:06pm | Edited 5:40pm
Training Chart....

I marked this chart for entries with the vertical lines. I didn't mark all the winning trades as you can see. There are 2 possible losses as I marked. This is on a 15 minute chart... I don't trade these low timeframes but many do... set ups on TDI where green crosses red or green bounces off red...
Attached Image (click to enlarge)
Click to Enlarge Name: e-u.gif Size: 27 KB
  • #4,318
  • Edited 5:38pm Apr 19, 2011 3:20pm | Edited 5:38pm
Training Chart -

Entries - A/J 15 minute chart... Look for the set up on the TDI where green crosses red for entries...
Attached Image (click to enlarge)
Click to Enlarge Name: a-j.gif Size: 35 KB
  • #4,319
  • Apr 19, 2011 3:26pm Apr 19, 2011 3:26pm
I started reading this thread, thinking it might be a way to learn to trade on the 15 minute charts, while letting my 4 hour timeframe trades rumble away in the background; when, lo and behold, skipping ahead, I find not only has the 15 min chart made way for the four hour one I already use, the methodology has become uncannily similar to my own!

I use an SMA of 5, displaced 3, as the best fit I could come up with that seemed to automatically approximate the sort of trendlines I like to draw when trying to decide when to enter after a retracement. For me, price passing through the 5, in the direction of the trend - having previously closed on the other side of the 5, against the trend - is the entry trigger.

I only trade in the direction of the trend, which I generally determine by a 160 HMA.

I'm pleased to have found this thread, and I'm definitely going to check out eelfranz's approach, particularly his use of the TDI.

I've attached the typical chart I use, just for interest.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
All flesh is as grass
  • #4,320
  • Apr 19, 2011 3:30pm Apr 19, 2011 3:30pm
Quoting eelfranz
Ok everyone... you did it now...

I want possible names for the new thread from each of you...

This was your idea so you can help build and support it...

[font=Comic Sans MS][size=3][color=#0000ff]Something simple yet interesting to draw them in to take a look......
eelfranz's Aggressive 5Method

Cooking up pips with franz

Learn to trade from the Grand Poopaw
Could it be Man is trying to be something without knowing they're complete?
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