SRDC Episode I 1,331 replies
Discussion on EA pertaining to SRDC methods 40 replies
Discussion on Indicators pertaining SRDC 62 replies
SRDC II Journal for All 11 replies
DislikedHi Accrete !
What a wonderful agreement.....
I took the long trade after the break of the CCI-trendline..
It seems that we're on track
Greetings and happy Pippin
Before we draw a channel, we need to learn the basic criterias of the trendline first. It is very dangerous to have wrong channel drawn. eg. With the right channel, you are at Q1 but when we draw a wrong channel..maybe it put us at Q4. This will give us a wrong entry position.
Basic for trendlines..if upward move...find two low points to draw trendline and three points even better. A channel is just another line that we draw parallel to the trendline.
For downward move..find two high points or even three is better to draw our trendline. Once we draw the trendline then draw a parallel line to make it a channel.
This basic is a must because trendline is nothing else then to show us the S/R. and we have to bare in mind when the price moves, it will create new S/R because it deals with demand and supply.
Pls do get me wrong...I'm just trying to help & share and if I'm wrong pls ignore me.
Since you've drawn your channel correctly, you should be making quite a beautiful sum of pips tonight......am I right?
That the power of channel.....Ignored
I draw my trendline mannually. I'm an old man and been trading since 1992. Sometimes I'm having problems with an automated things.
Have a good weekend.Ignored