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Craig Harris Stochastics Method

  • #4,421
  • Apr 25, 2011 1:30am Apr 25, 2011 1:30am
Thanks Big E. Posting the chart was more practice for me really so when I ask questions etc people can easily see what im talking about.
Question to you regarding the above attached chart.
Green crossed red, If I understand correctly if the next Candle opens the same color you enter the trade.
In this example Ive noticed prices moved against the position almost straight away, you would exit with a few pip loss? Then look to rejoin the market at a more favorable time ?

Cheers

Steve
  • #4,422
  • Apr 25, 2011 3:27am Apr 25, 2011 3:27am
Hi eelfranz,
New to this thread. I like the progress here. I'll be implementing your method this week to my trading. The nice thing about this style of trading is you can be a 5min scalper to a swing style or EOD trader. Congratulations and many pips to you and all who follow your method.
  • #4,423
  • Apr 25, 2011 8:20am Apr 25, 2011 8:20am
Hi Mr. Big E:

My 15m demo trade scored about 65% but usualy ended up with very few pips because it was usually stopped out by trailing stop. In general over all the balance is positive. I rourtinely put a trailing stop and SL right away.

Question is should the trailing be established right away or put it on after it has profit in order to improve profit?

Your faithful follower,

Adong
  • #4,424
  • Apr 25, 2011 8:47am Apr 25, 2011 8:47am
Adong,

I was using a $50.00 stop on the 4 hour chart. But I've been
taken out a couple times just to find that the market turned
at that level in my direction and caused me to take a loss.

So I've opened up my hard stop to $100.00 or no stop at all
and I started to make some hugh gains. For example + $250.00.

I think I would use a big hard stop something like $100.00
Hope my opinion helps you.

tks

snarlyjack
  • #4,425
  • Apr 25, 2011 2:16pm Apr 25, 2011 2:16pm
Srj...

Hey buddy. Thanks for posting the chart.

Your grabbing a rule from the 21/233 method 1st of all... I would have entered at the beginning of candle #2 on your 1hr chart trade. When your on that timeframe you have to monitor the trade all the time. If green goes flat, starts to hook over or does a check mark reversal you should consider exiting.

The market has been bad for trading generally since last Thursday because people leaving for the Easter holiday and it probably won't pick up good until Tuesday this week with a few exceptions here and there.

Best not to trade a day or two before any holiday and return a day or two after the holiday... look back at old holiday charts...

And yes... if it starts to pull back on me I'll jump out to save my current profit and re-enter if it's continuing. It's easy to lose 10 pips. If I'm trading the E/U it only cost 2 pips to re-enter as an example.

If candle #2 had a pullback and I'm in on candle 3... Right away I'm checking to the left to see if I'm at Supp/Res levels... if so that may mean were going to get another pullback on candle 3.
  • #4,426
  • Apr 25, 2011 2:31pm Apr 25, 2011 2:31pm
Alex.... Welcome aboard buddy. Keep it simple... When green crosses red... enter at the beginning of that candle. Make sure it's candle #1 or 2... otherwise pass and find another trade unless it's a bounce trade. Always look left to make sure your not trading into a close supp/res level. You know the exit rule from the previous post... hope you trade the 4hr chart and make gobbs of pips... Big E
  • #4,427
  • Apr 25, 2011 2:46pm Apr 25, 2011 2:46pm
Adong,

Currently I don't use a trailing stop on any of my trades. I certainly wouldn't on a 15min chart... but that's just me.

When I traded the 15min charts... After placing the trade the first thing I'd do is open it up and click "close the trade". A box would pop up on the left side of my screen. If the trade started pulling back on me I'd click Exit The Trade. It's fast and you'll save pips.

If you can... try moving up to 30 min or 1hr charts using the same entry/exit rules... When you get use to it then move up to the 4hr charts.
  • #4,428
  • Apr 25, 2011 3:19pm Apr 25, 2011 3:19pm
Title Idea:

Success in 4 - 6 Weeks: TDI_45 Method
  • #4,429
  • Apr 25, 2011 3:41pm Apr 25, 2011 3:41pm
I'm a little afraid to refer others to our thread here because as you can see that the simple rules get confused with other methods we've discussed... so when we start the new one I think we'll do it from scratch...

Thank you to everyone jumping in to help our traders and their questions... That shows the quality persons you are and that you care about the success of others as well as your own. As far as I'm concerned your on the top of the heap and 5% of traders... and I really mean it...
  • #4,430
  • Apr 25, 2011 4:09pm Apr 25, 2011 4:09pm
Quoting eelfranz
I'm a little afraid to refer others to our thread here because as you can see that the simple rules get confused with other methods we've discussed... so when we start the new one I think we'll do it from scratch...

