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SRDC Episode II

  • #101
  • Nov 26, 2006 7:18pm Nov 26, 2006 7:18pm
Quoting Lou G
Below see the Monday chart for Eurusd with the new channel drawn as of midnight. Looks good to me, how about you?

Best,
Lou
Hey,

I thought the channel drawn on the H1 should reflect the chart on D1. This is so we can get an idea of where the price action is at a lower level based on Daily candles, someone correct me if I'm wrong.

Alex
  • #102
  • Nov 26, 2006 8:01pm Nov 26, 2006 8:01pm
Master Jedi

So i took the sunday candle method, i took a short,
and t1 got hit, i then moved stop to b/e for rest of positions for safety
as i'm new to this stuff, b/e then got hit, do you move your stop to b/e
on remaining postions after t1 is hit, or do you keep the 50 pips stop, if so at what point do you move to b/e, or do you do this differently depending on the circumstances and price action.

Thanks
I'm starting to get some easy pips. Today was so easy.
  • #103
  • Nov 26, 2006 8:06pm Nov 26, 2006 8:06pm
Quoting AlexFX
Hey,

I thought the channel drawn on the H1 should reflect the chart on D1. This is so we can get an idea of where the price action is at a lower level based on Daily candles, someone correct me if I'm wrong.

Alex
I thought that too at first but a later post by the Master Jedi set me straight. In this method we are supposed to use both daily and 1hour and they are supposed to be different. Daily for long-term, 1 hour for short-term.
Old Benjamin was right
  • #104
  • Nov 26, 2006 10:46pm Nov 26, 2006 10:46pm
Quoting Lou G
Below see the Monday chart for Eurusd with the new channel drawn as of midnight. Looks good to me, how about you?

Best,
Lou
Gap fade?
  • #105
  • Nov 27, 2006 1:47am Nov 27, 2006 1:47am
Quoting Mr Smith
Master


Looks like there will be srdc 2, shorts, after sunay candle is a up candle,
any reason why this is not a valid entry to short?

may the pips be with you
Yes, I short my orders and HIT T1 on SRDC 2 making around 50pips. Sweet!! Ive move to Breakeven. No matter what happens, -ve pips will stay away from me today.
Change Your Thinking. Change Your Life - JD
  • #106
  • Nov 27, 2006 1:48am Nov 27, 2006 1:48am
Quoting Lou G
Below see the Monday chart for Eurusd with the new channel drawn as of midnight. Looks good to me, how about you?

Best,
Lou
Perfect!! A very Jedily Chart!!
Change Your Thinking. Change Your Life - JD
  • #107
  • Nov 27, 2006 1:51am Nov 27, 2006 1:51am
Quoting AlexFX
Hey,

I thought the channel drawn on the H1 should reflect the chart on D1. This is so we can get an idea of where the price action is at a lower level based on Daily candles, someone correct me if I'm wrong.

Alex
Yes and NO.

The true trend is Daily chart. H1 chart shows the daily movement of D1 candles. We use H1 to catch the dip and bounce of the daily trend.

May that pips
Change Your Thinking. Change Your Life - JD
  • #108
  • Nov 27, 2006 1:53am Nov 27, 2006 1:53am
Quoting Mr Smith
Master Jedi

So i took the sunday candle method, i took a short,
and t1 got hit, i then moved stop to b/e for rest of positions for safety
as i'm new to this stuff, b/e then got hit, do you move your stop to b/e
on remaining postions after t1 is hit, or do you keep the 50 pips stop, if so at what point do you move to b/e, or do you do this differently depending on the circumstances and price action.

Thanks
I'm starting to get some easy pips. Today was so easy.
Market is still holidayish. So its uncertain. Take what you have and rest for the day.

Like I said, 50-100pips aday is doable with SRDC I & II

Pips anyone?
Change Your Thinking. Change Your Life - JD
  • #109
  • Nov 27, 2006 1:56am Nov 27, 2006 1:56am
Quoting NextZillion
Gap fade?
A 4times a year occurances. Much like Jabba's exercise routine, quiet Rare.

Jogging anyone?
Change Your Thinking. Change Your Life - JD
  • #110
  • Nov 27, 2006 2:03am Nov 27, 2006 2:03am
Quoting OrangeRoshan
Yes, I short my orders and HIT T1 on SRDC 2 making around 50pips. Sweet!! Ive move to Breakeven. No matter what happens, -ve pips will stay away from me today.
Jedi Roshan,

I assume u were trading the GBP. I cant see a 50pips on T1 if is based on yesterday open. Even yesterday low wouldnt get u 50 pips. How did u get the T1 ?
The future depends on what we do in the present.
  • #111
  • Nov 27, 2006 3:33am Nov 27, 2006 3:33am
Yes GBPUSD

I entered at 1.9404 based on the H1 Trend Line. Thats the point it hits the Top Trend. When I see the Gap, i expect a correction, so I waited then enter a short trade and exit at T1, Yesterday's High 1.9350.

