SRDC Episode II

Good news. I already have two accounts, and those which provide Sunday bars are expensive to fund from here.

I'd also like to thanks Glenn5t for introducing me to this method. We don't get snow in the Southern Hemisphere, so may you be showered with pips instead!


Rob

Initially attracted to the thread by the humorous, simple yet effective method by Master Orange, I have been following both SRDC I & II over the last 4 weeks & the last 2 sessions in TS. The amount of informations provided & the experiences encountered are "uplifting". I don't have finance or IT background so I only observe & learn, but hopefully I can contribute in other ways as the community grows & needs arise.

Richard

Let me try to guess:
Now gbp is @ 1.9516. Channels middle line is @ 1.9527. So after Sunday opening it might go for an hour or two to dance around 1.9527 middle line.
Then it'll go down to the bottom of the channel (daily) which is at 1.9406.
This is just a guess, I cannot get connected to TS room, so I don't know any more secrets just the basics: the big guys buy/sell at the middle line. Price plays around at the middle line, then it goes according to the trend to touch the channel.
Also the few candles of Sunday are usually in the opposite direction than the Monday's day.
That's all. If I am wrong, please, somebody help me get into TS room, I need more couching.
Cheers,

are you referring to the 1 hour interval and is your channel drawn to the beginnig of the week. if so your median is at 1.9543

Master Roshan,
Here is an answer from a lowly padawan:

I have drawn fibs of the last major upward move and of the latest downward movement. We can see confluence of the fib lines.

The Sunday candle will be bearish and will head towards the 61% (1.9466)retracement level.
The Monday candle will be bullish. If the Sunday candle does not reach the 61% retrace level, the Monday candle will and will also bounce to the up side for a bull run.
The Tuesday candle will also be bulllish and will be a continuance of the long term upwards trend after a two week retracement.

My rationale:

1. The confluence at the 61% fib with the 100% fib shows strong support. The first test of 1.9644 support level was not breached and the second test of it may not either.
2. If the price bounces off support at the 61 fib level and we see a bull candle for monday, we may see a "W" formation and a bull run for the rest of the week or weeks.
3. If I extend my Nov channel, you will see that we are at the bottom of the channel at Q4. That means a bounce to the upside.
4. After the big bull upwards move previous to the last big one, there was a two week bear retracement before it took off again. It's been about two weeks in this bear move and should now go to the upside.
5. The Master's mention of two parallel channels has to have some significance. Otherwise, why mention it? Third parallel channel Master may say? Guessing am I? (As Master Yoda would say.)

And then, I may be totally wrong. If we break 1.9644 (61% fib), then all bets are off and forget everthing I wrote.

Team Speak Room ROCKS!!!!!!!!!!!!!!!!!
Special Thanks to Bill, Glenn, 4rex, rojam, aha, accrete, cbrock, melissa, lou, nj, dave, and others too numerous to mention. Sorry if I left anyone out. We are onto something big.
And a special Gratitude to Jedi Master Orange Roshan. PIPS are finally raining.

Hi OrangeRoshan,

Well, here is my analysis and prediction for Monday.

Since Dec 3 the short term Daily trend is down.

This is based on the attached 1h chart of GBP.

I drew my current hourly channel based on the weekly high on Dec 13 at 11:00GMT to the current low on Dec 15 at 18:00. If you draw the hourly channel based on starting from Monday Dec 11 I believe you’ll get a very wide channel with a slight up trend. I noticed that OrangeRoshan will draw mini channels on smaller time frames using the recent high and low, so I decided to follow his lead on the hourly.

Price action is in Q3 and Sunday will be an up day trying to reach the median.

CCI analysis.:
- CCI is under the 0 line but turning up.
- If it breaks the red trendline it will move up.
- Price is under the yellow 50 LWMA.

Sunday scenario :
- Suggestion => Price is climbing to the median
- Monday action => Price moves up and then resumes the established downtrend breaking the low of the Sunday candle.

Dear Thom Thom,

Wherever I go on this fx journey you are there and contributing. Your site is "fit for purpose" for this thread repository and other vital info. Many thanks, on this level.

But i need to go further.

I notice your tweak on the xpma with the channel. Nice. I use it. (And dear codersguru is one elegant coder too).

As you may remember, I use your accrete rsi on the fozzy strategy. And if my memory serves me well, it was this development of your combined indicator that allowed Dear fellow Australian , Fozzy, to create a perfect "manual EA" for the daily chart based on that sophistication of the indicator.

Now I like the Fozzy system , its a once a day set up . Orange's channel, follows the crosses almost to a tee on moving with ema averages. Moving against the ema's , Orange wins. But Fozzy is great and so easy to use.

Being a bit of a blender, though, one has to ask how can one use Orange's extraordinary insights into the minds of the big boys , in conjunction with Fozzy and market profiling. My "passion" is market profiling with Peter Steidlmayer's techniques and there is also much from this technique to juxtaposition with Orange's insight.

My take on Orange's question to me is like a musical quizz, (Guess the song from 3 bars). With Orange , it is guess the mind of the big boys with 3 candles, then go to the corect time frame that suits. I have found that Orange's methods work hand in hand with market profiling quantitative price rejection and acceptance analysis at key, or to become key, reference prices.

This is long winded I know, but here is what I found this week with my experiments using your indicator and lsitening to Orange (rather than fxsniper's ) and resulted in 7/7 successful trades for 270 chart pips. Not much I know but...

