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SRDC Episode I

  • #621
  • Dec 10, 2006 2:47pm Dec 10, 2006 2:47pm
thanks for the info stockkjay , do they have only 50:1 leverage ? what about 100:1 ?
  • #622
  • Dec 10, 2006 3:29pm Dec 10, 2006 3:29pm
Quoting Iskander
thanks for the info stockkjay , do they have only 50:1 leverage ? what about 100:1 ?
Unfortunate for some they do only have 50:1. Though do not hold that against them. With a good strategy like SRDC 1 and 2 both seem to be, that will only impair small accounts for a small time.

I do not know if your account is small, it is just many like 100:1, even 200:1 because they feel they will profit quicker.

If you go under the broker forum on this site, I am sure there will be a few individuals that may be able to give you better suggestions.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #623
  • Dec 11, 2006 4:07am Dec 11, 2006 4:07am
If the padawans here would like to see the "Sunday/Monday candel" and the "break below yesterday,s low" demonstrated, just look at todays GBP on a 5 or 15 minute chart. Both tech are principals of SRDC I and where good for about 100 pips so far and we are only 11 hrs into the day.

Follow the path
  • #624
  • Dec 11, 2006 6:38am Dec 11, 2006 6:38am
Hi Roshan
Thanks for ur Great method i like it a lot and i think that this Method safe up to 25 pip t/p i'm thinking now about insterting Trailing stop on this method
45 pages is a lot to read i read only to pg 15 do u have any update in this Method after this point (Expect Ea's)

regards
~Walid
  • #625
  • Dec 11, 2006 8:02am Dec 11, 2006 8:02am
fuh...

Ive been reading from pages 1 till now, and i have to say that im very impress with the master jedi OrangeRoshan ways of teaching( + jokes and sarcasm ).

Ive already tried backtest and well the result seems promising. But ive notice many complain about the risk to reward ratio. Well for me, im still a newbie and still need alot of reading and demo trading and SRDC i think is the easier method to trade with.

1 question though, can we use this system to trade during big news such as NFP? Since ive notice, if using SRDC both buy and sell stop will be open, so is it advisable to trade?

thanks
  • #626
  • Dec 11, 2006 8:06am Dec 11, 2006 8:06am
Quoting bapxyz
If the padawans here would like to see the "Sunday/Monday candel" and the "break below yesterday,s low" demonstrated, just look at todays GBP on a 5 or 15 minute chart. Both tech are principals of SRDC I and where good for about 100 pips so far and we are only 11 hrs into the day.

Follow the path
I thought that for SRDC 1 we need to look at daily chart only?

Well i did trade today (monday) when the sunday candle finish, i set the S & R + the buy/stop and tp/stoploss.

Since it is too fast when it penetrates , i cant even modify my tp(5) to more. So for monday is it ok not to put tp?
  • #627
  • Dec 11, 2006 8:20am Dec 11, 2006 8:20am
From what i know, monday movement is not the same all time round. And for tp, unless u babysit it else dont. Be happy every pips u earn even how small it is.
  • #628
  • Dec 11, 2006 9:03am Dec 11, 2006 9:03am
Quoting stonie
From what i know, monday movement is not the same all time round. And for tp, unless u babysit it else dont. Be happy every pips u earn even how small it is.
Thanks for the info. Well since for 0000 GMT my time will be GMT+8 i can babysit for a while.

How about big news?
  • #629
  • Dec 11, 2006 9:11am Dec 11, 2006 9:11am
Quoting OrangeRoshan
Does anyone have fun with GBP and EUR today?
SRDC I gives a lot of Jedi Pips today.
I live in London - Still practising your method - On the daily chart where was the candle that you drew your lines on today - Where would the candle show in my time GMT on metatrader please
mama
  • #630
  • Dec 11, 2006 9:25am Dec 11, 2006 9:25am
Quoting bapxyz
If the padawans here would like to see the "Sunday/Monday candel" and the "break below yesterday,s low" demonstrated, just look at todays GBP on a 5 or 15 minute chart. Both tech are principals of SRDC I and where good for about 100 pips so far and we are only 11 hrs into the day.

