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SRDC Episode II

  • #1,741
  • Dec 29, 2006 2:35pm Dec 29, 2006 2:35pm
lol... they won't see anything... spaghetti is great clothing material...



Quoting accrete
Very good jest Aha.

LOL, then there is your ever present sig file that states:

"Target: Trading naked"


... I can just picture it, trading naked eating spaghetti for breakfast. What will your neighbors say?
Target: Trading naked.
  • #1,742
  • Dec 29, 2006 3:21pm Dec 29, 2006 3:21pm
Quoting PipSteve
I am also in the middle of Q3 now (1.9608), at 9am EST.

I wish we had a UNIFORM rule to draw those channels. When I look at other charts from you all, I feel discouraged that I never get this right, even so I always check with TeamSpeak.

My 1hr channel starts at 12/26 06:00 - 12/28 23:00 (Interbank time)
Hey,

Channels are just a guide to contain price action and should be used in conjunction with the other tools.

A suggestion for the hardcore group would be to agree on the current channel position at a certain time then decide at what time the channel should be redrawn. Also a post with a pic of the agreed channel with a brief explanation for the newbies to follow. This is great for the newbies and also good practise for the hardcore.

I like to think that what goes round, comes around.

My few cents worth .

All the best

AlexFX
  • #1,743
  • Dec 29, 2006 3:34pm Dec 29, 2006 3:34pm
Quoting AlexFX
Hey,

Channels are just a guide to contain price action and should be used in conjunction with the other tools.

A suggestion for the hardcore group would be to agree on the current channel position at a certain time then decide at what time the channel should be redrawn. Also a post with a pic of the agreed channel with a brief explanation for the newbies to follow. This is great for the newbies and also good practise for the hardcore.

I like to think that what goes round, comes around.

My few cents worth .

All the best

AlexFX
That would be fantastic.
  • #1,744
  • Dec 29, 2006 3:51pm Dec 29, 2006 3:51pm
In TS room we usually confirm with each other the channel ideas in the beginning of the trading session. How about from now on we also confirm each other with our "spaghetti"?

As I said in TS, we might have passed a initial learning curve and it may be a good idea to find more opportunity to practise SRDC II, such as applying it on other major monkeys. To get more organi-s-ed (as wilma said) we may assign a major monkey to a jedi, who will make a initial version of the channel and spaghetti for the pair, and we will review it all together to make sure we are not missing too many things.

And during the session when the price reacts with channel and spaghetti, we can type what we see in the chat windows (there will be a great trading log afterwards) and a moderator or two will remind everybody by reading it out to the room, then we can share our views there.

One thing we (including myself) are still not doing enough in the TS is, we need to share our views before it happens. Like when the price is racing toward one direction, if there are major resistance in front of it, we should remind each other before it hits there, not when it happens or after. Or when an entry opportunity is materializing, we can share what we are looking at to pull the trigger. It's good that way because someone else may remind you what you are missing in the decision making process. The whole idea is to improve our trading skills to a new level, not to see who is right or wrong. It's not to predict where the price will go, but where are the major resistance and supports are.

Just some silly ideas to think about, I am curious how many pips we can harvest as a team in TS.
Target: Trading naked.
  • #1,745
  • Dec 29, 2006 4:17pm Dec 29, 2006 4:17pm
i agree aha...i shared both trades today before i traded them...i really think it helps...
  • #1,746
  • Dec 29, 2006 5:07pm Dec 29, 2006 5:07pm
Quoting aha
In TS room we usually confirm with each other the channel ideas in the beginning of the trading session. How about from now on we also confirm each other with our "spaghetti"?

As I said in TS, we might have passed a initial learning curve and it may be a good idea to find more opportunity to practise SRDC II, such as applying it on other major monkeys. To get more organi-s-ed (as wilma said) we may assign a major monkey to a jedi, who will make a initial version of the channel and spaghetti for the pair, and we will review it all together to make sure we are not missing too many things.

And during the session when the price reacts with channel and spaghetti, we can type what we see in the chat windows (there will be a great trading log afterwards) and a moderator or two will remind everybody by reading it out to the room, then we can share our views there.

