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SRDC Episode II

  • #841
  • Dec 11, 2006 5:56am Dec 11, 2006 5:56am
Quoting jsh01
In my learning phase , an EA is a hinderance.

Rather I am so delighted to be able to have AHA's trendline indicators ( if I am learning it does not matter if its mq4 or ex) and then I place 2 price alerts on alertfx.com to be notified of entry of price into channel 1 and 4 ( by email and sms ) and then I can practice speciifc Orange lessons at these points and times) . At the end of the day I readjust the alertfx.com levels to match the new day levels.

So special thanks to Orange for his guidance and to Aha for his indicators and to all the other fabulous helpers. (I can easily find a prorgammer to do the programming when I have my head around it all in my own style.)

In all the threads I have read, I have not seen a disciple doing as well as the master if they dont mentally code it in the way they see the world. And don't forget the originators of the Turtle rules, ... they weren't worried about thieving as sticking to the rules is too hard for most people.

what I really appreciate is hearing how the big boys SEE and FEEL the game plays, that is priceless.
thanks to all
best
john

By rereading my post again I realize that maybe I never said big THANK YOU to Orange Roshan and AHA (I owe it to them).
I agree mostly with what you had said, everything with this teaching from my point of view is perfect. The only thing that I'd like to improve is my time: cannot sit watching charts 24 hrs a day. Maybe your solution having alert service is a good idea... never thought about it. So what do you do when alert comes and you ar not at the computer? The seconds are ticking... the pips are moving... call a broker? That's why I need EA or a script at least: to make trades at the extreme edges of the channel. Everything else is not a problem but delight, rather!
Well, I am not an organizer and don't want to be one. I just dropped an idea, that's all. (Btw - second time). In the worst case if I have to leave a house I might hire the girl from neighborhood and show her how and where to click the mouse to send an order (what else can I do?)
LOL
  • #842
  • Dec 11, 2006 6:32am Dec 11, 2006 6:32am
Mr Smith,

Thanks for the compressed audio of TS. Also I am so glad the commotion about the EA has cooled down. Time to concentrate on learning and harvesting pips.
  • #843
  • Dec 11, 2006 6:48am Dec 11, 2006 6:48am
Thanks to Mr Smith [and everybody that gives to this thread]
  • #844
  • Dec 11, 2006 7:30am Dec 11, 2006 7:30am
Quoting Bom-Bom
Guys would you please end the subject about EA..........and let the Jedis saga continues...


I like the idea that We all here will have a text-based live chat on the SRDC method, because some people like me does not have a good internet connection so I can not hear all your voices clearly in the Team Speak. Beside english is not my native language, sometime it's easier to write and read than to listen with the terrible noices on the voice sound....(I'm sorry, stupid me)

In this kind of text-based chat discussion, we could have :

1. Discuss with the same broker's chart, say that, we all use the chart from interbank so we only have one perception (the only problem may be who's using the demo version and who's using the live version).

2. Trade live based on the discussion in the room. This way, a newbie to this forum, or even the senior guys, could have a good live trading experiences based on the SRDC method and discuss what is currently happened in the market and what is our reaction according the SRDC methos?. For example, this morning we Sell according to the white Sunday's candle and what is the best chance to take profit? is the target on the lowest channel and what is the reason for that? I believe, learning by this way could accelerates the way we understand the method. Of course, this thing will need some helps from the senior people (the hardcore?) in this thread who has understand the SRDC method very good. I believe, the people who usually sits in the Team Speak could help a lot on this.

I am sure that with this learning method many people will get a good chance to learn it quickly. Once again, of course we will need the senior Jedis on this thread to give a bit of his/her valuable time to teach other. I wonder, that kind like in the movie "Pay it Forward" will be happened on that text-based chat, the one who has mastered the method has a personal duty to teach the newbie. Then we may hope, the power of the universe will always be with us.

Thank you!
Well said BomBom

I totally agree with your statement !!
This is the only way everyone can accelerate his learning curve and
be profitable and may be financial independent in the future !!
By the way if you make money consistently with an EA e.g. at IBFX
you were put very quick on MANUAL EXECUTION so what !!
The discussion about this EA is meaningless for money purpose.
It could be only helpful to trade against an EA as reference to check
your knowledge.

