The best person to ask is OR. I am looking at him for my answers. But if you have a question for me or anybody else, don't hesitate, - the common goal is to learn and we help each other as much as we can here.
Cheers,
Cheers,
SRDC II Channel of the day 74 replies
Discussion on EA pertaining to SRDC methods 40 replies
Discussion on Indicators pertaining SRDC 62 replies
SRDC II Journal for All 11 replies
SRDC II Charts posting and discussion pertaining to it 37 replies
Quoting LohrDislikedI entered the AUD last night
H - .7888
L - .7837
Entry @ .7891 (spread +1)
High point of last night: .7894
So, no PT hit and a big loss due to news this morning.
If anyone is doing this still? Or is everyone over in SRDC II?
If anyone is doing this I'd like to know what was done wrong, if anything. I just started this 2 nights ago and it seems breakeven.
What gives?Ignored
Quoting LohrDislikedI entered the AUD last night
H - .7888
L - .7837
Entry @ .7891 (spread +1)
High point of last night: .7894
So, no PT hit and a big loss due to news this morning.
If anyone is doing this still? Or is everyone over in SRDC II?
If anyone is doing this I'd like to know what was done wrong, if anything. I just started this 2 nights ago and it seems breakeven.
What gives?Ignored
Quoting 4rexDislikedLohr,
I am not sure how experienced you are but I can tell you that trading at newstime is very risky and the spread is increased by most brokers. SRDC 1 is alive and well even those that are involved with SRDC 2 will trade SRDC 1. Read the thread join TeamSpeak where all levels are welcome and if you are a beginner I would suggest that you check the news calendar and stay away from trading during major news announcements. I hope this help
Good luckIgnored
Quoting lietuveDislikedLOL... I thought we are in a tread SRDC level 2.
What I've posted here are two charts put into one, so I don't have to switch between them, it's easier to spot the most important areas of decisions this way. Everything else, is of course, OR's logic the way I understand him.
Read the whole thread if you are a newbie. There is no "fast" way to know if you don't know the facts. BTW I am still learning too...
Cheers,Ignored
Quoting Mama007DislikedhI
Can anybody tell me which candle to use on a Tuesday to Friday - I know on Monday you would use the sunday candle to set up for Monday. But how do you progress for the rest of the week. Is the closing candle for the previous day or what and is the daily chart or the 1 hr chart?
ThanksIgnored
Quoting mjanep21DislikedHi, orange i have been reading this forum for days. I like your post, it has help me understand resistance and support which i can't reading professional ebooks. Your explanation is very simple and I would like to try your system. I am trading with a broker who has 10 pips spread. Aside from that my broker also gets $70 commission per trade I do. My deal with them cause they are the only local broker in our country. I would like to know how i can use your system on my broker. Please do enlighten me. I trade both GBP/USD and EUR/USD. 1 pip is equal to $10 for me also. Thank youIgnored
Quoting bapxyzDislikedTo Glenn6000 and mjamep21
Glenn; the EA is not avaiable, as you study you will learn why.
Ignored
Quoting mjanep21DislikedHi, orange i have been reading this forum for days. I like your post, it has help me understand resistance and support which i can't reading professional ebooks. Your explanation is very simple and I would like to try your system. I am trading with a broker who has 10 pips spread. Aside from that my broker also gets $70 commission per trade I do. My deal with them cause they are the only local broker in our country. I would like to know how i can use your system on my broker. Please do enlighten me. I trade both GBP/USD and EUR/USD. 1 pip is equal to $10 for me also. Thank youIgnored
Quoting brett1234DislikedHi all, newbie here. I have not read every thread but I did read the beginning and I do not see anyone clearly answering the question that is lingering in my little head. The instructions for this trade say:
<dir><dir>Draw support and resistance on any of the previous bar. For newbies and JaJa Binks, Support is the lowest price of the candle and Resistance is the highest price of the candle. Draw horizontal lines.
Do you see the next candle penetrating the lines?
</dir></dir>a. YES: That’s your trade
Forgive the dumb q but what is my trade? In other words, how many daily candles are we looking at? I know what support and resistance is, but what is being referred to in this trade? Usually S and R are based on weeks or even months of charts but I do not see where you enter a trade based on one day of a candle going above (for going long) ....what? Above the previous day or the previous obvious resistance level? For resistance levels on a daily chart, I would think that the number could vary by quite a few pips since no resistance number is exact if you are basing it on the resistance level of say, a few weeks ago. I hope there is a simple answer. Maybe someone could provide a screen shot with example trade? Thanks!
BrettIgnored