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SRDC Episode II

  • #1,881
  • Jan 1, 2007 8:10pm Jan 1, 2007 8:10pm
thanks for the info on the "gap" issue...I have not drawn 1 channel that i trust yet. I will be back at 2:45am est...and hopefully we can have an accurate channel then.
  • #1,882
  • Jan 1, 2007 10:20pm Jan 1, 2007 10:20pm
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....
Master Roshan,

Why haven't you widened the top of your channel in post 1755 to include the last 3-4 candles in November? I am not sure why you chose to place the top of your channel where you did?
Dave If you can't swim with the sharks stay out of the water!
  • #1,883
  • Jan 1, 2007 10:37pm Jan 1, 2007 10:37pm
Very nice chart! Remember sabre is up, next move is down...

Quoting compro99
http://www.divshare.com/download/11017-1d7

Check out my attached chart. Looking at the weekly channel, Dec was a retracement and on the move up to Q1. My take is uptrend. (Yoda's sabre is point up too )
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #1,884
  • Jan 1, 2007 10:59pm Jan 1, 2007 10:59pm
Quoting downunderdave40
Master Roshan,

Why haven't you widened the top of your channel in post 1755 to include the last 3-4 candles in November? I am not sure why you chose to place the top of your channel where you did?
What is a channel Dave? A channel are 3 parallel lines where the distance of the botom channel to the median and the distance of the top channel to the median is equal.

I got the median derived from the 6th candle. When I widen the top channel, the lower channel has to be widen as well. But the bottom channel (trendline) need to touch a candle somewhere. WHERE?
Change Your Thinking. Change Your Life - JD
  • #1,885
  • Jan 1, 2007 11:48pm Jan 1, 2007 11:48pm
Quoting OrangeRoshan
What is a channel Dave? A channel are 3 parallel lines where the distance of the botom channel to the median and the distance of the top channel to the median is equal.

I got the median derived from the 6th candle. When I widen the top channel, the lower channel has to be widen as well. But the bottom channel (trendline) need to touch a candle somewhere. WHERE?
Master OR,

No Dec candles touched the bottom channel, therefore a January 07 candle will touch?
  • #1,886
  • Jan 1, 2007 11:50pm Jan 1, 2007 11:50pm
Quoting OrangeRoshan
What is a channel Dave? A channel are 3 parallel lines where the distance of the botom channel to the median and the distance of the top channel to the median is equal.

I got the median derived from the 6th candle. When I widen the top channel, the lower channel has to be widen as well. But the bottom channel (trendline) need to touch a candle somewhere. WHERE?
Hi Master Roshan,

Thanks! Now I see how you came up with the channel.

Dave
Dave If you can't swim with the sharks stay out of the water!
  • #1,887
  • Jan 1, 2007 11:58pm Jan 1, 2007 11:58pm
Hi Master Roshan,

Here is my analysis of the current GBP daily chart. Price is at the median (red line) of the long term up channel (blue). Price is in Q1 of the Dec (aqua) down channel. If we get a candle that forms below the median (red line) then a short trade could be placed as it would be confirmed by the Dec down channel (aqua). Well that's my analysis of the daily chart going into 2007.
Attached Image
Dave If you can't swim with the sharks stay out of the water!
  • #1,888
  • Jan 2, 2007 1:39am Jan 2, 2007 1:39am
Welcome. Try to make it to team speak for the London open. Your input will be valuable. We are usally on the alternate channel until trader Bill pays his electric bill. Ho Ho Ho


While I am new to the site, I feel like I already know many of you since I have been reading your posts on a daily basis. I hope that I will be able to add something at some point to help others. Until then, thank you for allowing me to learn from each of you!

Happy new year and profitable trading to all of you![/quote]
  • #1,889
  • Jan 2, 2007 2:42am Jan 2, 2007 2:42am
Anyone wanna comment , here is my estimate
Attached Image
  • #1,890
  • Jan 2, 2007 3:06am Jan 2, 2007 3:06am
SRDC with OrangeBar

http://img522.imageshack.us/img522/9...angebarfq1.jpg
  • #1,891
  • Jan 2, 2007 3:08am Jan 2, 2007 3:08am
looks as if we have hit good resistance here
Attached Image
  • #1,892
  • Jan 2, 2007 4:04am Jan 2, 2007 4:04am
It's around the top of the monthly channel from Desember. It has failed establish outside so far. Dropped back in, but not establishing there either. Just wait and trade either a break out or a drop back inn with the same rules you trade suport and resistance in the SRDC1+ Thats what I will do at least.
  • #1,893
  • Jan 2, 2007 5:19am Jan 2, 2007 5:19am
Hello Guys,

Hope u all managed to catch some pips today. At least 90 pips already.

Currently..the price seem to stuck at the 1hr median. I shall close 1/2 a lot. and let 1/2 alive. (i'm in selling position)

But, I have a question....if I want to move my SL, what is the best shall be. Is it at the Q1 or closed previous bar...

May be someone can share with me...

thanks

shah
Shah For every action there is an equal and opposite reaction.....
  • #1,894
  • Jan 2, 2007 6:09am Jan 2, 2007 6:09am
Happy 2007 to you all again..........
I was wondering if anyone can help me with SHI lines on H1 and CCI are you guys using 14, 100,-100 and? I have been following the thread some times , still can't figure out..........that's why in medicine they say "we all have situational mutesm" to some extent or maybe I am stupid.........lol
Thankx again
Keep piping

Wish you all happiness health and wealth

Blessings

Banda
BANDA333
  • #1,895
  • Edited 8:37am Jan 2, 2007 8:24am | Edited 8:37am
Currently I'm slightly bullish on gbpusd ... I'm gonna wait for more signs. Today's candle opened with a gap from yesterday's candle close and my trendline on daily chart is still bullish.

one question ... how many units is 1 lot in Northfinance ?
  • #1,896
  • Jan 2, 2007 9:18am Jan 2, 2007 9:18am
Master Orange,

I really have to thank you for showing me/us on how to trade using channel trading. I've tried a lot of method or even bought a software...but this one fits me the best.

I know.. I still have a lot to learn for a better consitetncy result. But Just to share with you what I have got for today.(attached)

Once again, thank you Mr.Orange Roshan. Hope you will open the door if I were to suprisingly pay you a visit in Brunei.

Sincerely,

shah
Attached Image
Shah For every action there is an equal and opposite reaction.....
  • #1,897
  • Jan 2, 2007 10:46am Jan 2, 2007 10:46am
Iam having accessing the TeamSpeak room. Any suggestions? tia
  • #1,898
  • Jan 2, 2007 10:46am Jan 2, 2007 10:46am
difficulty accessing
  • #1,899
  • Jan 2, 2007 4:13pm Jan 2, 2007 4:13pm
http://i144.photobucket.com/albums/r...dec26160-9.gif

=


http://img.photobucket.com/albums/v3...p/PULLHAIR.jpg
  • #1,900
  • Jan 2, 2007 4:45pm Jan 2, 2007 4:45pm
Quoting preacher165
http://i144.photobucket.com/albums/r...dec26160-9.gif

=


http://img.photobucket.com/albums/v3...p/PULLHAIR.jpg
Glen,
What time frame is that??
Shah For every action there is an equal and opposite reaction.....
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