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SRDC Episode II

  • #1,061
  • Dec 15, 2006 3:10pm Dec 15, 2006 3:10pm
Quoting hensch
This week we started with and uptrend and in the middle of the week, the trend changed downwards. This is how the charts looked like

Henry
Henry, I can't find this in the document anywhere about when changing trends to start from the new trend. It makes sense certainly, but I figured if that was part of the strategy maybe it would be in the document. Oh well, I know now.

I read the part about the spike, but what if there isn't a spike? What if the price slowly goes one direction (still bouncing in the channel). If you don't redraw the channel every hour, you may miss the bounce, but then again I guess you only play the bounce on ranging markets, so you wouldn't need to redraw.

Thanks for your help on everything.
  • #1,062
  • Dec 15, 2006 3:44pm Dec 15, 2006 3:44pm
Here are the possible trades from Friday December 15. Notice that when the CCI is greater than or less than 200 it is at the extreme and usually is a turning point . Combine the CCI and the trend lines and the probability of having a positive trade is in your favour.
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Dave If you can't swim with the sharks stay out of the water!
  • #1,063
  • Dec 15, 2006 4:01pm Dec 15, 2006 4:01pm
Message for the Jedi Master,

I enclosed my latest chart [that I have reversed the colours on! so that 'Scottie' can beam it to the forum with out it going to a 'Black' Hole] and I pose a question:

On the hourly trend chart, IF a LARGE Candle closures THRU' the LRC should we consider making a NEW Channel from that part forwad and going with the new Trend. The BLACK Area shows where it happened this week. I see that the Trend changed from UP to Down at the point. Bearing in mind we always rely on the Daily Chart to give to True Trend.

I would consider your thoughts on doing this...
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  • #1,064
  • Dec 15, 2006 4:07pm Dec 15, 2006 4:07pm
http://accrete.com/fx-srdc/srdcpix.png


The above is a picture of the daily srdc_level_ii template showing the Original FX Sniper CCI SRDC indicator overlaid with the same indicator drawing a DOT instead of the line. The ONLY mod to the original is the following just so you know it is the real deal and should cause no problems:

i took the original line that drew the CCI :

SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,2,Blue);

and changed it to this:

SetIndexStyle(0,DRAW_ARROW,2,0);
SetIndexArrow(0,108);

As some of you know i've been using the "DOT" on my RSI since summer of 2005...

If you wish to utilize this small visual tweak you may download it here.

The only other mod was to the data window name, it simply states CCIdot as i didn't feel the need to duplicate the name again since i'm just overlaying it on top of the original FXSniper CCI we are all using.

: ) Thom
  • #1,065
  • Dec 15, 2006 6:00pm Dec 15, 2006 6:00pm
Hi Accrete,

That was kind of neat. I saw that somewhere (I believe from a fozzy indicator) before but don't know that 's your invention. . But do you actually add an index for the arrow (dot) or just change the original line buffer to arrow buffer? If it's later, does the line disappear? I could check the code but ... a little lazy/busy lately.

aha



Quoting accrete


The above is a picture of the daily srdc_level_ii template showing the Original FX Sniper CCI SRDC indicator overlaid with the same indicator drawing a DOT instead of the line. The ONLY mod to the original is the following just so you know it is the real deal and should cause no problems:

i took the original line that drew the CCI :

SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,2,Blue);

and changed it to this:

SetIndexStyle(0,DRAW_ARROW,2,0);
SetIndexArrow(0,108);

As some of you know i've been using the "DOT" on my RSI since summer of 2005...

If you wish to utilize this small visual tweak you may download it here.

The only other mod was to the data window name, it simply states CCIdot as i didn't feel the need to duplicate the name again since i'm just overlaying it on top of the original FXSniper CCI we are all using.

: ) Thom
Target: Trading naked.
  • #1,066
  • Dec 15, 2006 7:08pm Dec 15, 2006 7:08pm
Well it looks like trendlines and trendline formations have been added to the method? I may have missed something but I dont recall this beind discussed. If I missed it-sorry. So while on the subject, i have read about ascending/descending triangles, wedges, and several others I dont remember. I dont have any links or articles handy, but if any of you vets do could you please post them so us noobs could get a refresher, or a whole new tool for some.

Also OR, to answer your question on wether it will open above the trendline, I say yes. CCI says up, but I see some tweezers there as well. I would be looking long. But I brought that up for a reason-tweezers. While you vets are at it, maybe some links or articles to candle formations as well.

I may be totally off base here asking or even mentioning formations as it may not be part of the method at all. But after getting back to basics so to speak, I have begun to see some of those things I read about and didnt give much credit to. Maybe I should have paid more attention while studying those????

And one last question. I am in CST zone. I really feel that I need to be in TS and be with some vets. Unfortunately I am a full time jobber and time is limited. I could get up a few hours early as that would be my only option. So are you getting much action if I were to join at the 3 or better yet 4 CST hour? I could stay for 2 or so hours. GMT messes with my mind and I am STILL not positive when London open is my time-LOL
  • #1,067
  • Dec 15, 2006 7:49pm Dec 15, 2006 7:49pm
Quoting blewmoon
Message for the Jedi Master,

I enclosed my latest chart [that I have reversed the colours on! so that 'Scottie' can beam it to the forum with out it going to a 'Black' Hole] and I pose a question:

On the hourly trend chart, IF a LARGE Candle closures THRU' the LRC should we consider making a NEW Channel from that part forwad and going with the new Trend. The BLACK Area shows where it happened this week. I see that the Trend changed from UP to Down at the point. Bearing in mind we always rely on the Daily Chart to give to True Trend.

