SRDC II Journal for All

Hi All,

Just wanted to start a team journal for SRDC II. I know this will benefit me greatly and I hope you as well to be able to post trades we took, rationale behind taking the trade(s), compare our analysis with others, and allow others to comment and possibly correct our logic if it's faulty.

My last trade:

Trend changed today from short to long and we had an extremely long candle on the 15min chart that approached the 0 weekly fib level -- I went short at this level while the price was just a smidge in the top quadrant. I set a target of 10 pips due to it being countertrend. Result -- +10pips.

I consider this a high risk trade and not following SRDC rules hard and fast.

Good Idea Jeff. I will see if I can come up with something usefull.

Greetings, fun nite but a long one for me. I was in the TS room most of the nite but had the net connection down for a while here on the Oregon coast (70+mph wind gusts for a bit took out some trees), but was able to get some action for a few pips:

http://www.accrete.com/fx-srdc/trade...6-12-1215m.png

Fairly basic SRDC stuff, just looking for breaks of resistance in today's case, breaking yesterday's high for the first trade, then took the second after the bounce off the 4th Q support line.

: ) Thom

I exited my previously posted trade due to the fact that I was lazy and didn't want to watch it. If I followed SRDC 2 rules as I understand them I would have sold 3 lots in Q1 -- taken 10 pips on the first lot, taken TP2 at the channel midline at 1.9659, and let the 3rd lot (smallest percentage) run and had a possible 40 pips down to the 23.6 retracement.

Thank you for starting this, wonderful idea, and exactly what I needed.
But I am a little confused. I thought SRDCII trades on the 1 hr chart, with the 4 quadrants setup .
Are you using an indicator for the channels?

Thank you for your help.

Jeff

Thanks for starting this thread.
It is very hard to read the lines of your chart due to the background colour.

Also if you want to comply with the method rules, the quadrants should be shown on hourly chart.

All up to you.

Regards

howard

PipSteve - on TeamSpeak we've been drilling down to the 15 minute to fine tune entries/exits. Always, always, always looking at the hourly and daily prior to doing anything. I use Aha's LRC tool, but the channels you are seeing are Standard Deviation channels that seem to fit better at the current time.

Howard, you are right. Because my charts get so cluttered so easily I am using the Quadrants by site instead of actually applying them to my charts in the charts you are looking at. I used an Orange background in honor of Orange Roshan, but you are absolutely right it's very hard to see. I'll try white next time (black kills too many printers).

Cheers,
Jeff

Also, we've even been looking at the 5 minute chart as Henry has pointed out there is lots of good detail there when price action plays about the Quadrant lines as shown here, the same morning as in my 15m trade above but a few more hours into the day:
http://www.accrete.com/fx-srdc/trade...6-12-12-5m.png

Acrete, you mention TLaudioAlerts, what is that please?

Thanks

If you go to Accrete's website, he has some Trend Line audio alert indicators you can download. Just place them along the channel lines on your latest channel and it will give you an audio alert when it hits that line. I believe their posted under Accrete's trading method. Also, make sure you get the soundfiles that go along with the indicators. They're posted in the same place.

Cheers,
Jeff

Been having internet connectivity issues today so no new trades posted by me today. Anyone who caught a move earlier today -- please post it!

Cheers,
Jeff

Jeff, will you be kind and PM me an address of TeamSpeak site?

Thanks in advance