By the way keep on with this thread and may the level of information we
got here never go down ;-))

Happy Pippin

Bernhard
  • #845
  • Edited 8:15am Dec 11, 2006 7:33am | Edited 8:15am
I made my first trade during late Asian, early London session. I am still not all the way through the thread and still do not know all the rules, I really enjoy learning as I go. Thanks to AHA for the indicator and thanks to CBrock and Hensch that answered a couple questions in TeamSpeak. First trade is below,

http://i136.photobucket.com/albums/q...y/121011pm.jpg

http://i136.photobucket.com/albums/q...ay/12117am.jpg
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #846
  • Edited 11:33am Dec 11, 2006 7:47am | Edited 11:33am
Quoting Mr Smith
ok guys, here is the compressed file.


http://download.yousendit.com/678711BB1546A596

I dont have any site to upload of my own, so here is a link to download it from a yousendit.com link.

I can do this for all future recordings if it helps some people.

regards Mr Smith
Hi there MrSmith, good work on reducing the file. All i did was simply host the file that wilma gave me. Apparently the original file was significantly larger so she did a good job of getting it down best she knew how.

I do have the domain space to archive such files and this was my standing offer to TraderBill and OrangeRoshan that i'm in this to help. So if you would like to PM or email me links to the uploaded files at their temporary homes, naming them something descriptive or sending me some companion text i will get them up at my domain for all to enjoy. It gives me pleasure to help in such a simple way.

As i type the new file is up at at the original link. Also with OrangeRoshan's statement that
Quote
"as a true Padawan and Jedi to this method will carry-on their plans by extending this method to the other universe with or without me. I have given enough materials in my 2 threads that will keep a trader buzy and profitable for life! I dont mind anyone extending this techniques everywhere in the Internet as long as it is NOT commercialised. "
i have decided that at least in the interem i will have a very simple page up with links to useful files and such at the site and will post the link here when i've got it up later today.

Cheers,
Thom

ps: teamspeak info: there was some good info shared by a trader on file use and if you are having difficulties playing the above file, you might need the "codex" available free at the following link: techsmith file tscc.exe. Also, FWIW, i play these files in winamp.
  • #847
  • Edited 11:41am Dec 11, 2006 7:53am | Edited 11:41am
Quoting accrete
Hi there MrSmith, good work on reducing the file. All i did was simply host the file that wilma gave me. Apparently the original file was significantly larger so she did a good job of getting it down best she knew how.

I do have the domain space to archive such files and this was my standing offer to TraderBill and OrangeRoshan that i'm in this to help. So if you would like to PM or email me links to the uploaded files at their temporary homes, naming them something descriptive or sending me some companion text i will get them up at my domain for all to enjoy. It gives me pleasure to help in such a simple way.

As i type the new file is up at the original link. Also with OrangeRoshan's statement that i have decided that at least in the interem i will have a very simple page up with links to useful files and such at the site and will post the link here when i've got it up later today.

Cheers,
Thom
Hi Thom,
Speaking for myself, Traderbill and the guys of Teamspeak, we are working on something unique and we will certainly try to include everyone. There are lots of decisions still to be made and please don't anyone think we are ignoring your suggestions and offers to help. As with everything we do, this will be a team effort.

Thanks,
  • #848
  • Dec 11, 2006 8:59am Dec 11, 2006 8:59am
Hi everyone.

ive just finish reading and testing SRDC 1, and now currently reading SRDC lv2 from the pdf document by Hensch (thanks for compiling it). After that i will reading the forum post.

btw is there any new indicator, maybe an update ver?
Because in the pdf, for the channel we have to use LRC channel, but in the post#3 by OrangeRoshan, the channel is SHI_Channel_true.

So can anyone give me the link for the new channel?

Thanks
  • #849
  • Dec 11, 2006 10:44am Dec 11, 2006 10:44am
Quoting Balflear
Hi everyone.

ive just finish reading and testing SRDC 1, and now currently reading SRDC lv2 from the pdf document by Hensch (thanks for compiling it). After that i will reading the forum post.

btw is there any new indicator, maybe an update ver?
Because in the pdf, for the channel we have to use LRC channel, but in the post#3 by OrangeRoshan, the channel is SHI_Channel_true.

