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SRDC Episode II

  • #1,581
  • Dec 23, 2006 1:08am Dec 23, 2006 1:08am
Thanks. will note that. I have managed to install TS. Hope to see you guys in TS next week.

Quoting OrangeRoshan
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.
  • #1,582
  • Dec 23, 2006 1:11am Dec 23, 2006 1:11am
Quoting downunderdave40
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???
I dont know about how other drew their trendlines, but mine has no particular rules and I think it is more effective Dave. Like most of my methods, it is different than the conventional way, eg: Drawing Fibo.
Change Your Thinking. Change Your Life - JD
  • #1,583
  • Dec 23, 2006 3:13am Dec 23, 2006 3:13am

This is a Space Map and let's the sky be the limit!
Attached Image
  • #1,584
  • Dec 23, 2006 3:26am Dec 23, 2006 3:26am
I'm gone for a week on vacation and you folks cover 30 pages. WOW - it took me nearly 10 hours and almost all night to catch up. Warp 10 !!
  • #1,585
  • Dec 23, 2006 6:00am Dec 23, 2006 6:00am
Dear all,

I have listened to one of the TS sessions and have noted that OR has stressed the importance of drawing trendlines. I think this indicator could be helpful for all SRDC-ians it could be our step closer to understand what OR has been stressing about.

My setting for the 15 mins is 5 for LevDP
But i trade mainly on the 5 min so i use 9 for LevDP

any lower usually u see to much noise.... enjoy!!

Merry Christmas, Happy New Year and Selamat Hari Raya Haji to all.
Attached File(s)
File Type: mq4 Demark_trend_new.mq4   14 KB | 558 downloads
  • #1,586
  • Dec 23, 2006 8:42am Dec 23, 2006 8:42am
This is getting deeper and deeper but itīs Ok. Nothing is easy.

Thanks MOR for all your training and i want to say...


Merry Christmas


to you and all the people in Forex Factory Forum.

Letīs keep working the journey is far to be over.
Johann Channels and cycles are everything
  • #1,587
  • Dec 23, 2006 8:59am Dec 23, 2006 8:59am
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?
Jest

It canīt be a coincidence. Master OR keep giving us more hints please. I want to learn all about this.
Johann Channels and cycles are everything
  • #1,588
  • Dec 23, 2006 10:08am Dec 23, 2006 10:08am
Hello my fellow padawans,

I too wish everyone connnected to this thread,FF,planet earth, our galaxy and beyond much happiness during this period of celebration and reflection.

Okay, the title to this post is about a suggestion that I would like to make and that is that when we are analysing or discussing in TS or posting here about Orange Roshan's method that we stick to the Fibonacci rules that he prescribed (post#603). I know that a lot of us use price to draw fib level but OR uses the channels. I believe it would help some of us and especially the newcomers/newbees be more clear on the subject.
All 4 1 and 1 4 All
  • #1,589
  • Dec 23, 2006 1:44pm Dec 23, 2006 1:44pm
Quoting compro99
Jedi Roshan,

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

Please let me know if it is useful.
Yes, i use it sometimes. Its good on Daily Candles as the S&R is more stable.

Jedi Pips
Change Your Thinking. Change Your Life - JD
  • #1,590
  • Dec 23, 2006 2:58pm Dec 23, 2006 2:58pm
Happy Holidays to Everyone [img]images/smilies/smile.gif[/img]



I just made a total elf of myself today.... Check it out!

http://www.elfyourself.com/?userid=...5143c9G06122006
  • #1,591
  • Dec 23, 2006 3:06pm Dec 23, 2006 3:06pm
Hi Team,

I zoom out the Daily Chart looking for the Support and Resistence after the holiday. My trendlines dated back from 2005.

You might asked why im using these trendlines? Well, its not rocket science.

Its the only trendlines that are perfectly parallel to each other that touches the top and bottom of the Dec bearish channel and the Oct Bullish Channel.

Let me repeat again:
Its the only trendlines that are perfectly parallel to each other that touches the top and bottom of the Dec bearish channel and the Oct Bullish Channel.

The first guide is the highs of June 05, May o6, and Aug 06. By using equidistant channel, i adjust the top EC to this year's high. This way, all the 3 top and bottom channels, and their median touches each other.

continue at the next post...
Attached Image
Change Your Thinking. Change Your Life - JD
  • #1,592
  • Dec 23, 2006 3:24pm Dec 23, 2006 3:24pm
Hi Team,

When we have all 3 channels intersect with each other, now we have a high probable setup for the next dance of candles.

Unfortunatelly, this doesnt tell the next direction of candles. That is another lesson, but armed with knowledge of Candles dancing in the Channel, I think you can hearthe market is shouting to you where it is going next!!

May the holiday brings you more wisdom!
Attached Image
Change Your Thinking. Change Your Life - JD
  • #1,593
  • Edited 4:59pm Dec 23, 2006 4:16pm | Edited 4:59pm
Merry Christmas and a happy and prosperous new year to everyone.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

Thanks for sharing your trading system OrangeRoshan.<o></o>

<o></o>

This time next year we will all be mega rich!!!!<o></o>
  • #1,594
  • Dec 23, 2006 4:34pm Dec 23, 2006 4:34pm
I don't know about you, but I am still learning how to draw proper trendlines, and I found this article pretty helpful.
If you have any other resources, please share.

http://www.streetauthority.com/terms/st-lesson2.asp
Steve
  • #1,595
  • Edited 8:26pm Dec 23, 2006 6:30pm | Edited 8:26pm
Quoting OrangeRoshan
Hi Team,

I zoom out the Daily Chart looking for the Support and Resistence after the holiday. My trendlines dated back from 2005.