One thing we (including myself) are still not doing enough in the TS is, we need to share our views before it happens. Like when the price is racing toward one direction, if there are major resistance in front of it, we should remind each other before it hits there, not when it happens or after. Or when an entry opportunity is materializing, we can share what we are looking at to pull the trigger. It's good that way because someone else may remind you what you are missing in the decision making process. The whole idea is to improve our trading skills to a new level, not to see who is right or wrong. It's not to predict where the price will go, but where are the major resistance and supports are.

Just some silly ideas to think about, I am curious how many pips we can harvest as a team in TS.
LOVE IT - LOVE IT - LOVE IT

TS took a leap forward this week thanks to the moderators who host this venue. I began announcing fib levels as potential take profit lines that worked, jest started helping us on trend line scalping today, Bill kept the entry / exit rules straight, and too many others to mention. With some of us approaching a daily average of 100 pips, we owe a lot to each of these individuals moderators / teachers. And this was a tough week due to trend changes & end of the year. OR gave us some great insight how to trade the Asian session up to the London session with the 6th candle idea and the "beacon trend lines" a.k.a. spaghetti. Although I personally prefer calling these STAR WARS LASER GUIDED MISSLES.

WOW we have alot to study and optimize in the next few weeks. Maybe someday we can average 100-200 ++++ pips a day.

Let's see ....... What does OR's signature line say..............

Change Your Thinking. Change Your Life - JD

Let's dream big dreams

We need a SRDC 1 & 2 Indicator or designated SRDC II individuals to blast email out to cell phones as an alarm when certain signals occur near SRDC I+ & II entries. This will help those who need at least a little more sleep on occasion to wake up when things get serious. The indicator would be best as this will help us watch other major monkeys at the same time allowing us to take the best trades. Again Let's dream big dreams.

Happy New Year!
  • #1,747
  • Dec 29, 2006 5:48pm Dec 29, 2006 5:48pm
question for those of you have been at this a while.....does the forex market change personality in different seasons. The stock market does...fall/winter vs. summer..very different trading methods for those seasons...are there predictable season for forex....for example...are we usually at our highs in January-Feb....do the summer months get a little choppier? Have only been at this for 3 months or so...any info would be helpful.
  • #1,748
  • Dec 29, 2006 10:43pm Dec 29, 2006 10:43pm

The Future is Bright, The Future is ORANGE!

Attached Image
Change Your Thinking. Change Your Life - JD
  • #1,749
  • Edited Dec 30, 2006 1:37pm Dec 29, 2006 11:10pm | Edited Dec 30, 2006 1:37pm
Quoting preacher165
question for those of you have been at this a while.....does the forex market change personality in different seasons. The stock market does...fall/winter vs. summer..very different trading methods for those seasons...are there predictable season for forex....for example...are we usually at our highs in January-Feb....do the summer months get a little choppier? Have only been at this for 3 months or so...any info would be helpful.
As long as the price not move less then @ 2Q , it is ok or one wise guy has to come out and play . No worry of any months . The best is at the sell off mo . Hope by then the black boxx ea is ready for action . It seeing + - 300 pips a day , some time -+ 400 pips . MERRY X MASS & HAPPY NEW YEAR .
  • #1,750
  • Dec 30, 2006 2:55am Dec 30, 2006 2:55am
Quoting OrangeRoshan

The Future is Bright, The Future is ORANGE!

I see respect doesn't have any heart, I guess it's orange, and I will also paint the red heart of prosperity with the Orage color
Happy New Year, Xin Nian Kuaila! for all, and good idea to get together in Teamspeak and share detailed entries and exits!
I hope we get an OR Conference with Master OR some time soon!
Thanks Master Orange and all of the hardworking people of Jediland

Paco
  • #1,751
  • Dec 30, 2006 3:55am Dec 30, 2006 3:55am
Quoting aha
In TS room we usually confirm with each other the channel ideas in the beginning of the trading session. How about from now on we also confirm each other with our "spaghetti"?

