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SRDC Episode I

  • #441
  • Nov 17, 2006 2:07am Nov 17, 2006 2:07am
Quoting pipraker
Jim... Using multiple frequencies is like using a zoom lens... you zoom in/out.

If the daily candle is green and the 60 minute candle is red, entering LONG is NOT going to make it easy to rake pips.

If the daily candle is red and the 60 minute candle is green, entering SHORT is NOT going to make it easy to rake pips.

Candle color tells you whether the buyers ( green team ) or the sellers ( red team ) have momentum.

Basically, this is saying trade when the colors line up. Wait or exit when they don't.

Look at the GBPUSD chart... Daily candle ( bottom candle ) is RED and the current 60 minute candle ( top candles ) is RED. But do you see that the previous 60 minute candle is GREEN and the current 60 minute candle started GREEN.

Had you gone short on GREEN, YOUR PIPS would have been raked away.

Excellent clarification, pipraker.

thank you very much

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #442
  • Nov 17, 2006 2:40am Nov 17, 2006 2:40am
Quoting pipraker
Demo? LOL!

I use my little account to test systems. Real money makes me focus.

Anyone can sink a foul shot in their driveway hoop. But try sinking a foul shot when the championship game is on the line with thousands of fans screaming and waving balloon thingies.

REAL MONEY = REAL RESULTS.
LOL......

Brilliant!! before i say this i better check the cupboard, or under the table, just incase someone is listening!!

Ok, its a question of affortability. Let me get this straight to everyone. Prepare to lose money!! and when you do, put it inside as your investment column, not as your expenses column. You can put a heading,"Tution fees". please never never never ever think you can get away without losing money and become rich in the end!!

Dear Traders and would be Millionaires and Billionaires;

Congratulations, you have entered the game of the big boys! The very rich! There are no rules except one, that is discipline! I must caution you that, this is not a get rich quick scheme, but a new trillion dollar aday industry. Please dont treat it like a laundy business or a burger stand corner. because when you think that way, I suggest you look to your left immediatelly and walk right now and never come back. There outside the door, you will see a big sign,"DARE TO DREAM, DARE TO TRY".

Prepare to lose money in the beginning. Feel nothing but relief as you are actually paying the big boys for bullying you. In between your journey, you might meet many "so call expert", they are actually agents recruited unconciously by the big boys to take your money away. They are nice and extremelly cautious trader. But make no mistake, this is not why you are in this game. You objective is to WIN WIn WIN! In the end, you will know how the big boys think and they will accept you, and bully the new freshman together.

One of our good agent will call you everytime you trade, his name is Mr. trend. He is your friend. He will guide you against another neutral agent. he call himself "Mr. Market".

In the case of emergency, pls cry and shed many tears. We would asked you to take a week's rest or even a month.

Since Mr. Market is ruthless, we would advise you to seek mentor/s on how to understand him. Let me remind you that, nobody is powerful enough to fight Mr. Market. He really knows his stuff. Word out there, he can speak multiple languages and hold many passports!

Anyway, as a final reminder, please use minimal risk as outlined by many. greed has no place in this industry. So maintain discipline.

Yours Truly;
Mr & Mrs Forex

What is your tolence to loss? How consistent are you in making positive pips? How calm are you when Mr. trend dissapear for a while?

This is an exclusive industry, pls think big and stay green!!

There......... i let it out. Dont complain and ask for pity. every trade you make is your decision. Everytime you lose money, ask the question."What can i learn from this?" when you make money, ask this question,"How can I improve myself more?".

lastly, Stay humble!! NO ONE, I mean No ONE in ths industry is the best or know everything. With good attitude and discipline.... you will make it!!

Now.... shoot me!!
Change Your Thinking. Change Your Life - JD
  • #443
  • Nov 17, 2006 2:50am Nov 17, 2006 2:50am
Quoting pipraker
Instead of using DAILY CANDLES, I prefer 1440 minute candles. Now I am in control when the day starts/ends.
The bigger the better. So is the Margin and you equity requirements. I have a few accounts riding on weekly candles doing carry trades and occasionally SRDC method level1&2.

This is the chart used by the big boys!!!

Forex, loving it
Change Your Thinking. Change Your Life - JD
  • #444
  • Nov 17, 2006 5:03am Nov 17, 2006 5:03am
OrangeRoshan,

I hope to see u here for a long time to come and also yr methods.. ha.

I find you very big-hearted, sharing yr methods and giving lots of sound advice.

I am always reading and taking down notes..

