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SRDC Episode II

  • #261
  • Edited Nov 30, 2006 2:01am Nov 29, 2006 8:21pm | Edited Nov 30, 2006 2:01am
Quoting 4rex
Jedi Compro,


Is this what you mean? Sorry for asking for confirmation again but I just need the reassurance.

Thank You.
4rex,

I think so.. cos it looks like mine. Just compare shi_channel and yr own LRC to compare and conquer. See attached.

Personally, i think shi_channel on daily is alright since it doesn't change much but learning to draw LRC can helps alot.. so yeah!
Attached Image
The future depends on what we do in the present.
  • #262
  • Nov 30, 2006 12:59am Nov 30, 2006 12:59am
For those that want pop up/sound alert when shi channel changes..

i modified abit of the code.

If it allows alert once or twice on price touches the top/median/bottom of the channel, that would be great. Some expert programmer here, if u can make it alert 1 or 2 times per bar touch on the channel top/median/bottom, then it would be great !
Attached File(s)
File Type: mq4 SHI_Channel_Colour_Talk.mq4   7 KB | 618 downloads
The future depends on what we do in the present.
  • #263
  • Nov 30, 2006 2:19am Nov 30, 2006 2:19am
Quoting traderlismiss
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.
Go to the channels property window...select the parameters tab.....check the "Ray" box

HeavyJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #264
  • Nov 30, 2006 2:56am Nov 30, 2006 2:56am
Is it me or am i not getting it right but the system seems to work and show more reliable SRs when you bring it down a timeframe lower.

Ok this is what i mean.

I lay a daily chart... Set the SHI channels visualization to Daily and changed the periodicity to 4hr...

See attached 4hr chart plotted on a Daily SHI
Attached Image
  • #265
  • Nov 30, 2006 3:09am Nov 30, 2006 3:09am
Quoting jest1081
Is it me or am i not getting it right but the system seems to work and show more reliable SRs when you bring it down a timeframe lower.

Ok this is what i mean.

I lay a daily chart... Set the SHI channels visualization to Daily and changed the periodicity to 4hr...

See attached 4hr chart plotted on a Daily SHI

Jest,

What u did is no difference from what u seen in daily TF, just that it is shown more clearly in 4hr TF.
The future depends on what we do in the present.
  • #266
  • Nov 30, 2006 3:35am Nov 30, 2006 3:35am
Quoting Lou G
Not the same as LRC, more like SHI but does not redraw as often. ONLY use on 1 hour chart - it's specifically coded for 1 hour timeframe. No guarantee on any other timeframe...

You never have to re-insert it - just put it on your ONE HOUR chart and let it do it's thing.

Lou G,

I wonder if u could some popup/sound/email alert on price touches top/median/bottom of a channel in yr modified shi channel ??

Make it a 1 or 2 times alerts when price touches the top/median/bottom of a channel pertaining to a 1 hr bar. I would love u for that.. haha!!
The future depends on what we do in the present.
  • #267
  • Nov 30, 2006 4:03am Nov 30, 2006 4:03am
Quoting rojam
An additional instruction to my previous post.
When going to a larger period you need to drag the left hand edge by click and hold to drag to the desired width.
W1 to one year
D1 to 2 months
H4 to 4 wks
H1 to 2,3 or 4 days to obtain the right spread between Top and Bottom lines.
I always target the swing highs and swing lows for my channels.
Greetings Orange,

Are you using the SDC width settings that Rojam is using or are you using a different width settings. I would like my channels to be as close to yours as possible. Easier to follow the Masters lessions that way.

Dave
Dave If you can't swim with the sharks stay out of the water!
  • #268
  • Nov 30, 2006 5:47am Nov 30, 2006 5:47am
SDC
Hello Dave
I believe the Master is using LDC ,this one has a fixed setting.I am also using this one to be in sync with this teaching.I will refrain from posting in the future to help accelerate the Masters instructions.

jl
  • #269
  • Nov 30, 2006 5:48am Nov 30, 2006 5:48am
sorry ,,,meant LRC


jl
  • #270
  • Edited 6:33am Nov 30, 2006 6:04am | Edited 6:33am
Quoting HeavyJ
Go to the channels property window...select the parameters tab.....check the "Ray" box

HeavyJ
Wow! That works! To everyone, if you hit this ray button you no longer have to manually draw the lines out from the Channel.

I see that someone had posted about the ray earlier but I didn't catch it there.

Thanks Heavy J, Great post.
  • #271
  • Nov 30, 2006 6:18am Nov 30, 2006 6:18am
Quoting rojam
SDC
Hello Dave
I believe the Master is using LDC ,this one has a fixed setting.I am also using this one to be in sync with this teaching.I will refrain from posting in the future to help accelerate the Masters instructions.

jl
Hi JL,

I guess what gets a bit confusing is the length of time that one uses to draw the channels. What I was trying to find out was how far back should you draw the channel for the 1 hr, 4 hr and daily charts. I've drawn them according to the widths you mentioned in your previous post. I just wanted to know if they are the widths that the Master is using????
Dave If you can't swim with the sharks stay out of the water!
  • #272
  • Nov 30, 2006 6:37am Nov 30, 2006 6:37am
Jedi Compro,

Yes, I am able to tell the difference between Jedi trainees and a bona fide Jedi....I find that your this SHI channel alert draw a more accurate and clear channel. It seems to draw both the daily and the hourly without a problem. So why use the LRC? Am I seeing a mirage? Also how does one uses this alert signal?

