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SRDC II Charts posting and discussion pertaining to it

  • #1
  • First Post: Edited Jan 14, 2007 3:50am Jan 6, 2007 11:23pm | Edited Jan 14, 2007 3:50am
Hi Team,

Here is the place for posting as many charts you want to reduce the pagfes in the main thread.

RULES:

1) NO BALCK CLOURED BACKGROUND please
2) Candles only please
3) Black represent bearish candle
4) White represent bullish candle
5) Put disclaimer when you add other indicators not yet taught by me to reduce confusion.


Lets Rock the charts!!
Change Your Thinking. Change Your Life - JD
  • #2
  • Jan 7, 2007 1:07am Jan 7, 2007 1:07am
Master Roshan,

I've been observing twice...the movement of NFP and channel trading. I still remember last month that you said the movement is so predictable. This month, somebody mentioned in the thread that you are in selling position prior to NFP news.

When I revisited the chart, it's quite obvious that the movement of NFP is within the channel. I was thinking to revisit the historical data for the prove but before that could you pls comments and share your valuable experience about this.

Thanks

shah

p/s: sorry for poor english. My writing skill is also not so good n all my x-girlfriends have said so...pls bare with me
Attached Image
Shah For every action there is an equal and opposite reaction.....
  • #3
  • Jan 7, 2007 2:20am Jan 7, 2007 2:20am
Is it my imagination......or yet something that I have not fully discover yet.
Whatever it is, I think this is something worth to go deeper...to discover.

Look at the chart, even for the month of November, the price movement will always move back to the channel. Coincident...may be.

Pls provide me some insight from your point of view.

Regards,

shah
Attached Images
Shah For every action there is an equal and opposite reaction.....
  • #4
  • Edited 9:13am Jan 7, 2007 8:56am | Edited 9:13am
Quoting Panjan
Master Roshan,

I've been observing twice...the movement of NFP and channel trading. I still remember last month that you said the movement is so predictable. This month, somebody mentioned in the thread that you are in selling position prior to NFP news.

When I revisited the chart, it's quite obvious that the movement of NFP is within the channel. I was thinking to revisit the historical data for the prove but before that could you pls comments and share your valuable experience about this.

Thanks

shah

p/s: sorry for poor english. My writing skill is also not so good n all my x-girlfriends have said so...pls bare with me
Panjan,
You make a very good point here. In reality though, the chart was different prior to NFP news.. There may be some posts from that day in SRDC II thread. There was a definite short movement and many of us were already in that trade. The major difference is that OrangeRoshan was in that trade earlier and did not exit at news time. Even when many of us were taking a long expecting a retracement, he remained in that position. The rest of us are still learning. I have posted the channel, as I had it. This channel was just after news, but you can see clearly where it was before.

http://img92.imageshack.us/my.php?im...rent1hrvr2.gif

Also, your writing is good and you make your points very clearly.
Good post.

Traderbill

Orange, I did not have this file saved with black and white candles, so I posted a link instead of the chart. Hope this is okay.
  • #5
  • Jan 7, 2007 11:24am Jan 7, 2007 11:24am
Quoting Panjan
Is it my imagination......or yet something that I have not fully discover yet.
Whatever it is, I think this is something worth to go deeper...to discover.

Look at the chart, even for the month of November, the price movement will always move back to the channel. Coincident...may be.

Pls provide me some insight from your point of view.

Regards,

shah
Shah, you are seeing prices following the trend.
It is not a coincident tho, as this is further proof that the channel is stronger than news.

Further your research on from Jan 06. let us know what you found out.

Thanks
Change Your Thinking. Change Your Life - JD
  • #6
  • Jan 7, 2007 12:42pm Jan 7, 2007 12:42pm
Quoting OrangeRoshan
Shah, you are seeing prices following the trend.
It is not a coincident tho, as this is further proof that the channel is stronger than news.

Further your research on from Jan 06. let us know what you found out.

Thanks
Master Roshan and Shah,

Sorry to be a pest, but shouldn't these charts be in the thread 'SRDC II Channel of the day'. Or is that thread reserved soley for the purpose of 'Daily' charts as opposed to any charts related to the day, if you see what I mean?

Thanks for the clarification,
  • #7
  • Jan 7, 2007 12:45pm Jan 7, 2007 12:45pm
First of all, there's a first for everything. After a few months of reading and studying, this is my first post...and it's in a great thread owned by Orange.

PanJan, in a way I agree with tzachi's remark. It's after the fact the we realise the prevailing short position was the proper direction due to the fact the trend down was our friend. However, had the NFP number been lower than expected, we could have easily said that this is how a strong down trend gets broken to the upside. It's sort of an after the fact, self-fulfilling occurrance that baffles traders until it happens. In this case, we had one piece of (legal) information...the trend was down.

What I've noticed with NFP news is that a sharp retracement usually takes place in the near future after the news release.

Another thing I like about channel development is that each pair has it's own Pip-width characteristic.

If I were going to study a pair, I would go back and look at median channel width. This can lend you some information as to whether a movement is finished or needs to push on. Sometimes a big picture "zoom-out" of the chart along with a quick glance can give you that info.

To Orange: Thanks for your great teachings. You are one to be followed in the Forex realm.

skew_T
  • #8
  • Jan 7, 2007 2:03pm Jan 7, 2007 2:03pm
Some good posts already....

A
  • #9
  • Jan 7, 2007 2:23pm Jan 7, 2007 2:23pm
I wanted to contribute some info to this thread which may prove useful about channels and how to trade them.