I would consider your thoughts on doing this...
In the TS room OrangeRoshan said it was acceptable to move the LRC every 12 hours into each day. I believe it would be accetable also to move the LRC if a candle actually closes outside the channel.
Dave If you can't swim with the sharks stay out of the water!
  • #1,068
  • Dec 15, 2006 7:55pm Dec 15, 2006 7:55pm
I have the 15 min, 1 hr, and daily template for the SRDC II method. Is there also a 5 min template? If so, please post it. Thanks.
"Loss and failure are inevitable but misery is optional"
  • #1,069
  • Dec 15, 2006 7:58pm Dec 15, 2006 7:58pm
Thanks DownUnderDave

I am also a David, in Perth
  • #1,070
  • Edited 8:48pm Dec 15, 2006 8:38pm | Edited 8:48pm
Friday was a great trading day for us. The Big Boys were out as bears and bulls today, and orange roshan let us peak into the crystal ball using the cci 5 minute. It was very effective. I appreciate the professionalism of all the traders in the room.


Technical notes: If our main VOIP goes down (teamspeak) our back up server IP and Password will be posted on this thread.

Hope everyone has a great weekend...

and orange....thanks for giving my pips back.
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  • #1,071
  • Dec 15, 2006 8:44pm Dec 15, 2006 8:44pm
Hi all,

i am posting this in hope that you guys might wanna consider the probability of this. I love the srdc method and i trade with it all the time now. but instead of using fibos, i use pivot levels to get retracement points. pls give me ur views. thanks.

jest
  • #1,072
  • Dec 15, 2006 8:49pm Dec 15, 2006 8:49pm
surely you jest!!!!!!!
  • #1,073
  • Dec 15, 2006 9:50pm Dec 15, 2006 9:50pm
Quoting jest1081
Hi all,

i am posting this in hope that you guys might wanna consider the probability of this. I love the srdc method and i trade with it all the time now. but instead of using fibos, i use pivot levels to get retracement points. pls give me ur views. thanks.

jest

Sometimes, i feel the fibo is not very very impt. Ultimately, it is the channel that rules !
The future depends on what we do in the present.
  • #1,074
  • Dec 15, 2006 11:36pm Dec 15, 2006 11:36pm
I am wondering if anyone uses VT charts or Oanda to do the great work seen on this site.

Has Woodies CCI been used? A fine indicator on VT.
Also many built in channel tool choices with VT.

Simply sending out a probe.

Lou
  • #1,075
  • Dec 15, 2006 11:40pm Dec 15, 2006 11:40pm
Does anyone use the Gann Square of 9 and/or Square of Time to find support and resistance levels within the channel?

Please PM me.

Lou
  • #1,076
  • Dec 15, 2006 11:44pm Dec 15, 2006 11:44pm
Is anyone using turning points calculated through the Delta Phenomenon to help confirm channel turning points on an hourly or 4 hr time frame?

Please hail me on this frequency.

Lou
  • #1,077
  • Dec 15, 2006 11:56pm Dec 15, 2006 11:56pm
Quoting aha
Hi Accrete,

That was kind of neat. I saw that somewhere (I believe from a fozzy indicator) before but don't know that 's your invention. . But do you actually add an index for the arrow (dot) or just change the original line buffer to arrow buffer? If it's later, does the line disappear? I could check the code but ... a little lazy/busy lately.

aha
Yea, the FOZZY rsi thingy was in use by me back in the summer of 2005 on hourly charts through an FX mentor i was taking classes from. . . Fozzy mentions credit somewhere in the first few posts : ) Fozzy is having fun and making the pips ! My best to him and the FozzyFollowers.

There seemed to be some variation taking place by using the FXSniper RSI with the dots, so i changed to using the standard RSI in MT4 and just changed the same code as i posted above in our CCI case to make the RSI work.

The line is absent in the FXSniper CCI "dot" version, that is why i stated one should overlay the dot version on the original "line" version so you have both. I also realize that one could combine both and add another buffer and set it to dot, just wanted something simple to visually assist in my trades.

You are more than welcome to do with the simple tweak anything you wish to that may help our fellow FXers, the code is open and simple to view. Download and have fun. I only changed what i posted above.

: ) Thom
  • #1,078
  • Dec 16, 2006 12:15am Dec 16, 2006 12:15am
Hi Team,

Learn to draw trendlines.

- Spot at least 2-3 candles that shows a pattern
- Draw trendlines following the pattern
- See the candle breaking out from the Trendline or obeying them

This is good to spot DIP and BOUNCE. Master this basics as the BIG Jedis are using the same thing.
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Change Your Thinking. Change Your Life - JD
  • #1,079
  • Dec 16, 2006 12:23am Dec 16, 2006 12:23am
Quoting carmel
I have the 15 min, 1 hr, and daily template for the SRDC II method. Is there also a 5 min template? If so, please post it. Thanks.
Have you visited the resource page templates are there for the downloading.

: ) Thom
  • #1,080
  • Dec 16, 2006 12:47am Dec 16, 2006 12:47am
Quoting cbrock5000
...If you have the recordings and fast forward through the silent spots while driving in your car or resting on the couch along with a few of these charts you will have accomplished the same as the TS session in shorter time...
OK, you might have seen the edited sessions up at the resource page?. Well trust me, it took about 4 hours of editing time for each condensed 1 hour session. There are no "Silent" or "Blank" spots in these edited sessions. They are the meat. I listen to them over, and over, and over again. They are worth gold! Listening to them is very informative. What you will not get is the commradery and fellowship between FXers. I can't be in each team speak session, but when i'm in there i'm recording. It literealy takes hours to get all the "Aha", "Um" "Er" lines out and all the silence...but the finished result is like listening to an eBook from the masters themselves, the meat of the sessions.

I hope you can get into the room sometime, it is a blast and no recording can replace what takes place there, but the knowledge is contained within the edited versions.

: ) Thom
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