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SRDC Episode II

  • #1,081
  • Dec 16, 2006 12:50am Dec 16, 2006 12:50am
My Lord (Orange),

I guess you've helped jedis here making more pips than taking them away directly from them so there's no need to apologize. Me being a newbie to forex has gained much confidence by following your teachings, my lord.

For eg., for the past 2 trading days, just to test your methods, my demo account has actually gained 99 pips. Trades on the 14th was traded with scepticism and thus the lower amount of pips harvested.

Yes I know it's very risky to trade 1 lot with every position with regards to the "deposited" amount but I was just trying to judge just how resilient your method is.

And sure enough, it was Pippin' licking good :

So with the trends these past few days, what is the strategy for monday? Which trend to follow on the daily chart? The main trend (uptrend from Nov 06) or the mini trend (downtrend from the beginning of December 06)?

Seeking your advice, my lord...
Attached File(s)
File Type: doc 14&15 dec 06.doc   171 KB | 566 downloads
  • #1,082
  • Dec 16, 2006 1:50am Dec 16, 2006 1:50am
I've compiled an approach that is more flexible than the LRC because it allows more granular manipulation of the channel by hour increments rather than days. So rather then pulling lines you can just draw it to the hour candle you want. For 15 minutes use 4 for every hour back. I could add the other internal lines if the forum finds it valuable. See Attached
Attached File(s)
File Type: mq4 jaimeca Channel.mq4   5 KB | 544 downloads
  • #1,083
  • Dec 16, 2006 2:05am Dec 16, 2006 2:05am
nice job, i put it on a micro channel, 6 hrs, looks very nice. could you make the other lines optional?
  • #1,084
  • Dec 16, 2006 2:10am Dec 16, 2006 2:10am
Lets see what Master orange Says..Is it a worthy weapond against the imperial army ?
  • #1,085
  • Dec 16, 2006 2:24am Dec 16, 2006 2:24am
is what I meant
  • #1,086
  • Dec 16, 2006 6:15am Dec 16, 2006 6:15am
Hi Orange and all the other Pippers

Regarding this amazing Friday 12/15 session on teamspeak I have to
thank all guys and of course our jedi master for this tremendous lesson !!!!

During the teamspeak session you told about trading on the 5 min chart
using CCI and trendlines.

You're settings on the FXSniper were => 2,10,1,2

Referring to this settings I've attached my 5 min chart with the following
FXSniper settings => 4,8,5,4

When you look at the attached 5 min GBP chart you can see the following :

1. When you look at the brown trendline on CCI you see that its broken
at about 13:25 GMT to the upside !!

2. Also the LWMA 50 line was broken to the upside (Thanks Rojam )

3. Furthermore the RSI 19 penetrated the 50% line to the upside !!
(Thanks Rojam again )

4. We also had a divergence on CCI to the upside !!

You see we had a confluence of 4 events at that time !!

And now look at the magenta trendline and see when the downmove
was predictet......

Orange perhaps we should discuss these settings on CCI more detailed

Just my 2 cents...

Happy Pippin

Bernhard
Attached Image
  • #1,087
  • Edited 9:45am Dec 16, 2006 8:30am | Edited 9:45am
Hi Team,

Notice both channels (July & Oct) are parallel to each other. Doesnt that tells you something?

The last 2 weeks candle was on a downtrend hitting the Oct Channel at the median? Now, Using with what you have learned, do you know where the Monday & Tuesday candle will be? Down or up?

I will leave this question for you to ponder and discover.

May the Force be with you.
Attached Image
Change Your Thinking. Change Your Life - JD
  • #1,088
  • Dec 16, 2006 8:35am Dec 16, 2006 8:35am
Quoting behof
Hi Orange and all the other Pippers

Regarding this amazing Friday 12/15 session on teamspeak I have to
thank all guys and of course our jedi master for this tremendous lesson !!!!

During the teamspeak session you told about trading on the 5 min chart
using CCI and trendlines.

You're settings on the FXSniper were => 2,10,1,2

Referring to this settings I've attached my 5 min chart with the following
FXSniper settings => 4,8,5,4

When you look at the attached 5 min GBP chart you can see the following :

1. When you look at the brown trendline on CCI you see that its broken
at about 13:25 GMT to the upside !!

2. Also the LWMA 50 line was broken to the upside (Thanks Rojam )

3. Furthermore the RSI 19 penetrated the 50% line to the upside !!
(Thanks Rojam again )

4. We also had a divergence on CCI to the upside !!

You see we had a confluence of 4 events at that time !!

And now look at the magenta trendline and see when the downmove
was predictet......