Thank You



Quoting compro99
For those that want pop up/sound alert when shi channel changes..

i modified abit of the code.

If it allows alert once or twice on price touches the top/median/bottom of the channel, that would be great. Some expert programmer here, if u can make it alert 1 or 2 times per bar touch on the channel top/median/bottom, then it would be great !
All 4 1 and 1 4 All
  • #273
  • Nov 30, 2006 7:14am Nov 30, 2006 7:14am
Quoting 4rex
Jedi Compro,

Yes, I am able to tell the difference between Jedi trainees and a bona fide Jedi....I find that your this SHI channel alert draw a more accurate and clear channel. It seems to draw both the daily and the hourly without a problem. So why use the LRC? Am I seeing a mirage? Also how does one uses this alert signal?

Thank You

4rex,

The one i attached with alert is the same as Jedi Roshan one.. just that this one alert when the channel changes direction. I draw LRC manaually is to compare with the indicator drawn one. I think we need some hardwork in trading, learning to draw channel manually is one. With experience, one look at the chart and u know how the channel is formed. For that, u need the skill of a Jedi Master Roshan. Let wait for chosen one to impart part 2 of SRDC.

FYI, on 1hr chart now, i use the one provided by Lou G with less redraw of channel. Because the redrawing will keep on fitting the curve... confusing.
The future depends on what we do in the present.
  • #274
  • Nov 30, 2006 7:33am Nov 30, 2006 7:33am
LRC vs SHI

First pic shows that GU touching TOP SHI but NOT LRC..then i assume the price will go down, but after 3 minute, SHI follow LRC as pic 2.....then i become dont understand....???
http://img178.imageshack.us/img178/3154/testgu1la0.png

http://img142.imageshack.us/img142/6079/testgu2qr7.png
  • #275
  • Nov 30, 2006 7:59am Nov 30, 2006 7:59am
Quoting downunderdave40
...What I was trying to find out was how far back should you draw the channel for the 1 hr, 4 hr and daily charts...I just wanted to know if they are the widths that the Master is using????
Greetings Dave, i believe somewhere in this thread OR mentioned he draws his LRC based on a major H/L similar to what one would do with a trend line. No doubt Orange will chime in here when he is up and about. I look at the LRC as a traditional technical analysis tool. It is actualy quite useful for finding a median for price to play about. Taking all this in mind, and also after studying how the Pros use the LRC, I simply zoom all the way out on a given chart, in my case a 1hr chart, find the last major low, and draw the line from left to right to the most recent high (reverse when in a downtrend). Sometimes this will yeild a large channel in the current case of the E/U and G/U being in the +500 pip channel. Though as you might have seen from my use ( : and with the Master's Blessings, hi Orange : ), of additional levels within the channel will yeild further areas of support and resistance.

Happy Trading,
Thom
  • #276
  • Nov 30, 2006 8:44am Nov 30, 2006 8:44am
Grandpa

IMHO you īre not using LRC the right way. Take a look:

http://img155.imageshack.us/img155/4...6094432zd2.png
Johann Channels and cycles are everything
  • #277
  • Nov 30, 2006 8:47am Nov 30, 2006 8:47am
Quoting accrete
Greetings Dave, i believe somewhere in this thread OR mentioned he draws his LRC based on a major H/L similar to what one would do with a trend line. No doubt Orange will chime in here when he is up and about. I look at the LRC as a traditional technical analysis tool. It is actualy quite useful for finding a median for price to play about. Taking all this in mind, and also after studying how the Pros use the LRC, I simply zoom all the way out on a given chart, in my case a 1hr chart, find the last major low, and draw the line from left to right to the most recent high (reverse when in a downtrend). Sometimes this will yeild a large channel in the current case of the E/U and G/U being in the +500 pip channel. Though as you might have seen from my use ( : and with the Master's Blessings, hi Orange : ), of additional levels within the channel will yeild further areas of support and resistance.

Happy Trading,
Thom
Thank you for the post. I do hope OR will address this because it will determine profit or loss in many cases. Some have advocated drawing three days, others back to the last trend. Some are using the SHI, new and old. I hope we can get a clearer definition of what to do here. It would be great if OR could tell us the time period he used on the three pairs we are trading when sets them up at 23:59 GMT. I don't want anyone to do my work for me but there are at least four or five schools of thought here and I would like to have one from OR who's method we are using.

Thanks all,
  • #278
  • Nov 30, 2006 9:00am Nov 30, 2006 9:00am
Suddenly channel trading becomes very hard....

There's a time when the Jedi's were massacred...and thats episode 2 hahaha

Master please straighten us...no...me up..
  • #279
  • Nov 30, 2006 9:10am Nov 30, 2006 9:10am
mr orange roshan

just to let you know, nurse says im ok after last nights tantrum, but i have to keep taking the medicine??

anyway, i think its clear that some of us are unclear, so tonight at midnight gmt, could you please post your set up in detail with images etc, and a possible entry. this may make thing clear, and we may all progress.
  • #280
  • Nov 30, 2006 9:40am Nov 30, 2006 9:40am
Applying a LRC of a longer range of time we can see why cable has a big battle at this level right now.

http://img135.imageshack.us/img135/9...6104653yb8.png
Johann Channels and cycles are everything
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