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SRDC Episode II

  • #1,561
  • Dec 22, 2006 9:17am Dec 22, 2006 9:17am
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,
Hi,

SRDC is evolving to the recognition of patterns and trendlines in 15 min timeframes, but we continue using the channels drawn in the 1 hour timeframe and daily as reference of the trends, as well as the quadrants to know in whick direction to make the orders. At least, that is how I'm working now.

Merry Christmas to everyone!!
Pablo
  • #1,562
  • Dec 22, 2006 9:37am Dec 22, 2006 9:37am
Hi guys,
this is my chart for today, it's nearly 17.00 here and I'm off on holidays. Just wanted to thank everybody here for contributing to this great method, especially OR for sharing with us this great method.

Merry Christmas !
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  • #1,563
  • Dec 22, 2006 10:53am Dec 22, 2006 10:53am
Quoting preacher165
All i want for christmas is a big grizzly bear!!!!


Preacher,

You and I are hunting the same bear. BTW. Thanks for the updates while I am traveling.

Bill
  • #1,564
  • Dec 22, 2006 11:51am Dec 22, 2006 11:51am
no problem bill..that bear bit me a couple of times, but in the end....I got him...

TeamSpeak will be down over the weekend.
  • #1,565
  • Dec 22, 2006 11:54am Dec 22, 2006 11:54am
Quoting preacher165
All i want for christmas is a big grizzly bear!!!!
Recalling many a wonderful summer at Flathead and McDonald lakes up in Montana...playing in the wilds with jingle bells on our boots to "scare the bears" away : ) and soooooo glad that movies like "The Edge" had not been seen or i wouldn't been a playin in the woods !!! Them thar bears are reeeeeeaaaly big critters. Saw one up close and personal in a bear-trap-trailer near Glacier park that had been harrasing the neighborhood.

: ) Thom
  • #1,566
  • Dec 22, 2006 1:04pm Dec 22, 2006 1:04pm
Hi all, after opening up the 1.4gig audio file from last nite's TS session i found an absolutely blank audio file... , I was in the AFK room recording, all my settings were as they had been in the past but apparently when i hit "record" in the TS room something went wrong on my end. Anyway, Orange was in the room from 1:50 Pacific to 3:50 Pacific. If anyone can edit out those two hours for us (maybe split the file in two 1 hour segments??) then i can post at the RP for all.

THX in advance if possible to assist.
Thom
  • #1,567
  • Dec 22, 2006 5:22pm Dec 22, 2006 5:22pm
Thanks to OrangeRoshan and everybody that as made this fantastic Forum.
Happy Christmas and have a Great Pipastic New Year
  • #1,568
  • Dec 22, 2006 8:34pm Dec 22, 2006 8:34pm
Quoting OrangeRoshan
Hi team,

The big boys leave a marker yesterday at 17:00GMT. See when you can spot it!!

Twingkle twingkle little star...
Hi Master Roshan,

I have reveiwed this hint over and over and I still can't figure out what marker you can see from the 17:00GMT candle. I can clearly see if you draw an LRC on the 15 min or 1 hr chart from 17:00GMT to 00:00GMT you have a nice channel to trrade the asian session most days. You can't draw a channel based only on the 17:00GMT candle. If you wait until at least 3-4 hours after the 17:00 candle you can draw a channel to see the possible trades in the asian session. I've looked back through several weeks and I don't see any particular pattern with the 17:00GMT candle, sometimes the 18:00 candle is in the opposite direction but it seems rather random to me.

I understand the channel concept and it appears to work when you draw the channel to the start of the next day, but I am still not understanding what the marker is with the 17:00GMT candle.

