SRDC Episode II

I am not certain if Orange trades all the USD pairs, perhaps only the GBP/USD. I am aware he mentioned eur, gbp and aud/usds in SRDC 1. So today I watched those three specifically. I really did not like eur/usd movement, gbp/usd movement I also didnt like too much, being a beginner. However, aud/usd had 2 very fine moves that were very simple to trade.

I posted the URL to my chart, since I use a black background (Dark Side forces have overcome me).. dont print the image.

Yellow lines are the short and long taken.

http://i136.photobucket.com/albums/q...ay/1218aud.gif

Hi StockJay !

Great stuff boy
Congratulations.....
Keep on doing it like a real jedi !!

Greetings

Bernhard

I would take some time to go over the thread. Specifically look for posts by Orange Rosham to read, you will also see a couple files that have been uploaded you might find useful.

Hi Orange, the other day you mentinoed that we should try to find the market rhythm. I added the I-ParamonWorkTime indicator to the chart and played with the times abit. You can see that the candles poked thru the upper line at the same time for the last three nights. I thought that was interesting.

Hi guys

This morning i was a little confused about what LRC projection do I must follow: the one with Friday included or the other one with out Friday so let´s see what happened.

The LRC with Friday included works well:
1. Price at 0 Hours is at Q3
2. Price jumps to Q2 piercing Q1
3. Price falls Q3 piercing Q4
4. Price returns to the median.

http://img178.imageshack.us/img178/2...6165900fg9.png


Now without Friday (works well too)

1. Cero hours price bar is at Q1
2. Price jumps to Q2
3. Price goes down, broke the channel support line and penetrates a trendline formed by wed and Friday lows
4. price consolidates below the limit of Q4 and Q3

http://img247.imageshack.us/img247/1...6165632iv7.png

The most important thing is both were profitable. Master OR suggested this morning both ways were correct but day ending I feel more comfortable with Friday included projection. What do you think guys?

Tragapips

What is channel wide? Which diference each others (123 or 192)? Can you explain more about?

Thanks RRBO

OK
First english is not my native language so please excuse me if I don´t use the proper words.

When I say channel wide I mean the difference in pips between upper band and lower band of the channel

Hope it´s clear now.

Traga,

It seems to the first fits better. But anyway, do you draw it manually or using some sort of indicator....tq

Hi all, some 2 new audio files up at the RP:

www.accrete.com/fx-srdc/

: ) Thom
Off to work, C U in the chat room

Got some pips yesterday .... SRDC rocks... now im learning to improve more on channel drawing...

[/quote]
Forex trading is not an exact science, if you want an exact science then you better stick with chemistry.
[/quote]

Thanks, for advice I wasn't asking for, but I quess you missed the point:

to me forex trading is an activity with exact rules of measure applied to MM, R/R, timing and historically reliable method of trading (SRDC lev2 fits my requirements 100%).
I don't have to stick with anything else. And you don't have to advice me on my personal decisions.
Cheers,

I trade the one with Friday included, but I guess it depends on how you understand the price action and the market. All roads lead to Rome.

Like the trendline accrete drew a few post ago which identified the bottom of today's price, it can be identified by the channel with the Friday included, and can be identified by other methods too. I got 40 pips off that major support (should get more but you never know at this countertrend situation). Channel is really powerful tools and combines almost seamlessly with the way I was trading. it not only confirms the major support and resistance, but also provide reference as when the price will get there.

Forex trading is not an exact science, if you want an exact science then you better stick with chemistry.
[/quote]

Thanks, for advice I wasn't asking for, but I quess you missed the point:

to me forex trading is an activity with exact rules of measure applied to MM, R/R, timing and historically reliable method of trading (SRDC lev2 fits my requirements 100%).
I don't have to stick with anything else. And you don't have to advice me on my personal decisions.
Cheers,[/quote]

Hi lietuve,

I didn't mean to offend you. I was just saying that everyone will draw trend lines and channels a little bit different. With the the number of people in this forum we will never get total agreement on where the channels starts and where the channel ends. We spent 2 hours in the TS room discussing that very issue on Monday and when OrangeRoshan posted his channel on the fourm not many of us had drawn it in the same manner. We are all here to help each other and if there is anything I can help you with just let me know.

Sorry for the missunderstanding.

Behof, keep up the good work! Well done! Yes, this is what I want from this thread! People will learn faster from every chart you post! I usually don't have a big chance to stay in TeamSpeak, your chart does give me back those times I absent in TeamSpeak!

Regards

Hello,

Wilma a regular at TeamSpeak and a seasoned trader shared with us a way to use Strategy Tester in MT4 where you can place any indicator and backtest its results. Here is a quote from her this morning:

"Anyone wishing to improve their logic trading SRDC 1 and 2 should consider using the visual mode in strategy tester to go back through previous trades.. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
place any indicator in the expert section and set the lots traded in the parameter to 0 so it does not place trades"

If this information on how to set it up interest you. I have attached a copy of the transcript from TeamSpeak. I edited text not relevant to her explanation.

Thank You Wilma

OK, then me sorry too for beeing so sharp with you. Let me explain myself a little bit.
I have posted a chart recently with channels. You are right, I draw my channels in a very exact manner, to the point that i enter the date and time not manually but by using date and time parameters under the channel properties. If everybody'd do the same there would be no confusion whatsoever. Else, by incorporating a monthly channel we usually draw on the daily chart, into a H1 chart, I got all the quadrants in one place, which clears off most of the confusion where relatively to the big trend, the daily price and quadrant is.
I am a very quite person and usually I don't speak, unless I have some message to pass. That was my message: the simplier, the better. OR's method is almost perfect, no need for anything else. No one responded, except you sending me to chemistry class. I just shook my head and said to myself: unbelievable! And wrote that sharp response to you. Sorry.
I am attaching the chart again. Please look at it, and tell me where and one would I need any additional indicator or whatever. Plus: if you switch the time frame to the M15 - you have almost perfect M15 chart for trading. What else is needed?
I had to squeze the chart, because I wanted to show the bigger picture, where relatively to each other the Monthly, daily, weekly Quadrants and channels are. It's easier to show my point of view this way.
Cheers,


Thanks, for advice I wasn't asking for, but I quess you missed the point:

to me forex trading is an activity with exact rules of measure applied to MM, R/R, timing and historically reliable method of trading (SRDC lev2 fits my requirements 100%).
I don't have to stick with anything else. And you don't have to advice me on my personal decisions.
Cheers,[/quote]

Hi lietuve,

I didn't mean to offend you. I was just saying that everyone will draw trend lines and channels a little bit different. With the the number of people in this forum we will never get total agreement on where the channels starts and where the channel ends. We spent 2 hours in the TS room discussing that very issue on Monday and when OrangeRoshan posted his channel on the fourm not many of us had drawn it in the same manner. We are all here to help each other and if there is anything I can help you with just let me know.

Sorry for the missunderstanding.[/quote]

Accerete,

A very infomative site you have there. Helps the newbie a lot. May God bless you for your great contribution.

I have download the SRDC templates and it works fine with GDB/USD, but i can't use for other currency. Is there any set-up that I have to change in oreder to use for othe currency?

Anyway, thanks in advance. You are great man.

Lietuve,

I think your method is terrific. I find myself flipping back and forth through the timeframes looking for my triggers. I believe your combined chart could pull the important data together. OrangeRoshan's Level I and II are best at their simplest. It has been confirmed many times in this thread. Why change it? I would appreciate seeing your setup, if you have it documented.

Thanks, Dan

Same here, would you pease explain how you setup in more detail.

"when the price will get there."..... sounds interesting, how do you know or what indicator do you use?