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SRDC Episode II

  • #1,321
  • Dec 19, 2006 5:00pm Dec 19, 2006 5:00pm
if i were a big boy...what would i do....
http://gamers4jesus.com/bb.jpg
  • #1,322
  • Edited 5:34pm Dec 19, 2006 5:11pm | Edited 5:34pm
Woooohooooo..... just what I was about to say!!
Excellent commentary and good research. Keep it UP!

Force is with you Glen!
Change Your Thinking. Change Your Life - JD
  • #1,323
  • Dec 19, 2006 5:12pm Dec 19, 2006 5:12pm
thank you sir
  • #1,324
  • Edited 5:34pm Dec 19, 2006 5:15pm | Edited 5:34pm
Quoting behof
Hi Orange !

First of all I apologize for posting my charts here in this thread.
It was just my point of view and I'm erning some good jedi Pips with it
Referring to your educational posts I've done some homework......

BOY I NOW KNOW WHY YOU LET OUT THE FRIDAY 15 SPIKE IN DRAWING
YOUR TRENDLINES !!!

YOUR MENTOR MUST BE A VERY EXPERIENCED GUY, BECAUSE THIS
IS THE WAY THE BIG BOYS DID IT BEFORE THE INVENTION OF THE PC

Just my 2 cents Orange

Hope to read from you soon master..

Bernhard
That chart with channel you just drew has a trillion words embedded in them. One that can take you guys a long way..... Practice Practice Practice.

Thats more like it. Trading at its rawest form!!
Change Your Thinking. Change Your Life - JD
  • #1,325
  • Dec 19, 2006 5:18pm Dec 19, 2006 5:18pm
Quoting Tragapips
Incredible 223 pips range at the moment of this post. Never thought this day would be this way.

OR says we must learn to draw trendlines... a bit confusing have to say sometimes. Take a look: red trendlines and green horizontal high and lows on 1 hour.

http://img172.imageshack.us/img172/4...6152447jp2.png

Now see on 5 min how price plays with this lines and respect the new LRC

http://img369.imageshack.us/img369/8...6153441pf1.png

Note: I used 5 mins to remark how price plays with trendlines but remember our timeframes are the same 15 min, 1 Hour and Daily charts.
The British would say,"Thats Bloody predictable old chap!!"
and the American would say,"Aint that soooo predictable!"
and I say,"Its right under your nose!!"
Change Your Thinking. Change Your Life - JD
  • #1,326
  • Dec 19, 2006 5:21pm Dec 19, 2006 5:21pm
preacher165

very intresting observation, I would also add for the new people here that

during last week of dec we usually get a very volitile market , volume is light but the market can be very volitile . last year a friend of mind lost 80% of his account in one day . I belive friday will be that day ...

Be carfull....Tomorrow will be my last day for the year...


So I willl see you here again next year some time in Feburary, have a great Christmas all.
And may God Bless you...

Glenn
  • #1,327
  • Dec 19, 2006 5:21pm Dec 19, 2006 5:21pm
Quoting glenn5t
anybody looking at GBP/JPY....setting up .
Its a currency good for carry trades when you are a buyer, like now...
Change Your Thinking. Change Your Life - JD
  • #1,328
  • Dec 19, 2006 5:30pm Dec 19, 2006 5:30pm
Quoting Tragapips
Master OR

Please some advice is needed. Today, price goes through two old resistances and i think they play an important role in price action today.

According to the LRC I drew price is at Q1 and depending on price action a sell would be the next step.

Question: is safe to go short with this 2 trendlines still so near to price? and can you confirm this LRC (Blue one)


PD: Forgot to mention price reach 161.8 fibo level (not shown in the chart).

Thanks in advance

http://img86.imageshack.us/img86/520...6173021re3.png
See what happens by 00:00GMT.
Follow the SRDC rules religiously!!
Change Your Thinking. Change Your Life - JD
  • #1,329
  • Dec 19, 2006 5:33pm Dec 19, 2006 5:33pm
Quoting glenn5t
preacher165

very intresting observation, I would also add for the new people here that

during last week of dec we usually get a very volitile market , volume is light but the market can be very volitile . last year a friend of mind lost 80% of his account in one day . I belive friday will be that day ...

Be carfull....Tomorrow will be my last day for the year...


So I willl see you here again next year some time in Feburary, have a great Christmas all.
And may God Bless you...

Glenn
Thats a long hoilday man... more than a month?
Anyway, the only explaination why someone lost 80% of his account in a day is wrong money management and revenge.

Have a good Holiday!!
Change Your Thinking. Change Your Life - JD
  • #1,330
  • Dec 19, 2006 5:45pm Dec 19, 2006 5:45pm
yes I agree, I need a long hoilday to make up for the months of sitting in front of a computer for days on end...lol..

Keep up the good work this is a great thread..

