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SRDC Episode II

  • #1,541
  • Dec 22, 2006 3:30am Dec 22, 2006 3:30am
Quoting OrangeRoshan
That was just a song my son like to sing, its a distraction. LOL
I was tried to think outside the box, but I was just soooooooo....... outsidee from our galaxy..........!!!! He.he.he...LOL

Quoting OrangeRoshan
Setups:

1) the famous 6th last candles of the 20th from the 15mins chart
2) the 17:000 GMT 21st Dec.

Draw 2 horizontal lines, then look at how many pips is inside the box (the 2 parallel lines). Add another horizontal line above the 6th candles line with distance of the same pips.

Nice teaching master, another "magic" lesson of the 6th candle.......

Regards.....
  • #1,542
  • Dec 22, 2006 3:30am Dec 22, 2006 3:30am
Quoting accrete
This was my trade tonight off a mini channel on the consolidation during the Asian with a bounce at Q4 / prior day's close up to an area i marked above the Q1 on the downward daily LRC and a trend line drawn from two highs within the LRC. . . target hit at 07:30 in after bounce at 1.9631 candle close. It looked like a very conservative straight forward trade entry/exit. The price may shoot to the moon or go down to the core of the earth...either way, my pips are banked and i'm heading to bed. It's been a long week in the TS room! Tonight is dream time.

Cheers,
Thom

http://www.accrete.com/fx-srdc/tradeex/20061222atm.gif
Accrete,

U be all over that hint. I think you've got it!!!

Good on ya...
Dave If you can't swim with the sharks stay out of the water!
  • #1,543
  • Dec 22, 2006 3:40am Dec 22, 2006 3:40am
Hi Team,

Its a straight horizantal Channel. The candle is moving between inside the box for a while. They are really bored.

The bottom horizantal line is derived from the high of the 17:00 GMT (ive been talking about), and the green line is the last 6candles of the 20th Dec (ive been talking about). Add the same width between this 2lines, we have another horizontal line (top).

Did you all see how predictable the high of the current candle and the previous candle hitting exactly the top horizontal channel?

READ THE INSTRUCTIONS, KEEP IT SIMPLE!
Attached Image
Change Your Thinking. Change Your Life - JD
  • #1,544
  • Dec 22, 2006 3:40am Dec 22, 2006 3:40am
Good morning guys

Price is trying to go to the upside. Right now 1 hour candle is above resistance and breaking this big triangle. It´s unable to close below (´til now).
If price goes upside there´s a critical level at 1.9699 . that´s last month and yesterday´s high.
Note: Red and blue doted lines are just only low and high

http://img186.imageshack.us/img186/8...6044242uv0.png
Johann Channels and cycles are everything
  • #1,545
  • Dec 22, 2006 3:46am Dec 22, 2006 3:46am
orange...are you saying that this is giving us a top orange?
  • #1,546
  • Dec 22, 2006 3:55am Dec 22, 2006 3:55am
I think if thats what he was saying then he proly would not give us the bottom right? Oh ya the top was derived from those two lines.

From what i see, thats easy and quality pips for the well informed trader! Well the master has to be in a league of his own man.
  • #1,547
  • Dec 22, 2006 3:57am Dec 22, 2006 3:57am
I noticed this this too, from OR's quizzes, the resistance lines he derived from candle formations, look at how the price approached those lines...sooo meek, almost afraid to go past it...but when they cut, they cut clean like from a well sharpened knife, its almost synchronised

i.e.

boy1 "Boy2 u cut, u bigger than me"
boy2 "I put a little first okay, we see what boy3 wanna do"
boy1 "Ok Ok set"

...OR really knows what he's talking man.

sry for bad english...hehe
  • #1,548
  • Dec 22, 2006 4:08am Dec 22, 2006 4:08am
This is my chart today. I think we are on a 1H bulish channel and daily bearish still. Traga pips made a very good point with that triangule. I have one concern here. It's the overboght cci. we shall see... Any comments are very welcome please.
Attached Image
  • #1,549
  • Dec 22, 2006 4:17am Dec 22, 2006 4:17am
Teamspeak guys/Gals,

