SRDC Episode I

Quoting OrangeRoshan

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GMT 00:00

Have a pipping day

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Quoting AlexFX

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Hey there"O",

Wonder if it possible to post some examples for people, maybe a little larger so they are easier to see. I also use IBFX but your candles look a little different.

All the best big "O"...

Alex

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Quoting OrangeRoshan

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I drew channel on H1 chart. The forum only allows 600x600, thats the largest i could do. Unless Jabba can help?

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Quoting AlexFX

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Hey there,

At the risk of boring the life out of you, what day and date are we looking at? I use IBFX as you do and the candles look completely different.

Cheers

Alex

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Quoting 4rex

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Orange and the gang

What is the reason for using candlesticks? Could we use bars or lines? Also it seems to me that using lines charts makes it easier to draw trends. Has anyone try it?

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Quoting 4rex

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Orange,


Thank you for your feedback. English is not my native language either. I was born in Cuba but I have lived in the U.S for many years so I am caught between two world culturally and otherwise. I like many others appreciate your efforts and contribution. I add this image in your honor:

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Quoting mikejody

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Greetings all,

I have read through all the posts now, and have to say that I am very unimpressed with this system, and am writing to warn people who are trading it live to be careful. I believe it is doomed to fail, to take your money, if traded without discretion, fundamentals, trend lines, etc. etc.

For instance, Orange has stated that stop losses for the cable should be up to 50 (30-50). If we are taking 5 pips profit then we have to have 10 winners for every 1 loser. In backtesting, this did not happen. I think this is the reason for all the EA's being developed, changed, tweaked, revamped, etc.

I am not saying this system cannot be traded successfully, but I am saying that Orange has been trading many years and depends upon much of his experience regarding fundamental analysis, trend line drawing (which he has not explained to us thoroughly) and even fibs and support resistance, and even moving averages (if you read through all the posts you will see that he uses all these indicators and methods).

The system will NOT work as OrangeRoshan describes it in one post, to just enter your orders and stop losses, go to bed and wake up with a fat account. Orange, I believe there is danger in this type of trading, and you need to warn people not to trade like this, as eventually the mathematics of this system will make us unprofitable. Simply 2 losses in a row with cable will require us to win 20.

So, if you are like OrangeRoshan, and able to put on moving average indicators, draw trend lines the way they should be drawn, filter in fundamental analysys before, during and after trades, only trade on Mondays and Fridays (except certain Fridays of course) and employ a healthy "gut level feeling" based upon years of experience, then this system may work for you.

However, I would surely not recommend simply putting in orders, with stop losses, and expecting your account to grow. This system is dangerous!

It hurts me to see people post things like, "OrangeRoshan, I tried your system last night and am up _____ pips. Wow, it's great!" The reason this hurts is because if they continue their 50 pip stop loss will eventually get hit, and possibly more than once. This system should be tested over months and/or years, and the results posted for all to see, not merely a one-time trade (or one week even).

I'm sure I will get some flames for this post, but my honest desire is simply to warn people not to part with their hard earned cash over a system that is mathmatically unsound and doomed to fail over the long run, unless you can employ fundamental analysys, trend lines, moving averages, fib levels, support resistance lines, weekly and monthly high lows, etc. and all the other indicators and price action and systems that OrangeRoshan uses for his many years of experience in trading.

OrangeRoshan, I thank you for making this system, at least your beginning post, simple. However, I think you are hyping this up and getting people excited about a system that people should be warned AGAINST instead.

This is just my opionion, thank you for reading.

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Quoting mikejody

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Greetings all,

I have read through all the posts now, and have to say that I am very unimpressed with this system, and am writing to warn people who are trading it live to be careful. I believe it is doomed to fail, to take your money, if traded without discretion, fundamentals, trend lines, etc. etc.

For instance, Orange has stated that stop losses for the cable should be up to 50 (30-50). If we are taking 5 pips profit then we have to have 10 winners for every 1 loser. In backtesting, this did not happen. I think this is the reason for all the EA's being developed, changed, tweaked, revamped, etc.

I am not saying this system cannot be traded successfully, but I am saying that Orange has been trading many years and depends upon much of his experience regarding fundamental analysis, trend line drawing (which he has not explained to us thoroughly) and even fibs and support resistance, and even moving averages (if you read through all the posts you will see that he uses all these indicators and methods).

The system will NOT work as OrangeRoshan describes it in one post, to just enter your orders and stop losses, go to bed and wake up with a fat account. Orange, I believe there is danger in this type of trading, and you need to warn people not to trade like this, as eventually the mathematics of this system will make us unprofitable. Simply 2 losses in a row with cable will require us to win 20.

So, if you are like OrangeRoshan, and able to put on moving average indicators, draw trend lines the way they should be drawn, filter in fundamental analysys before, during and after trades, only trade on Mondays and Fridays (except certain Fridays of course) and employ a healthy "gut level feeling" based upon years of experience, then this system may work for you.

However, I would surely not recommend simply putting in orders, with stop losses, and expecting your account to grow. This system is dangerous!

It hurts me to see people post things like, "OrangeRoshan, I tried your system last night and am up _____ pips. Wow, it's great!" The reason this hurts is because if they continue their 50 pip stop loss will eventually get hit, and possibly more than once. This system should be tested over months and/or years, and the results posted for all to see, not merely a one-time trade (or one week even).

