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SRDC Episode II

  • #1,461
  • Dec 21, 2006 4:31am Dec 21, 2006 4:31am
Hi Folks !

I've done another Fib-Projection on the hourly..

As you can see price went down after hitting the 61% Fib-Line..

Who could have guessed

Greetings

Bernhard
Attached Image
  • #1,462
  • Dec 21, 2006 4:46am Dec 21, 2006 4:46am
Hi Folks !

As you can see I grabbed some nice jedi pips
Lets wait and see...

Greetings

Bernhard
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  • #1,463
  • Dec 21, 2006 5:12am Dec 21, 2006 5:12am
There will be a ranging market for today.....good for scalping.....
Shah For every action there is an equal and opposite reaction.....
  • #1,464
  • Dec 21, 2006 5:14am Dec 21, 2006 5:14am
Master:

Right now the price dropped out of the hourly/weekly channel and went in the dirrection of the daily/monthly channel on the EUR/USD. Is this a trade I can take when I have a fully formed 15 minute bar outside the resistanse of the hourly channel? or is this something you would recomend against?


Regards

nybegynner
  • #1,465
  • Dec 21, 2006 5:58am Dec 21, 2006 5:58am
Master Roshan,

Can we say good-bye to 9700....
Shah For every action there is an equal and opposite reaction.....
  • #1,466
  • Edited 7:17am Dec 21, 2006 6:45am | Edited 7:17am
Hi guys,

here is a pic of the new channel that formed yesterday after the price touched the upper daily channel.
Attached Image
  • #1,467
  • Dec 21, 2006 6:57am Dec 21, 2006 6:57am
Quoting anthony500
Hi guys,

here is a pic of the new channel that formed yesterday after the price touched the upper daily channel.
Should the 0 of the fib line not be on top when the trend is going down? I am still confused about that, sorry.
Steve
  • #1,468
  • Dec 21, 2006 6:59am Dec 21, 2006 6:59am
Quoting anthony500
Hi guys,

here is a pic of the new channel that formed yesterday after the price touched the upper daily channel.
Hi,

I spotted that one too. Just to clarify my understanding, in a downtrend, shouldn't the zero of the daily fib be at the top of the channel?

Regards,
  • #1,469
  • Dec 21, 2006 7:02am Dec 21, 2006 7:02am
Quoting PipSteve
Should the 0 of the fib line not be on top when the trend is going down? I am still confused about that, sorry.
Whooowww there Steve,

I posted my question then saw yours almost arriving at the same time.
Hey, we're starting to think alike.

Now that is scary....

Referring to the document 'SRDC Level II V2' page 17, I think zero should be at the top of the channel.

Regards,
  • #1,470
  • Dec 21, 2006 7:02am Dec 21, 2006 7:02am
Quoting behof
Hi Folks !

As expected the trendline was broken to the downside and I grabbed
some Pips at the bottom of the channel

Now lets see if the lower channel line holds support....

If the upper trendline is broken go long by using the
tools told in SRDC I+ !!

Greetings

Bernhard
Good example, show your chart before entering the market.... really appreaciate your scalping technique. Me also make pips but not yet pipastic! Still have a lot to learn from all of you guys.
  • #1,471
  • Edited 7:47am Dec 21, 2006 7:10am | Edited 7:47am
Quoting behof
Hi Folks !

I've done another Fib-Projection on the hourly..

As you can see price went down after hitting the 61% Fib-Line..

Who could have guessed

Greetings

Bernhard
Hi,

This is getting interesting now. if you consider the new channel that formed yesterday, then your 61.8% hourly bounce is almost where price touches the top of the new channel. So, is this a co-incidence? Does the new channel take precedence? Or what?

(Actually, if you do a daily fib projection, then the hourly 61.8% you have drawn is superimposed on the 23.6% fib for the daily new channel down trend.) I wont show it on the new chart, because it gets very confusing, but give it a try.)

(Please note new channel is drawn using LRC.)

Update 13:40. Judging by the bounce as it touched the bottom, it appears that the new channel is taking precedence.

Regards,
Attached Image
  • #1,472
  • Dec 21, 2006 7:15am Dec 21, 2006 7:15am
Hey guys, we should all get together and get him this:

http://www.thinkgeek.com/computing/bags/817c/

A backpack to store all of his pips.

Selamat Hari Natal dan Tahun Baru
Attached Image
Steve
  • #1,473
  • Dec 21, 2006 7:17am Dec 21, 2006 7:17am
Quoting downunderdave40
Hi Master Roshan,

You surely are a gifted teacher and trader. I hope one day to have 1:100,000 of the insight into the force that you posses. I know many of us old people are having difficulty in making out the details of this all important chart. This is an hourly chart I assume? Is there any way that you could possible send this chart to accerte so he could post it on the resource page? I think it would assist alot of us if we could see the chart in more detail.
DoNot assume. Look at the number of candles between the two time saperators. Doesnt that tell the timeframe? Everything I did has a purpose and for a reason. Its the only way to the highway.

