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SRDC Episode I

  • #1,081
  • Jan 16, 2007 10:31pm Jan 16, 2007 10:31pm
Quoting amanuel
Bom-Bom right on th emoney..

I am wondering why do we even have to beg them to do it.
Let them try it and get it if they are interested.
If not, find other method- there is tons out there.

Seek and ye shall receive.

Blessed are the thirsty, for they will .....


if you want it bad, you would read every post under srdc and FF for that matter...FF rocks, and you will find knowledge here.
Hmm...yes Amanuel, I did not beg them to do it. I just want them to think outside the box and think more and more. If they read this thread since page 1 there are some people ever posted that doubt and OrangeRoshan himself has answered them, then there will be no similar posts like those again, as Master Roshan has answered it. Hope they understand that even my post is not trying to make an offense to them.

Let's keep this thread ROCKS and full of constructive ideas, as DOUBT HAS NO PLACE IN FOREX !!!!!

Regards.
  • #1,082
  • Jan 16, 2007 10:49pm Jan 16, 2007 10:49pm
Quoting lmills2
Glitz,

Go to the thread SRDC II and look at post #53. I think this may be what you're looking for, or somewhere near there. It talks about placing trade immediately in opposite direction as soon as little Sunday candle closes.

Hope this helps,

Lyn
Hi^^ ! 1st of all i would like to thx u for replying my doubts ^^
Infact, i have followed wut u said, and have a look at the SRDC2 thread, i found the posts about the sunday/monday candle. I understand that the sunday/monday tiny little candle will most probably follow by a big candle after it and the big candle's direction will most pobably be at the different direction from the sunday/monday candle, Am i right ?

But i have 1 more problem, which is I am currently using the MT4 platform as my chart provider, and I am living in Malaysia (GMT +8). I dont see any Sunday candle during my Sunday ?!!? Why isiit so ? Is there any ways that i can change the settings in MT4 so the sunday candle is visible during my Sunday ?

thx In Advance^^
  • #1,083
  • Jan 16, 2007 11:06pm Jan 16, 2007 11:06pm
Quoting Glitz83
Hi^^ ! 1st of all i would like to thx u for replying my doubts ^^
Infact, i have followed wut u said, and have a look at the SRDC2 thread, i found the posts about the sunday/monday candle. I understand that the sunday/monday tiny little candle will most probably follow by a big candle after it and the big candle's direction will most pobably be at the different direction from the sunday/monday candle, Am i right ?

But i have 1 more problem, which is I am currently using the MT4 platform as my chart provider, and I am living in Malaysia (GMT +8). I dont see any Sunday candle during my Sunday ?!!? Why isiit so ? Is there any ways that i can change the settings in MT4 so the sunday candle is visible during my Sunday ?

thx In Advance^^
Use the interbankfx demo platform, you can download it here :

Inserted Code
http://www.metaquotes.net/files/interbank/ibsetup4.exe
use that platform to analyze and trade using your broker, the time in that is already GMT.

Regards.
  • #1,084
  • Jan 17, 2007 12:07am Jan 17, 2007 12:07am
Hi Glitz,

I believe the understanding is that most of the time, the bar following that little Sunday bar will be a good trade in the opposite direction of the Sunday bar, so you have it right.

As Bom-Bom suggested, the interbankfx platform would be the one that has that little Sunday bar. It's the one I use for this.

Lyn

Quoting Glitz83
Hi^^ ! 1st of all i would like to thx u for replying my doubts ^^
Infact, i have followed wut u said, and have a look at the SRDC2 thread, i found the posts about the sunday/monday candle. I understand that the sunday/monday tiny little candle will most probably follow by a big candle after it and the big candle's direction will most pobably be at the different direction from the sunday/monday candle, Am i right ?
  • #1,085
  • Jan 17, 2007 12:50am Jan 17, 2007 12:50am
I 've lread all these positive posts about this method and the users recommending GBP/USD which I agree with. So let's say you are using 50 pip stops and 5 pip targets. If you look at 1/05/07 that failed going long and 1/07/07 going short that is 100 pips lost in 4 days. That requires 20 winning days to break even.
Am I missing something?
  • #1,086
  • Edited 1:32am Jan 17, 2007 12:58am | Edited 1:32am
Quoting steinitz
I 've lread all these positive posts about this method and the users recommending GBP/USD which I agree with. So let's say you are using 50 pip stops and 5 pip targets. If you look at 1/05/07 that failed going long and 1/07/07 going short that is 100 pips lost in 4 days. That requires 20 winning days to break even.
Am I missing something?
Yes, you are missing something sir. It is called TRUST.

