Craig Harris Stochastics Method

Sorry, should include screenshot, so you can see what it should look like. You can always add stuff, or change the template to your liking.

Took a trade on the EUR/GBP today...

http://oi51.tinypic.com/1zn632w.jpg

Exited 60 pips up. Great

Out of interest, why did you exit? Good decision as it turned out.

I only made one trade today (below) which finished 10 pips ups. It did go up about 60 pips at one stage, so I set a 50 pip TSL and moved my SL up to BE. Then I exited on the reversal signal on candle 4 with my ten pips. Guess I could have exited on candle 3 when the green TDI hooked over. I think the distance of PA from the 5 EMA and green from the red line encouraged me to stay in. Maybe its better to take bites out of the market, you can always re-enter after all.

I got out because I was also going out and didn't know if I'd be back today to monitor the trade. So no real reason really. Looking at it now tdi is hooking up and I'd be out now anyway with 40 odd pips. Also we're in a general uptrend, not that I pay too much attention to that.

Do you wait for the candle to close before you take the trade or do you take the trade as soon as you see the green crossing red on the TDI.

Well... while the cat is away the mice do play I see...

Where are all these extra indicators coming from? This is a powerful simple system that works just like I've shown you. I remember posts where I was told that it just had to be more complicated... but it's not. Any additional templates or indicators will influence your decision making..

On the TDI I enter when green crosses red after checking out the PA, hi/lo, Stoch and then make my decision...

One chart above had 40 hours in a small channel but the TDI was pointing up a little from the 32 line... Personally I saw flashing yellow lites on the PA. Right or wrong I would'nt have entered at that time... I'd find a cleaner chart... There are lots of trades always so if you miss one... so what. Bet on the safer charts.

The reason I want you to enter when green first crosses red or when it bounces is because that's when you have momentum normally... better odds in your favor.

If you select the right chart and crossing you won't settle for 10 pips profit unless your neighbor is out front giving out free gold bars. I've taken a few like that while I was learning.

Any of you want to take over this thread? Let me know and I'll leave quietly... You got ideas... PM me and don't just tack them to the thread please... it starts to confuse others trying to learn.

That's my two cents for today...

Hi Big E,

Just wanted to lend my support. I think this system rocks! As far as other indicators being added... I really hate to see it happening. I know everyone is just trying to make this system their own by adding stuff but it really doesn't seem to need anything else... just practice. I am still waiting for someone to mention something about adding an EA. I personally hope that doesn't happen. Seems like on every other thread I have followed in the past as soon as an EA is introduced the system seems to go downhill for whatever reason. Keep it simple and follow Big E's advice. That's all is needed. Just my 2 cents.... Tony

[quote=eelfranz;4564445]Well... while the cat is away the mice do play I see...

Where are all these extra indicators coming from? This is a powerful simple system that works just like I've shown you. I remember posts where I was told that it just had to be more complicated... but it's not. Any additional templates or indicators will influence your decision making..

On the TDI I enter when green crosses red after checking out the PA, hi/lo, Stoch and then make my decision...

One chart above had 40 hours in a small channel but the TDI was pointing up a little from the 32 line... Personally I saw flashing yellow lites on the PA. Right or wrong I would'nt have entered at that time... I'd find a cleaner chart... There are lots of trades always so if you miss one... so what. Bet on the safer charts.

The reason I want you to enter when green first crosses red or when it bounces is because that's when you have momentum normally... better odds in your favor.

If you select the right chart and crossing you won't settle for 10 pips profit unless your neighbor is out front giving out free gold bars. I've taken a few like that while I was learning.

Any of you want to take over this thread? Let me know and I'll leave quietly... You got ideas... PM me and don't just tack them to the thread please... it starts to confuse others trying to learn.

That's my two cents for today...

Hi Big E,

Firstly I would just like to say a big thank you to you sir! Ive been lurking here in the background absorbing everything you've been teaching for a few months now, and all I have to say is your system is fantastic. DON'T STOP !!

Bear with me for a moment.
Often in the past my analytical way of thinking has lead me to a Break even account at best. Often over analyzing the market (before I found yours) and ultimately making the wrong choices.

The other day, my brother was over and he saw my charts. Ive talked a little to him about Forex etc, but he hasn't really taken an interest, until now !!

Funny thing was It wasn't until I sat down with him to "teach " him what I was doing (following your system) that a light bulb went off for me. I actually "got it" for the first time myself. It's really as simple as you want to make it, adding to your point above about all these extra indicators. Thats been a part of my problem of making things more complicated than they really need to be.