Follow the path
What was the high and the low of srdc 1 candle on gbp today please?
mama
  • #631
  • Dec 11, 2006 9:31am Dec 11, 2006 9:31am
Could someone please tell what the exact times (GMT) the small Sunday bar candle begins and ends? This way we can all keep track of the move from 'open' to 'close' (so to speak) and have a good indication for the next 24H direction on whichever charts we are watching. Please use GMT, as it is the accepted world time. Thanks in advance.
  • #632
  • Dec 11, 2006 9:40am Dec 11, 2006 9:40am
Quoting dcoats
Could someone please tell what the exact times (GMT) the small Sunday bar candle begins and ends? This way we can all keep track of the move from 'open' to 'close' (so to speak) and have a good indication for the next 24H direction on whichever charts we are watching. Please use GMT, as it is the accepted world time. Thanks in advance.
Thats what I am also trying to figure out -
mama
  • #633
  • Dec 11, 2006 9:56am Dec 11, 2006 9:56am
Quoting Mama007
What was the high and the low of srdc 1 candle on gbp today please?
are you refering to the complete bar formation for today? If yes, its not over yet. 6 hrs more to go from the time i posting this.
  • #634
  • Dec 11, 2006 10:02am Dec 11, 2006 10:02am
Quoting stonie
are you refering to the complete bar formation for today? If yes, its not over yet. 6 hrs more to go from the time i posting this.
No I was refering to the Sunday candle that we would use to draw the high and low so we could get in on the action for Monday
mama
  • #635
  • Dec 11, 2006 10:05am Dec 11, 2006 10:05am
We are asking about the small, tiny Sunday candle that most charts don"t get. The one that is supposed to give about 9 out of 10 good directional trades to going opposite this tiny bars open to close. In GMT time, what would the so called open time and close time be? Does anyone know....Please? Thanks.
  • #636
  • Dec 11, 2006 10:05am Dec 11, 2006 10:05am
Quoting stonie
are you refering to the complete bar formation for today? If yes, its not over yet. 6 hrs more to go from the time i posting this.
"Sunday/Monday candle" and the "break below yesterday,s low is what I wanted to know as we are different in the United Kingdom GMT Of you could post a chart that would be great
Thanks
mama
  • #637
  • Dec 11, 2006 12:26pm Dec 11, 2006 12:26pm
I hope the question is not too bad.
Small recap of how I understand it.

daily chart:
Draw resistance & support line on the previous candle.

Enter trade if any of those lines are broken....

Question: Can I enter a trade anytime I see that it goes a certain way, or should I ONLY enter it when it hits either lines and not after that?

Should I confirm somehow of the direction for sure before entering?
I am asking because I entered long on GBPUSD, since the resistance was broken, but now of course it goes against me.
I am sure I am missing something.

Don't send me back to Endor please.
Steve
  • #638
  • Dec 11, 2006 2:06pm Dec 11, 2006 2:06pm
PipSteve,

You draw your support/resistance lines at the high/low of the previous days candle but your entry point should be (as a rule of thumb) +1 pip + the spread. So, if your support was at 1.9500 on the GBP and it broke the support line then your SellStop order should be sitting at 1.9500 + 1 pip + 4 pip spread (spread differs) or 1.9505.

cheers,
Jeff
  • #639
  • Dec 11, 2006 2:17pm Dec 11, 2006 2:17pm
Quoting investingjeff
PipSteve,

You draw your support/resistance lines at the high/low of the previous days candle but your entry point should be (as a rule of thumb) +1 pip + the spread. So, if your support was at 1.9500 on the GBP and it broke the support line then your SellStop order should be sitting at 1.9500 + 1 pip + 4 pip spread (spread differs) or 1.9505.

cheers,
Jeff
I hope I understand you correctly, and forgive me if I don't.
In your example I would enter the trade at 1.9505? I wait 5 pips to make sure it goes the right way?

What about enterring at other times in case I missed that first opportunity?

Thank you for your help and patience Jeff.
Steve
  • #640
  • Dec 11, 2006 2:27pm Dec 11, 2006 2:27pm
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
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