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SRDC Episode II

  • #221
  • Nov 29, 2006 2:01pm Nov 29, 2006 2:01pm
Quoting rojam
if the channel used is SDC (standard deviation channel) or LRC (linear regression channel you use H1 with vertical day separation lines.
Click on either SDC or LRC then click on the third vertical bar to the left then hold mouse to drag to the right 3 days release there.If you reclick on the middle bar and go to the center of the middle bar, you can drag the whole channel as a unit to the previous days or to the start of a new day at 6pm est.
rojam
Rojam,

Thank you and I just want make sure I did this correctly. When I look at my daily now, todays candle covers the entire width of the channel. The 1 hr looks much like it did with the SHI Channel. Is this correct?
  • #222
  • Nov 29, 2006 2:03pm Nov 29, 2006 2:03pm
Jedi Orange,
Or any knowledgable jedi trainees,

Are we still using shi channel for daily timeframe?

And lrc for 1hr timeframe?

Am I correct.

Also on daily pound, the cci trigger has turned over, the red is on top of blue
and slightly seperated, but on hourly we are approaching the bottom tl,
do we wait for break of hourly channel before taking short?

Any notes appreciated on current status of pound.

THanks Fellow Jedis
  • #223
  • Nov 29, 2006 2:12pm Nov 29, 2006 2:12pm
traderlismiss

yes and yes
  • #224
  • Nov 29, 2006 2:17pm Nov 29, 2006 2:17pm
One day out from this thread and I need to catch up three post pages...

Guys, you are on warp 10....


cheers...
  • #225
  • Nov 29, 2006 2:21pm Nov 29, 2006 2:21pm
Quoting sirwolf
Has anyone else applied this indicator?

I applied to the 3 main pairs and all show around 65% winners. Is this correct? I thought it was closer to 90 percent for the weekend candle method.

Thank you fellow Jedi
True. 90% is your winning, infact higher. At 65% is what the computer sees, but with the naked eye, you will see 20-25% difference. Eventho its not inverse, but: Some candle, let you get away with 20-40pips on bounce or dip.

Here are the math on GBPUSD:

65% correct / 35% wrong. Based on 120pips wins / 60pips loss (SL)

65x120=7800pips
35x60=2100pips

nett: 5700pips!! Trading the sunday candle alone is profitable and never have to have anymore long face even you hit a SL. Pipastic!!

Now I got everybody's attention:

Study the Channel carefully (Dancing in the Trend). To add more winning, not by just blindly inverse the monday candle. When the opening monday candle is at the top of a bullish channel, like the 27th Nov (c'mon dont be lazy, look at the chart 1st), any child knows, that candle is bearish even in a bullish channel, but usually settle at the median at the end of the day.

Should the candle on the 27th Nov is at the bottom channel. Forget Inversing it, use SRDC fully, it should be a bullish candle.

But, naturally, the 27th fall on the 65%, so a more confident short trade can be entered!

Thanks Sir Wolf. I was waiting for someone to asked me.

Swwwweeeeeet Monday
Change Your Thinking. Change Your Life - JD
  • #226
  • Nov 29, 2006 2:22pm Nov 29, 2006 2:22pm
Quoting rojam
traderlismiss

yes and yes
Thank you again Rojam,

One final thing, I promise. Is there away to get this channel to extend on because I can't get my trend lines to line up on the daily like they do on the hour. Mainly the center line.
  • #227
  • Nov 29, 2006 2:26pm Nov 29, 2006 2:26pm
Thank you Orange! I was hesitant is asking as I did not want to question you master.


Humble Jedi in training

SirWolf
Believe and Achieve!
  • #228
  • Nov 29, 2006 2:46pm Nov 29, 2006 2:46pm
Sorry just a Jedi Trainee here, have to make sure I understand


When I add the SDC (standard deviation channel) I am doing in on the daily chart. I put it on the 3rd candle to the left and dragged it right. Ok, now when I extend it back in time the channel widens and changes angle. How far back do I drag it to get the channel I need?

