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SRDC Episode II

  • #2,101
  • Jan 11, 2007 3:46pm Jan 11, 2007 3:46pm
Quoting OrangeRoshan
Wanis, I do lose trades but its very manageable. What is important is making positive pips every end of the day.

OR
Master,

Thanks again for your time. Actually I'm waiting for this statement to confirm my understanding on your system. Every time you said that you catch any single dip and bounce in the channel - understandable because it's so predictable - dancing of candles. But when you said you catch every single break out, I doubt you do it without loss. Do reserve and predict for break out using trendline - now it seems predictable and make sure SL in place coz our main reference is channel.

Thanks again!
-wanis-
  • #2,102
  • Jan 11, 2007 7:25pm Jan 11, 2007 7:25pm
Hai,

Can anyone tells me...when resistance becomes support, what does that means?

Tq.
Shah For every action there is an equal and opposite reaction.....
  • #2,103
  • Jan 11, 2007 7:46pm Jan 11, 2007 7:46pm
Quoting Panjan
Hai,

Can anyone tells me...when resistance becomes support, what does that means?

Tq.
Hi,
based on my understanding, once the price pass thru the resistance, and stay above that, at that time R -->> S

-wanis-
  • #2,104
  • Jan 11, 2007 9:28pm Jan 11, 2007 9:28pm
ziggy where did you go????
  • #2,105
  • Jan 12, 2007 9:32am Jan 12, 2007 9:32am
Hai Guys,

Last night I was stopped -30 during the news. Was thinking to reverse my trade but just don't have the guts for that. Missed quite number of pips last night. But it's ok. You can't win all the times. At least manageble lost.

But today quite a good trading day for me and I hope for all SRDC members too.
I got one question here though....What is the most obedient currency for SRDC II..??? 100 jedi pips for who got it right....

SRDC II for tonight;

GBP/USD - 85 pips
USD/JPY - 30 pips
USD/CAD - 60 pips

Man.. I love this SRDC. Thanks OR.
Shah For every action there is an equal and opposite reaction.....
  • #2,106
  • Jan 12, 2007 11:30am Jan 12, 2007 11:30am
Thanks OR for your teaching and Star Wars humor. After two years of studying methods of trading forex, I have begun to feel the force is with me.
I'm beginning to see the channels and the dance within them. I haven't posted before due to my padawan status, but do so now to qualify for Teamspeak, where I will also be just a listener. You have already given me
enough to reach the success I seek. I can see that. Now it's practice, practice. With the patience needed by a Jedi, I will someday stand in the presence of the council.
Thanks, also to others, too numerous to name. Like stars, you brighten the
journey thru the galaxy.
  • #2,107
  • Jan 12, 2007 1:21pm Jan 12, 2007 1:21pm
Hey, Panjay,

I am curious how you grab 85 pips on gbp last night using SRDC II. Can you post the trades? Like when you get in and when you closed the trade.

Thanks,
aha


Quoting Panjan
Hai Guys,

Last night I was stopped -30 during the news. Was thinking to reverse my trade but just don't have the guts for that. Missed quite number of pips last night. But it's ok. You can't win all the times. At least manageble lost.

But today quite a good trading day for me and I hope for all SRDC members too.
I got one question here though....What is the most obedient currency for SRDC II..??? 100 jedi pips for who got it right....

SRDC II for tonight;

GBP/USD - 85 pips
USD/JPY - 30 pips
USD/CAD - 60 pips

Man.. I love this SRDC. Thanks OR.
Target: Trading naked.
  • #2,108
  • Jan 12, 2007 1:57pm Jan 12, 2007 1:57pm
wow.....first of all superb job with your trades , the force is strong with you.
and i second aha's request, how did u do it ?
learn something everyday
  • #2,109
  • Jan 12, 2007 2:10pm Jan 12, 2007 2:10pm
Quoting Panjan
Hai Guys,

Last night I was stopped -30 during the news. Was thinking to reverse my trade but just don't have the guts for that. Missed quite number of pips last night. But it's ok. You can't win all the times. At least manageble lost.

But today quite a good trading day for me and I hope for all SRDC members too.
I got one question here though....What is the most obedient currency for SRDC II..??? 100 jedi pips for who got it right....

SRDC II for tonight;

GBP/USD - 85 pips
USD/JPY - 30 pips
USD/CAD - 60 pips

Man.. I love this SRDC. Thanks OR.
I am with Aha, I would love to see a post of your trades.
  • #2,110
  • Jan 12, 2007 2:18pm Jan 12, 2007 2:18pm
This forum in general has one of the best community, This method has such a big following and reading all this thread takes ages! I'm very new to forex and only started demo trading from Jan 2007. Hope to make some pips and wush everyone good pipping for 2007! I will try to contribute once I have caught up with reading all this thread!
  • #2,111
  • Jan 12, 2007 4:38pm Jan 12, 2007 4:38pm
well 3 out of four is not bad, but I am not satisfied. Truth be told, for the week I am down 88 pips. The biggest part of that was one trade on monday...that I got GREEEEEEEEEEEEEEDY on, I was up 15 pips or so and was honestly waiting on 5 more pips, and had to close out at -30..OUCH!!! But I have been positive for 3 weeks in a row prior to that. I am digging myself out of a hole, because I started trading live a few months before the first SRDC posts. Now that we are in srdc, I am coming out of the hole. its not a deep one, but I can't wait until the money I am trading did not come from my pocket, but from the market. anyway...i had a rough week, but looking very forward to next week...MORE PIPSSSSS!!!!
  • #2,112
  • Jan 12, 2007 5:05pm Jan 12, 2007 5:05pm
Quoting Traderbill07
I am with Aha, I would love to see a post of your trades.
Hai Guys,

