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SRDC Episode II

  • #1,001
  • Edited Dec 15, 2006 12:59pm Dec 14, 2006 3:49pm | Edited Dec 15, 2006 12:59pm
Quoting PipSteve
..is there any chance you could share how we draw the channels on the 5 or 15 minute charts, and some other pointers....

Hi Steve, TWO updated 1 hour audio presentations are available at the resource page. Simply download and study the file for 20061214a and b. It is last nite's teaching by OrangeRoshan on the updated method of using the 15m chart with "mini LRC" to effectively scalp the market.

http://www.accrete.com/fx-srdc/presentations.htm

PS : ADDED SECOND HALF OF TEACHING BY ORANGE


Cheers to all,
Thom
  • #1,002
  • Dec 14, 2006 4:27pm Dec 14, 2006 4:27pm
Hi Glen,
Nice going there, just wondering is that like 100-200 pips with 1 position,
or is it like if it moves 50 pips and you have 2 positions, that is counted as 100 pips, I get confused cause differnet people measure it differnetly.

Have you been ony taking the entries at q1 and q4, and have you been
taking srdc 1 entries as well, if you woulnd't mind saying a little about your entries and maybe some charts to show you channel and stuff, are you using the LRC to draw the channel.

Thanks alot.


Quoting glenn5t
cbrock5000

I agree I think a 100 pips a day is very easy, I have read somewhere in this post that OR says he achived some 200+ pips in one day, again I would say thats well within the range..

I have now completely changed over to this method and I have been trading it for a while and I can say that I have been achiving the same pips as OR everday...some 100 to 250 a day..

Its a very easy, simple system and thats the best part of it, I have introduced a friend to the method ( a person of some years trading and he cant belive how simple and effective it is..

So to the Master thankyou for sharing the method, and I look forward to SRDC 3.
  • #1,003
  • Dec 14, 2006 4:31pm Dec 14, 2006 4:31pm
Accrete, can I ask if you could put the date of the audio file (the actual recorded date) on your site? It would make it easier to follow along if I could look at the charts. If that is mentioned somewhere, my apologies.
  • #1,004
  • Dec 14, 2006 4:34pm Dec 14, 2006 4:34pm
Hi folks. This is my first post here but I've following the thread and have been in the TS room about every day.

I would like to thank OR for his humor and generosity and making himself available in the TS room. A few of us were confused early in the session being that we had 2 channels drawn and not knowing which one to follow. OR came in and taught how to handle the rangy markets by drawing the 15 minute micro channel.

The moderators are working hard for the folks not able to make it into TS so that you will receive the information as well.

I'd also like to thank traderbill, glen, and all of the guys and gals for making the TS room a fun and friendly environment. I think we're building many new and long lasting friendships with what we have here.

Since rojam is not available at the moment, I thought I'd go ahead and post my 1 hr chart and maybe it can be compared with others. I've never added a chart so I hope this works.
Attached Image
  • #1,005
  • Dec 14, 2006 4:43pm Dec 14, 2006 4:43pm
Westie.

happy to answer your question.

100 -200 pips in total.....but I do trade multi lots.

but the total pips is not broken down by lots...

so if I say 100 pips I mean as if it where one lot.

I feel that if it was 20 pips x 6 lots then i would be misleading you...because I have only made 20 pips.

And on the subject I trade multi lots so I can remove part at the first section , part at the mid section and so on, with a trailing stop of 25 after the pair have moved 30 pips, therefore locking in profits.
  • #1,006
  • Dec 14, 2006 4:44pm Dec 14, 2006 4:44pm
just wanted to say thanks again to Orange for his guidance...Orange you are my YODA!!!This 15 minute scalping technique quenches my lust for trading in those slow ranging days.
  • #1,007
  • Dec 14, 2006 4:47pm Dec 14, 2006 4:47pm
sorry missed the other part of your question... yes I only enter section 1 or 4 as per the method .

and I only enter when the Fx snipper is showing a cross, again confirming the move.

Exactly as per the SDRC manual...

Belive me this is a great method learn it and apply it....It works.
  • #1,008
  • Dec 14, 2006 4:59pm Dec 14, 2006 4:59pm
Hi folks, sorry to post this question again but I really want to find the answer so I can start testing it.

I listened to the 15 min bounce discussion on TeamSpeak. I understand the concept - pretty cool. However, the one thing that was not clear to me was where to start the 15 MIN LRC. Do I start drawing the LRC at the beginning of today, or I do I start it at the beginning of the week?

Thanks Fellow Jedi!

SirWolf
<!-- / message --><!-- sig -->
Believe and Achieve!
  • #1,009
  • Dec 14, 2006 5:16pm Dec 14, 2006 5:16pm
Thanks glenn, i appreciate the answers,

more questions,

do you only trade pound with it, or u using euro as well?

thnks buddie


Quoting glenn5t
sorry missed the other part of your question... yes I only enter section 1 or 4 as per the method .

and I only enter when the Fx snipper is showing a cross, again confirming the move.

