SRDC Episode II

Hi guys,

Looks like we had another tough one today. I guess the many uninitiated would have bit off their fingers on the many intrigues of today's cable market.

Well, I try to post my trades for the day cos it's common sense that every student should/must do his home work. I would appreciate any corrections, criticism or education as could refine my trading skills.

Though there was a lil bit of confusion in the Classroom(Teamspeak) in the early hours of today as to the trend direction - Some thought we were in an uptrend, others thought we were still in the downtrend. I thot I was confused . Price was actually at the border between last week's LRC and this week's LRC ( See red arrow in chart). It finally played out kinda nice in the end.

I got in my first trade (amidst the controversy) for a short (red arrow) and a take profit at last week's LRC median. I was lucky to have moved my SL to +5 pips when I was in considerable profit before price bowed to the power of the uptrend, therefore confirming it!

The second trade (blue arrow) was taken just at the Q4 border just bcos i thot I had missed the previous spike into Q4. I got out at the median with just a lot ( I was scared price may reverse into the previous channel). Sorry Master Roshan for that minute of doubt. I know, I know.....67554 Jedi pips penalty!

Altogether, 34pips. Not too much.... guess I tried!


Looking Forward to Levels 3 & 4....


I love OrangeRoshan and Jedi Pips


John-Paul,
Over and Out.

Hi Team,

This indicator need a bit polishing. Any volunteer?

I wasn't in Teamspeak, but I remembed the Master rules. He said the Trend 'often' changes on a Monday and we should start our LRC there. I did this manually and had the change of trend very soon. With listening to the audio [thanks to every one for recording that etc], I managed to get plently Jedi pips [132 on Tues with the trend].

Many, many thanks to the Master Jedi and to all.

I have learnt more about trading in the past two weeks than in the previous 7 years.....

Here's my 15min chart

I did 2 trades today. Both over 50 pps. Just to know that the method is doing wonders to my personality - I am not nervous while trading anymore. That's the biggest benefit of all (pips are sweet too ). I am not going to post charts, though, because the thread is already huge and my charts look just like the others.
Thank you O.R.
BTW I didn't enter the contest for best kisser on video. Never participated in that kind of contests, so I really don't know; didn't want to be a looser on a such a good day.

Hi everyone,

Special thanks to the master OR for his help , this is a great thread. I have a question regarding the trend change on monday. OR said that there could be a trend change on monday, is that because only of the news of the end of last week or is there another indication we could look after , specially looking at the LRC of last week? Also when on monday were you guys sure of the trend change?thanks

anthony

The plunge meander & measure rule can be used to confirm upward breakout target prices. Note the circled areas, and specifically the distance from the last trendline touch (NFP Friday) to the actual breakout of the new trend, then measure the largest distance from the upper trendline down to the lowest price between these 2 points. Then project that line from the breakout point to find a possible target price. In the index world this price is touched approximately 80% of the time. Note we currently reside near the top of the channel and should expect a retracement soon as SRDC 2 recommends.

I just start drawing the new channel on Monday and see where it takes me... And I don't put on the LRC 'Ray' on a Friday so that it doesn't cause me confusion....I hope this is correct...

Hi there, thought i'd post this fun image of the GbpUsd 5 min chart. Henry was looking at the 5m TF and so i opened one on my MT4 platform, lots of information there on those Quadrant lines!

http://www.accrete.com/fx-srdc/trade...6-12-12-5m.png

( a post of my SRDC trades today +66pips )

link to an Unofficial SRDC resource page ; )

Hi Orange, what are you looking for? I'm still bringing myself up quickly to all of the rules here, but I have a considerable financial and programming background.

The Price Range (width) on the Indicator is slightly bigger than it should. It would be nice when it follow the MT4 LRC width. This indicator pickup the trend early; help padawans with their ART 101.

Too many pips laying around today!! Hope everyone sees it...

Orange, i looked at the code, what did you have in mind? Quadrant lines or similar goodies?

Here is my 10 min doodle that added the quadrants...what else do you want?

http://accrete.com/fx-srdc/indicator..._Channel_2.mq4

: ) Thom

off to work during the Asian, be back tonight and hopefully in TSroom also.

Thanks Thom. I didnt know your spaceship can do wap 9 too. But unfortunatelly, you miss the location of the Red Planet.

The Channel is too wide. The Red line should be where the Red dotted line is. Which means a smaller channel. Draw the Default MT4 LRC, and you will see the true size (bottom LRC = Dotted red line).

Thanks, I await your spaceship!

Orange, what about this. I reset the std. dev to 2.5 vs. 3

I have been hunting around the forum for rules on drawing the LRC. Could someone show me what # post it is on?

Thanks

Guken,

This was posted by Henry(Hensch)

Drawing the LRC
<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><!-- message -->OK, after the TeamSpeak session today, that's the way our channels should look
like (without the Quadrant Lines) and these are the facts to consider for
correctly drawing them:

We use The LRC channel. This is LINEAR REGRESSION CHANNEL. This is standard on
MT4 charts. Go to Insert>Channels> Linear Regression. (Forget Quadrants, and
Fibs for now)

Daily:

1)According to Roshan, the Big Boys draw their channels at the beginning of the
month. This means, we are in a downtrend and we have a Sell bias.

2) To properly draw the LR channel, place it on the MONTHLY divider and pull it
to YESTERDAY'S CANDLE. We use Yesterday's candle because it's a completed
candle.

3) Pull the right side of the LR channel every DAY to the new completed candle.
To do that, double click on the median line. You'll see three points. Pull the
one on the right side to the new completed candle.

4) At the beginning the month (trading days 1 and 2), since we still don't have
enough candles to draw the LR channel, we have to use the last few candles from
the previous month.

http://picnac.com/images/1364DailyCH1.gif

1 Hour LRC

1) We draw it at the beginning of the week, this is Monday 00:00, and move it
accordingly every 24 HOURS. Same procedure as daily.

2) As on the daily, when starting a new week, this is early Monday, we have to
use late Friday/Sunday candles.

http://picnac.com/images/37631h.gif

3) Now, this is something new we learned today during the TS session with Jedi Master Roshan. If for any reason
(news) there's a big spike and price goes WAY BEYOND the Channel limits, once
its completed, we can re- draw the channel by pulling the right side point of
the LRC to the spike/candle. This way we are up to the hour on the newly
adjusted channel levels.

http://picnac.com/images/60691h2.gif

Hope this helps.

Henry

PS: Quadrant explanation follows.
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Your Spaceship miss by a few sound years. Just a little bit smaller. Draw LRC from MT4, see where the bottom channel circumsize some of the candles. Aaahhhhhh...... Ouch...

hai guysss..... how about this picture.....

Hi All,

I have been in the Teamspeak room almost every day for the past 2 weeks and I must say I am very impressed with the method and all of the traders in the room and here at the forum. You know you're on to something speacl when seasoned traders with years of experience are coming to the room to learn the system and share their wisdom with all of us.

I've struggled with my trading over the last 15 months and I have searched high and low for a system/method that I felt comfortable with. Well, folks...I can honestly say that the SRDC method and OrangeRoshan are the real deal. If you want to transform yourself from a below average trader to a trader with a world of possibilities then put the time in and study this method. If you want to put your learning into warp speed then come and join us in the Teamspeak room. You guys & gals in the Teamspeak room...ROCK!

Thank you OrangeRoshan...you are the Yoda of Fx trading.

slightly tighter std. dev
this time I drew the stock MT4 LR channel on top of this one and kept adjusting the std. dev until its hard to distinguish between the two. Let me know what else you need, only takes a few minutes.