My T2 was at 1.9309. based on H1 lower trend. Now its bouncing Up to the median again.

Pipastic!!
Change Your Thinking. Change Your Life - JD
  • #112
  • Nov 27, 2006 3:43am Nov 27, 2006 3:43am
I entered at 1.9404, T1 is at 1.9305 (yesterday's high) and moved my SL to Breakeven (1.9404). Then get my T2 at 1.9309 which almost touches the lower channel.

See the charts!! I have other trades going on but based on other levels!!
eg: Reverse the trade at my T2 (1.9309) and exit at 1.9378 (median).

Isn't it Fantastic!!
Attached Image
Change Your Thinking. Change Your Life - JD
  • #113
  • Nov 27, 2006 3:47am Nov 27, 2006 3:47am
So far Ive made a total of 180pips on T1 & T2 and my reverse trade!!

Practice this method diligently, and it will Pips!!

May the force be with you.
Change Your Thinking. Change Your Life - JD
  • #114
  • Nov 27, 2006 3:49am Nov 27, 2006 3:49am
I got to salute u...!!! U got it almost perfect... mainly that was good planning and experience at work. Thanks for the clarification, Jedi Roshan.
The future depends on what we do in the present.
  • #115
  • Nov 27, 2006 3:56am Nov 27, 2006 3:56am
Quoting compro99
I got to salute u...!!! U got it almost perfect... mainly that was good planning and experience at work. Thanks for the clarification, Jedi Roshan.
No problemo.

Anyway, right on last weekdays, Ive explain to everyone to reverse the sunday candle, This alone made about 90pips!!

Look at the movement of the H1 candle. Its dancing along the High trend, median, Low trend, median....... just as expected. Its not rocket science!! Its simply how the big boys play the game!!

In other thread, many months ago, i explain, harvesting 100++ pips on a single candle. This is it!!

Pipping the SRDC way!!
Change Your Thinking. Change Your Life - JD
  • #116
  • Nov 27, 2006 4:22am Nov 27, 2006 4:22am
Hi All,

Look at the candles, its always dancing between the trend. It will usually settle at the median almost every end of the day. Thats a very powerful piece of Jedi Information. One that can get you to the next Milkyway.

Never trade at the Median, Thats TP. Wait until it touches the Top or Bottom Channel, than trade reverse!!

I hope That helps!!
Attached Image
Change Your Thinking. Change Your Life - JD
  • #117
  • Nov 27, 2006 4:54am Nov 27, 2006 4:54am
The RED is sell, BLUE buy and GREEN is TP.

Look at the charts!! Isnt it Pipastic!!

When you know how the Big boys think, its very easy. They got so much too lose compared to many. So they play by the rules. Breaking the rules will cost them their investor's money and eventually their reputation.

They play golf together, lunch, dinner. They went to the same club and they acted collectively. They play by a set of rules, that is dancing in the Trend!!

Althrough, News or fundamentals change trend, but most of the time, Trend is more powerful than news. But, should a trend is broken and a new wave of channel is forming, thats the time, when the really big boys told the big boys, "Hey, we are changing channel, wanna follow?'

They are the ones who made the TREND!!

Really Big Boys: Banks & Govt
Big Boys: Big Fund Manager
Boys: Jedis
Freshmen (who got bullied): Newbies who read a few books, run on demo a few years, and opened a mini account and think they know everything!!

Which one do you want to be???
Attached Image
Change Your Thinking. Change Your Life - JD
  • #118
  • Nov 27, 2006 5:22am Nov 27, 2006 5:22am
Fantastic...that's all I can say. Thank you for sharing it Jedi Master,

From one Little Grasshopper [in another time frame]
  • #119
  • Nov 27, 2006 5:43am Nov 27, 2006 5:43am
Quoting OrangeRoshan
Really Big Boys: Banks & Govt
Big Boys: Big Fund Manager
Boys: Jedis
Freshmen (who got bullied): Newbies who read a few books, run on demo a few years, and opened a mini account and think they know everything!!

Which one do you want to be???

How abt the first one..One of the Really Big Boys(I hope)..n last 2 days is really exciting..like britney Spears said OPss!! Big B did it again!!Read abt Linda Bradford ratschke or bruce babcock abt this kind of patterns..
  • #120
  • Nov 27, 2006 8:23am Nov 27, 2006 8:23am
Thanks Master Jedi for that pipastic new info!

Ok now we got cci triggering down trend on daily, bearish bar at top of shi channel. But we have hourly price at bottom of hourly shi channel, also we have hourly support at 9305 area, do we wait for hourly shi channel to break and 9305 area to break before taking shorts based on cci turning over daily.

Thanks
Junior Jedi
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