Exactly as per the SDRC manual...

Belive me this is a great method learn it and apply it....It works.
  • #1,010
  • Dec 14, 2006 5:28pm Dec 14, 2006 5:28pm
sorry to keep bothering you glenn, i also took the same long as you,
but didnt' catch the short, just wondering if you have time ify ou could
post how your channel was drawn at thsi time, or did on this instance you entered the short in q2 or q3.

thanks


Quoting glenn5t
this system is the greatest!!!!!!!


I have just open up my charts all ready for the London open and while I was checking my setup I noticed a up move on the GBP/USD so I jumped in took 30 pips then opened shorts for another 30 + its still going as I speak...

what a way to start the day....

Iam one happy trader..


Glenn
  • #1,011
  • Dec 14, 2006 5:30pm Dec 14, 2006 5:30pm
Westie

With this method you can trade any pair you want...

But I stick to the old way of getting to know the pairs you trade and the way they move.

Therefore to answer your question I trade, GBP/USD...EUR/USD...USD/CHF...USD/JPY and USD/CAD.

I also find that the more pairs you have to trade the harder it is to keep track of them all....
  • #1,012
  • Dec 14, 2006 5:36pm Dec 14, 2006 5:36pm
Sorry I dont have that setup any longer as I move my fibs with the channel changes...it was off the 15 min chart..

But my setup is as per the method...heres a pic of my GBP/USD 1 hr...
Attached Image
  • #1,013
  • Dec 14, 2006 5:43pm Dec 14, 2006 5:43pm
Westie.

Just thinking about last night.....I think the short you are refering to was the bounce of the high..the GBP/USD moved a long way out of the channel and by watching the 15min and FX snipper I was able to pick the move back into the channel.

Maybe something people new to trading or this method should not try.And should stick to the Masters teaching and wait for it to enter the channel and having done so wait for the next 15min candle to confirm .

Again its just getting to know the pair.
  • #1,014
  • Dec 14, 2006 6:12pm Dec 14, 2006 6:12pm
And just one other thing I do , I only trade London and New York..and I have found good times are between 8-9 GMT and 14-16 GMT.


Thats just me, allow a old man his eccentricity..lol..
  • #1,015
  • Edited Dec 15, 2006 1:01pm Dec 14, 2006 6:42pm | Edited Dec 15, 2006 1:01pm
Quoting llambert3
Accrete, can I ask if you could put the date of the audio file....
Compliance. grin.

http://accrete.com/fx-srdc/presentations.htm

file name formatt now at presentation page:

YearMonthDayPartSRDC.FileExtension

that should help keep things organized.

Keep those ideas coming. I appreciate the feedback : )

Thom
  • #1,016
  • Dec 14, 2006 6:47pm Dec 14, 2006 6:47pm
thanks glenn
great help for me
westie

Quoting glenn5t
And just one other thing I do , I only trade London and New York..and I have found good times are between 8-9 GMT and 14-16 GMT.


Thats just me, allow a old man his eccentricity..lol..
  • #1,017
  • Dec 14, 2006 6:48pm Dec 14, 2006 6:48pm
Quoting glenn5t
Westie.

happy to answer your question.

100 -200 pips in total.....but I do trade multi lots.

but the total pips is not broken down by lots...

so if I say 100 pips I mean as if it where one lot.

I feel that if it was 20 pips x 6 lots then i would be misleading you...because I have only made 20 pips....
Thanks for that clarification Westie. This type of "misleading" arose in the TS room the other day. Some stated they had made over hundreds of pips in a particular move that was one quarter of what they had stated they gained. It sounded really amazing...then when they were questioned if they had multiple lots they said yes...It came out that their actualy take on the move was a few dozen pips. . . which was fantastic! BUT, for clarification and proper communication, i've found that many traders will simply state how many CHART PIPS (actual movement in pips they grabbed on the chart) and maybe say how many lots they were trading. Bottom line for me is, that i will gain much more insights into how you traded a passage if i know how many chart pips you aquired with your entry and exit per unit if multiple units/takeprofits were utilized.

Just a friendly ramble.
Thom
  • #1,018
  • Dec 14, 2006 6:54pm Dec 14, 2006 6:54pm
I agree. pips counted should be the chart amount...


  • #1,019
  • Dec 14, 2006 8:03pm Dec 14, 2006 8:03pm
Thanks for taking the time at teamspeak this morning. You keep teaching us something new everytime. I can start to see some of the universes coming together now. This morning was fun, and such a great learing experience. You definitely have Yoda's teaching ability.LOL I'd also like to thank TraderBill, and Rojam for all the time that they put in TS teaching and reinforcing what you are teaching us.
  • #1,020
  • Dec 14, 2006 9:07pm Dec 14, 2006 9:07pm
a lot of information in this thread.... i 'think' i undestood... now time to practice.... keep up good discussion here....

p/s: my 1st ever post here in ff....
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