So can anyone give me the link for the new channel?

Thanks
LOL... read the Forum first. Othervise you'd get confused.
  • #850
  • Dec 11, 2006 11:46am Dec 11, 2006 11:46am
Hi Fellow Jedites,


As was rightly considered in the TeamSpeak forum, it would be very nice indeed to let others, old and new, in the thread know how far the SRDC methods have been faring with the FX market.

So far, GBP has been very good to this forum at TeamSpeak. Take a look at the chart attached.

RED - Entry
BLUE - Take Profit

Right about 0400GMT, price was in the Q4 when i made my entry at 1.9477 for a long trade. I made an exit on that trade at 1.9564 (Channel median)bagging 83 pips.

I was in rather late on the second trade when price bounced off the 100% fib line in the Q4. I got 24 pips on that one. SRDC 1 yielded almost 60 pips on all three monkeys. It's working and i think we're almost there.

Food for thought: While writing this, price was headed for Q1. where'll it go next? Down, down, down, except channel changes. More pips to the harvest!

Thanks rOSHAN!

John-Paul

Over and Out!
Attached Image
I grumbled I had no shoes until I met a man who had no toes...
  • #851
  • Dec 11, 2006 12:05pm Dec 11, 2006 12:05pm
A very nice trade with the SOnday Monday described by Orange Roshan starting in post #35 of this thread.

Read through the information and look at the chart for the opening this weekend. After a bullish Sunday candle, the Monday opening went from about 1.9540 (cable) the price dropped right down to the bottom of the channel an easy 50+ pip trade. I heard the same price action on the other pairs we are looking at.

Don't miss this treade next week, a great way to start your trading week!
  • #852
  • Dec 11, 2006 12:13pm Dec 11, 2006 12:13pm
Hi Guys

I'd like to share with you what I believe is the application of the daily fib lines within the one hour LCR channel which played out today.

I drew the fib lines from the top of the channel to the bottom of the channel on the one hour chart at the start of today (as per fib drawing stated earlier in the thread). Price opened and headed straight for the fib line at the bottom of the channel, once there it formed a reversal candle, turned around and headed north.

In my mind we had 3 strong confluencing events.

1. Edge of channel
2. touch of outer fib line
3. Reversal candle

I'd like to thank OrangeRoshan and all the good folks at Teamspeak for their time, knowledge and willinness to share.
Attached Image
  • #853
  • Dec 11, 2006 12:54pm Dec 11, 2006 12:54pm
Hi Guys I'm confused,


I thought we were meant to draw the fibs from the bottom to the top,
if someone could clarify this that knows would be great.

thanks
  • #854
  • Dec 11, 2006 12:56pm Dec 11, 2006 12:56pm
Quoting John-Paul
Hi Fellow Jedites,


As was rightly considered in the TeamSpeak forum, it would be very nice indeed to let others, old and new, in the thread know how far the SRDC methods have been faring with the FX market.

So far, GBP has been very good to this forum at TeamSpeak. Take a look at the chart attached.

RED - Entry
BLUE - Take Profit

Right about 0400GMT, price was in the Q4 when i made my entry at 1.9477 for a long trade. I made an exit on that trade at 1.9564 (Channel median)bagging 83 pips.

I was in rather late on the second trade when price bounced off the 100% fib line in the Q4. I got 24 pips on that one. SRDC 1 yielded almost 60 pips on all three monkeys. It's working and i think we're almost there.

Food for thought: While writing this, price was headed for Q1. where'll it go next? Down, down, down, except channel changes. More pips to the harvest!

Thanks rOSHAN!

John-Paul

Over and Out!
Great trades. I catched the first one. sweet
  • #855
  • Dec 11, 2006 1:49pm Dec 11, 2006 1:49pm
Dear Lietuve,

My plod like approach at this stage is to use a time lapse screenshot program and take a series of timed images around the Q1/Q4 lines. Then over a month I might see if my reactions to the real life variations on Orange's strategy would bring the account undone or not and then compare to other better traders here than myself. If that all held together, that set of rules for particular setups could then go to a programmer to see if it was achievable.

