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SRDC Episode II

  • #1,401
  • Dec 20, 2006 1:53pm Dec 20, 2006 1:53pm
Quoting Lou G
The attached indicators will draw the 1 hour AND the 1 day channels on a 1 hour chart...
Lou, your post-text and indicators are up at the resource page for easy reference. Let me know if you update the indicators and i'll get the latest at the page.

===on another note...Yes on the subforum idea, if OrangeRoshan thinks it will assist in this great adventure. One thing i would caution against though; If you look at the near chaos over at the Mouteki subforum with all the different posts, models, methods it really had a factor in mucking up the original though behind M.T. With OR's mention of desiring to keep SRDC pure in what i was able to pick up the other nite before the TS room wend down, there is a push (mentioned in this thread in recent days) of keeping things by the rules wich i'm fine with. As long as there were "Official" threads and visitors knew only they were the real macoy, and to focus on their content, and realize if they venture away from the "Official" threads started by OrangeRoshan they may be treading on thin ice.

: ) Thom
  • #1,402
  • Dec 20, 2006 1:56pm Dec 20, 2006 1:56pm
Quoting PipSteve
I did not mean to have all one one chart, just an indicator for the 15 minute chart that draws the channel properly. Thank you.
Yes Lou i was talking about this... :
  • #1,403
  • Dec 20, 2006 2:00pm Dec 20, 2006 2:00pm
Quoting Lou G
The attached indicators will draw the 1 hour AND the 1 day channels on a 1 hour chart. The indicators are drawn to the specifications given in the latest SRDF II pdf, with one exception - spikes are not yet accounted for automatically, but I'm working on it.

Seeing both hourly and daily channels simultaneously has been an eye-opener for me - perhaps it will be for others as well.
Pipastic!! I love it. Cool!!
Change Your Thinking. Change Your Life - JD
  • #1,404
  • Dec 20, 2006 2:25pm Dec 20, 2006 2:25pm
Thank you for the indicator Lou G, that is some great work.
  • #1,405
  • Dec 20, 2006 2:47pm Dec 20, 2006 2:47pm
Quoting PipSteve
I did not mean to have all one one chart, just an indicator for the 15 minute chart that draws the channel properly. Thank you.
Has O.R. or Henry published the number of 15M periods that are to be used? If so, I must have missed it. Indicators are little machines - they need to be told where to start and where to stop. If these things can't be defined by rules they can't be coded .
Old Benjamin was right
  • #1,406
  • Dec 20, 2006 2:56pm Dec 20, 2006 2:56pm
Quoting hensch
Unless OR scratches this post, what I'm posting now, should be considered the
"standard" rule to draw the 1 hour channel.

I hope that by doing this we will all be looking at the same charts and
channels, avoiding many questions and confusion.

This morning while we were in the TS session, and because the market was really
slooooow, I decided to test the 5 min.

After almost going crazy with the test, I realized that since we introduced the
micro channel 5 min. we've been drawing micro channels in the 1 hour too, thus
missing the real direction of the main trend and making it almost impossible to
understand because, sometimes, we all have a different one.

Let's put it this way, as of now and as long as there's is no clear trade in the
1 hour, I consider the 5 min the "kiss of death". Use it sparingly!

The 1 hour channel must be drawn as is stated in the manual, this is, from
previous day 00:00 to beginning of the new day 00:00.

Reason is simple, this is the main trend going on!

In days like yesterday, where price went outside the channel, we can/must draw
a micro-channel to follow price or pull the channel as price evolves in the
chart, as it's also explained in the manual, but at 00:00, starting the new day,
we have to pull our 1 hour "main" channel and all makes sense again.

See these examples below:

http://picnac.com/images/43371hourchannel-tue.gif

http://picnac.com/images/32481hourchannel.gif

http://picnac.com/images/75611hourchannel-micro.gif


Hope we all agree!

Henry

PS: Lou, great work!!

PPS: Wilma, this post is for you. You were right with your channel!
Hi Henry,

Thank you for being so presistant with coming up with some rules for drawing channels. I agree with you, with the number of people following this fourm if we don't have some basic rules our charts won't even be close to eachother. My charts are drawn just like yours.

