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SRDC Episode II

  • #2,061
  • Jan 8, 2007 4:12pm Jan 8, 2007 4:12pm
This one is dated Jan 2nd and was recorded and edited by Pablo... A huge thanks goes out to Pablo for editing this as i know how time consuming it can be. THANK YOU PABLO!!

Now for the cool stuff, this file is a must hear. Orange was discussing some money manegement ideas and also of the importance of learning and trading SRDC I.

20070102aOR.wav. Please "Save Target As" and save to your HD rather than listening to it directly off my server. : )

Other audio files can be found at the presentations page at our SRDC resource page.

Cheers,
Thom

PS, Any who wish to follow Pablo's helpful example, Thank You In Advance. Just send the edited compressed file to me via email. (The file should be somewhere around 6 megs for a 1 hour session. If the file runs much over that let's split them up into multiple smaller files?).
  • #2,062
  • Edited 6:01pm Jan 8, 2007 5:43pm | Edited 6:01pm
Quoting tzachi
CBROCK5000,


Thanks for the pic.
You started the trendline with point 1 at 21 candles before 00.00 and point 2 at the 6th candle before 00:00. If you keep this trand line to the next day(today) it leads to nowhere up in the sky and has no connection to toady's price at any point.

OR on his chart did not connect it like you to the 21 candles back but FORWARED to a high point in today's chart.
tzachi, you are correct regarding my lines, I zoomed in for clarity, but when price hit 9405 and the predicted line was at 9422 above this candle I had a strong suspicion we had hit the high for the day. When the new day started and price action began following the slope of this trend line, then I drew parallel LRC from MT4 to try and see if I could predict the price action. The lower line predicted the bottom perfectly. Bear in mind it doesn't always work as well as today, but works enough that I have begun studying this method introduced by orange. Bottom line, I have increased my daily pip returns since studying these methods and know I have alot to learn. Hope this helps.
Attached Image
  • #2,063
  • Jan 8, 2007 5:54pm Jan 8, 2007 5:54pm
sorry guyz just want to make sure i did the right way. did i plot my chart correctly?
Attached Image
  • #2,064
  • Jan 9, 2007 12:23am Jan 9, 2007 12:23am
OT: I went away from keyboard from the Teamspeak room and came back to see what channel I was in.

BTW Bill... I stand by my statement that your channel was silly :
http://img172.imageshack.us/img172/7...billqx5.th.gif
  • #2,065
  • Jan 9, 2007 7:02am Jan 9, 2007 7:02am
Quoting stonie
sorry guyz just want to make sure i did the right way. did i plot my chart correctly?
Thats what mine looks like right now, of course I am also just a begginer, so I hope you get a few more opinions. To be honest, I like to hear some also.

Well, the only thing I see, is that maybe the 0.00 of your fibs should be on the bottom in an uptrend, so you would draw it from the top down.
You guys please correct me if I am wrong, as I do not want to confuse anybody.

Thank you
Steve
  • #2,066
  • Jan 9, 2007 2:31pm Jan 9, 2007 2:31pm
After reading OR's post's on the trend lines, I decided to just watch the price action using the trend lines and demo trade it. I was watching the 5 min chart, and while I would never trade that level just yet with real money, I was excited about what I was able to do.

Using the 5 min chart with the trend lines, I was able to watch prices as they moved downward along the long trend line. I would then draw the small trend lines across the retraces. Each time price bounced off the longer term trendline and then broke the retrace trendline, I was able to use the SRDC method to scalp an easy 10 pips X 5 lots, for a 50 pip gain. I could have gotten more on many of the moves, but I had my orders preset for ease and quickness, so that I wouldn't miss anything if the move was very fast.

After about 45 minutes, I had scalped 150 pips. Mind you this was demo, but if you can do it on demo, you can do it for real. Try it and practice it. Thanks for pointing this out OR!
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  • #2,067
  • Jan 9, 2007 2:34pm Jan 9, 2007 2:34pm
Just to clarify, I was using SRDC I to scalp the points.
  • #2,068
  • Jan 9, 2007 4:48pm Jan 9, 2007 4:48pm
Quoting mccullek
Just to clarify, I was using SRDC I to scalp the points.
It is my understanding that SRDC I is a method for buying and selling a position when you break the daily high or low, with pip spread added. I did not see the scalp section in the manual written by Henry(hensch) endorced by OrangeRoshan, for SRDC. It is wonderful that you were able to draw trendlines and scalp many pips but it is just that, a scalp. With all respect, I am afraid your post will encourage some to use this technique and thus without the right experience, lose their account.

Traderbill
  • #2,069
  • Jan 9, 2007 6:09pm Jan 9, 2007 6:09pm
[quote=mccullek]I was able to use the SRDC method to scalp an easy 10 pips X 5 lots, for a 50 pip gain.
I had scalped 150 pips. ]

I desagree the way you express your results. You scalped 30 pips (supossing you use the same number of lots in another 2 trades of 10 pips). Thatīs your result. The number of lots you use depends on your account size and money management. So I think itīs not correct to express results that way.
Johann Channels and cycles are everything
  • #2,070
  • Jan 9, 2007 6:40pm Jan 9, 2007 6:40pm
SRDC 1 IS GREAT !!!!!!!!!!!!!!!!!!!!!!!!!!!!
Short @ 84

Exit @ 55

29 PIPTASTIC PIPS

Thanks Orange
  • #2,071
  • Jan 9, 2007 7:12pm Jan 9, 2007 7:12pm
[quote=Tragapips]
Quoting mccullek
I was able to use the SRDC method to scalp an easy 10 pips X 5 lots, for a 50 pip gain.
I had scalped 150 pips. ]

I desagree the way you express your results. You scalped 30 pips (supossing you use the same number of lots in another 2 trades of 10 pips). Thatīs your result. The number of lots you use depends on your account size and money management. So I think itīs not correct to express results that way.
Yes Tragapips,

We always post chart pips here and not 5 lots X 20 pips = 100.