Can you possibly post a current channel for reference?

Also, when do you use the LRC and how is that used and why?

Thank you!
Believe and Achieve!
  • #229
  • Nov 29, 2006 3:04pm Nov 29, 2006 3:04pm
This is my lrc drawn on the 1hr chart,
Hope this helps, if somethings wrong with the way I have drawn it pls let me know master Jedi. Or any advanced Jedi trainees.

Thanks
Attached Image
  • #230
  • Nov 29, 2006 3:25pm Nov 29, 2006 3:25pm
Compro,

I appreciate your comments/advise. I am still shedding.

Thanks



Quoting compro99
Rex,

I would say stick to Jedi Roshan system and not add anymore indicators to confuse u. BTW, those are lagging indicator which will not be faster than price.
If u were quick enough, u would have short EUR at abt 0000gmt today and grab more than 50pips...
All 4 1 and 1 4 All
  • #231
  • Nov 29, 2006 3:31pm Nov 29, 2006 3:31pm
Quoting sirwolf
Thank you Orange! I was hesitant is asking as I did not want to question you master.


Humble Jedi in training

SirWolf
Remember the thread rule:

Constructive critism/question in a mannerly trend is certainly my friend.

Never be afraid to ask, as i know the intention is really to learn.

Good jedi must ask a lot of questions...
Change Your Thinking. Change Your Life - JD
  • #232
  • Nov 29, 2006 3:36pm Nov 29, 2006 3:36pm
Quoting sirwolf
Sorry just a Jedi Trainee here, have to make sure I understand


When I add the SDC (standard deviation channel) I am doing in on the daily chart. I put it on the 3rd candle to the left and dragged it right. Ok, now when I extend it back in time the channel widens and changes angle. How far back do I drag it to get the channel I need?

Can you possibly post a current channel for reference?

Also, when do you use the LRC and how is that used and why?

Thank you!
I use the LRC on the longest possible trend i can find. Preferbly on near average daily range (1H). Then I extend the channel manually to the nextday and see when the candle is following the channel or breaking it.

After the trade is over, then i extend the LRC and draw another extension again..... But, unless a significant trend change is happening, then I will draw a new channel, and extend with imaginary line for next day trend.

Look at GBP, exactly, a new bearish trend.

Jedi pips up for graps!!
Change Your Thinking. Change Your Life - JD
  • #233
  • Nov 29, 2006 3:46pm Nov 29, 2006 3:46pm
Quoting Westie
This is my lrc drawn on the 1hr chart,
Hope this helps, if somethings wrong with the way I have drawn it pls let me know master Jedi. Or any advanced Jedi trainees.

Thanks
Almost 99% perfect!! Try use black and white candle.

1000 jedi pips for westie
Change Your Thinking. Change Your Life - JD
  • #234
  • Nov 29, 2006 3:59pm Nov 29, 2006 3:59pm
Orange,

Can you please post your current GBPUSD LRC so I can see what you mean? I put it on the 1 HR and mine is at the bottom and lookes Bullish I am struggling with what seems like a very simple concept.

Maybe a simple step by step instruction - or maybe I am the only one struggling with this important channel drawing. SDC and LRC
Believe and Achieve!
  • #235
  • Nov 29, 2006 4:18pm Nov 29, 2006 4:18pm
SirWolf,

You are not the only Jedi trainee struggling with this concept. I am also a bit unsure how to do it. Rojam gave very good explanation but I am confused as to the procedural steps to take. What do I do first. How about taking it from 23:59 00:GM?



Quoting sirwolf
Orange,

Can you please post your current GBPUSD LRC so I can see what you mean? I put it on the 1 HR and mine is at the bottom and lookes Bullish I am struggling with what seems like a very simple concept.