I also agree with you about watching the 5 min chart. I was in and out of several trades based on the 5 min chart. Because I kept jumping in and out I lost money in the end. Better to stick with 15 min charts or higher time frames, especially for newbies. Master Orange may be able to use 5 min charts, but that is why he is the the master. Many years of practice which most of us don't have!
Dave If you can't swim with the sharks stay out of the water!
  • #1,407
  • Dec 20, 2006 3:09pm Dec 20, 2006 3:09pm
Quoting OrangeRoshan
Hi team,

Here is how I harvest 400+ pips today.
Orange, Full of Vitamin C.... Good for you
Hi Master Roshan,

I have three questions. How was it possible to harvest 400+ pips ? Scalping during the ranging morning? I ask this because the total range of the day was 130 pips. I suppose it is the only possible way. Do you recommend scalping? People feel very nervous doing that.

Second, did you actually use the second microchannel during trading? For me, it is obvious now, but when I was trading early in the morning that LRC (before 15:30), it was almost horizontal, and was going to use another triangle that was forming at the time looking for the break of the trendline. (however I had to do other things and couldn't take the trade )

The triangle you showed us yesterday and discussed in Teamspeak did break downwards . Was I lucky, or did my logic of the price being near the top channel in the daily and the hourly made sense?

Thank you.

-Pablo
Pablo
  • #1,408
  • Dec 20, 2006 3:14pm Dec 20, 2006 3:14pm
Hey Partners,

It's been an awesome day you must agree with me, and clearly too, my best way to end the year trading the FX....

It's been a whole lot of fun in here at the thread. the humour, the passion and intense thirst for knowledge, the dedication.... name it, it's been totally awesome.

I'd be going on my Christmas vacation from tonite... maybe demo trade once in a while and must keep up with the thread ( always to remain in top form) and have a good time u know... I think the market's getting rather thin lately...

I just thot this'll be the best time to be the first to officially wish ya all at the thread a Merry Christmas and a pipastic New Year ahead with Master Roshan...

Oh! Master Roshan, so full of Jedi vitamins... nourish us with ur humour and wisdom... never leave us... we love you!

Looking forward to a pipastic 2007...(Jedi protege must bag many pips dancing in the Channel in 2007)


To master OrangeRoshan,...You're the best.

Happy holidays...

Over and Out...

John-Paul
Attached Image
I grumbled I had no shoes until I met a man who had no toes...
  • #1,409
  • Dec 20, 2006 3:18pm Dec 20, 2006 3:18pm
Hi,

I'm learning from Roshan's latest postings that it is important to see the big picture and paint the trendlines. With this I mean that it is useful at the beginning of the trading day to zoom out and see past action and patterns.

Good luck,

Pablo.
Pablo
  • #1,410
  • Dec 20, 2006 3:39pm Dec 20, 2006 3:39pm
Quoting Lou G
Has O.R. or Henry published the number of 15M periods that are to be used? If so, I must have missed it. Indicators are little machines - they need to be told where to start and where to stop. If these things can't be defined by rules they can't be coded .
Well, I hope somebody can give us the guidelines for that also, as I have been searching for it as well. Thank you Lou.
Steve
  • #1,411
  • Dec 20, 2006 3:54pm Dec 20, 2006 3:54pm
Quoting PipSteve
Well, I hope somebody can give us the guidelines for that also, as I have been searching for it as well. Thank you Lou.
Hi Pipsteve,

You must draw the LRC when you see the start of the current trend in that timeframe.
Pablo
  • #1,412
  • Dec 20, 2006 4:15pm Dec 20, 2006 4:15pm
Quoting ptejerina
Hi,

I'm learning from Roshan's latest postings that it is important to see the big picture and paint the trendlines. With this I mean that it is useful at the beginning of the trading day to zoom out and see past action and patterns.

Good luck,

Pablo.
This is how I harvest 428pips today.

- I use the last 6th candles on the 15th Dec and drew a trendlines which guided my trades since then, and especially buying at the top of todays trade
- The candles were forming and as expected bullish for a while but cannot penetrated the 3days trendline, so I short and exit at the trendlines started by the 6th candles of the 18th Dec
- Long and exit at the touch of top channel (parallel of the 15th Dec trendline
- Scalp with Mini ORC, trading with the dance
- Bought at the breakout of the 6th Candles of the 19th Dec. It became a support as I expected a retracement (yesterday's move overtook 3days short).
- Exit at the lowest of today.
- Buy at the bounce again exiting at the Median of the Mini ORC.
- Then I got so tired and guilty from emptying so many non-SRDC trader's accounts, so i stop trading for the day.

