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SRDC II Channel of the day

  • #41
  • Jan 11, 2007 8:38am Jan 11, 2007 8:38am
Quoting behof
Hi 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

Bernhard
I'm wif you guys!
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HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #42
  • Jan 11, 2007 8:45am Jan 11, 2007 8:45am
Hi accrete,
it seems to me that the big difficulty with srdc2 is to find the real trend. I was downtrend before rthe news pike; you are uptrend since the beginning of the week. Is there rules to master concerning spotting the real trend.
Thanks.
Mohamed
Rien ne sert de courir il faut partir à point.
  • #43
  • Jan 11, 2007 9:01am Jan 11, 2007 9:01am
Hi Folks !

We have a new year and also new hopes and perspectives.

Despite this is a thread for the daily channel I will post my point
of view for the daily, weekly and monthly trend for the GBP.

1. Monthly chart :

As you can see we have an uptrend for the GBP since the
beginning of 2003 with Ups and downs following the channel.
At the moment we have a trendline break on CCI with tendency
of heading south.
Price is at the median and there is potential for a swoon down to
the lower quadrant 4.

2. Weekly chart :

As you can see we have also an uptrend for the GBP.
At the moment price is at the median and we have to wait for
a break of the long trendline on CCI for heading down.

3. Daily chart :

As you can see we are in a downtrend on the daily.
Price is heading up to the median with resistance at the
LWMA 50 line.
The long term trendline on CCI had first been broken to the downside
and is heading up at the moment.
I think that this is only a short counter trend and for the long run
the GBP is a downhill play !!
=> See also the COT-Data where the commercials are extremly short

Perhaps Orange could comment my points of view here

Greetings

Bernhard
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  • #44
  • Jan 11, 2007 9:14am Jan 11, 2007 9:14am
Thanks a lot Bernhard. This sight clear the trends in srdc2.
Rien ne sert de courir il faut partir à point.
  • #45
  • Jan 11, 2007 9:23am Jan 11, 2007 9:23am
I like your analysis Behof

Thank you
Johann Channels and cycles are everything
  • #46
  • Jan 11, 2007 11:28am Jan 11, 2007 11:28am
Hello everybody at the Forex Factory, what an amazing amount information.
Thankyou to everybody, on all of these forums, simply brilliant.

I have attached some charts of different time frames with the channels with in the channels, they all cross reference in away I hope everybody understands.

Hopefully I am in the ball park.

Please free to comment.

Questions to the Orange Man..

1. On the Daily or weekly chart how far back to you recommend starting the Major trend channel, (ie. number of years or months)

2. Same question as above but for the 15min. chart (ie. number of days or hours) and should the minor channels in the 15min. be re-drawn every day or hour or session?

Cheers, thanks for the intro into a great system.


P.S. Did anybody notice at the start of the day on the daily we had the beginning of double bar low within one pip (price action) : which looks to engulf now.
(a little message from the force maybe?)
  • #47
  • Jan 11, 2007 11:32am Jan 11, 2007 11:32am
charts attached hopefully
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  • #48
  • Jan 11, 2007 3:02pm Jan 11, 2007 3:02pm
What a crazy day! Is this an OK channel to use? Appreciate feedback.
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Steve
  • #49
  • Jan 11, 2007 3:57pm Jan 11, 2007 3:57pm
Hi Pipsteve,


It sure was a crazy day, but a great day / week for learning about channels, and how they change direction.

Looks in the ball park, but don't forget the channel you have is very minor in the scheme of things.

I will be looking out for Resistance around 1.9460 - 1.9520 region, and a possible bounce off the top of the 1 Hour Main channel. If it moves through 1.9520 ish it could continue. This move could also be supported by a double bar low with higher close on the Daily (price action?). Most likely we will see after the Core retail sales on Friday.

All the best
  • #50
  • Jan 11, 2007 4:29pm Jan 11, 2007 4:29pm
First time uploading to see if I have it right. Please ignore MA as it is not part of SRDC.
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Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #51
  • Jan 11, 2007 4:34pm Jan 11, 2007 4:34pm
seems like price returned back to the channel
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  • #52
  • Jan 11, 2007 4:40pm Jan 11, 2007 4:40pm
Looks like resistance near 100 Fib 1.9462 is holding price down at the moment.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #53
  • Jan 11, 2007 7:14pm Jan 11, 2007 7:14pm
Hai Guys,

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.

Best Regards,
Shah For every action there is an equal and opposite reaction.....
  • #54
  • Jan 11, 2007 7:24pm Jan 11, 2007 7:24pm
Quoting Panjan
Hai Guys,

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.

Best Regards,
Good sharing! this is the basic that everyone should know to correctly identify the trend.

-wanis-
  • #55
  • Jan 12, 2007 2:06am Jan 12, 2007 2:06am
This is the one I´m trading today. 4 points of S and R

http://img169.imageshack.us/img169/8...7030526yi7.png
Johann Channels and cycles are everything
  • #56
  • Jan 12, 2007 9:17am Jan 12, 2007 9:17am
Tragapips,

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.....
Shah For every action there is an equal and opposite reaction.....
  • #57
  • Jan 12, 2007 10:06pm Jan 12, 2007 10:06pm
Hi All,

Here is my channel as of Sat 13 Jan 07 after Friday's move. Does this agree with your channel???
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Dave If you can't swim with the sharks stay out of the water!
  • #58
  • Jan 13, 2007 7:40am Jan 13, 2007 7:40am
channel starting from january 10th
looks like the same as yours Dave
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  • #59
  • Jan 13, 2007 6:34pm Jan 13, 2007 6:34pm
Quoting Panjan
Tragapips,

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.....
Hello Tragapips.....

Where are you....my friend...
Are making Pips.........???
Shah For every action there is an equal and opposite reaction.....
  • #60
  • Jan 14, 2007 2:10am Jan 14, 2007 2:10am
Quoting Panjan
Balflear,

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.
Ok thanks for the reply.

Ive try drawing using equidistand and by using the trendline rules of finding two low point for uptrend, the channel seems similar to yours.

But my question to everyone is can those two low point consider to be valid? Meaning that can we trust it?

Sorry im a newbie in this.
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