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SRDC II Channel of the day 74 replies

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SRDC II Charts posting and discussion pertaining to it 37 replies

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SRDC Episode II

  • #301
  • Nov 30, 2006 12:08pm Nov 30, 2006 12:08pm
Quoting OrangeRoshan
OK, This is GBPUSD.

From 22nd Oct 2006 to 3rd NOV 2006.

Use the LRC and see where you will draw it.

Post it for everyone to see. Dont cheat and You shall never learn.

Keep in mind this thread's Regulation & Rules on Charts.

Time -17:00GMT or -12:00EST

Answer in 1 Hour
The Channel is Drawn from 24th Oct until 31st Oct. The 1stNov is included inside the LRC Ray. Look how it move away from the channel (Dancing OUTSIDE THE TREND) after 6days of Bullish Trend.

Find the beginning of the Trend and Double Click the Median and pull it to the desire Day!! Simple
Attached Image
Change Your Thinking. Change Your Life - JD
  • #302
  • Nov 30, 2006 12:12pm Nov 30, 2006 12:12pm
Quoting hensch
22nd Oct channel - 1 hour chart

http://picnac.com/images/4235lrc2.gif
You miss the trend on the 31st. I know why You didnt include it, coz it went out of the channel, BUT only for a while then, it went back in. JUST LIKE GBPUSD today!!

Welldone. Is it HARD?
Change Your Thinking. Change Your Life - JD
  • #303
  • Nov 30, 2006 12:14pm Nov 30, 2006 12:14pm
Quoting traderlismiss
If this is too big I am sorry.
Yes its too big!!!. It should be 600x600. Use Image Resize. But You got it all correct, and you even drew other trend which is not necessary yet. (Thank you, I was gonna use the day after!! )
Change Your Thinking. Change Your Life - JD
  • #304
  • Nov 30, 2006 12:19pm Nov 30, 2006 12:19pm
Quoting compro99
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!!
I may get to this up the road a bit. Right now this thread seems to be exploring many different ways to draw channels so I'm going to concentrate my efforts on writing an EA using the original SHI indicator and testing that one (and the revised version in post #237) and wait until the dust settles on all the differing ideas for channels.

Thank you for the suggestion
Old Benjamin was right
  • #305
  • Nov 30, 2006 12:22pm Nov 30, 2006 12:22pm
Quoting Lou G
I may get to this up the road a bit. Right now this thread seems to be exploring many different ways to draw channels so I'm going to concentrate my efforts on writing an EA using the original SHI indicator and testing that one (and the revised version in post #237) and wait until the dust settles on all the differing ideas for channels.

Thank you for the suggestion
Yes. EA should use SHI because you can pinpoint the location of the candles inside the channel.

For the meantime..... back to Trenddrawing 101
Change Your Thinking. Change Your Life - JD
  • #306
  • Nov 30, 2006 12:36pm Nov 30, 2006 12:36pm
Quoting OrangeRoshan
OK, This is GBPUSD.

From 22nd Oct 2006 to 3rd NOV 2006.

Use the LRC and see where you will draw it.

Post it for everyone to see. Dont cheat and You shall never learn.

Keep in mind this thread's Regulation & Rules on Charts.

Time -17:00GMT or -12:00EST

Answer in 1 Hour

Jim
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #307
  • Nov 30, 2006 12:44pm Nov 30, 2006 12:44pm
Jim, Your channel is too loose. Some of the candles must be touching the trendlines, for many reasons. Thats why I recommended to use LRC, because it does it automatically. Bounces and Dip can be spotted.

May the Dance Pips be with you
Change Your Thinking. Change Your Life - JD
  • #308
  • Nov 30, 2006 12:49pm Nov 30, 2006 12:49pm
That is the LRC. When I try yo tight it up it changes dates. ???

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #309
  • Nov 30, 2006 12:52pm Nov 30, 2006 12:52pm
TIME: -19:00GMT or -14:00EST
Answer in 1 Hour pls


Dancing in the Trend

Look at the candle on the Left. A Channel is drawn Based on the previous day. The Channel you is the extension or RAY!! Nether the less it creates a good probable movement of the candles in question.

Questions

1. Do you LONG or SHORT? State your entry price.
2. Draw Arrow on the empty channel the most probable Dance in the Trend.
3. Whats your:

T1 (breakeven point)
T2 (final Take profit)

4. Stoploss. State the Pips and SL Price.

May the Pips be with you....
Attached Image
Change Your Thinking. Change Your Life - JD
  • #310
  • Nov 30, 2006 12:54pm Nov 30, 2006 12:54pm
Quoting jarroo
That is the LRC. When I try yo tight it up it changes dates. ???

