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SRDC Episode II

  • #1,601
  • Dec 23, 2006 9:25pm Dec 23, 2006 9:25pm
Quoting haiqu
OK, here's my shot at interpreting the charts...

...Lemme see now ...

Merry Christmas one and all! :-D
Nothing like a bit of clean humor to ring in the Holidays.

Thom
  • #1,602
  • Dec 23, 2006 10:04pm Dec 23, 2006 10:04pm
My padawan friend Dave,

Man ...just relax into what you have already succesfully understood and let time and experience reveal to you how your own trendlines will form. I may be wrong about this but it seems to me that OR is not holding back any secrets on how to draw trendlines. OR has instruct us over and over again to practice...practice...practice.....there lies the secret which will reveal to each of us our own individual and unique way of draw trendlines. This for me is the most difficult part of learning....and because of it I may never reach the level where I can manipulate the force to level of a Master Jedi nor even a Jedi but I will without a doubt will not join the Dark Forces and will find my own unique success within the wisdom of the OR method. And...you will also find success....who knows all the way up to a council member. May the force be and happy holidays to you and your loved ones.





Quoting downunderdave40
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.
All 4 1 and 1 4 All
  • #1,603
  • Dec 23, 2006 10:36pm Dec 23, 2006 10:36pm
Quoting 4rex
My padawan friend Dave,

Man ...just relax into what you have already succesfully understood and let time and experience reveal to you how your own trendlines will form. I may be wrong about this but it seems to me that OR is not holding back any secrets on how to draw trendlines. OR has instruct us over and over again to practice...practice...practice.....there lies the secret which will reveal to each of us our own individual and unique way of draw trendlines. This for me is the most difficult part of learning....and because of it I may never reach the level where I can manipulate the force to level of a Master Jedi nor even a Jedi but I will without a doubt will not join the Dark Forces and will find my own unique success within the wisdom of the OR method. And...you will also find success....who knows all the way up to a council member. May the force be and happy holidays to you and your loved ones.
Hi 4rex,

I don't believe Master Roshan is holding back any secrets either. It is there for us to see...we just need to open our eyes and see it. Like many annal retentive people I too suffer from wanting to follow the rules to the letter. Unlike spandex clothes sizes were one size fits all...forex doesn't follow that rule. I hope Santa brings you a new lightsabre so you can continue to fight the darkside in the new year. Have a GREAT HOLIDAY!
Dave If you can't swim with the sharks stay out of the water!
  • #1,604
  • Dec 23, 2006 10:47pm Dec 23, 2006 10:47pm
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
Hi Pipsteve,

Here is another link for trading charts by John Murphy's Chart School:

http://stockcharts.com/education/Cha...rendlines.html

Remember this is the classical way of drawing trendlines. Orange´s trendlines are somehow unique and his own, so let's try to understand them from his charts.

-Pablo.
Pablo
  • #1,605
  • Dec 23, 2006 11:19pm Dec 23, 2006 11:19pm
Hi Haiqui

It could be the Loch Ness Monster, it could even be the Asian Dragon, but to me it looks like this big fat Turkey I'm presently stuffing.

To all on this Thread and TS its been a great learning experience and many thanks to the Master of all galaxies, OrangeRoshan for sharing his knowledge with us. Due to work and other commitments I am unable to get to TS very often so a big thank you to Accrete and others for putting together the recorded sessions.

Wishing you all a Very Merry Christmas and a Happy and Peaceful New Year
  • #1,606
  • Dec 24, 2006 12:31am Dec 24, 2006 12:31am
Quoting ptejerina


Hi Pipsteve,

Here is another link for trading charts by John Murphy's Chart School:

http://stockcharts.com/education/Cha...rendlines.html

Remember this is the classical way of drawing trendlines. Orange´s trendlines are somehow unique and his own, so let's try to understand them from his charts.

-Pablo.
The later was more of my style of drawing trends. Good article!! Everyone should read it and practice. They use respectable financial english. LOL.
Thank you ptejerina .