Orange perhaps we should discuss these settings on CCI more detailed

Just my 2 cents...

Happy Pippin

Bernhard
Well, Its cool with me baby. Its a Zero Sum equation anyway. Use what works for you guys. Im teaching price actions and market sentiments. The best way to learn is from you own mistakes.

Read all my posts again, you will see the answer you are looking for.

May the force be with you.
Change Your Thinking. Change Your Life - JD
  • #1,089
  • Dec 16, 2006 9:16am Dec 16, 2006 9:16am
Quoting OrangeRoshan
Hi Team,

Notice both channels (June & Sept) are parallel to each other. Doesnt that tells you something?

The last 2 weeks candle was on a downtrend hitting the Sept Channel at the median? Now, Using with what you have learned, do you know where the Monday & Tuesday candle will be? Down or up?

I will leave this question for you to ponder and discover.

May the Force be with you.

Is it Down or Up. ? I saw nothing in all the posts on parallel channels so cannot deduce.
  • #1,090
  • Dec 16, 2006 9:40am Dec 16, 2006 9:40am
As many of you know TraderBill and Preacher seldom sleep and are always working on ways to improve Teamspeak. The server has been down for a time but is now back up and running. We will continue to improve and upgrade TS and will try to do so during non-trading times.

Enjoy your time off and look forward to another great week!!!
  • #1,091
  • Dec 16, 2006 9:43am Dec 16, 2006 9:43am
Quoting behof
Hi Orange and all the other Pippers

Regarding this amazing Friday 12/15 session on teamspeak I have to
thank all guys and of course our jedi master for this tremendous lesson !!!!

During the teamspeak session you told about trading on the 5 min chart
using CCI and trendlines.

You're settings on the FXSniper were => 2,10,1,2

Referring to this settings I've attached my 5 min chart with the following
FXSniper settings => 4,8,5,4

When you look at the attached 5 min GBP chart you can see the following :

1. When you look at the brown trendline on CCI you see that its broken
at about 13:25 GMT to the upside !!

2. Also the LWMA 50 line was broken to the upside (Thanks Rojam )

3. Furthermore the RSI 19 penetrated the 50% line to the upside !!
(Thanks Rojam again )

4. We also had a divergence on CCI to the upside !!

You see we had a confluence of 4 events at that time !!

And now look at the magenta trendline and see when the downmove
was predictet......

Orange perhaps we should discuss these settings on CCI more detailed

Just my 2 cents...

Happy Pippin

Bernhard

Behof, How do you put trend lines on your CCI ?
  • #1,092
  • Dec 16, 2006 9:51am Dec 16, 2006 9:51am
Quoting OrangeRoshan
Hi Team,

Notice both channels (July & Oct) are parallel to each other. Doesnt that tells you something?

The last 2 weeks candle was on a downtrend hitting the Oct Channel at the median? Now, Using with what you have learned, do you know where the Monday & Tuesday candle will be? Down or up?

I will leave this question for you to ponder and discover.

May the Force be with you.

Judgement is on Sunday night candles to guage for Mon direction..

Right now, at 1hr, it is at Quadrant 4... so likely a bounce up for Monday but overall trend is still down.

The future depends on what we do in the present.
  • #1,093
  • Edited 10:10am Dec 16, 2006 9:56am | Edited 10:10am
Master Roshan,

Ok, I'll put my robe back on...it's a bit chilly! Check my pocket and you will see that I have no indicators...only price action baby!... Ok, talk the talk and walk the walk...here it goes:

Monday I see a continuation of the downtrend showing in Dec channel from its bounce on Q1 but.... Tuesday we may see price up from Q4 bounce .......Jedi in training trying to learn and willing to be humbled





Quoting OrangeRoshan
Hi Team,

Notice both channels (July & Oct) are parallel to each other. Doesnt that tells you something?

The last 2 weeks candle was on a downtrend hitting the Oct Channel at the median? Now, Using with what you have learned, do you know where the Monday & Tuesday candle will be? Down or up?

I will leave this question for you to ponder and discover.

May the Force be with you.
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  • #1,094
  • Dec 16, 2006 10:01am Dec 16, 2006 10:01am
Quoting compro99
Judgement is on Sunday night candles to guage for Mon direction..

Right now, at 1hr, it is at Quadrant 4... so likely a bounce up for Monday but overall trend is still down.