Enjoy

AlexFX
Attached File(s)
File Type: pdf channels.pdf   301 KB | 1,202 downloads
  • #10
  • Jan 7, 2007 2:58pm Jan 7, 2007 2:58pm
Thanks for sharing ALex.
  • #11
  • Jan 7, 2007 3:06pm Jan 7, 2007 3:06pm
Quoting AlexFX
I wanted to contribute some info to this thread which may prove useful about channels and how to trade them.

Enjoy

AlexFX
Good Stuff!!!

OR
Change Your Thinking. Change Your Life - JD
  • #12
  • Jan 7, 2007 6:14pm Jan 7, 2007 6:14pm
Thanks to OR and all you guys for the feedback.
I'll look further on this and not only NFP but also other news as well. I'll updates here occasionally on the findings.

Guys,
Forex is so much interesting once I found this method. I spend many hours a day just to observe the price movement within channel. I have discovered few tips with the channel trading but in order to share with you all, I have to confirm first whether it is true signal or not.

Thanks n wish me luck.

Happy trading.

shah
Shah For every action there is an equal and opposite reaction.....
  • #13
  • Jan 7, 2007 11:15pm Jan 7, 2007 11:15pm
Quoting Panjan
p/s: sorry for poor english. My writing skill is also not so good n all my x-girlfriends have said so...pls bare with me
hahaha lawak.. :
  • #14
  • Edited 1:53pm Jan 8, 2007 1:44pm | Edited 1:53pm
This is a live trade I took this morning, picture perfect SRDC2 trade. The price hit both of the channel tops I was using and diversion with upper projection line was made. My target was center of channel as you can see, which was hit as expected from my training. Price followed trend lines I have on chart almost straight to the target. The 1st chart is where the trade was entered and the second is a pic just before impact with target. I need to add some of the indicators on my chart are not approved by Master Orange, I only use them as a seconday indication and should by no means be looked upon as credible, they are for my personal use only.
Any question or discussion is welcome.
Bo'

DISCLAIMER: The yellow line is not part of SRDC
Attached Images
  • #15
  • Jan 8, 2007 1:56pm Jan 8, 2007 1:56pm
Quoting Bobokus
This is a live trade I took this morning, picture perfect SRDC2 trade. The price hit both of the channel tops I was using and diversion with upper projection line was made. My target was center of channel as you can see, which was hit as expected from my training. Price followed trend lines I have on chart almost straight to the target. The 1st chart is where the trade was entered and the second is a pic just before impact with target. I need to add some of the indicators on my chart are not approved by Master Orange, I only use them as a seconday indication and should by no means be looked upon as credible, they are for my personal use only.
Any question or discussion is welcome.
Bo'

DISCLAIMER: The yellow line is not part of SRDC
Bo,

Thats what you get from practicing drawing trendlines. It certainly paidoff..

OR
Change Your Thinking. Change Your Life - JD
  • #16
  • Jan 9, 2007 2:17am Jan 9, 2007 2:17am
Quoting Bobokus
This is a live trade I took this morning, picture perfect SRDC2 trade. The price hit both of the channel tops I was using and diversion with upper projection line was made. My target was center of channel as you can see, which was hit as expected from my training. Price followed trend lines I have on chart almost straight to the target. The 1st chart is where the trade was entered and the second is a pic just before impact with target. I need to add some of the indicators on my chart are not approved by Master Orange, I only use them as a seconday indication and should by no means be looked upon as credible, they are for my personal use only.
Any question or discussion is welcome.
Bo'

DISCLAIMER: The yellow line is not part of SRDC
Bobokus,
In your fisrt chart there was a very clear signal at Q4 for you to go long.
Hope you notice that. Then your success can be repeated.

Great catch.
Shah For every action there is an equal and opposite reaction.....
  • #17
  • Edited 6:03am Jan 9, 2007 5:52am | Edited 6:03am
Master OR

I want know if you as a trendline trader use Andrew Pitchfork´s tool.
Do you support the use of AP in SRDC II?

My idea with AP´s tool is to find points of support and resistance. For example in this chart is clear price return to AP channel. Price touched the lower band and price is now in the upper band. (I found this after i opened my long on demo). So IMHO a return to the downtrend is very high.

Thanks in advance for any infornation you can give me about this

http://img441.imageshack.us/img441/1...7065042bs6.png
Johann Channels and cycles are everything
  • #18
  • Jan 10, 2007 2:45am Jan 10, 2007 2:45am
Tragapips,

It's a very...very interesting discovery...

We shall wait for Master of Council to comments about this...

Well Done...
Shah For every action there is an equal and opposite reaction.....
  • #19
  • Jan 10, 2007 9:19am Jan 10, 2007 9:19am
Hai Guys...
Remember my previous post that I said I'm gonna observe the channel and the news. And Master Roshan said the channel is more powerful than news.

Caught this one right tonight.... 9.30 news for sweet 40pips.
After 61.8% retracement... I placed another short since the daily trend is down...Hope for the best

I'll keep watching and updates...
Attached Image
Shah For every action there is an equal and opposite reaction.....
  • #20
  • Jan 10, 2007 5:07pm Jan 10, 2007 5:07pm
Ok This is my last AP chart. No response from OR.

Panjan as you can see price reach median of the AP.

http://img442.imageshack.us/img442/2...7180804ko5.png
Johann Channels and cycles are everything
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