Anyway, Ive now decided to focus trading your system exclusively for the next month watching the 1H/4H charts only. Preferably just the 4H charts, but sometimes those hourly charts can look really good giving excellent results.

I had a couple of nice successes yesterday and when I figure out how to post the charts here using MT4 Ill do it hopefully adding to the forum.

P.S...also as healthy competition I cant let my little brother get better at this than me now....

Cheers

Steve

Hi Eelfranz,

This is my first post, I would like to say that I have read the entire thread and it has been educational and entertaining but the best part is that there is a strong support from everyone especially You and that’s hard to find. I have tried many different tools and other services, but I have not found something so simple, that I can follow.


You are correct the more signals and indicators it will clog the graphs and your decision. The KISS approach works great. Keep It Simple St*pid.

I will be posting my demo trades soon and I would like to follow the great master of this simple system that he created for us, and provide additional feedback.

Thank You and may God Bless you with an abundance of Pips !

Rich

The Simple 5 Method

Hitting Home Runs with The "E"asy 5

Grand Slam pippin with "The5Method"

Olympic 5 Method- could use the five rings as signature

Get your pips back with the "TDI 5"

Kick Forex In The Rear-Put Your Trading in "Fifth" Gear! ---- The 5 Method

Powerful 5 Keeps You Alive

Powerful Simple System- "The 5"



Still thinking...

Thanks BigE for all your help recently. The entry side of things is very clear now for me. The side I need to improve on is my exits and my trade management.

Am I right in saying you advise setting your SL a few pips above/below the high or low of the previous swing. Monitor the trade on the formation of each 4HR candle, if there is any "hook/flattening" of the TDI strongly consider exiting. If you cannot monitor each 4HR candle move your SL up to BE and set a 50 pip TSL.

Just a thought . . .

Considering where BigE started this thread's journey to where it now is
($$), I think an appropriate name for it could be:

"BigE's ___________ Method," BUT since he doesn't want his name associated with it, I guess an abreviated version could work:

THE ASSIMILATED TDI METHOD

Definition of ASSIMILATE:

transitive verb
1
a : to take in and utilize as nourishment : absorb into the system b : to take into the mind and thoroughly comprehend

2
a : to make similar b : to alter by assimilation c : to absorb into the culture or mores of a population or group

3
: compare, liken

intransitive verb
: to be taken in or absorbed : to become assimilated



Afterall, in true Borg fashion, the original Dean Malone Method was assimilated by the CH Method, which was assimilated by BigE into the 5_233/21_233 Methods, to where we are now - the golden pot at the end of the rainbow!

AND, if for no other reason(s) to name it THE ASSIMILATED TDI METHOD then just because "RESISTANCE IS FUTILE," and Seven of Nine IS STILL HOT!

My favorite thus far is "The Wheelbarrow Method".

However, let me offer this one: "Simplified TDI Approach (STDIA)".

Hey Bid E,

Just want to say thanks for this thread...been read everthing about the CH meathod and your method and using my demo account to test both. They are quite simple and seems as if they can be very successful. Will be posting copies of my trades soon.

Thanks again big guy

Jam

Well, if we're going for acronyms, then I'll stand by THE 'A'SSIMILATED 'T'DI 'M'ETHOD as in ATM machine

All your ideas give me a good laugh and bring a smile to my face... thanks everyone... I appreciate it.

One of the reasons I haven't opened the new thread is because it's a hell of a lot of work on my end... researching, posting, training and in my medical state I'm wondering if I can handle that much... Trust me when I say I'm not looking for FF Glory... no statues in my closet.

Are you all ready & willing to pitch in and help me? Make it OUR THREAD ! Answering questions and making suggestions to new people? Can I count on you... I'm not kidding. When you do that you also learn faster and make more pips. Worked that way for me ( Like Sjr says:Funny thing was It wasn't until I sat down with him to "teach " him what I was doing (following your system) that a light bulb went off for me. I actually "got it" for the first time myself. It's really as simple as you want to make it, adding to your point above about all these extra indicators. Thats been a part of my problem of making things more complicated than they really need to be.)
.

Feedback please... I'll still do training and help...

Steve,

Do you want me to give you a call to teach you how to upload charts? If so PM me with your phone number and best time to call.

Chews,

It's important to pay attention to the general trend so you know where the most momentum is likley to be for longer trades...

Kobe,

I like to enter the trade when the new candle appears and the green crosses red... grab the momentum.

adsanders...

I don't use EA's nor do I like them. Your a lot smarter than they are and you'll make many more correct decisions... that they can't make. Just stick with our simple method... using your eyes and brain to achieve success the simple way.