Here it is. GMT0000 chrts.
Attached Image
Change Your Thinking. Change Your Life - JD
  • #1,550
  • Dec 22, 2006 6:12am Dec 22, 2006 6:12am
Hello All:


I've gone through the trading manual for SRDC II,but I'm still having trouble figuring out where an entry should be. After reading the manual, I'm guessing for a buy,when it hits the bottom of quad 4 and for a sell when it hits the top of quad 1, is that correct??
Also, in between those times are we waiting or is that when we go down deeper into the 15 min chart to see what is going on within those channels?

Any insight would be much appreciated.

Thanks..

Marc
  • #1,551
  • Dec 22, 2006 6:19am Dec 22, 2006 6:19am
Marcf,

If you are not sure it will be wise to trade using the SRDC 1/advance until with more time and experience thing become more clear to you. You can still make plenty of pips

Just a suggestion



Quoting marcf
Hello All:


I've gone through the trading manual for SRDC II,but I'm still having trouble figuring out where an entry should be. After reading the manual, I'm guessing for a buy,when it hits the bottom of quad 4 and for a sell when it hits the top of quad 1, is that correct??
Also, in between those times are we waiting or is that when we go down deeper into the 15 min chart to see what is going on within those channels?

Any insight would be much appreciated.

Thanks..

Marc
All 4 1 and 1 4 All
  • #1,552
  • Dec 22, 2006 6:25am Dec 22, 2006 6:25am
Quoting marcf
Hello All:


I've gone through the trading manual for SRDC II,but I'm still having trouble figuring out where an entry should be. After reading the manual, I'm guessing for a buy,when it hits the bottom of quad 4 and for a sell when it hits the top of quad 1, is that correct??
Also, in between those times are we waiting or is that when we go down deeper into the 15 min chart to see what is going on within those channels?

Any insight would be much appreciated.

Thanks..

Marc

Marc, considering the market action, this morning is not the best time to
learn/trade. When there's is nothing, do nothing.

Read the instructions on quadrants. Clearly explains you when to buy and sell.

If you go to shorter time frames without knowing what you are doing, you may
compound any miscalculation.

In any case, SRDCII is clearly showing the action. I you don't see it, practice, practice, practice!


Hope this helps,

Henry
  • #1,553
  • Dec 22, 2006 6:32am Dec 22, 2006 6:32am
Thanks guys...


and we are not using the Shi indicator anymore, is that correct? We are using the LRC, yes?

Thanks so much for your feedback!!

Marc
  • #1,554
  • Dec 22, 2006 6:45am Dec 22, 2006 6:45am
Quoting marcf
Thanks guys...


and we are not using the Shi indicator anymore, is that correct? We are using the LRC, yes?

Thanks so much for your feedback!!

Marc
Hi,

You should probably learn how to draw trend lines manually first. Then, if you use an automated mechanism, you will understand why it is behaving the way it is.

That said, we are not using SHI and LRC is recommended in the document.

Regards,
  • #1,555
  • Dec 22, 2006 6:46am Dec 22, 2006 6:46am
Quoting marcf
Thanks guys...


and we are not using the Shi indicator anymore, is that correct? We are using the LRC, yes?

Thanks so much for your feedback!!

Marc
The SHI indicator was discarded many moons ago. We decided to use the LRC
because it gives us a common ground when drawing channels.

Henry
  • #1,556
  • Dec 22, 2006 7:19am Dec 22, 2006 7:19am
again much thanks!!!


How often are you guys trading throughout the day, how many trades do you see you are getting into and are you putting buy & sell stops in during the day when you aren't at your tradestation?


Marc
  • #1,557
  • Dec 22, 2006 8:21am Dec 22, 2006 8:21am
I've been listening to TS for last couple days. It's very good sharing platform. But I can conclude that many still debating on how to draw channel correctly.