Thanks Jedi Roshan..
The future depends on what we do in the present.
  • #445
  • Nov 17, 2006 5:38am Nov 17, 2006 5:38am
Quoting compro99
OrangeRoshan,

I hope to see u here for a long time to come and also yr methods.. ha.

I find you very big-hearted, sharing yr methods and giving lots of sound advice.

I am always reading and taking down notes..

Thanks Jedi Roshan..
I am humble by your compliments.

Many years ago, I lost big time in a very big trade. Jumping out of the window seems easy. But, my parents prayer saves me.

I said to myself, "whenever i made it thru this, just recover back the losses, I will do my very best to help others". Recover, I did, and success, i have become.

Now, i have a promise to keep!

Thanks Jedi Compro99.
Change Your Thinking. Change Your Life - JD
  • #446
  • Nov 17, 2006 5:42am Nov 17, 2006 5:42am
OrangeRoshan,

Can you elaborate what is trading discipline ??

Everyone saying it but can you be more detailed. I think everyone here will benefit.
The future depends on what we do in the present.
  • #447
  • Nov 17, 2006 5:57am Nov 17, 2006 5:57am
Hello,

I have mixed feelings about what I am about to say but eventhough PIPRAKER has very informative and helpful information I think that he is moving us away from Orange's plan to go step by step. This thread was meant for beginner and for those who want to reevaluate their approach to trading by using more price action. So I and maybe other also would appreciate if you PIPRAKER try to stay in pace with the rest of us. IF you want to enhance ORANGE's method PLEASE DO IT IN A SEPARATE THREAD and call it PIPRAKER'S SRDC + and I for one when I am ready to do so will read and learn from your experience. In the meantime let us go at the pace and method that ORANGE has set for SRDC. I hope that in the spirit of helping you follow my advice.

Thank You
All 4 1 and 1 4 All
  • #448
  • Nov 17, 2006 6:00am Nov 17, 2006 6:00am
Quoting 4rex
Hello,

I have mixed feelings about what I am about to say but eventhough PIPRAKER has very informative and helpful information I think that he is moving us away from Orange's plan to go step by step. This thread was meant for beginner and for those who want to reevaluate their approach to trading by using more price action. So I and maybe other also would appreciate if you PIPRAKER try to stay in pace with the rest of us. IF you want to enhance ORANGE's method PLEASE DO IT IN A SEPARATE THREAD and call it PIPRAKER'S SRDC + and I for one when I am ready to do so will read and learn from your experience. In the meantime let us go at the pace and method that ORANGE has set for SRDC. I hope that in the spirit of helping you follow my advice.

Thank You
I definitelly agree with you!
  • #449
  • Nov 17, 2006 6:37am Nov 17, 2006 6:37am
Quoting 4rex
Hello,

I have mixed feelings about what I am about to say but eventhough PIPRAKER has very informative and helpful information I think that he is moving us away from Orange's plan to go step by step. This thread was meant for beginner and for those who want to reevaluate their approach to trading by using more price action. So I and maybe other also would appreciate if you PIPRAKER try to stay in pace with the rest of us. IF you want to enhance ORANGE's method PLEASE DO IT IN A SEPARATE THREAD and call it PIPRAKER'S SRDC + and I for one when I am ready to do so will read and learn from your experience. In the meantime let us go at the pace and method that ORANGE has set for SRDC. I hope that in the spirit of helping you follow my advice.

Thank You
I also agree. Am old and confuse easily.
  • #450
  • Nov 17, 2006 7:30am Nov 17, 2006 7:30am
Quoting 4rex
Hello,

I have mixed feelings about what I am about to say but eventhough PIPRAKER has very informative and helpful information I think that he is moving us away from Orange's plan to go step by step. This thread was meant for beginner and for those who want to reevaluate their approach to trading by using more price action. So I and maybe other also would appreciate if you PIPRAKER try to stay in pace with the rest of us. IF you want to enhance ORANGE's method PLEASE DO IT IN A SEPARATE THREAD and call it PIPRAKER'S SRDC + and I for one when I am ready to do so will read and learn from your experience. In the meantime let us go at the pace and method that ORANGE has set for SRDC. I hope that in the spirit of helping you follow my advice.

Thank You
I fully agree!
  • #451
  • Nov 17, 2006 7:54am Nov 17, 2006 7:54am
I asked OrangeRoshan if it was ok for me to post in his thread since our methods are very similiar and was given permission.

But since you don't want me posting...

BYE BYE!