Force is strong.
Change Your Thinking. Change Your Life - JD
  • #1,607
  • Dec 24, 2006 12:53am Dec 24, 2006 12:53am
Quoting OrangeRoshan
The later was more of my style of drawing trends. Good article!! Everyone should read it and practice. They use respectable financial english. LOL.
Thank you ptejerina .

Force is strong.
outside of the firm I work for, additional training came from murphy and bulkowski. we discussed trend lengths & spacing & angles 2 weeks ago in teamspeak. great article sums up what would cost you $400-500 in books alone. now take several hundred weeks / months of charts, hide the future info and draw trend lines / channels and then scroll right to see if you are correct. eventually you just see these trends easily as OR indicated in an earlier post
  • #1,608
  • Dec 24, 2006 2:11am Dec 24, 2006 2:11am
Hi all and merry cristmas,

I've be struggling to connect both SRDC 1 and 2 and come only 1 conclusion. In SRDC 1 Master are trying to teach Support and resistance which is widely used in the SRDC 2. From this I'd say trendlines are most important to catch the trade. What i still not sure to do is when should we draw it? From what date to what date? Of course the basic is to look at peak and valley, but peak and valley are form in all time frame and it is different. Anyone could help me please?
  • #1,609
  • Edited 9:20am Dec 24, 2006 6:38am | Edited 9:20am
My fellow padawans,

Let us not speak the language of the Dark Forces. Be aware of their jargon, use it but do not trust it. Demand and Supply are part of their bags of tricks. There is no such thing as a Free World Market System. Collusion is the strategy used and who and how is played is beyond our reach. Enron, Halliburton, Dupont, Exxon, etc may be the tip of the iceberg. We are all subjugates of the corporate dictatorship. Master Jedi OR is helping us speak Roshanin tongue so that we can make a living snatchning morsel off the Big Boys plate.

May we all find the force within us!

Quoting OrangeRoshan
The later was more of my style of drawing trends. Good article!! Everyone should read it and practice. They use respectable financial english. LOL.
Thank you ptejerina .

Force is strong.
All 4 1 and 1 4 All
  • #1,610
  • Dec 24, 2006 3:07pm Dec 24, 2006 3:07pm
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.

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
Hi Bemac,

I have taken a look at the Bullish Flag Pattern info. What I was saying is within the Dec bearish channel and based on where the candle formation is on the 2 other bullish channels (below the median) I thought price may go down and touch the bottom of the Dec bearish channel. If the candles start to rise and we break out of the Dec bearish channel then the longer term uptrend will continue. If that happens then I would agree that we would have confirmation that we have a Bullish flag pattern.

Master Roshan...care to comment on this???
Dave If you can't swim with the sharks stay out of the water!
  • #1,611
  • Dec 24, 2006 9:43pm Dec 24, 2006 9:43pm
Merry Xtmas to all!




I’m a bit confused with the different time frames and channels.

For SDRC II Level 2 we used the 1 h TF and the channel of the week with quadrants, to take a trade according to the rules of the manual for different quadrants and when CCI is in the right direction, is that so?

Then we use fibos to close the trade, and for reference.

The daily channel and monthly channel have any concrete use for entering a trade?


Please help me clarify this.
  • #1,612
  • Dec 24, 2006 9:58pm Dec 24, 2006 9:58pm
ptejerina

A great sight thanks. One of the best written and supported articals I have read in a while. Good job. Merry Christmas and joy for the upcoming year.
  • #1,613
  • Dec 24, 2006 10:11pm Dec 24, 2006 10:11pm
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
Another great sight. Thanks Steve
  • #1,614
  • Dec 24, 2006 10:21pm Dec 24, 2006 10:21pm
Quoting rojotopo
Merry Xtmas to all!
I’m a bit confused with the different time frames and channels.

For SDRC II Level 2 we used the 1 h TF and the channel of the week with quadrants, to take a trade according to the rules of the manual for different quadrants and when CCI is in the right direction, is that so?

Then we use fibos to close the trade, and for reference.

The daily channel and monthly channel have any concrete use for entering a trade?