Can you please help a confused Jedi to find the force.
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Dave If you can't swim with the sharks stay out of the water!
  • #1,569
  • Dec 22, 2006 9:04pm Dec 22, 2006 9:04pm
Quoting downunderdave40
Hi Master Roshan,

I have reveiwed this hint over and over and I still can't figure out what marker you can see from the 17:00GMT candle. I can clearly see if you draw an LRC on the 15 min or 1 hr chart from 17:00GMT to 00:00GMT you have a nice channel to trrade the asian session most days. You can't draw a channel based only on the 17:00GMT candle. If you wait until at least 3-4 hours after the 17:00 candle you can draw a channel to see the possible trades in the asian session. I've looked back through several weeks and I don't see any particular pattern with the 17:00GMT candle, sometimes the 18:00 candle is in the opposite direction but it seems rather random to me.

I understand the channel concept and it appears to work when you draw the channel to the start of the next day, but I am still not understanding what the marker is with the 17:00GMT candle.

Can you please help a confused Jedi to find the force.
A marker is a perculiar candle or a series of candles. It is not necessarily on the 17:00 GMT although, in yesterdays case it was. The most probable one is usually at the last 6th candles.

Ive coloured some of the obvious markers at yesterday's trade. You can see it better in 15mins chart to the exact candle. See how the High, pause, low and end of day for yesterday's trade was already mapped out.

Again, please dont think you can spot is today and become an expert. That is naive. It took me many years to master this, until to a point, I can spot it even by a glance.

Therefore when you want to learn and master this, take time hours and hours drawing trendline, S&R on pass charts and see what the market tells you.

Hey!!! Go and decorate your Christmas tree, its holiday time.... LOL
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Change Your Thinking. Change Your Life - JD
  • #1,570
  • Dec 22, 2006 9:30pm Dec 22, 2006 9:30pm
Quoting OrangeRoshan
Hi Team,

How to see the game the big boys are playing.

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.

What do you see?

They are really bored!!
Hi Orange,

I have soo many questions. I see when I draw my horizontal lines that 90% of the candles are contained within the lines from the 6 candles on 20th and the 17:00GMT candle on 21st. I am not sure why you had us draw another horizontal hine the width of the channel above the channel top? There is very little price action in that sector. Maybe that is why you had us draw it?

Drawing these lines is a great excerise to see where the price action lies but my question is..how do you determine what points to use to draw these lines? Are the times significant, 6 candles = 22:45-00:00 and the marker at 17:00?

In search of the answers....the force eludes me.
Attached Image
Dave If you can't swim with the sharks stay out of the water!
  • #1,571
  • Dec 22, 2006 10:13pm Dec 22, 2006 10:13pm
Hi,

I would like to add as well, the 5pm candle not only showed the bottom....

OR this is amazing, how do we KNOW these candles?
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  • #1,572
  • Edited 10:39pm Dec 22, 2006 10:17pm | Edited 10:39pm
It seems as if you are arbitrarily drawing trendlines and making assumptions.
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Trade what you see - Not what you think
  • #1,573
  • Dec 22, 2006 10:29pm Dec 22, 2006 10:29pm
Quoting OrangeRoshan
A marker is a perculiar candle or a series of candles. It is not necessarily on the 17:00 GMT although, in yesterdays case it was. The most probable one is usually at the last 6th candles.

Ive coloured some of the obvious markers at yesterday's trade. You can see it better in 15mins chart to the exact candle. See how the High, pause, low and end of day for yesterday's trade was already mapped out.

Again, please dont think you can spot is today and become an expert. That is naive. It took me many years to master this, until to a point, I can spot it even by a glance.

Therefore when you want to learn and master this, take time hours and hours drawing trendline, S&R on pass charts and see what the market tells you.