I just don't understand why you even bother to come to this thread, if you don't trust SRDC method.

Go Predict your Future with RSI before commenting on SRDC, specially when you don't even know if it is called SRDC or SDRC (look your post# 10 in (poll) Most Profitable thread).

Be constructive for a change and please don't bother to reply.

Norm
  • #1,087
  • Jan 17, 2007 1:06am Jan 17, 2007 1:06am
Quoting steinitz
I 've lread all these positive posts about this method and the users recommending GBP/USD which I agree with. So let's say you are using 50 pip stops and 5 pip targets. If you look at 1/05/07 that failed going long and 1/07/07 going short that is 100 pips lost in 4 days. That requires 20 winning days to break even.
Am I missing something?
Steinitz..please, cooling down, I am attaching chart that might show U, which are the losses positions?
Attached Image
  • #1,088
  • Jan 17, 2007 1:13am Jan 17, 2007 1:13am
Quoting nmaqba
I just don't unserstand why you even bother to come to this thread, if you don't trust SRDC method.

Go figure your "RSI strategy" and master it first, then waste your time on other's method.

Be constructive for a change, man.

Norm
Hello All,

I must be missing something - the SRDC I trades showed that the 5th worked (really well) and there was no trade on the 7th (weekend). Unless you are trying to trade the weekend candle on the weekend, not on the monday.

Cheers,
GGR
  • #1,089
  • Jan 17, 2007 1:25am Jan 17, 2007 1:25am
Take a look at this trade. Isn't this a loser too. On 1/04/07 the low was 1.9262 then on the following trading day the low went down to 1.9261 on 1/07/07. Any comments?
Attached Image
  • #1,090
  • Jan 17, 2007 1:41am Jan 17, 2007 1:41am
steinitz,

Is yr charting strictly based on GMT time ??

I saw GMT -8 on yr charting. You could have got the pricing wrong based on time. Pls confirm..
The future depends on what we do in the present.
  • #1,091
  • Jan 17, 2007 1:49am Jan 17, 2007 1:49am
Quoting steinitz
My charting is based on PST not GMT time. Are you telling me your system doesn't work on PST?
It is based in GMT time only. Please get interbankfx MT4 for GMT charting.

You got the timing all wrong.

Start day 0000hr GMT.

End day 2359hr GMT.

Then use the day High/Low as support/resistance.
The future depends on what we do in the present.
  • #1,092
  • Jan 17, 2007 1:55am Jan 17, 2007 1:55am
Quoting steinitz
Forgive my typing skills. I will slow down and check for spelling and grammer.

Try not to be smart alec.... compare the data feed between InterbankFX and yr charting...and see the difference.

If u insist on using yr chart timing for SRDC 1 and make losses, don't come here to cry father mother...
The future depends on what we do in the present.
  • #1,093
  • Jan 17, 2007 2:03am Jan 17, 2007 2:03am
Quoting steinitz
My charting is based on PST not GMT time. Are you telling me your system doesn't work on PST?
Steinitz, please understand the rule of this method, that is why in my previous post I said, READ THE THREAD SINCE ITS BEGINNING, FROM FIRST PAGE ONE BY ONE TILL END.

OrangeRoshan ever said, what ever broker you use to trade is up to you, but use Interbankfx chart to calculate the Buy Stop Price and Sell Stop Price. THAT IS THE RULE !!!! and interbankfx uses the GMT to calculate Buy Stop and Sell Stop.