Pips always..
Change Your Thinking. Change Your Life - JD
  • #1,474
  • Dec 21, 2006 7:19am Dec 21, 2006 7:19am
yes you guys are right, sorry for the confusion! I changed the pic

Quoting exastris
Whooowww there Steve,

I posted my question then saw yours almost arriving at the same time.
Hey, we're starting to think alike.

Now that is scary....

Referring to the document 'SRDC Level II V2' page 17, I think zero should be at the top of the channel.

Regards,
  • #1,475
  • Dec 21, 2006 7:26am Dec 21, 2006 7:26am
Quoting Bom-Bom
Master Roshan, I hope what I'm about to say will not make you angry.

Would you please post again your chart in this 6th candle lesson?
I can not see the trendline you draw clearly cos its color is not contrast with the chart background. Even to print out will not be clear as its background has a grey color like a book cover.
I always archive every chart you posted to study and I don't want to miss this lesson in my archive.

Please post again Master, Thank you.
Warmest Regard.
Use my Yodish explaination as your guide and draw your own chart. This way you will learn more. Trust Me!! When you still cant see it, Try again.
When still you find it difficult, I will send you to Jaba for a week at his desert hometown. Try again until you understand the message.

Jaaaabaaaaa.... where are you....? I have someone for you...
Change Your Thinking. Change Your Life - JD
  • #1,476
  • Dec 21, 2006 7:27am Dec 21, 2006 7:27am
Quoting exastris
Whooowww there Steve,

I posted my question then saw yours almost arriving at the same time.
Hey, we're starting to think alike.

Now that is scary....

Referring to the document 'SRDC Level II V2' page 17, I think zero should be at the top of the channel.

Regards,
I guess I am happy to finally understanding something, but I am still missing so much. I am really no good with riddles, I need clear cut instructions. I need SRDCII for dummies......but that's just me.
So if any of you solve the puzzles here, maybe you could enlighted somebody with learning problems.
Steve
  • #1,477
  • Dec 21, 2006 7:43am Dec 21, 2006 7:43am
Quoting PipSteve
Hey guys, we should all get together and get him this:

http://www.thinkgeek.com/computing/bags/817c/

A backpack to store all of his pips.

Selamat Hari Natal dan Tahun Baru
Count me in.

Happy Christmas and Best Wishes for the New Year to all and an early Selamat Hari Raya, to Master Roshan

Enjoy the attachment. (You can play it inside your browser.)
Attached File(s)
File Type: zip merryxmas.zip   400 KB | 495 downloads
  • #1,478
  • Dec 21, 2006 8:56am Dec 21, 2006 8:56am
Suport, resistance and trendlines is how I allways thought forex was suposed to be traded. Lacking the skills to design my own system I have tried several free systems floating around various boards. I soon understood that disepline was something that was very important if I was going to be sucsessfull in this. However, even when I was being diseplined and uttermost carefull to follow the rules of the system being traded, I only had limited sucsess with them. The very reason for this is that I think "A random indicator show this, and another random indicator shows that, and then the price does something" kind of systems not taking suport and resistance in consideration; only have a limitied sucsess. I could be wrong of course.

Im now fully converted to trading srdc. I can see that as long as I follow the rules I can make -consistent- pips with this, and I have been doing that all week. Consistency has allways been the problem. Not so anymore. I might not be able to make 400+ pips in a day (yet) but making 50+ pips a day sudendy does not seem hard at all anymore.

I would like to thank everybody who has contributed to this thread and ofcourse the master him selfe. Im sure there will be lifes changed because of this.





  • #1,479
  • Dec 21, 2006 8:59am Dec 21, 2006 8:59am
Quoting PipSteve
I guess I am happy to finally understanding something, but I am still missing so much. I am really no good with riddles, I need clear cut instructions. I need SRDCII for dummies......but that's just me.
So if any of you solve the puzzles here, maybe you could enlighted somebody with learning problems.
Hehehehe... funny you mentioned that. Im currently writing a manual for dummies, targeted for grandmas, students, single parents and even Jedi to trade forex as a parttime thing, that will pay the bills and more.

Released date: sometime in 2007
Change Your Thinking. Change Your Life - JD
  • #1,480
  • Dec 21, 2006 9:08am Dec 21, 2006 9:08am
Quoting OrangeRoshan
Hehehehe... funny you mentioned that. Im currently writing a manual for dummies, targeted for grandmas, students, single parents and even Jedi to trade forex as a parttime thing, that will pay the bills and more.

Released date: sometime in 2007
You rock OrangeRoshan!! I can't wait for that! May the pips be with you....
Steve
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