Hey!!! Go and decorate your Christmas tree, its holiday time.... LOL
Hi Orange,

Here is my Ja Ja Binks attempt at interpreting the markers you highlighted. I would be greatful for your feedback... I hope you can help trun Ja Ja Binks into Yoda???
Attached Image
Dave If you can't swim with the sharks stay out of the water!
  • #1,574
  • Dec 22, 2006 10:45pm Dec 22, 2006 10:45pm
Quoting summitfx
It seems as if you are arbitrarily drawing trendlines and making assumptions.
Pls respect the thread rules.
Change Your Thinking. Change Your Life - JD
  • #1,575
  • Dec 22, 2006 10:46pm Dec 22, 2006 10:46pm
Quoting downunderdave40
Hi Orange,

Here is my Ja Ja Binks attempt at interpreting the markers you highlighted. I would be greatful for your feedback... I hope you can help trun Ja Ja Binks into Yoda???
Correct!!
Change Your Thinking. Change Your Life - JD
  • #1,576
  • Dec 22, 2006 10:56pm Dec 22, 2006 10:56pm
Quoting downunderdave40
Hi Orange,

I have soo many questions. I see when I draw my horizontal lines that 90% of the candles are contained within the lines from the 6 candles on 20th and the 17:00GMT candle on 21st. I am not sure why you had us draw another horizontal hine the width of the channel above the channel top? Pay full attention. Observe and analyse its significance at least a couple of days before saying you CANT SEE it. The answer to this question is very obvious, it hold as a buffer before it penetrates up and same buffer when doubled in size signifies yesterday's high (fibo rule). And I did explain in TS yesterday. There is very little price action in that sector. Maybe that is why you had us draw it?

Drawing these lines is a great excerise to see where the price action lies but my question is..how do you determine what points to use to draw these lines? Like I said, YOU DONT, until you practice and practice and practice. You will not understand it immediatelly.Are the times significant, 6 candles = 22:45-00:00 and the marker at 17:00?

In search of the answers....the force eludes me. only when you allows it to.
I feel this studies are way too difficult for many traders. I have warn everyone of not too sound too get dishearted for not understanding it immediatelly. Give it time to matured. In light of this, I will refrain from exposing anymore of this level until the basic of Channel is mastered.

This will take maybe months. For the meantime, start to learn the basics again.

May the force be with you
Change Your Thinking. Change Your Life - JD
  • #1,577
  • Dec 22, 2006 10:57pm Dec 22, 2006 10:57pm
Quoting jest1081
Hi,

I would like to add as well, the 5pm candle not only showed the bottom....

OR this is amazing, how do we KNOW these candles?
Know the range of this pair and the candles will guide you.

This is my last post on this matter. Concentrate on candle dancing in the trend.
Change Your Thinking. Change Your Life - JD
  • #1,578
  • Dec 22, 2006 11:55pm Dec 22, 2006 11:55pm
Quoting OrangeRoshan
I feel this studies are way too difficult for many traders. I have warn everyone of not too sound too get dishearted for not understanding it immediatelly. Give it time to matured. In light of this, I will refrain from exposing anymore of this level until the basic of Channel is mastered.

This will take maybe months. For the meantime, start to learn the basics again.

May the force be with you
Hi Master Roshan,

I hope that my questions don't slow down the progress of your teaching. Your insights are like gem stones...I can see the polished gem after you have exposed it to me but I want to go to the mines with you to learn how to spot the stones before they are polished.

I will study study and study more...Ja Ja Binks wants to morph into a Jedi and then some day be like Yoda Roshan.
Dave If you can't swim with the sharks stay out of the water!
  • #1,579
  • Dec 22, 2006 11:57pm Dec 22, 2006 11:57pm
Jedi Roshan,

I wonder this would help people to see key support/resistance point ?

Please let me know if it is useful.
Attached File(s)
File Type: mq4 Support and Resistance (Barry).mq4   2 KB | 459 downloads
The future depends on what we do in the present.
  • #1,580
  • Dec 23, 2006 12:22am Dec 23, 2006 12:22am
Hi Master Roshan,

Do you have any set rules you use to draw trendlines. From my experience there must be at least 4 different ways to draw a trendline depending on how you were taught. I was always taught to draw the TL underneath or above the wicks. I see some people draw TL through the wicks but not the candle bodies and others draw them from right to left using 2 points (DeMark - I think).

Can you enlighten us as to how the pros draw them???
Dave If you can't swim with the sharks stay out of the water!
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