As I said in TS, we might have passed a initial learning curve and it may be a good idea to find more opportunity to practise SRDC II, such as applying it on other major monkeys. To get more organi-s-ed (as wilma said) we may assign a major monkey to a jedi, who will make a initial version of the channel and spaghetti for the pair, and we will review it all together to make sure we are not missing too many things.

And during the session when the price reacts with channel and spaghetti, we can type what we see in the chat windows (there will be a great trading log afterwards) and a moderator or two will remind everybody by reading it out to the room, then we can share our views there.

One thing we (including myself) are still not doing enough in the TS is, we need to share our views before it happens. Like when the price is racing toward one direction, if there are major resistance in front of it, we should remind each other before it hits there, not when it happens or after. Or when an entry opportunity is materializing, we can share what we are looking at to pull the trigger. It's good that way because someone else may remind you what you are missing in the decision making process. The whole idea is to improve our trading skills to a new level, not to see who is right or wrong. It's not to predict where the price will go, but where are the major resistance and supports are.

Just some silly ideas to think about, I am curious how many pips we can harvest as a team in TS.
Agree.

There are enough experience traders in here that specilised in other monkeys and trendline drawing. Team Trading is really powerful when utalised to the max.

Everyone will do their part. It would be helpful when we put the monkey name next to our nick in TS.

Eg: OrangeRoshan (GBPUSD)

This way, we can target a specific question to the right trader.

With this ideas, TS will become more lively and more interesting. Expect 1,000 TS members by Mid 2007. Different Channels might be created to talk about specific subject pertaining to SRDC.

All Findings and Journals MUST be posted in FF accordingly, to help those who are not in TS or newcomers. A new thread on saperate subjects like Trendlines, Monkeys, Trend detectors, Channels, SRDC Freshmen or any hybrid system that derived from SRDC are welcome.

To ensure uniformity and excellent standard, PM me before starting a new thread in SRDC sub-forum to discuss its viability, rules and regulations.

Thank you all and drive with intelligence and patience.
Change Your Thinking. Change Your Life - JD
  • #1,752
  • Dec 30, 2006 4:42am Dec 30, 2006 4:42am
Quoting OrangeRoshan

The Future is Bright, The Future is ORANGE!


EID MUBARAK TO YOU ALSO, AND A HAPPY NEW YEAR TO ALL!

M. HAFIZ
  • #1,753
  • Dec 30, 2006 5:05am Dec 30, 2006 5:05am
[quote=cbrock5000]LOVE IT - LOVE IT - LOVE IT

WOW we have alot to study and optimize in the next few weeks. Maybe someday we can average 100-200 ++++ pips a day.

Yeah...may be one of day we throw a suprised visit to Brunei....

Wish everyone HAPPY NEW YEAR.... and Lets Pipping.....

shah.
Shah For every action there is an equal and opposite reaction.....
  • #1,754
  • Dec 30, 2006 6:07am Dec 30, 2006 6:07am
Hi Aha - I have been using your I-LRC-AHA-02 and occassionaly overlay MT4 LRC as a check. What puzzles me is why there is still a lot of talk about how channels should be drawn but I have not noticed that yours as above have been "dis-approved". Can you enlighten me as to the "officially correct" channel parameters ?

I seem to have a graphics problem with MT4 in that drawn objects disappear when I change to say, EUR and come back to GBP, any self drawn lines are gone but the I-LRC-AHA stays for me. Is there something in I-LRC-AHA that is not correct in the group view ? If so, what.

I am in Australia and so correct parameters are even more vital to me as mostly I will place a trade and then often have to go to bed - I have other business interests also so cannot watch a screen all night - must sleep - must sleep - sleep . . . . . . .
Altos.
  • #1,755
  • Dec 30, 2006 7:59am Dec 30, 2006 7:59am
Hi Team,

As the year 2007 closely approaching us, I took the liberty of doing some very basic ORC analysis.

The last 6th candles of November tells us something about the size of candles at the end of 2006 and early 2007. I drew a channel parallel to this Trendline and it gave me an early warning of a breakout.

When the candles is bearish, it will most probably obey the bearish channel, but otherwise when its a bullish Tuesday & Wednesday candles, it will follow the Bullish channel.