Jim
LOL

Jim,

Try use MetaTrader then, for charting.
Change Your Thinking. Change Your Life - JD
  • #311
  • Edited 1:29pm Nov 30, 2006 1:04pm | Edited 1:29pm
I am curious if anyone in this forum would be interested in participating in teamspeak open conference. We could discuss the charts and the method and also when we are about to enter a trade. This would have to be with the blessing of Orangeroshan of course.

If you are not familiar, teamspeak is a live voice discussion in conference and all could listen, contribute or ignore. Anyway, I would consider setting up the server if I have any takers.

Thanks,

Important update. OrangeRoshan has given the green light for this project if we can work out the details.
  • #312
  • Nov 30, 2006 1:34pm Nov 30, 2006 1:34pm
had to learn how to attach image
Attached Image
  • #313
  • Nov 30, 2006 2:40pm Nov 30, 2006 2:40pm
Channel ascending,play safely long.
1 -Place pending on stop long order ,top of yesterday High +1+spread.
2 -Price could go down to rebound on Support trend line,giving another chance at long entry.It appears as the price came from the top, down to the median on its way to the support.
3 -T1 same as 1 above
-T2 entry price +5 for level I, +20/30 or trail to resistance TL
4 -SL -30 pips from entry price
or enter at day open price in the direction of the trend.
SL at -60 TP at 190 or and exit with your gains at 17:00 GMT
  • #314
  • Nov 30, 2006 2:45pm Nov 30, 2006 2:45pm
this soudns great,
lets get it happening,


Quoting traderlismiss
I am curious if anyone in this forum would be interested in participating in teamspeak open conference. We could discuss the charts and the method and also when we are about to enter a trade. This would have to be with the blessing of Orangeroshan of course.

If you are not familiar, teamspeak is a live voice discussion in conference and all could listen, contribute or ignore. Anyway, I would consider setting up the server if I have any takers.

Thanks,

Important update. OrangeRoshan has given the green light for this project if we can work out the details.
  • #315
  • Nov 30, 2006 3:25pm Nov 30, 2006 3:25pm
cool...lets do some teamspeak
  • #316
  • Nov 30, 2006 3:43pm Nov 30, 2006 3:43pm
Not even close? .

Quoting OrangeRoshan
TIME: -19:00GMT or -14:00EST
Answer in 1 Hour pls


Dancing in the Trend

Look at the candle on the Left. A Channel is drawn Based on the previous day. The Channel you is the extension or RAY!! Nether the less it creates a good probable movement of the candles in question.

Questions

1. Do you LONG or SHORT? State your entry price.

[aha]: Long

2. Draw Arrow on the empty channel the most probable Dance in the Trend.

[aha]: Touch the channel bottom and turn to upside

3. Whats your:

T1 (breakeven point)

[aha]: Median line

T2 (final Take profit)

[aha]: Channel top

4. Stoploss. State the Pips and SL Price.

[aha]: Below channel bottom, distance depending on the pair

May the Pips be with you....
Target: Trading naked.
  • #317
  • Nov 30, 2006 3:46pm Nov 30, 2006 3:46pm
Hello Melissa....

Hello.....

Is this the Channel/Trendline Crisis Line?

I would like to speak with a counselor about my traumatic experience with Channeling....no,no I am not speaking about communicating with the dead I am referring to the mechanics of drawing, setting up and understanding the use of channels in the Forex Market.

Ok, I will wait eagerly
Attached Image
All 4 1 and 1 4 All
  • #318
  • Nov 30, 2006 3:57pm Nov 30, 2006 3:57pm
Quoting compro99
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.
Hey,

I've been watching with interest the discussion on channels. I have to say that channels are but one piece of the bigger picture. Nothing in Forex is exactly to the pip and neither are channels, rather just a guide. Again to quote someone here we have to "keep it simple" and not get stuck on one or the other channel, indicator, etc etc.

The force, dark or light, moves in mysterious ways....

A
  • #319
  • Nov 30, 2006 4:03pm Nov 30, 2006 4:03pm
Traderlismiss,

Great idea about the teamspeak open conference.

Count me in!

Cheers,

Noel.
  • #320
  • Nov 30, 2006 4:48pm Nov 30, 2006 4:48pm
Quoting 4rex
Hello Melissa....

Hello.....

Is this the Channel/Trendline Crisis Line?

I would like to speak with a counselor about my traumatic experience with Channeling....no,no I am not speaking about communicating with the dead I am referring to the mechanics of drawing, setting up and understanding the use of channels in the Forex Market.

Ok, I will wait eagerly
Hey 4rex, this should be fun and rewarding as well. OR has said he will particpate when he can and we will learn at a much faster rate. Imagine looking at our charts and having him explain what we are looking at. This will enhance this forum and hopefully our profits too. OrangeRoshan's Teamspeak will run 24 hours and you will be able to sign in when you like.

More Information will be available in the next few days.
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