Traderbill
  • #2,072
  • Jan 9, 2007 8:21pm Jan 9, 2007 8:21pm
good srdc 1 trade this evening...thanks again orange


here is a link many of you might like

http://www.gamers4jesus.com/ts.htm
  • #2,073
  • Jan 9, 2007 9:17pm Jan 9, 2007 9:17pm
This week it has been SRDC I as the big winner in the Teamspeak room. We have been able to capture pips each day. We now have a SRDC I room that is moderated by 4rex, Ziggy43 and Wilma. These users have done a fantastic job in helping the new members make more pips than they ever have before. Big winners tonight in SRDC I room is Pipsteve with 25 pips on both Gpb/Usd and Eur/Usd. Also SunnyJ with 22 quality pips and many others too. Please join us at Teamspeak and take advantage of live help with the great method OrangeRoshan has provided for us.

Good Luck,
Traderbill
  • #2,074
  • Jan 10, 2007 12:30am Jan 10, 2007 12:30am
so i'm pretty new to this system...i've been in forex for about 4months(demo), but only this method for about a week now. I'm still reading through all the posts in the srdc2 thread lol, takes forever...but tons of useful info along the way so far...

but..

+5pips using srdc I today (1/10 00:00gmt)
+10pips using srdcII between 5:45 and 6:15gmt (12:45am-1:15am est!)
i couldnt sleep. lol. price hit the top of my 1H channel so i sold for a 10pip
profit.

Bottom line, you guys rock! and so does this system. and so does OR for
intro'ing the system.

So after i'm done reading through ALL the posts...looks like i'll have to
brush up on my star wars....lol.

'nite all
- nick andre -
  • #2,075
  • Jan 10, 2007 4:38am Jan 10, 2007 4:38am
Bonjour everybody,
I' did not find how to draw the 6th candle trend before 24h00. Is it from the top of the candle? the low ? where to find the second point ? I listened to the recordings (thanks accrete) but nothing clear about the 6th candlle.
merci for your help.
Ps: How to know the gmt time of the teamspeak ?
Rien ne sert de courir il faut partir ā point.
  • #2,076
  • Edited 11:46am Jan 10, 2007 5:19am | Edited 11:46am
Quoting flytox
Bonjour everybody,
I' did not find how to draw the 6th candle trend before 24h00. Is it from the top of the candle? the low ? where to find the second point ? I listened to the recordings (thanks accrete) but nothing clear about the 6th candlle.
merci for your help.
Ps: How to know the gmt time of the teamspeak ?
Hi,

I think OR has already answered that question with respect to 6th candles:

http://www.forexfactory.com/forexfor...postcount=1576
(See orange text in quote.)

The majority of us are still trying to unravel the mysteries of this 6th candle knowledge. So, we need to practice, practice...

There are several examples within this thread where the 6th candle marker is discussed and clarified. It was introduced around page 90 post # 1341. Review the thread from there, you will find lots of useful information related to the 6th candle and its use.

Also consider this:

http://www.forexfactory.com/forexfor...postcount=1569

Teamspeak is a 24hr service, I believe.

However, it is currently busiest during London/New York sessions, say 07:00 until 17:00 GMT

Regards,
  • #2,077
  • Jan 10, 2007 6:39am Jan 10, 2007 6:39am
Thanks a lot exastris. i understand that answer is practice and practice and practice and the 6th is sometimes one of the specials candels.
Thanks again
Rien ne sert de courir il faut partir ā point.
  • #2,078
  • Jan 10, 2007 10:47am Jan 10, 2007 10:47am
Snap,
For all that Bill has done for you in trying to improve your trading, you are an ingrate. SNAP OUT OF IT!!!!!! What Bill said was in jest. BTW, learn to spell. You have now lost an opportunity to learn from the best and you have thrown it away. Good luck to you.
  • #2,079
  • Jan 10, 2007 10:52am Jan 10, 2007 10:52am
Quoting Army1
Snap,
For all that Bill has done for you in trying to improve your trading, you are an ingrate. SNAP OUT OF IT!!!!!! What Bill said was in jest. BTW, learn to spell. You have now lost an opportunity to learn from the best and you have thrown it away. Good luck to you.
Agree!! Dont even buy my book!!

OR
Change Your Thinking. Change Your Life - JD
  • #2,080
  • Jan 10, 2007 11:07am Jan 10, 2007 11:07am
NO MORE REPLIES. Not worth the mental real-estate. Thanks again to OR, Bill, Glenn, Traderlissmiss and everyone else who so selflessly give of their time, effort, and resources to make us all a success!
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