I'm sure I will get some flames for this post, but my honest desire is simply to warn people not to part with their hard earned cash over a system that is mathmatically unsound and doomed to fail over the long run, unless you can employ fundamental analysys, trend lines, moving averages, fib levels, support resistance lines, weekly and monthly high lows, etc. and all the other indicators and price action and systems that OrangeRoshan uses for his many years of experience in trading.

OrangeRoshan, I thank you for making this system, at least your beginning post, simple. However, I think you are hyping this up and getting people excited about a system that people should be warned AGAINST instead.

This is just my opionion, thank you for reading.

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Quoting Harrywd

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Do any of the EA's just do the basics. Enter pending orders at the daily High and low with a stop loss and a profit target? I would like to try it. But, I do appreciate your info.

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Quoting OrangeRoshan

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Ok ok I agree. To all Padawans pls stop using this system as you have been warned by another trader who cares a lot about you more than I do.

and, all of you should listen to him, as he has more experienced and very very successful compared to me. Especially in win/loss ratio, trading psychology and of course my sharing style.

I apologise to everyone, as mikejody correctly pointed out to the jedi council, that I should have throw my 14yrs experience and tons of indicators in a single document so that everyone will be confused, opps sorry i mean informed. SRDC level 2 , 3 & 4 should have been taught immediatelly.

An I also apologise, for letting you guys take 5pips only.... ehhh... now hangon, I didnt teach that, I said, Get 5pips as a newbie until you understand the system more....then you can ride the profits. I think I mentioed that numerous time. Also use a demo account until you are ready and confident.

and i also strongly advise everyone to PM mikejody to seek the right trading method, as he is prepared to share it with everyone since he seems to know everything and right about me and all the padawans.

and, mikejody will also help newbies, and teach 100% in 1 document, not step by step on how to trade successfully like he does.

Please stop using this method, and switch to mikejody's method as his trading style will not hurt anyone and when he lose a trade it will be very easy to recover back. Must be an excellent strategy.

I also deeply feeling very remorsed about traders who has make pips. The truth, they were false pips, manufactured underground by me and my cousin.

as a final note, I deeply regret when anyone that uses my method and lose a lot of money or worst bankcrupt and have to sell their wedding ring just so that you can eat again. I will returned all you tution fees.... HANG ON, I never charged anyone! Forget about the returned money.... LOL

Mike, pls read all the posts again.

Confused, i am...

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Quoting OrangeRoshan

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Pls asked mikejody first as i may endup bankcrupting you. He will guide you fm now on..

May the force be with you.

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Quoting mikejody

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OrangeRoshan,

I am not saying your system won't work, I am saying it won't work as it is being hyped. "Simply enter your orders, set your stop losses, and wake up to a fat account." That is misleading. Explain 14 years of trading and over 12years of trading forex using fax and telex. Thats is exactly what we have been doing.A risk/reward sytem of 2000/1 will work, and it will work often, but it will fail in the long run. Your opinion is more dangerous to a new trader. Mind you, they are not stupid. They know, im just explaining them how simple the method is. Like I said, we did that using fax and telex? have you that experience? another thing pls read all the post, 5pips is not a must!! its merely showing a quality pips, where it can be taken as T! and break even at 0loss.

If this system is indeed successful then obviously it will continue for hundreds and hundreds of pages, It has been for 14years!! Do you have that track record or just judging me?as everybody learns that all you have to do is risk 50 pips and you'll make 5 every time, and you've found the holy grail. Foolish! I think you are, thinking you know everything about trading and not studying the postS thoroughly!

It would be nice if you could examine my points below, and not attack me just because I pointed out real flaws in your system. Thats arragonce talking mike. You cant judge a system without full understanding and reading all the posts. Attack me you can, attack you back, now its a crime.

Your post below smacks of sarcasm, so I won't respond to any more of it. I just want people to be much more careful than you are leading them on to be. There are many types like you. Who disagree with something and attacking ideas without any diplomacy and the real understanding of the real situation. I got emails more than your hairs who thank me for making pips consistently

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Quoting OrangeRoshan

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Now, since you are kind enough to save everyone thru your judgement of me, my question is, after critising, "WILL YOU GO FURTHER TO HELP THEM THE RIGHT WAY?" or you just critise and leave the newbies to ponder that they are wasting their time?

C'mon, help them all the way.... will you?

Show me your method and trading style and help everyone here, dont just bash and leave!! be responsible Mike!

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Quoting mikejody

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Or you could ask OrangeRoshan, but just understand that it does not work as he is stating here. You do not simply enter orders, set your stop loss, and wake up with a fat account. I dare you to try it (on demo of course) Just imagine it like sending it on fax.

Part of becoming successful in forex is not only risking some to make some but also not giving back what you have made. OrangeRoshan's hype is misleading. There are a lot of other things I said that explains why i said that. Obviously you are not READING ALL THE POSTS!!

If I am wrong, and Orangeroshan can provide accurate results for several months of risking 50 to get 5 Im not getting paid, why should I bother. Im sharing this system not to be Popular, but to get someone todo an ea for me (which I have alraedy found), then we should all jump on board immediately, for he has become smarter than any other trader in the history of Forex. Do you have a problem with that, or you want it to be you?

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Quoting OrangeRoshan

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Mike, this is a happy thread until you came. Noone here has paid me to use the method, its free. Your shallow understanding of my method has make you so negative. Pls read the thread from page 1 to latest page, then you will see, what you said is not true!!

Jedi sense a dark force!!

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