Maybe a simple step by step instruction - or maybe I am the only one struggling with this important channel drawing. SDC and LRC
All 4 1 and 1 4 All
  • #236
  • Nov 29, 2006 4:31pm Nov 29, 2006 4:31pm
ok, ill put my hand up?? you can call me jedi thicky of the jedi training school, i know you all know most of your stuff in jedi arena, i know you said no stupid newbie questions on this thread, but when i look darth vader in the eyes, i want to know which way his light saber is going, up or down, i can only determine this by feeling the force is with me, at the momement i feel nothing except turning the light saber off, and joining the local convent??

I want to be an orange jedi, i am not going to another jedi training camp, or worse, dont make me go to the dark side, please, please.

remember master and fellow master jedis, trainees like me fight with our heart not our brains, these jedis can be most dangerous against the dark side.

shi channels, then equidescent channels, then liner regression, now standard deviation, im totally lost, srdc 1 ok, srdc 2 part 1 now ive lost the plot, and theres 4 parts.

i need to know where my mother in law is tommorow, if you new my mother in law, i know you would help me, jabba knows her and hes terrified??
  • #237
  • Edited Nov 30, 2006 10:00am Nov 29, 2006 4:37pm | Edited Nov 30, 2006 10:00am
The only problem I see with the LRC or other MT4 objects is that they cannot be referenced by an EA - I don't think there is a way to know the location of the lines on a bar-to-bar basis (someone correct me if I'm wrong).

Until something better comes along, I've attached a version of the SHI_Channel that does not redraw as often as the original. It also provides the bar by bar location of the lines in three buffers for those who would like to code an EA. If the trend lines seem blurred after adding the indicator to a chart, go into edit (right click, select the indicator, then edit) and change the three color values to the same color as your chart background. Sorry, I haven't found a way around having to do this.
Attached File(s)
File Type: mq4 #SHI_Channel.mq4   5 KB | 717 downloads
Old Benjamin was right
  • #238
  • Nov 29, 2006 4:46pm Nov 29, 2006 4:46pm
By the way, if any of you math majors know the formula for the middle line of the LRC, I (or any of a number of members out here) could easily write an indicator...
Old Benjamin was right
  • #239
  • Nov 29, 2006 4:48pm Nov 29, 2006 4:48pm
Quoting sirwolf
Orange,

Can you please post your current GBPUSD LRC so I can see what you mean? I put it on the 1 HR and mine is at the bottom and lookes Bullish I am struggling with what seems like a very simple concept.

Maybe a simple step by step instruction - or maybe I am the only one struggling with this important channel drawing. SDC and LRC
See today's GBPUSD. Its breaking the main Channel and started a bearish Movement. When 30th Nov candle follow the bearish channel, then that will show, the trend has change. Dollar is strengtening.

No problemo?

p/s See the candle settle at the median of the new channel. Predictable!!
Attached Image
Change Your Thinking. Change Your Life - JD
  • #240
  • Nov 29, 2006 4:55pm Nov 29, 2006 4:55pm
Quoting monty
ok, ill put my hand up?? you can call me jedi thicky of the jedi training school, i know you all know most of your stuff in jedi arena, i know you said no stupid newbie questions on this thread, but when i look darth vader in the eyes, i want to know which way his light saber is going, up or down, i can only determine this by feeling the force is with me, at the momement i feel nothing except turning the light saber off, and joining the local convent??

I want to be an orange jedi, i am not going to another jedi training camp, or worse, dont make me go to the dark side, please, please.

remember master and fellow master jedis, trainees like me fight with our heart not our brains, these jedis can be most dangerous against the dark side.

shi channels, then equidescent channels, then liner regression, now standard deviation, im totally lost, srdc 1 ok, srdc 2 part 1 now ive lost the plot, and theres 4 parts.

i need to know where my mother in law is tommorow, if you new my mother in law, i know you would help me, jabba knows her and hes terrified??
Aaaaaaa.... Nurse! Please take special care of this one for me. I told him not to pull Chubaka's hair, while asking him that sensitive question, "Have you seen planet of the Apes?" but he wouldnt listen. Sad..

Imagine I showed SRDC full level all in 1 go. Doctors gonna have a fun day!!
Change Your Thinking. Change Your Life - JD
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