Yes one hour should move up through to quadrant 1, On the sunday candle reversal I did a little back test of sunday candle being the inverse of monday and I found that statiscally it was not as significant as The master 9/10. As well even though the candle may have been inversed eg,,Bear instead of Bull, it did not mean that the candle provided enough pip yield in the inverted direction to benefit. Have you had different experience with sunday candle ?
  • #1,095
  • Dec 16, 2006 10:23am Dec 16, 2006 10:23am
Quoting traderlismiss
As many of you know TraderBill and Preacher seldom sleep and are always working on ways to improve Teamspeak. The server has been down for a time but is now back up and running. We will continue to improve and upgrade TS and will try to do so during non-trading times.

Enjoy your time off and look forward to another great week!!!
Hi i havent gotten into teamspeak yet and wish to enter soon.

My question is what is the latest ip and setting for this ts?
and what time do you guys enter?

coz previously you was giving an ip for ts and later preacher165 was giving another diffrent ip. which 1 should i use? and if i enter without a mic is that ok for all of you?

btw could you or some1 else (hensh maybe) do a summary on 5min + cci + trendline just like what hensh did for LRC and quadrant. I know accrete has the audio for it, but i need some screenshot aswell for the explanation.

Thanks.
  • #1,096
  • Dec 16, 2006 10:44am Dec 16, 2006 10:44am
Quoting Balflear
Hi i havent gotten into teamspeak yet and wish to enter soon.

My question is what is the latest ip and setting for this ts?
and what time do you guys enter?

coz previously you was giving an ip for ts and later preacher165 was giving another diffrent ip. which 1 should i use? and if i enter without a mic is that ok for all of you?

btw could you or some1 else (hensh maybe) do a summary on 5min + cci + trendline just like what hensh did for LRC and quadrant. I know accrete has the audio for it, but i need some screenshot aswell for the explanation.
Thanks.

The address for Teamspeak is: 24.163.41.56. Last week we had the server go down for a short time and preacher was quick to post the address for the backup server. Next week will post all the settings and the protocol in case of server failure. In addition starting next week all users will be required to register their forexfactory name as their name in TS.
  • #1,097
  • Dec 16, 2006 11:09am Dec 16, 2006 11:09am
Hi Folks !

As you can see on the attached 1h chart of GBP the trend is still down !
This is shown by the brown trendline on CCI.
- CCI is under the water line (0 line)
- RSI 19 stays under the 50% line
- Price is under the LWMA 50
- Price is at the median LRC channel line.
So at the moment we have a price consolidation
(continuation pattern)

Bull scenario :
- Lets wait for the CCI to cross the brown trendline.
- This should indicate a counter move to the upside.
- Target should be the upper channel trendline.

Bear scenario :
- Price breaks the low of the previous candles
- Target should be the lower channel trendline


Sunday scenario :
- Suggestion => Price is climbing to the upper side (Q1/Q2)
- Monday action => Price continous his established downtrend as
mentioned by Orange in the Sunday daily candle play

Happy Pippin

Bernhard
Attached Image
  • #1,098
  • Dec 16, 2006 11:21am Dec 16, 2006 11:21am
Quoting behof
Hi Folks !

As you can see on the attached 1h chart of GBP the trend is still down !
This is shown by the brown trendline on CCI.
- CCI is under the water line (0 line)
- RSI 19 stays under the 50% line
- Price is under the LWMA 50
- Price is at the median LRC channel line.
So at the moment we have a price consolidation
(continuation pattern)

Bull scenario :
- Lets wait for the CCI to cross the brown trendline.
- This should indicate a counter move to the upside.
- Target should be the upper channel trendline.

Bear scenario :
- Price breaks the low of the previous candles
- Target should be the lower channel trendline


Sunday scenario :
- Suggestion => Price is climbing to the upper side (Q1/Q2)
- Monday action => Price continous his established downtrend as
mentioned by Orange in the Sunday daily candle play

Happy Pippin

Bernhard
if it was you woud see you are in the 4th quadrant at the trend line
  • #1,099
  • Dec 16, 2006 11:27am Dec 16, 2006 11:27am
The audio files from the TS sessions are fantastic. Thanks Accrete for posting them on your website.

One thing that would help when discussing the channels during TS would be to define the start and stop dates/times of the channels being discussed. That way when we listen to the tape a few days later we can go back and draw the same channels for reference.

Thanks again for this great resource.
  • #1,100
  • Dec 16, 2006 11:50am Dec 16, 2006 11:50am
Balflear,

No mike is Ok. You will not be the only one. Come in relax and no question is considered dumb...... unless you have not read SRDC1 & 2 at all.

C U Soon



Quoting traderlismiss
The address for Teamspeak is: 24.163.41.56. Last week we had the server go down for a short time and preacher was quick to post the address for the backup server. Next week will post all the settings and the protocol in case of server failure. In addition starting next week all users will be required to register their forexfactory name as their name in TS.
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