Quoting 4rex
Hello,

I have mixed feelings about what I am about to say but eventhough PIPRAKER has very informative and helpful information I think that he is moving us away from Orange's plan to go step by step. This thread was meant for beginner and for those who want to reevaluate their approach to trading by using more price action. So I and maybe other also would appreciate if you PIPRAKER try to stay in pace with the rest of us. IF you want to enhance ORANGE's method PLEASE DO IT IN A SEPARATE THREAD and call it PIPRAKER'S SRDC + and I for one when I am ready to do so will read and learn from your experience. In the meantime let us go at the pace and method that ORANGE has set for SRDC. I hope that in the spirit of helping you follow my advice.

Thank You
THE GAME NEVER ENDS.
  • #452
  • Nov 17, 2006 7:59am Nov 17, 2006 7:59am
Quoting pipraker
I asked OrangeRoshan if it was ok for me to post in his thread since our methods are very similiar and was given permission.

But since you don't want me posting...

BYE BYE!
Pipraker

You have interesting views, please start a separate thread

howard
Regards
  • #453
  • Nov 17, 2006 8:09am Nov 17, 2006 8:09am
Pipraker,


Please start a new thread for those who are ready to learn from your perspective. Your contribution would be appreciated.


Thank You
All 4 1 and 1 4 All
  • #454
  • Nov 17, 2006 8:16am Nov 17, 2006 8:16am
OrangeRoshan and I had discussed this matter in PM.

Our methods are so similiar that I thought posting in this thread was appropriate and OrangeRoshan agreed.

To start another thread would add to the confusion.

Once again, I had asked the AUTHOR OF THIS THREAD for permission to post here and received it.

4rex, You are not the author of this thread. First you said you didn't want me posting here. Now you want me to start another thread? Me thinks you have overstepped your bounds.
THE GAME NEVER ENDS.
  • #455
  • Nov 17, 2006 8:20am Nov 17, 2006 8:20am
A shame that pipraker is "not allowed" to share his great thoughts here, just because a few members posts the apposite, pipraker come back pls!!!

FT


Quoting pipraker
OrangeRoshan and I had discussed this matter in PM.

Our methods are so similiar that I thought posting in this thread was appropriate and OrangeRoshan agreed.

To start another thread would add to the confusion.

You said you didn't want me posting here. So be it.
  • #456
  • Nov 17, 2006 8:23am Nov 17, 2006 8:23am
I will wait for OrangeRoshan, author of this thread, to post what should happen next. I don't have to post. I can just go back to my pip raking.

Quoting fingotrader
A shame that pipraker is "not allowed" to share his great thoughts here, just because a few members posts the apposite, pipraker come back pls!!!

FT
THE GAME NEVER ENDS.
  • #457
  • Nov 17, 2006 9:25am Nov 17, 2006 9:25am
Quoting pipraker
I will wait for OrangeRoshan, author of this thread, to post what should happen next. I don't have to post. I can just go back to my pip raking.
Pipraker

I've been doing a close research on both methods and my humble opinion is that they are very similar and could be a nice complement one to the other

Hope not to offend anybody just my point of view

my first post here

Orange

I sincerely hope you have all the blessing a man could have for sharing with us your system

If you kindy answer my concern here as follows:

I am having excellent results with your system. No questions ask.

But my concern is that, for 5 winers, I have 1 loser that will eat most of my profits due wider stops. I know stop-losses has been something that some people here has debated here and there. I an not in a position to argue just to see if we can find a balance between stop-losses and take profits.

Maybe an idea would be traling the stops to take advantage of the whole movement during the day. That way we could balance out and compensate for the losses.

Please Orange, my apologies in advance if my tone sounded a little contrarian as it was not my intention to be

may the force be with you dear master

be blessed
  • #458
  • Nov 17, 2006 9:32am Nov 17, 2006 9:32am
Pipraker

Thank you so much for sharing your strategy. One question

You're using the body of the candle to establish bias and 60 minutes charts for entries(please correct me if I'm wrong)

Do you need for the day to "mature" in order to establish the bias? Maybe would be advisable to use New York opening I assume

Thanks my friend
  • #459
  • Nov 17, 2006 9:32am Nov 17, 2006 9:32am




Quoting pipraker
No comment necessary.
  • #460
  • Nov 17, 2006 12:32pm Nov 17, 2006 12:32pm
Hmmm. Pipraker is now banned?

I thought everyone was civil. He had interesting thoughts.

Didn't see that one coming I'm afraid.
Don Life is expensive, but includes a free trip around the sun.
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