I hope that pips.
Attached Image
Change Your Thinking. Change Your Life - JD
  • #1,413
  • Dec 20, 2006 4:19pm Dec 20, 2006 4:19pm
As I look at the parameters for drawing the new daily channel come January, I can tell my indicator is going to do some strange things. Based on the most recent SRDC II document (which says "at the new month, go back several days") I have the indicator set to go back two days. I can tell by looking at the daily chart that this will not be far enough.

O.R., Henry, somebody help! Give me a good suggestion for the minimum number of days that can be used to provide a realistic channel for the first few days of a new month. I will modify the indicator accordingly and repost.
Old Benjamin was right
  • #1,414
  • Dec 20, 2006 4:25pm Dec 20, 2006 4:25pm
Quoting Westie
Hi master
Im sorry for such a dumb newbie question,
Im just wondering how you get 400 pips when pound didn't move 400 pips,
or does 400 pips include multiple lots, for example, 100 pip move time 4 lots? etc. Pls explain how you calculate pips, as different people do it differently, and it gets confusing.

Thanks master
It was chart pips. Trust me you dont want to know how many lots I traded with the 400+pips. I scalp from top bottom and bottom up, and have a trade from the top to bottom and a short at certain LIII point.

I used to call this the Maximiser. Harvesting more than the Range of the day by scalping every possible dip and bounce.

Take what I taught seriously, there are many good trades, right under your nose!!

Force is strong!
Change Your Thinking. Change Your Life - JD
  • #1,415
  • Dec 20, 2006 4:31pm Dec 20, 2006 4:31pm
thanks master,


I like to measure chart pips also, im glad you do as well.
  • #1,416
  • Dec 20, 2006 4:32pm Dec 20, 2006 4:32pm
Quoting OrangeRoshan
It was chart pips. Trust me you dont want to know how many lots I traded with the 400+pips. I scalp from top bottom and bottom up, and have a trade from the top to bottom and a short at certain LIII point.

I used to call this the Maximiser. Harvesting more than the Range of the day by scalping every possible dip and bounce.

Take what I taught seriously, there are many good trades, right under your nose!!

Force is strong!
You never cease to amaze me!!!
  • #1,417
  • Dec 20, 2006 4:35pm Dec 20, 2006 4:35pm
My goal in writing indicators is the same as the goal of OrangeRoshan and a few others - to keep the thread on track by standardizing the tools as much as possible. Whether this is done by providing rules for manual construction of the channels or by having indicator(s) that everyone can live with is really immaterial to me as long as the method is not subverted and we are all on the same page. I've seen too many threads hijacked by the well-meaning addition of the Heinz indicator (57 varieties) and was glad to see that some here are making an attempt to police the posting of non-authorized indicators and channels. It's really for the benefit of us all that this thread be controlled by the author and that he has the final word on what is a part of his method and what is not.
Old Benjamin was right
  • #1,418
  • Dec 20, 2006 4:53pm Dec 20, 2006 4:53pm
ORANGE,

I would like to take this opportunity to again say THANK YOU for all of your teachings. I know that I speak for many in this thread when I say that your method is maximizing our trading potential!!! Thanks also for keeping us focused. Sharing your gift with us is greatly appreciated.

To fellow SRDC Trainees,

Your eagerness to learn and to assist others is awesome!!! It is great how the comradeship has grown through this thread. I feel so fortunate to be a part of this group.
Merry Christmas and Happy Holidays to all of you,
  • #1,419
  • Dec 20, 2006 4:57pm Dec 20, 2006 4:57pm
Quoting Lou G
The attached indicators will draw the 1 hour AND the 1 day channels on a 1 hour chart. The indicators are drawn to the specifications given in the latest SRDF II pdf, with one exception - spikes are not yet accounted for automatically, but I'm working on it.

Seeing both hourly and daily channels simultaneously has been an eye-opener for me - perhaps it will be for others as well.
Could someone help me with this.. I can't seem to figure out how to load a indicator when it is save in a zip file. I don't have any problems loading otherwise. Thanks
  • #1,420
  • Dec 20, 2006 5:12pm Dec 20, 2006 5:12pm
Quoting OrangeRoshan
Hi team,

Here is how I harvest 400+ pips today.
Orange, Full of Vitamin C.... Good for you
I got 0 pips today! If I'm not to much to ask..... I very much appreciated if our master jedi post his prediction i mean before he enter the market to boost our confidence rather than after you got pips. So far I believe most of us got the same channel with OR but we got difference pips....

Anyway what is the prediction for today from our Master? Based on that channel I strongly believe that we can buy GU at current price 1.965+. But i can also feel that the DT will continues.....
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