SRDC Episode II | Page 29 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SRDC Episode I 1,331 replies

SRDC II Channel of the day 74 replies

Discussion on Indicators pertaining SRDC 62 replies

SRDC II Journal for All 11 replies

SRDC II Charts posting and discussion pertaining to it 37 replies

Attachments: SRDC Episode II
Exit Attachments

SRDC Episode II

  • #561
  • Dec 5, 2006 11:42pm Dec 5, 2006 11:42pm
It looks like we are on slow bearish trend on GBPUSD. The guidelines below might help you in deciding on your practice trades today:

Bearish Trend:

Q1: Sell
Q2: Sell
Q3: Sell or wait until it enters Q2 or Q1 then Sell
Q4: Buy

It looks like we are in Q3 today.

Now, Before everybody panic. Should we go into a ranging market, below are the guidlines:

Q1: SELL
Q2: Wait until it goto Q1 or Q4
Q3: Wait until it goto Q1 or Q4
Q4: BUY

Which one is first, Chcken or Egg?
Change Your Thinking. Change Your Life - JD
  • #562
  • Dec 6, 2006 12:03am Dec 6, 2006 12:03am
Thank you Master Jedi,
That blew me away, like a dancing candle....
Bouncy Bouncy

PS I forgot thou' to make the dark world 'light' for my Master eyes. Apologies...
  • #563
  • Dec 6, 2006 12:30am Dec 6, 2006 12:30am
Quoting OrangeRoshan
It looks like we are on slow bearish trend on GBPUSD. The guidelines below might help you in deciding on your practice trades today:

Bearish Trend:

Q1: Sell
Q2: Sell
Q3: Sell or wait until it enters Q2 or Q1 then Sell
Q4: Buy

It looks like we are in Q3 today.

Now, Before everybody panic. Should we go into a ranging market, below are the guidlines:

Q1: SELL
Q2: Wait until it goto Q1 or Q4
Q3: Wait until it goto Q1 or Q4
Q4: BUY

Which one is first, Chcken or Egg?
OR,

Shouldn't we be taking our direction from the daily, which would be short in the first quadrant?

Thanks, Dan
  • #564
  • Dec 6, 2006 1:04am Dec 6, 2006 1:04am
Pipmaster Jedi Roshan,

maybe I'm traveling too fast here (warp speed), but can you please confirm if
my new channel is correct?

Henry

http://picnac.com/images/2909fibo5.gif
  • #565
  • Dec 6, 2006 1:17am Dec 6, 2006 1:17am
Hello

Per our Master's orders, here are the 1hr chart for the two pairs(two posts) that I will be trading. PLEASE post your comments.

gbp/uds: I will wait for price to touch the 100 fib and wait for a new candle bounce for my LONG entry.

eur/usd: My LRC (if drawn correctly) shows a ranging condition so I will wait for a breakout from the 100 fib (long) or 00 fib (short)
Attached Image
All 4 1 and 1 4 All
  • #566
  • Dec 6, 2006 1:19am Dec 6, 2006 1:19am
Here is the eur/usd:
Attached Image
All 4 1 and 1 4 All
  • #567
  • Dec 6, 2006 1:43am Dec 6, 2006 1:43am
Jedis master, please check., Do I get this chart correct, the SHI Indicator & Fx Snipper CCI? this is interbank demo on H1 on 07:40 GMT. Thanks
Attached Image
  • #568
  • Dec 6, 2006 2:10am Dec 6, 2006 2:10am
Quoting Bom-Bom
Jedis master, please check., Do I get this chart correct, the SHI Indicator & Fx Snipper CCI? this is interbank demo on H1 on 07:40 GMT. Thanks
Bom Bom, that's the SHI channel. We are using the LRC (Linear Regression Channel).

CCI is OK

Henry
  • #569
  • Dec 6, 2006 3:48am Dec 6, 2006 3:48am
Quoting hensch
Bom Bom, that's the SHI channel. We are using the LRC (Linear Regression Channel).

CCI is OK

Henry

well, on which post there's that indicator? Thanks Henry!
  • #570
  • Dec 6, 2006 4:05am Dec 6, 2006 4:05am
My 2 pips: yeah the channel is correct. an important point here is when to put the downtrend channel on the chart. I think the new down trend is not recognizable before the long black candle breaks the channel downwards. the downward movement before that is no different from other dancing in the trend movement.

after the channel breaks, the new channel can be put on anytime after than. It's just that if the price withdraw back to the old channel, the new channel will need to be deleted. Since we hope the channel only change at the beginning of the day (that's why we deserted SHI remember), so the earliest time to add the new channel should be gmt 0:00 today.

Another time to add the new channel on is to wait for another day or 2 just to confirm that the price has broken the old channel. How much confirmation is enough is really a personal choice, because the price may return back to old channel any time.

Generally the more confirmation, the less redraw of channel (whipsaw), but the longer the delay to recognize a new trend. There is no universal formula for this.