And one more thing, you can not follow the system blindly. That's why read from the beginning until you get a full description of thet method. The price you were trying trade on 3 January (from high of 3 January) formed a double top formation. On 25 December, the GBP/USD jump to 9740 and close at 9739 and the next day open at 9609. So I think this price level is a strange level and I don't want to take a trade on a level like this. If you read this thread completely, there are some restrictions apply for this method, like Weekly High/Low or Monthly High/Low, when the price come to that level, you may consider SRDC1 advanced strategy to trade. Me myself didn't put Buy Stop that day cos this thing!!!!

Once again, read the complete Thread, then make a Conclusion !!!! You can not trade using a method that you learn in instant way !!! This is Trading method, not milk, if this is milk, you can get it Instantly, so it becomes INSTANT MILK !!! Don't be angry my friend, I am trying to joke with you !!! No Offense okay, we're just trying to be objective !!! Again, Please, do read the whole thread !!!

Regards
  • #1,094
  • Jan 17, 2007 2:19am Jan 17, 2007 2:19am
steinitz,

Since u insist on things. I can't help much. Sorry.

Whatever u said, life will goes on as usual in Forex.
The future depends on what we do in the present.
  • #1,095
  • Jan 17, 2007 2:28am Jan 17, 2007 2:28am
Quoting jarroo
Examples (I miss wrote outside bars. It should read Inside Bar)
Hi jarroo,

really like your high/low indicator you have on this graph...do you think i can have one?...i love the simplicity! thanks

ed
  • #1,096
  • Jan 17, 2007 2:54am Jan 17, 2007 2:54am
Quoting Bom-Bom
Use the interbankfx demo platform, you can download it here :

Inserted Code
http://www.metaquotes.net/files/interbank/ibsetup4.exe
use that platform to analyze and trade using your broker, the time in that is already GMT.

Regards.
Interesting thing is, I live in GMT land (UK) and in fact the IBFX time is showing Western European - GMT +1. Not that I think it really matters too much....
Full-time trader and loving it!
  • #1,097
  • Jan 17, 2007 2:57am Jan 17, 2007 2:57am
Quoting 4rex
Digitalis,

Exit strategy is probably the most difficult part of a trade because unless you are a rock, your mind and emotions can play tricks on you. So what I would suggest is scaling out of your trade so that you can end up a winner or at worst breakeven.
Hope this helps
Thanks 4Rex - yes a good solution. I was about to work on that when I read Bom-Bom's post which I think sums it up perfectly. I'm getting too impatient, or greedy, or both.

So I'm just going to go for the consistency, a regular 5 pips on GBP and EUR. Because I spreadbet, I can always just increase the £/point once I'm consistent.

Thanks for you advice (and thanks Bom-Bom for putting things back into context!)
Full-time trader and loving it!
  • #1,098
  • Jan 17, 2007 3:00am Jan 17, 2007 3:00am
Hehe,
No more quarells please. What works for others might now work for some...No system is a hundred percent system. To Steintz. Try looking at your daily candles first...all the way for 6mth to one year. Ok i wun be biased...use watever gmt u like not all are winners...but i can tell u 90% of those candles whip their HL no matter what timing u use. Just look at dailies. For me i just need 11 pips daily. oopps
  • #1,099
  • Jan 17, 2007 3:01am Jan 17, 2007 3:01am
Quoting steinitz
Forgive my typing skills. I will slow down and check for spelling and grammer.

Or even grammar
Full-time trader and loving it!
  • #1,100
  • Jan 17, 2007 3:49am Jan 17, 2007 3:49am
Hi Team,

To those who found this system sucks, please stop using them. I wont apologise anymore when i drain your account.

To those who are about to Pips, we salute you!!

Like Bom Bom said, this ain't instant milk and we work hard and smart!

Happy Piping all and watch out for more Imperial troopers!! They are amongst us!!

OR

Dont ask me, even I dont understand it!!
Change Your Thinking. Change Your Life - JD
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