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eelfranz replied Jan 30, 2011qprfc... I have years of studying charts and PA. What I look for if I'm on the chart to exit: If the wick on the top candle has withdrawn 5+ pips I exit. Is the last candle weak... no momentum to speak of... I exit If the green line is starting to ...
Craig Harris Stochastics Method
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eelfranz replied Jan 30, 2011bigjim, 1st candle to cross the 5 ema and close is the set up candle... if 2nd candle opens the same color it's the entry candle... check your tdi also. This is the safest method... If I have an earlier entry it's due to my experience using the 5 ...
Craig Harris Stochastics Method
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eelfranz replied Jan 30, 2011Looking at all 8 pairs I monitor... all had good trades last night and it's really easy to see them on the TDI as well using the magenta line on the 50 line....
Craig Harris Stochastics Method
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eelfranz replied Jan 29, 2011I'm trying a change on my chart to see how I like it. On the TDI it's recommended to wait for the green line to be over the 50 line and over the red and yellow to go long and vise versa to go short. I took a horizontal line... made it triple ...
Craig Harris Stochastics Method
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eelfranz replied Jan 29, 2011Android, All time frames are great to trade the 5 method on. I just don't want to sit in front of a fast chart anymore... I get bored easily anymore.
Craig Harris Stochastics Method
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eelfranz replied Jan 29, 2011Android, Dean Malone from compassfx.com recommends: Long Trade on TDI - Green over 50 line, over red & yellow lines. Short Trade - Vise Versa This works a high percentage of the time... for me... When your home turn on your 1 hour chart(s) and just ...
Craig Harris Stochastics Method
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eelfranz replied Jan 29, 2011Android, Your Question: So can you tell me what is the average pips to hunt in 1hour TF and what is the SL? On the pair you like to trade... use that chart and the cross hair and measure how many pips an average candle runs on your 1 hour chart. ...
Craig Harris Stochastics Method
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eelfranz replied Jan 28, 2011Big Jim, Make it: 5, ema, shift 3, Typical...
Craig Harris Stochastics Method
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eelfranz replied Jan 28, 2011The cross over indicator is not part of the 5 method. It is pretty accurate for entries however. Some traders will use it as a crutch until they become more experienced. I hope the 5 method tpl. helped... it's right out of my template file.
Craig Harris Stochastics Method
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eelfranz replied Jan 28, 2011Example of tdi & Stochs going opposite directions...
Craig Harris Stochastics Method
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eelfranz replied Jan 28, 2011A/U - Also note TDI & Stochs hooking over... Last nights trade ...
Craig Harris Stochastics Method
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eelfranz replied Jan 28, 2011I've explained this before... but... I went to compassfx.com and downloaded their free Synergy System. It gave me the template with the HA Candles plus the TDI. I then removed their two yellow lines on the chart... and put back on the chart my 5 ...
Craig Harris Stochastics Method
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eelfranz replied Jan 28, 2011Big Jim, I've had several people tell me that before buddy. Below I'll post my template and a few indicators:
Craig Harris Stochastics Method
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eelfranz replied Jan 28, 2011Big Jim, #1 in importance is PA, #2 is the TDI for confirmation & Stochs is just an indicator I note. If TDI & Stochs are oppositre... I may pass on the trade...
Craig Harris Stochastics Method
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eelfranz replied Jan 27, 2011GBP/JPY - Repeated trades at the London Open
Craig Harris Stochastics Method
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eelfranz replied Jan 27, 2011Another great trade - Entry @ 11pm Pacific - GBP/JPY - again on tdi... green above 50, red & yellow. Long trade.
Craig Harris Stochastics Method
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eelfranz replied Jan 27, 2011Marked chart - note tdi reading and position... EUR/JPY
Craig Harris Stochastics Method
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eelfranz replied Jan 27, 2011Look at this beautiful trade for last night... Long trade - Started about midnight Pacific time (-8) - JPY pairs are usually pretty good - again the best trades are normally between midnight and 10am Pacific time - check out the tdi... green over 50 ...
Craig Harris Stochastics Method
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eelfranz replied Jan 27, 2011NeoRio, One of your greatest joys in life is razzing me...
Some of the trades were taken on a demo account like the chart shows... I've run out of places to hide all the money...
. Whats important is showing where to enter and why... and ...Craig Harris Stochastics Method