BTW, I have 2 questions and hopefully someone can help or may be Master OR or Henry or other senior member.

1. 15min chart..the price movement always break the channel almost everyday...do we have to draw a new channel every day before entering the market.

2. According to SRDC II, we should draw the 1hrchannel on monday and shall we stick to that channel until friday or redraw when ever there is a trend change.

Entering the trade at Q1 n Q4 is quite risky if someone does not master the channel trading because there is a chances for breakout. Unless use a very tight SL. But it's also very rewading and worth learning....

That's all for the moment, til then Merry Christmas and Happy New Year for all SRDC fan.

shah





.
Shah For every action there is an equal and opposite reaction.....
  • #1,558
  • Dec 22, 2006 8:40am Dec 22, 2006 8:40am
All i want for christmas is a big grizzly bear!!!!
  • #1,559
  • Dec 22, 2006 8:44am Dec 22, 2006 8:44am
Quoting Panjan
I've been listening to TS for last couple days. It's very good sharing platform. But I can conclude that many still debating on how to draw channel correctly.

BTW, I have 2 questions and hopefully someone can help or may be Master OR or Henry or other senior member.

1. 15min chart..the price movement always break the channel almost everyday...do we have to draw a new channel every day before entering the market.

2. According to SRDC II, we should draw the 1hrchannel on monday and shall we stick to that channel until friday or redraw when ever there is a trend change.

Entering the trade at Q1 n Q4 is quite risky if someone does not master the channel trading because there is a chances for breakout. Unless use a very tight SL. But it's also very rewading and worth learning....

That's all for the moment, til then Merry Christmas and Happy New Year for all SRDC fan.

shah
.

Hi,

There is obvious confusion surrounding the 15 min time frame. However, the SRDC II methodology as we have it, outlined within the document Henry has so kindly compiled, cleary states on page 5 that the indicators we are using are:

FX Sniper Erogodic CCI
LRC Channel
Daily Chart
1 Hour Chart.

With respect to the 1 hour LRC channel we note:
"We draw it at the beginning of the week, this is Monday 00.00, and move it accordingly every 24 hours." (also adjust for news spikes) (see page 8 for details.)

Now, about the 15 min timeframe, if you look at the last few pages of the document you will see its application. However, as others have stated, I feel that any use of the 15 min timeframe is for advanced users who understand what they are doing.

As Henry notes in post 1552:

"If you go to shorter time frames without knowing what you are doing, you may compound any miscalculation."

I hope this is clearing things up a little, if not could one of the other members kindly elaborate on the 15 min issue.

Thanks,
  • #1,560
  • Dec 22, 2006 9:04am Dec 22, 2006 9:04am
Quoting exastris
Hi,

There is obvious confusion surrounding the 15 min time frame. However, the SRDC II methodology as we have it, outlined within the document Henry has so kindly compiled, cleary states on page 5 that the indicators we are using are:

FX Sniper Erogodic CCI
LRC Channel
Daily Chart
1 Hour Chart.

With respect to the 1 hour LRC channel we note:
"We draw it at the beginning of the week, this is Monday 00.00, and move it accordingly every 24 hours." (also adjust for news spikes) (see page 8 for details.)

Now, about the 15 min timeframe, if you look at the last few pages of the document you will see its application. However, as others have stated, I feel that any use of the 15 min timeframe is for advanced users who understand what they are doing.

As Henry notes in post 1552:

"If you go to shorter time frames without knowing what you are doing, you may compound any miscalculation."

I hope this is clearing things up a little, if not could one of the other members kindly elaborate on the 15 min issue.

Thanks,
Thanks a lot Exastris. May be this weekend I shall re-read the manual again. Hope to get the better insight. I really believe in this channel trading method accept got to learn step by step.

No problem, better late then never.

HAPPY NEW YEAR......Don't drink and Drive

Stay cool.
Shah For every action there is an equal and opposite reaction.....
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