If you need a once a day set and forget routine the fozzy method has much to recommend itself. I am trialing it myself too!

best
john
  • #856
  • Dec 11, 2006 2:28pm Dec 11, 2006 2:28pm
OK there's been some discussion on timezones and all in the TeamSpeak room and just today i received word from zonetick.com that they've just released a free version of what i've been using for some time as shown in the below image:

http://accrete.com/fx_posts/zonetick.jpg

here is the email of what i received. I do not know what the "limitations" they speak of are, but free is free and you might as well check this out!

Happy Trading,
Thom

Quote
Many customers have told us they wanted a basic, lite, FREE version of ZoneTick World Time Zone Clock.

We have good news! A FREE edition of ZoneTick is now available! Download it from the link below:

http://wrconsulting.com/downloads/zonetick_free.exe

It has some limited functionality when compared with the full version but it does tell the time in different parts of the world!

FEEL FREE TO SHARE it with your friends or colleagues.
  • #857
  • Dec 11, 2006 3:02pm Dec 11, 2006 3:02pm
Quoting accrete
OK there's been some discussion on timezones and all in the TeamSpeak room and just today i received word from zonetick.com that they've just released a free version of what i've been using for some time as shown in the below image:

http://accrete.com/fx_posts/zonetick.jpg

here is the email of what i received. I do not know what the "limitations" they speak of are, but free is free and you might as well check this out!

Happy Trading,
Thom
Good post, thanks
  • #858
  • Dec 11, 2006 3:43pm Dec 11, 2006 3:43pm
Quoting jsh01
Dear Lietuve,

My plod like approach at this stage is to use a time lapse screenshot program and take a series of timed images around the Q1/Q4 lines. Then over a month I might see if my reactions to the real life variations on Orange's strategy would bring the account undone or not and then compare to other better traders here than myself. If that all held together, that set of rules for particular setups could then go to a programmer to see if it was achievable.

If you need a once a day set and forget routine the fozzy method has much to recommend itself. I am trialing it myself too!
best
john
Thanks, John, I know what the fozzy method is, but I prefer to stay here. SRDC is also "set and forget" if one knows how to trade it. The days when trends reverse presents some challenge and need some discretionary methods to assess them, so because I never know when the day/night will come, I watch my charts cheerfully (typo, bet lets leave it this way). I hope some day I'll feel confident enough to leave my trades unattended if I need a break. I've followed and studied this method seriously enough to understand the possibilities it presents. The sky is the limit! It is safe, consistant and reliable. Beeing a full time forex trader (forex pays my bills) there is nothing else I want to pursue. When you'll get accustomed with this method more, you'll see the value of it. With a lot of charts and a lot of faulty English (not my native language) maybe I can do it, but why? O.R. gave enough and left unsaid enough for everybody to follow it as a personal adventure: "solve the puzzle and you are a winner!" That's fun. I don't want to take it out of your future discoveries.
Cheers,
  • #859
  • Dec 11, 2006 3:52pm Dec 11, 2006 3:52pm
Quoting Mr Smith
Hi Guys I'm confused,


I thought we were meant to draw the fibs from the bottom to the top,
if someone could clarify this that knows would be great.

thanks
Thank you for audio.
Fibs: 0 on the top when measuring DOWNTREND. 100 on the top when UPTREND. Reason (I presume) when going with a trend one can see how far it extends. Me personally, when I suspect the change of the trend I flip Fibs and Fib chanells too, but not necessarily I recommend that to you.
  • #860
  • Dec 11, 2006 4:11pm Dec 11, 2006 4:11pm
Greetings, i've trimmed down what had more goodies to be a simple page that lists some of the common tools and documents found throughout the SRDC posts. It would be greatly appreciated if any SRDC follower would PM or email me with information/document/file they feel would be beneficial at the page.

Of special need is to please let me know if there is a teamspeak recorded session available that i can archive there for us all. MrSmith, thanks again for the compressed file : )

OK, so the unofficial resource page can be found easy enough by going to www.accrete.com and follow the obvious signs. I placed the direct link on the currency trading resource page as it is currently getting about 1300 unique hits each month from all over the net. This to me is a benefit as there are more opportunities for people to discover Orange's model.

Happy trading,
Thom
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