This the GBP trade that I took last night. Actually its a second trade. The first trade was entry at 9469 and out at 9487. The second trade that really give me pips. At the time I wrote that post above, the trade was still open and it was closed at .9590 for 94 pips.

I just got lucky cause after I closed to go to bed, it went down a bit.

Hope it helps.
Attached Image
Shah For every action there is an equal and opposite reaction.....
  • #2,113
  • Jan 12, 2007 5:12pm Jan 12, 2007 5:12pm
The Most obedient Currency...............
Attached Image
Shah For every action there is an equal and opposite reaction.....
  • #2,114
  • Jan 12, 2007 5:57pm Jan 12, 2007 5:57pm
That was interesting Panjan. My channel was drawn differently then yours but apparantly yours worked out this time. It proves again that it's an art than science to find the best fit channel.



Quoting Panjan
Hai Guys,

This the GBP trade that I took last night. Actually its a second trade. The first trade was entry at 9469 and out at 9487. The second trade that really give me pips. At the time I wrote that post above, the trade was still open and it was closed at .9590 for 94 pips.

I just got lucky cause after I closed to go to bed, it went down a bit.

Hope it helps.
Target: Trading naked.
  • #2,115
  • Jan 12, 2007 7:27pm Jan 12, 2007 7:27pm
Quoting preacher165
ziggy where did you go????
Sorry about that, I had an emergency that I had to take care of and I wasn't thinking straight. I should've told everyone that I leaving. When I got back home my internet connection was down.
  • #2,116
  • Jan 12, 2007 8:33pm Jan 12, 2007 8:33pm
Quoting aha
That was interesting Panjan. My channel was drawn differently then yours but apparantly yours worked out this time. It proves again that it's an art than science to find the best fit channel.
Aha,

If don't mind to post your chart, at least we can share the reason why we drew our charts in our own respective ways. At least I'm been able to know whether I got lucky or other wise.

We are here to learn anyway and I have read many of your good posts in FF.
You are good man.

Thanks
Shah For every action there is an equal and opposite reaction.....
  • #2,117
  • Jan 12, 2007 9:02pm Jan 12, 2007 9:02pm
Team Speak Server will be down until sunday....see ya then
  • #2,118
  • Jan 12, 2007 9:11pm Jan 12, 2007 9:11pm
We had a great week again in the SRDC Teamspeak room. SRDC I ruled the week and was the big winner again today. When channels are changing and it is hard to decide which way to go, stay with the basics. To my knowledge there was only one bad SRDC I trade all week and that was last night on the Euro. Just a note, this would not have been a trade if you were using SRDC I Advanced. Just to be fair, as always, there were some losses on SRDC II as we scrambled to identify the channel. This up coming week may be the best yet.

Traderbill
  • #2,119
  • Jan 12, 2007 9:28pm Jan 12, 2007 9:28pm
Quoting Panjan
Hai,

Can anyone tells me...when resistance becomes support, what does that means?

Tq.
Hi Panjan,

Resistance is the trendline above the price and support is the trendline below the price. Once a resistance line is broken then it becomes support when price retraces back to that point. Just reverse this for the support to resistance lines.

Hope that helps you.
Dave If you can't swim with the sharks stay out of the water!
  • #2,120
  • Jan 13, 2007 12:34am Jan 13, 2007 12:34am
Hi Team,

As usual, its been a great day of trading, as the Pounds were bouncing off from the original path due to BOE decision to incerase Interest rates.

The decision was to scale down inflation but it created a demand of the Pound in the FX market which drives the pound higher against the dollar. I believe the move is "short live" as higher pounds will drive the economy nuts. However, we donot know the timeframe of "short live" here or do we? As usual we will focus on SRDC I to capatilise this temporary up move.

As the market sentiment is becoming more and more predictable, I like to help the team with some help in drawing their channel. This will ready everyone for the next SRDC II trade.

A dear friend of mine, recommended the team using ZigZag as a tool to help traders in Channel drawing. Just get this tool from custom indicator inside MT4 and change the Width Value to 100 in 15mins chart, or 88 in 1 hour chart. Play around with the depth number to see a good precise trend for the day or the week.

I will create a new thread to teach more on this subject. This way, all of you can access the information more easily.

The Jedi will rule the FX world once the dark force is totally defeated.

OR
Change Your Thinking. Change Your Life - JD
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