SRDC II Channel of the day

Hi Team,

In an effort to tidy up the main thread, ive made this thread for everyone to post their channel of the day so that everyone can learn and discuss it here. I like to leave the main thread as tidy as possible to help new comers learn more effectively.

Happy Pipping!!

Getting ready for tonight, how is that?

My 1h channel

Interesting tread. Is anyone using this as the only one treading method or combine it with something else?

We ONLY trade SRDC I&II here. It's all we need to make consistant pips.
May the force be with you.

Hello,

Please find attached my daily chart. I show what I belive to be the long term trend in black and short term trend in dashed black. How does it fair?

Thanks,

As with Pipsteve, on my hourly chart I am almost in agreement with a channel extending from the 5th of January. I've used standard LRC showing that price returned to the median at the end of day.

Any thoughts welcome.

Thanks,

Steve and Exastris,

I have the same 1hr channel. Initially I had it drawn from the beginning of the month and the difference is slight so I will settle for the one you guys have drawn.

Thank You

Hi 4Rex,

I'm still slightly confused by the chart here:

http://www.forexfactory.com/forexfor...04&postcount=2

I have asked Master Roshan for clarification on where to discuss this chart. I do not wish to cross pollute the threads. Perhaps you can review the noted post and reply to it in the thread it currently resides in. Also please note post #6 in the same thread.


I would welcome your thoughts, since it puts price on amuch different footing with respect to the channel.

Thanks,

I have problems with my eyes and their ability to look at bright screens, thus I always use black backgrounds for my charting. However, if one would like to print the thread for off computer reading, I will always use a link to my chart as to not use your ink . If there is a problem with this I will just designate one of my chart pages with a white background and only use it when I share pics.

My chart lines up well with the others, I have Lou and SHI indicators as well as LR channel drawn, all complimenting well with one another.

* Ignore the MA lines, they are not part of SRDC.

http://i136.photobucket.com/albums/q...kjay/171hr.gif

I wanted to contribute some info to this thread which may prove useful about channels and how to trade them.

Enjoy

AlexFX

Havent got around to making mine up yet. However here is some valuable info from Mohammed Isah right here at FF.

GBP Extends Its Downside Losses

GBPUSD-GBP extended its recent losses on Friday breaking below its .382 Ret/Mar’06 high/50 ema at 1.9337/06 and testing its rising trendline established since Mid-Oct’06.The pair has been declining following its recent failure at 1.9748/50 levels and subsequent break below its ST sideways trading range in place since early Dec’06.This development has switched the short term trend to the downside putting pressure on the its rising trendline currently at 1.9274.A break of here signals that a more extended losses towards its April’05 high/Nov 10’06 high at 1.9218/1.9177 is underway with a break and close below this zone triggering further weakness aiming at 1.9027/00, its .618 Ret (1.8522-1.9848 rally)/psychological level. Below here, the next barrier is its Nov 17’06 low at 1.8834.Its daily studies and weekly RSI are heading lower suggesting further downside price losses. On the upside, its .382 Ret/Mar’05 high at 1.9327/37 comes in as the immediate upside target with a break shifting the focus to its 50 ema/Dec 18’06 low/range breakdown point at 1.9410/60.On a close above here, further upside gains should target its Dec’04 high at 1.9552 where a sustained break above it would open the door for more gains towards its Dec 13&20’06/Jan 03’07 highs at 1.9727/50 ahead of its 14-year high at 1.9848 set in early Dec’06.On the whole, if GBP can hold above 1.9218/1.9177 levels, then it should recover quickly thereby setting the stage for a resumption of its primary uptrend.

PICTURES BELOW
http://img47.imageshack.us/img47/339...weekly1zv9.gif
http://img297.imageshack.us/img297/3...weekly2hh5.gif

Thank you CEO, for sharing that.

Hi there PipSteve,

Can you explain how did you make that nice shaded area going through the middle of your channel? I tried all the tricks with MT4 that I learned so far, but I guess I didn't learn enough of them yet

Thank you very much,
branac

Sure, I use the Equidistant Channel, and in the properties window, where you pick your color, choose 'Draw object as background'.
It took me a while to get the color right that I would like.

I hope that helps, don't hessitate to contact me with any other questions.

Good information, thank you so much.

Cool mate !!! Thank you !!

Here is my H1 channel using the original SHI auto channel tool.

Here is my D1 channel using the original SHI indicator.

Pipsteve,

Nice and great looking channel. I think you got the jis yeahhh.