Glenn
  • #1,331
  • Dec 19, 2006 5:47pm Dec 19, 2006 5:47pm
Orange,

Evidently I'm just not getting something. I had a mega huge loss today, at least in pips. Well back to studying. I hope I don't have to take on Darth with my Light Sabre anytime soon, as I see where I still need much more training!!!
  • #1,332
  • Dec 19, 2006 5:48pm Dec 19, 2006 5:48pm
My Fellow Padawans,

Back to the basics! Why because in this highly techno world we have everything handed to us. The LRC is a handy tool but in my opinion it makes us lazy and puts our brain cells to sleep. Let us bring back the sense of smell that the older generation of trader had when it came to sniffing what the big boys were up to. I for one will practice drawing trendlines to refine my olfatory skills so that I can develop an understanding beyond right and left clicking this plastic mouse. For newbees and others in need of a refresher on drawing trendlines here is a link that explains it clearly and concisely.

http://www.fxcm.com/chart-1-what-is-market-trend.jsp

To our success
All 4 1 and 1 4 All
  • #1,333
  • Dec 19, 2006 6:08pm Dec 19, 2006 6:08pm
Quoting conasounga
Orange,

Evidently I'm just not getting something. I had a mega huge loss today, at least in pips. Well back to studying. I hope I don't have to take on Darth with my Light Sabre anytime soon, as I see where I still need much more training!!!
Orange Rosham stressed to always be aware of SRDC 1 even while trading SRDC 2. If you notice today, if you had followed SRDC 1 on pairs such as eur/usd and gbp/usd, there was a a very large breakout from the previous days high. If you had terminated your order at that time and had gone long you would have been up significantly.

If I am directing people in the wrong direction, please someone, correct me! I am aware nothing is as simply stated as acted upon, though today was huge for SRDC 1, yet many lost large on SRDC 2.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #1,334
  • Dec 19, 2006 6:19pm Dec 19, 2006 6:19pm
Padawan Conasounga,

Have no fear! Stay on course. We will succeed. Here is the saber that will protect you. It belongs to the young Obi.
Stay the course


Quoting conasounga
Orange,

Evidently I'm just not getting something. I had a mega huge loss today, at least in pips. Well back to studying. I hope I don't have to take on Darth with my Light Sabre anytime soon, as I see where I still need much more training!!!
Attached Image
All 4 1 and 1 4 All
  • #1,335
  • Dec 19, 2006 6:26pm Dec 19, 2006 6:26pm
Quoting 4rex
Padawan Conasounga,

Have no fear! Stay on course. We will succeed. Here is the saber that will protect you. It belongs to the young Obi.
Stay the course
LOL Looks just like the one I bought my boy for Christmas. I will continue to train under the watchful eyes of the council....Thanks mate!
  • #1,336
  • Dec 19, 2006 6:33pm Dec 19, 2006 6:33pm
Quoting ptejerina
A long, long time ago, Roshan mentioned this about a triangle... what was that triangle about? I can't get it from the image.

Pablo.
Hi all,

In case you didn't see my question or were lost about what I was talking, I would like to post it again.

Roshan's original post was #577 for you to see:

http://www.forexfactory.com/forexfor...gle#post154068

Sometimes I think some of Roshan's posts are not completely analysed, and this is one of them. Please, Master Roshan, or anyone who knows what that triangle is about, please reply.

Cheers,

Pablo.
Pablo
  • #1,337
  • Dec 19, 2006 6:43pm Dec 19, 2006 6:43pm
Quoting ptejerina
Hi all,

In case you didn't see my question or were lost about what I was talking, I would like to post it again.

Roshan's original post was #577 for you to see:

http://www.forexfactory.com/forexfor...gle#post154068

Sometimes I think some of Roshan's posts are not completely analysed, and this is one of them. Please, Master Roshan, or anyone who knows what that triangle is about, please reply.

Cheers,

Pablo.
Hi, Pablo

Just my 2 pips here. I posted a chart with a triangle included and asked for a bit of review, but no takers. Check post #472. I believe the triangle is where the most momentum occurs. You draw it from top of channel in a new day to bottom, then 90% accross down to bottom again. My triangle slipped a bit when I posted it, but you can get the idea. I haven't heard it mentioned since.

- Dan
  • #1,338
  • Dec 19, 2006 7:19pm Dec 19, 2006 7:19pm
I just finished reading the SRDC I/II threads. PHEW!

Thanks to everyone, especially Master OrangeRoshan, for your contributions to this great forum.

Accrete,

I have a recording of TS on DEC 19 from GMT 0715 to 1300. Let me know if you still need a copy.

Merry Xmas and Happy New Year, everyone!

Rio
May the trend be with you.
  • #1,339
  • Dec 19, 2006 7:43pm Dec 19, 2006 7:43pm
Quoting ptejerina
Hi all,

In case you didn't see my question or were lost about what I was talking, I would like to post it again.

Roshan's original post was #577 for you to see:

http://www.forexfactory.com/forexfor...gle#post154068

Sometimes I think some of Roshan's posts are not completely analysed, and this is one of them. Please, Master Roshan, or anyone who knows what that triangle is about, please reply.

Cheers,

Pablo.
Hi ptejerina,

A Triangle is in place that formed the new channel. What will happend to Cable today?

Trade with caution!!
Attached Images
Change Your Thinking. Change Your Life - JD
  • #1,340
  • Dec 19, 2006 7:46pm Dec 19, 2006 7:46pm
Hi Orange !

Can you explain in more detail, why the 6 last candles of the day
on the 15 min chart could predict the trend of the new day ?

I've heard about it in teamspeak.

Thanks

Bernhard
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