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SRDC Episode II

  • #1,181
  • Dec 17, 2006 9:11pm Dec 17, 2006 9:11pm
This is the chart and channel that the users in Teamspeak endorse. We will use this unless OR tells us different.
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  • #1,182
  • Dec 17, 2006 9:22pm Dec 17, 2006 9:22pm
Are your channel lines drawn by hand or are you using an indicator to draw them? thanx

Quoting traderlismiss
This is the chart and channel that the users in Teamspeak endorse. We will use this unless OR tells us different.
Trade what you see - Not what you think
  • #1,183
  • Dec 17, 2006 9:31pm Dec 17, 2006 9:31pm
Quoting Lou G
Note that the Sunday/Monday reversal effect is still alive and well. For those who missed my earlier post on this subject, it also reversed from the Friday candle. This makes 7 of the last 11 - a healthy 64%.
Lou G
Thanks for back checking and giving us that information. Once again, the best indicator of price is.......... price !


Lou
  • #1,184
  • Dec 17, 2006 9:37pm Dec 17, 2006 9:37pm
Quoting traderlismiss
This is the chart and channel that the users in Teamspeak endorse. We will use this unless OR tells us different.
The current channel on the 1 hr chart is drawn with the LRC tool in MT4.
Again, most people using the SRDC method have opted to draw the channels using the LRC tool. This is a manual method, where you need to decide where the channel will start and where it will end. Then it needs to be periodically adjusted by pulling the right hand side to the last completed candle. This method applies to all time frames. There are several indicators in the thread used to automatically draw the trendlines but most of us in the Teamspeak room are using the LRC so we can be consistant in drawning are channels. This doesn't mean the channels have to match up pip for pip, so long as you are close and the angle of the channel are the same. This is the other reason that we suggest to all new comers to the thread to download the InterbankFX platform.
Dave If you can't swim with the sharks stay out of the water!
  • #1,185
  • Dec 17, 2006 9:40pm Dec 17, 2006 9:40pm
Hi Team,

Dont you just love monday? As I type this, im 17+ pips. I could exit now, and smile all the way to bed (I havent sleep yet).

Today, I will update the channel.

Mine is updated only until End of 14th DEC. I didnt pull it until Friday because movement on that day is too Jabaish. I prefer a sort of average price range kind of LRC. My LRC, still reminded me of the TakeProfit party we all had last Friday. When I pull it until Friday, the channel will cover the excess price movement.

The trend is still good and Monday is usually quiet. However, pulling the LRC to end of Friday doesnt make you wrong. Its a matter of preferance and .......... (figure it out)!!

Happy pipping and dont forget to use proper risk management on your lots.
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Change Your Thinking. Change Your Life - JD
  • #1,186
  • Dec 17, 2006 10:14pm Dec 17, 2006 10:14pm
Quoting OrangeRoshan
...Today, I will update the channel.

Mine is updated only until End of 14th DEC. I didnt pull it until Friday because movement on that day is too Jabaish. I prefer a sort of average price range kind of LRC...
Thank you for that clarification Orange. I have had a negative-personal issue (call it a gut feeling) on moving the channel each time a move takes place. I like the idea of having that channel "average" as you stated, the price action over XX period realizing that there will be peaks outside the channel. What i was having issues with is if i move the channel each time it makes a move then i get the feeling i'm just creating a channel that will tell me what i want to see instead of what i should "see"...hopefully i'm making sense.

Thank you again, the LRC use is that much clearer with the nugget you shared.

Cheers,
Thom
  • #1,187
  • Dec 17, 2006 10:24pm Dec 17, 2006 10:24pm
Hi all, i just uploaded a 25 minute segment of the 13th (still have ~600 megs to go through that session). The file named 20061213aSRDC.wav at http://accrete.com/fx-srdc/presentations.htm focuses on bounce trades within the LRC and the use of trailing stops and a short discussion of CCI use.

Cheers,
Thom
  • #1,188
  • Dec 17, 2006 11:30pm Dec 17, 2006 11:30pm
Master Orange,
My outlook at different time frames, look them over and tell me where i make mistakes and instruct me in the ways of the force.
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  • #1,189
  • Dec 17, 2006 11:32pm Dec 17, 2006 11:32pm
My 4 Hour Chart
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  • #1,190
  • Dec 17, 2006 11:34pm Dec 17, 2006 11:34pm
My 1 Hour Chart
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  • #1,191
  • Dec 17, 2006 11:36pm Dec 17, 2006 11:36pm
15 Minute Chart
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  • #1,192
  • Dec 18, 2006 12:00am Dec 18, 2006 12:00am
Only a yellow alert.....

I notice that a US housing index comes out today at 6 pm gmt.

It may be concidence but there was a housing report at the time of the trigger for the bull run from 17th november. If this is correct ( and I am not sure yet) then if the figure is good/ bad the market may respond before or on that time.
best
john
  • #1,193
  • Dec 18, 2006 12:24am Dec 18, 2006 12:24am
Quoting Bobokus
15 Minute Chart
Well done Bobokus !!

Now wait for the CCI to cross your trendline to the downside !!

Happy Pippin
  • #1,194
  • Dec 18, 2006 3:26am Dec 18, 2006 3:26am
yes! down it goes!



Quoting behof
Well done Bobokus !!

Now wait for the CCI to cross your trendline to the downside !!

Happy Pippin
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  • #1,195
  • Dec 18, 2006 3:38am Dec 18, 2006 3:38am
Hi there, got the second half of the TS of the 13, this 32 edited session features Rojam touching on 5m and 4hr charts, Fibo Targets, Price Action and trading around news...and practicing patience to wait for the best entry. This is a 3.7 meg wav file edited by Accrete.

File is named 20061213bSRDC.wav

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

Cheers,
Thom
  • #1,196
  • Dec 18, 2006 3:44am Dec 18, 2006 3:44am
Quoting anthony500
yes! down it goes!
how can i get CCI indicator ?
{Link Removed}]
  • #1,197
  • Dec 18, 2006 3:47am Dec 18, 2006 3:47am
the cci indicator is on the first page of this thread, the first couple of posts made by OR



Quoting kenari05
how can i get CCI indicator ?
  • #1,198
  • Dec 18, 2006 4:12am Dec 18, 2006 4:12am
there are so many posts with personal interpretations lately. I just wondering, were those interpretations discussed in TS room with OR? If not, what significant is in them. I found it a little bit confusing.
I still believe in channels until it is proven otherwise.
Can you guys when posting something unusual explain how it pertains to SRDC lev2 method.
Personally I like the method for it's simplicity, but I might be wrong, without me knowing, maybe the method is becoming more and more complicated ?
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  • #1,199
  • Dec 18, 2006 6:05am Dec 18, 2006 6:05am
Quoting downunderdave40
Hi Miguel,

Many of us in the team speak room are using LRC instead of AHA's indicator. I myself, feel that AHa's indicator draws the channel a bit too wide. Just my 2 cents.
Dave
Quoting Lou G
Download the new version (post #903) - looks like you have one of the earlier editions. It should look like this:
Thanks for the answer guys
  • #1,200
  • Dec 18, 2006 6:54am Dec 18, 2006 6:54am
here is an example I guess of the mini LRC applied on the 15 min this morning, forming a nice little channel. I haven't been in TS but maybe that was discussed there earlier
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