Quoting hensch
Pipmaster Jedi Roshan,

maybe I'm traveling too fast here (warp speed), but can you please confirm if
my new channel is correct?

Henry

http://picnac.com/images/2909fibo5.gif
Target: Trading naked.
  • #571
  • Dec 6, 2006 4:08am Dec 6, 2006 4:08am
Bom Bom, that's built in MT4

Go to Insert>Channels> Linear Regression.

Please, read back a few posts and you'll understand how to draw it.

Hope this helps.

Henry
  • #572
  • Dec 6, 2006 4:18am Dec 6, 2006 4:18am
Quoting aha
My 2 pips: yeah the channel is correct. an important point here is when to put the downtrend channel on the chart. I think the new down trend is not recognizable before the long black candle breaks the channel downwards. the downward movement before that is no different from other dancing in the trend movement.

after the channel breaks, the new channel can be put on anytime after than. It's just that if the price withdraw back to the old channel, the new channel will need to be deleted. Since we hope the channel only change at the beginning of the day (that's why we deserted SHI remember), so the earliest time to add the new channel should be gmt 0:00 today.

Another time to add the new channel on is to wait for another day or 2 just to confirm that the price has broken the old channel. How much confirmation is enough is really a personal choice, because the price may return back to old channel any time.

Generally the more confirmation, the less redraw of channel (whipsaw), but the longer the delay to recognize a new trend. There is no universal formula for this.
Aha, I agree with you. I've left the previous channel just in case...

However, drawing the new bearish channel is a must because otherwise we lose
reference on how price travels inside channels which, IMHO, is a key factor of
the system.

Certainly we have to wait and see if this move is correction or a trend
reversal. Muddy waters (or asteroids storm) for now.

Henry
  • #573
  • Dec 6, 2006 4:21am Dec 6, 2006 4:21am
Quoting hensch
Bom Bom, that's built in MT4

Go to Insert>Channels> Linear Regression.

Please, read back a few posts and you'll understand how to draw it.

Hope this helps.

Henry
Jedi Henry.....I am really sorry...actually I've saved this thread to page 18, tonight I will do my homework to read all posts, I am saving it all now to my computer. Thank you for your kind.
  • #574
  • Dec 6, 2006 4:42am Dec 6, 2006 4:42am
AHA

I´m having a problem with your ILRC indicator: it doesn´t let me draw manual LRC. If i draw a manual LRC on 1 H TF, goes to 4 h and return to 1 hour my manual LRC is gone and if draw a manual LRC on daily it will last just seconds. Why?

Can you solve this please?

TIA
Johann Channels and cycles are everything
  • #575
  • Dec 6, 2006 5:08am Dec 6, 2006 5:08am
Quoting aha
My 2 pips: yeah the channel is correct. an important point here is when to put the downtrend channel on the chart. I think the new down trend is not recognizable before the long black candle breaks the channel downwards. the downward movement before that is no different from other dancing in the trend movement.

after the channel breaks, the new channel can be put on anytime after than. It's just that if the price withdraw back to the old channel, the new channel will need to be deleted. Since we hope the channel only change at the beginning of the day (that's why we deserted SHI remember), so the earliest time to add the new channel should be gmt 0:00 today.

Another time to add the new channel on is to wait for another day or 2 just to confirm that the price has broken the old channel. How much confirmation is enough is really a personal choice, because the price may return back to old channel any time.

Generally the more confirmation, the less redraw of channel (whipsaw), but the longer the delay to recognize a new trend. There is no universal formula for this.
Hi aha

Does your channel change its direction automatically?

howard
Regards
  • #576
  • Dec 6, 2006 5:55am Dec 6, 2006 5:55am
Im online in Teamspeak now! Anybody has a jedi question?
Change Your Thinking. Change Your Life - JD
  • #577
  • Dec 6, 2006 6:57am Dec 6, 2006 6:57am
To the guys at teamspeak, This is the Triangle Im talking about.
Attached Image
Change Your Thinking. Change Your Life - JD
  • #578
  • Dec 6, 2006 7:22am Dec 6, 2006 7:22am
I'm sure this teamspeak is great an'all, but it's a shame that the thread may suffer as a resulkt. Not all of us can engage in webchats.
TRADE FOR SWAP
  • #579
  • Dec 6, 2006 7:36am Dec 6, 2006 7:36am
Quoting cgldsmth
I'm sure this teamspeak is great an'all, but it's a shame that the thread may suffer as a resulkt. Not all of us can engage in webchats.
Why not?
  • #580
  • Dec 6, 2006 7:40am Dec 6, 2006 7:40am
Quoting cgldsmth
I'm sure this teamspeak is great an'all, but it's a shame that the thread may suffer as a resulkt. Not all of us can engage in webchats.
You are welcome to join us and there is a record button if you do not want to stay the entire time. For the 16 to 18 people in the room now, it is a very rewarding experience. Also we are using the thread too and referring to it at times. You need to at least try it before you form an opinion.
2 traders viewing now