[font=Comic Sans MS][size=3][color=#0000ff]Thank you to everyone jumping in to help our traders and their questions... That shows the quality persons you are and that you care about the success of others...
Wow that is pretty encouraging Thanks!

I agree we should start from scratch. This thread will always be here if anyone wants to take the time and find it. The Birth Place of The 5Method.
Could it be Man is trying to be something without knowing they're complete?
  • #4,431
  • Apr 25, 2011 5:28pm Apr 25, 2011 5:28pm
[quote=eelfranz;4569324]
The market has been bad for trading generally since last Thursday because people leaving for the Easter holiday and it probably won't pick up good until Tuesday this week with a few exceptions here and there.

Best not to trade a day or two before any holiday and return a day or two after the holiday... look back at old holiday charts...


It was a tough trading day Friday for sure and now I understand why so thanks for this tip!
  • #4,432
  • Apr 25, 2011 5:37pm Apr 25, 2011 5:37pm
OK... we've made the jump... we are now in Trading Systems under "Trading Made Simple"... I want to invite you all and lets build this new thread together... I'm depending on you... Let's kick bootie... Big E
  • #4,433
  • Apr 25, 2011 5:43pm Apr 25, 2011 5:43pm
Thank you all for the name ideas... there was so many good ones for consideration... it was hard to select but I wanted to let people know there is a simple way in FX to win and prosper...
  • #4,434
  • Apr 25, 2011 10:13pm Apr 25, 2011 10:13pm
Dear MR. Big E.:

Thanks for your quick reply!

I rather enjoy trading the 15m TF because I am retired and this is like a hobby to me. Also I am very impatient and would be bored to death with higher TF.

I tried the 4hr and daily but I ended up with huge losses and have to let it run for days hoping it will become profitable. I have'nt found the niche yet!

Today I made 28 trades with 5 losses using the 15m TF and gained about 12%.

Thank you again!

Adong
  • #4,435
  • Apr 28, 2011 7:15am Apr 28, 2011 7:15am
I live in Toronto.

Adong
  • #4,436
  • May 18, 2011 3:59am May 18, 2011 3:59am
can someone help me understand stoch , my understanding of stoch is that the overbuying and selling is calculated based on the closing price , high and low point of the candle.

if %D = 3 period moving average of %K
then what do the value in boxes of the mt4 custom indicator means ? what do the slowing mean ? please explain to me ...

i have attached a picture of what i am trying to understand.

http://upload.wikimedia.org/math/4/c...565fd381e9.png

The Stochastic oscillator is calculated:
Where
Price is the last closing price
LOWN(Price) is the lowest price over the last N periods
HIGHN(Price) is the highest price over the last N periods
EMA3(%D) is a 3-period exponential moving average of %K.
EMA3(%D − Slow) is a 3-period exponential moving average of %D
Attached Image (click to enlarge)
Click to Enlarge Name: bbb.JPG Size: 110 KB
  • #4,437
  • Jun 16, 2011 2:55pm Jun 16, 2011 2:55pm
Did anyone get the tdi cross arrows working? it's crashes my mt4...
  • #4,438
  • Jun 18, 2011 11:19am Jun 18, 2011 11:19am
Quoting cyberevil
Did anyone get the tdi cross arrows working? it's crashes my mt4...
Works for me
Attached Image (click to enlarge)
Click to Enlarge Name: ex_010.gif Size: 45 KB
OPPORTUNITY IS NOWHERE
  • #4,439
  • Jun 18, 2011 11:36am Jun 18, 2011 11:36am
I have had no problems either.
  • #4,440
  • Jun 25, 2011 12:01am Jun 25, 2011 12:01am
Quoting tankokjian
can someone help me understand stoch , my understanding of stoch is that the overbuying and selling is calculated based on the closing price , high and low point of the candle.

if %D = 3 period moving average of %K
then what do the value in boxes of the mt4 custom indicator means ? what do the slowing mean ? please explain to me ...

i have attached a picture of what i am trying to understand.

http://upload.wikimedia.org/math/4/c...565fd381e9.png

The Stochastic oscillator is calculated:
Where
Price is the...
Read this - http://stockcharts.com/help/doku.php...stic_oscillato

or put "stochastics explained" in Google and you will have overload of information to help you
OPPORTUNITY IS NOWHERE
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