I wont tell you, but heres a clue. Study the pattern of Dec candles.

Use the force....
Attached Image
Change Your Thinking. Change Your Life - JD
  • #1,756
  • Dec 30, 2006 8:29am Dec 30, 2006 8:29am
Quoting OrangeRoshan
Hi Team,

When the candles is bearish, it will most probably obey the bearish channel, but otherwise when its a bullish Tuesday & Wednesday candles, it will follow the Bullish channel.

I wont tell you, but heres a clue. Study the pattern of Dec candles.

Use the force....
This seemed very interesting!!i think i have the answer..Probably differ ans than(what should i call)Master Roshan have..Happy new Year to all hari Raya eid..
  • #1,757
  • Dec 30, 2006 8:41am Dec 30, 2006 8:41am
OR,

Looking at the price action after the upsurge of the bulls going back to 11/24 up to its exhaustion on 12/3, we can observe that the bears are winning the battle to reenter the nov. channel. Fifteen bearish dailies vs. seven bullish in december tells the story. Expect imho, a breakout of the trendline(11/24....12/18.... and so on) to get us out of this ranging condition and into a new bear trend. But..... I am only a padawan.

GRRRRR.... Papa Bear is knocking on our doors!

Quoting OrangeRoshan
Hi Team,

As the year 2007 closely approaching us, I took the liberty of doing some very basic ORC analysis.

The last 6th candles of November tells us something about the size of candles at the end of 2006 and early 2007. I drew a channel parallel to this Trendline and it gave me an early warning of a breakout.

When the candles is bearish, it will most probably obey the bearish channel, but otherwise when its a bullish Tuesday & Wednesday candles, it will follow the Bullish channel.

I wont tell you, but heres a clue. Study the pattern of Dec candles.

Use the force....
All 4 1 and 1 4 All
  • #1,758
  • Dec 30, 2006 8:42am Dec 30, 2006 8:42am
Master Orange , as i understand the main point of drawing an ORC channel , is that we draw it using 6 last candles of previous period ? do we trade on q1 and q4 at a daily timeframe ? or its for a short timeframe only ? thanks
P.S happy new year to everyone
  • #1,759
  • Edited 9:43am Dec 30, 2006 9:33am | Edited 9:43am
This my analysis:

December began with a change in cable tendency making its first low Dic 11 at 1.9464. thatīs a 38.2 retracement from previous leg.

The next price movemments are not normal for a down trend:
- Rebound again on the 38.2 level...
- Followed by a strong bullish candle (thatīs the key for me)
- Price fail to do a lower high on Dic 20 ( requisite in a stong downtrend).
- Price is unable to go below the downtrend median and..
- Price is unable to go below the uptrend median.

So having all this is in mind the probabilities for an up breakout are high.

Comments please.

http://img186.imageshack.us/img186/4...6103514nb9.png
Johann Channels and cycles are everything
  • #1,760
  • Dec 30, 2006 11:11am Dec 30, 2006 11:11am
Quoting OrangeRoshan
Hi Team,

................ I wont tell you, but heres a clue. Study the pattern of Dec candles.

Use the force....
My Bias is we are going up. Weekly partial chart 2 shows we are in a uptrend since 10 June 2001. Note the weekly LRC channel with the Std Dev channel inside. [(Remember - Std. Dev is the predictive price action based upon bell curve distance away from the center line and always a tighter fit. Whereas LRC is the least squares fit of N data points with a best fit center line)]. See chart 1 below with a different view. Notice the TL's are from previous months bottom point through the 6th candle to gain a future trend. August, October & November all three pointed to a cyclical high at the beginning of December. This is not a coincidence. They still point up. We are having difficulty dropping below the current shorter term Oct 11th bullish trend. Unless price action is less volatile next week (which is a possibility while the big boys figure out the game) we will see a test of the shorter term December bearish channel before resuming the uptrend. Also the Really Big Boys (governments) are beginning to sell more $$$ in favor of the Euro (UAE announced this week also). If dollar is being sold which way will the pound go. If more US migrant workers are selling the $$ to convert to curency to send money home, which way will the $$ go.
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