Please help me clarify this.
Take a look and tell me if you see part of the answer to the question you asked. I'll be back later tomorrow. Some assembly required ..... gotta go put some more toys together. Batteries not included.
Attached Image
  • #1,615
  • Dec 25, 2006 5:02am Dec 25, 2006 5:02am
cbrook 5000

Thanks for bothering to answer me.
The pictures are not so clear, but comparing them with my data, it seems the first is a 1h TF with a weekly LR channel, and the second one a 1D TF with a monthly LR channel adjusted, which I guess you draw in the fisrt one in blue.

When we say that we enter a trade according to the CCI, we mean the CCI for 1D TF or for 1h TF?

Also I noticed you draw LRC over the CCI, what do you get from this?

I guess your answer is that we followed 1h TF, taking into account the main trend marked by the 1D TF. And that we take into account the CCI of 1h TF.

Sorry to bother you, but I suddenly got confused. I seemed I understood everything, but all of us sudden evrything got black...

Thanks
  • #1,616
  • Dec 25, 2006 11:42am Dec 25, 2006 11:42am
Hi all,

In the subject of the trend of the last 6th candles, I sometimes have a hard time finding one very clear trendline to work with, because the candles are so close together. However, I did find three possible trendlines for December 22.

Last week, OrangeRoshan said Friday's last 6 candles trend was very important for the week, so here is my go for possible trendlines that will act as support and resistance.

I hope we can discuss this subject, in order to continue the learning and evolution of Orange's teachings.

Bye,

Pablo.
Attached Image
Pablo
  • #1,617
  • Dec 25, 2006 1:35pm Dec 25, 2006 1:35pm
Quoting rojotopo
cbrook 5000

Thanks for bothering to answer me.
The pictures are not so clear, but comparing them with my data, it seems the first is a 1h TF with a weekly LR channel, and the second one a 1D TF with a monthly LR channel adjusted, which I guess you draw in the fisrt one in blue.

When we say that we enter a trade according to the CCI, we mean the CCI for 1D TF or for 1h TF?

Also I noticed you draw LRC over the CCI, what do you get from this?

I guess your answer is that we followed 1h TF, taking into account the main trend marked by the 1D TF. And that we take into account the CCI of 1h TF.

Sorry to bother you, but I suddenly got confused. I seemed I understood everything, but all of us sudden evrything got black...

Thanks
my email subject title showed the time frames - you have that correct.

LRC over CCI is just another way of watching the trend, note the picture below and the triple bottom on price and the double bottom and subsequent reject on CCI of a lower low. It is Imperative (otherwise the Imperial Army will attack you) to keep your charts clean and look at price action first before you go into drawing trends. See the forest before you see the trees.

Orange laid out the process as edited by Hensch: daily then drop down to hourly for micro analysis.

on Daily note the bottoms of the 21st, 22nd & 24th - each of which began rejecting the median as drawn by the daily LRC.

Thanks Orange for another reversal Sunday !!!!
Attached Image
  • #1,618
  • Dec 25, 2006 3:55pm Dec 25, 2006 3:55pm
Hi, your system seems great, but i am still confused at when we should enter. Should we go long as soon as the price hits the bottom 1H channel?

thanks
  • #1,619
  • Dec 25, 2006 4:45pm Dec 25, 2006 4:45pm
Quoting Lamdun
Hi, your system seems great, but i am still confused at when we should enter. Should we go long as soon as the price hits the bottom 1H channel?

thanks
No, you must use CCI to confirm entry. From the wonderful manual by Orange Roashan edited by Henry a.k.a Hensch:

BASIC ENTRY RULE
Put entry following the trend shown by CCI

We just had a upper CCI trend line rejection as the price entered Q1 on both the H1 and daily, how far will it drop, watch CCI and the daily and H1 channels. Yes, you are looking for bottom of the H1 channel, but in a bearish trend you short in Q1 or Q2 as confirmed by CCI and long in Q4.
Attached Image
  • #1,620
  • Dec 25, 2006 4:50pm Dec 25, 2006 4:50pm
Quoting cbrock5000
but in a bearish trend you short in Q1 or Q2 as confirmed by CCI and long in Q4.
Does this rule change in a bullish trend? I was under the impression that we short in Q1, and long in Q4 nomatter of which way the channel goes. Can you confirm that please?

Thank you.
Steve
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