On the daily, the big boys are counter trade testing the conviction of the high gbp/usd. That was signalled by your daily rsi and by the channel indicators.( great work guys).

The mechanism I have used to go to the " right time frame " from the 1 hour chart is to use your rsi bollinger band. ie " when the rsi hits the band on the hour chart, be alerted, then switch to the 15 mintue chart and play the return cross if it is against the trend. If with the trend , watch 1 hour and 15 minute charts for continuation of trend. If in ranging mood, ( determined from use of your changes to codersguru xpma ), then exit on those pullbacks to the BB. If the price move is substantial like Friday night, switch to the 5 minute chart, then use the cross. I find that your crosses are about the same as fxsnipers. The movement out of the BB is the trigger to go to a finer time scale. Thats nice , thank you Thom.

So for some small steps towards a semi-auto EA, the first step I am taking is to use your rsi indicator and Orange's reading of the big boys and see if I can make a contribution towards a sensitive conversational EA first. It could take 6 weeks or a lifetime. Until the strategy is well tested and sorted out with switches for different behaviour , it will just end up in the EA "oh well I tried " file folder. I am with AHA on his issues 100%.

So thanks Thom, muchly, for all your efforts. Your rsi indicator is much more valuable than you are recognised for..... is the message I guess I want to say.

And for those people who are frustrated by not getting onto Teamspeak.. perservere and get on it... it took me 3 days , but I have a handicap, I have a PhD in systems! Thank you very much to the Teamspeak team.

best
john
melbourne australia
ps ......and blewmoon is the best tutor and friend you can have.......

Balflear,

Between the hours of 1:30 am - 9:30 am EST.


C u soon

does anybody know a link where i can download the fx sniper's indicator?

thanks a million

Hi Mosheber !

Just jump to post #3 in this thread.
Orange posted the indicator there.

Keep on learning !!

Greetings

Bernhard

Welcome and you will be able to contribute if that is what you wish.
It is important that the threads be read more than once. You will notice that even students that have been here a long time continue to find teachings from Orange's clues that they did not see at first.
Conversly you can observe some that wish to have things handed to them without careful reading of the threads.
Make no mistake this is not a GRQ method, it is A path/journey.
The Force with you.

Looking forward to see this out
Thanks OrangeRoshan !

Master Roshan, are you trying to give us a clue that there's a history repeating itself on the chart you show to us?

If so, then I think for monday's candle will be black as it will drop till the Q4 and almost penetrate the lowest channel, and on tuesday it will form the white candle and go back to Q1 as it will try to test the top of the channel. <-- The channel and Quadrant I talked here is the little down channel.

about SRDC1, wow......I can't wait for its advance edition....
The "grandmother edition" of SRDC1 has built "a pips mine" to my account everyday, while on the same time, combines with compunding quantity trading, that will become "a giant pips mine" , then what next with the "Advance edition of SRDC1"? well...well.....can't wait to see it.....

Thank You so much to teach us how to trade!

PS : My grandmother asked me to ask U, is it possible for her to trade the SRDC1 advance edition?....... L O L

Who can't wait for the new trading week to start? With what we learned last week using the 15 min and 5min channels and the CCI, this week should be the best ever.

Those of you who have been a part of this thread and Teamspeak already know what to expect but for those of you yet to experience a live trading session, hold on to everything. Come in for an hour or the entire day. Whenever you can.

I invite everyone to join us in Teamspeak this week and find out why we are all smiling this weekend. Nothing takes the place of live trading and having all these great people in the trades with you. It gives you confidence that you too will become a successful trader. Teamspeak is open 24/7 and the way to get in is this:

Download Teamspeak client. Use address 24.163.41.56 in nickname put your Forex Factory name and the password is getpips. We are starting to register users and you will be required to register soon.

Don't miss one more exciting session when the charts are moving, trades are live and the pips are flying. There is no substitute for this experience!

Master Roshan,

With respect to your question I feel the key is in the word 'parallel'.

Perhaps I am being simplistic here Forgive a newbie still playing catch up! But does the fact that the channels are parallel imply that there is some level of price replication taking place from one channel to the next? So you could almost chop the channels at an appropriate point and place them seamlessly (within reason) one on top of the other.

If so, I would expect Monday black candle be cut 50/50 by median, and Tuesday white candle below it, bouncing off bottom of channel.

With thanks,

I see 1.9300 late in the week, but what do i know-LOL

Im attaching a doc on candle, trendline, channel formations. It is a good read for beginner-intermediates. I gave it no credit when I first started this, now I see its value. I had to .zip as it was to large.

Hmm, didnt attach. One more try....

EDIT, still didnt work, Any ideas why. Its a 1.75mb .zip

i had the same problem. is it windows zip ?

If it good and very infomative, might as well give to accrete so that he can upload it on his website.

Hello My Fellow Padwans:

Ok, so the attached charts represent in retro (after ingesting/digesting with an occasional heartburn) our Master's instruction and the rest of our Senior Jedi's here and at Teamspeak, I have come up with last week's entries. Please, please it is meant for your comments/advise/support. I am hoping that with your help I will be able to get closer to the "force" and be able to help others in need. The charts will come sequentially in three posts. Basically, my decisions were made by going from the Macro(daily) to the Micro(1hr/15min). The entries and exits are do not reflect slippage, and spreads greater than 4 pips, in other words pay more attention to my logic than to the $$$$ stated. I did not post this in the SRDC Journal because there are not real trades.
Thank You.