You might asked why im using these trendlines? Well, its not rocket science.

Its the only trendlines that are perfectly parallel to each other that touches the top and bottom of the Dec bearish channel and the Oct Bullish Channel.

Let me repeat again:
Its the only trendlines that are perfectly parallel to each other that touches the top and bottom of the Dec bearish channel and the Oct Bullish Channel.

The first guide is the highs of June 05, May o6, and Aug 06. By using equidistant channel, i adjust the top EC to this year's high. This way, all the 3 top and bottom channels, and their median touches each other.

continue at the next post...
Here is my analysis of this chart. The candle has completed under the median of the long term megenta channel. It has also completed under the median of the Oct 06 bullish channel. The candles have touched the top (Q1) of the Dec 06 bearish channel (aqua) and are heading down to the bottom of that channel. My analysis leads me to believe that we will continue the down trend until we reach the bottom of the Dec bearish channel.

The $64,000 question here is Master Roshan, "how do you determine where to draw your trendlines from???"
Attached Image
Dave If you can't swim with the sharks stay out of the water!
  • #1,596
  • Dec 23, 2006 7:43pm Dec 23, 2006 7:43pm
Quoting Noel
Merry Christmas and a happy and prosperous new year to everyone.

Thanks for sharing your trading system OrangeRoshan.

This time next year we will all be mega rich!!!!
That's all I ever wanted to be. :-)

Dude, if that can happen from my meagre capital base I'd be fairly impressed.

Rob
  • #1,597
  • Dec 23, 2006 8:00pm Dec 23, 2006 8:00pm
Quoting PipSteve
I don't know about you, but I am still learning how to draw proper trendlines, and I found this article pretty helpful.
If you have any other resources, please share.

http://www.streetauthority.com/terms/st-lesson2.asp

I particularly liked this statement:

"... the most important skill in technical analysis is being able to detect the trend of the time frame you are trading in."

It has been dawning on me for some days, but the last two messages from OrangeRoshan crystallized what I've been having trouble with, in using his methods. He is thinking long-term, which is the luxury of those who are already wealthy.

For someone with a small amount of capital, we are reduced to sniping in short periods using the 15 minute chart. This is difficult but necessary, to reduce exposure to large changes which could wipe us out in a flash. And as I found this week, a series of small losses in an unpredictable market can do just as much damage.

I can't see any reason the USD was strong towards the end of last week, and yet it was. Even after the poor US employment news on Friday, a 30 pip northward charge on GBP/USD reversed and the GBP was decimated. When I can understand how that happens, I will know what's going on in the currency markets. Until then I'll stick with a demo account.

No amount of charting or understanding of economic fundamentals could have predicted it, because it was entirely contrary to all of them.

Rob
  • #1,598
  • Edited 8:35pm Dec 23, 2006 8:25pm | Edited 8:35pm
Hi Dave, Please don't get me wrong, I'm a huge fan of fibs and all the work that has been added to the Rabbit Population Experiment as well as the Fib Ratios naturally occuring in Nature, But, I can code any Random Indicator that will draw lines 'willy nilly' on a chart and I gaurantee you that some of them will show Strength & Dependability.

In other words, If your code draws a line, does that mean you should?

Fibs are not brick walls.

I agree that it is stretching it a little on a Daily, but, does your chart have a little bit of a Bull Flag look to it?

I read this after posting here.
http://www.forexfactory.com/forexfor...04&postcount=5
  • #1,599
  • Dec 23, 2006 8:39pm Dec 23, 2006 8:39pm
Quoting Bemac
Hi Dave, Please don't get me wrong, I'm a huge fan of fibs and all the work that has been added to the Rabbit Population Experiment as well as the Fib Ratios naturally occuring in Nature, But, I can code any Random Indicator that will draw lines 'willy nilly' on a chart and I gaurantee you that some of them will show Strength & Dependability.

In other words, If your code draws a line, does that mean you should?

Fibs are not brick walls.
Hi Bemac,

Determining at what point and where the trendlines are to be drawn may be the most problematic part of this system, at least to the untrained Jedi. According to OrangeRoshan he doesn't have a strict method for drawing trendlines. I believe Orange is able to draw trendlines that make sense to him based on his years of experience. I say that, not fully knowing Oranges system so maybe he will provide additional lessions that will make drawing trendlines in the manner he does a bit more clearer to all of us.

I patiently await additional gems of wisdom from Master Roshan.
Dave If you can't swim with the sharks stay out of the water!
  • #1,600
  • Dec 23, 2006 8:47pm Dec 23, 2006 8:47pm
OK, here's my shot at interpreting the charts.

When you look at the GBP/USD chart from a weekly view, it looks a lot like the Loch Ness monster. Now, as we all know, the Scots invented copper wire during an argument over a penny ("It's mine!" "No, it's MINE!!!") and since Cable is made from copper wire, I'm sure that I'm on the right track. There was also a recent takeover attempt of a Scottish utility company by an Asian conglomerate. Confluence! Synchronicity!!

Then again, maybe it's a dragon. Yes, that makes more sense, and it also brings in the Asians. Ancient and wise but bent on modernizing, and tiring of the push me, pull you of the GBP/USD pair, China dumps it's 1 billion USD reserves onto the open market on Boxing Day (and if not then, at least before Chinese New Year) and buys Euro and Gold. Ah, but that was last week's rumour.

Lemme see now ...

Merry Christmas one and all! :-D

Rob
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