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SRDC Episode I

  • #1,101
  • Jan 17, 2007 3:58am Jan 17, 2007 3:58am
Dun worry OR,

when u bring forth episode 6, it will be Return of the Jedi. hehe.
Lemme see we're in Episode 2 now, errmmm...clone wars? Yeah alot of jedis died in that episode but those who pulled thru truly becomes masters of the force. Oh and watch out for one young and powerful jedi which will turn against the force in episode 3. Ohhh im jesting again. SRDC1 rocks the pips...SERIOUS! Gd day all!

Quoting OrangeRoshan
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!!
  • #1,102
  • Jan 17, 2007 4:01am Jan 17, 2007 4:01am
Yesterday's low on the EUR was 1.2908. I would normally look to enter (short) around 1.2904 or 5. However this is so close to the round number that I am not sure. What would you guys do?
Full-time trader and loving it!
  • #1,103
  • Jan 17, 2007 4:27am Jan 17, 2007 4:27am
anyone else using a trailing stop for SRDC1? It cuts some trades short at BE or less than 5 pips but it lets other run.
TRADE FOR SWAP
  • #1,104
  • Jan 17, 2007 5:43am Jan 17, 2007 5:43am
There was once a great Jedi who had thousands of disciples, and his mere presence at the courts of kings was regarded as conferring legitimacy upon their rule.

But he very seldom spoke. When he did, it was about matters which did not seem to be connected with the force. And yet many great Jedi masters attribute their attainments to having sat at his table, or from being in his guest house, or even from associating with the other disciples, or working in his house.

One day, this great Jedi was challenged by a famous preacher to dispute with him on the matters of trading SRDC. The preacher claimed that the Jedi knew nothing about the force, and spoke very little on weighty matters because he was ignorant of them.

The Jedi set out to meet the preacher. Each of the disputants was attended by hundreds of students, who had assembled, together with a multitude of townsfolk, to witness the duel of these giants.

The challenger began his tirade with a carefully thought out sentence, obviously preparing to launch a full-scale attack. Then, suddenly, after less than a minute, the Jedi stood up and pointed his finger at the preacher, who stood like stone, abruptly ceasing to speak before fleeing from the hall.

On the way home, one of the disciples said to his master, who had been cheered to the echo by the delighted audience: 'Why did you choose to throw paralysis upon that man, instead of refuting his arguments?'

The Jedi answered: 'If you have a sword in your hand, do you charge the opponent with mud bricks? Even a monkey would not chatter if it could do something more effective. That man wanted to defeat me, not to discover the truth.'

http://i122.photobucket.com/albums/o...sObiWanAni.gif

  • #1,105
  • Jan 17, 2007 6:33am Jan 17, 2007 6:33am
Goldsmith,

I use trailing stop once I have taken my second profit. 70%/20%/10%(with a trailstop) I like to let it run since I would be in positive pips even if it is triggered.




Quoting cgldsmth
anyone else using a trailing stop for SRDC1? It cuts some trades short at BE or less than 5 pips but it lets other run.
All 4 1 and 1 4 All
  • #1,106
  • Jan 17, 2007 7:58am Jan 17, 2007 7:58am
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?
If you go throught the SRDC1 thread from the beginning you will see that OR had us only aim for 5 pips for a reason. It's true that we take many more than 5 pips, but in the beginning we only took 5. Now see if you can discover why on your own by reading the thread. And please keep it positive in here! You see some of us have been here since the beginning and we are like family, and we know this system works.

Happy Pippin
  • #1,107
  • Jan 17, 2007 8:34am Jan 17, 2007 8:34am
Ouch ! Got in last night on EUR/USD at 1.2903 (prev day low 1.2908 + 5 pips spread) with a 5 pip TP and a SL of 30 pips. Well, I got kicked out a few minutes ago....$300 demo money down the drain.....
"Lunch ? Lunch Is For Wimps !"
  • #1,108
  • Jan 17, 2007 8:36am Jan 17, 2007 8:36am
My Fellow Padawans

When in doubt refer back to this two documents. Do not allow any substitutes. If you have questions or confused about the method it is safer to stick to the words of our master instructor. As you read these threads you will come to know the real jedis. DO NOT BE LED ASTRAY. STICK TO THE RULES AND YOU WILL SUCCEED.









The SRDC LEVEL II MANUAL WILL BE UPDATED SOON TO INCLUDES THE LASTEST TEACHING. BUT FOR NOW IT IS STILL AN EXCELLENT AND GENUINE GUIDE


OrangeRoshan SRDC method.doc (112.5 KB, 4313 views)
(SRDC1 pg.1/post#1)


SRDC Level II - V2.pdf (856.1 KB, 243 views



(SRDC 2 PG.70/POST#1039)




All 4 1 and 1 4 All
  • #1,109
  • Edited 9:12am Jan 17, 2007 9:12am | Edited 9:12am
Quoting MrFuture
Ouch ! Got in last night on EUR/USD at 1.2903 (prev day low 1.2908 + 5 pips spread) with a 5 pip TP and a SL of 30 pips. Well, I got kicked out a few minutes ago....$300 demo money down the drain.....
Yes, see my post above as well, regarding being near the round number. I think I will carry on using SRDC, then apply SRDC I advanced as a more cautious approach when near round number, say within 15-20 pips.

So it looks as if I'll be using SRDC I advanced on the GBP soon!
Full-time trader and loving it!
  • #1,110
  • Edited Jan 18, 2007 2:48am Jan 17, 2007 9:18am | Edited Jan 18, 2007 2:48am
Quoting MrFuture
Ouch ! Got in last night on EUR/USD at 1.2903 (prev day low 1.2908 + 5 pips spread) with a 5 pip TP and a SL of 30 pips. Well, I got kicked out a few minutes ago....$300 demo money down the drain.....



Hi,

Today was not a good day, so far, for SRDC I due to several factors associated with news and the fact that we are up against major S/R, at least on GBPUSD and EURUSD. If you look at your weekly chart you will see that price has been oscillating around 1.2908 for some time. Please refer to link for further information on why this is so:

Click here

We must also consider Orange Roshan's trade rules as defined in:


OrangeRoshan SRDC method.doc (112.5 KB, 4313 views)
(SRDC1 pg.1/post#1)



1) Watch the monthly / weekly highs and lows. I would avoid a trade when it is near to the H&L. Price might reverse against your favour before it hits your takeprofit.



Regards,
  • #1,111
  • Jan 17, 2007 9:32am Jan 17, 2007 9:32am
Quoting 4rex
Goldsmith,

I use trailing stop once I have taken my second profit. 70%/20%/10%(with a trailstop) I like to let it run since I would be in positive pips even if it is triggered.
Hi 4rex,

could you teach me how to do 3 TP on metatrader4?

Or is it that you open 3 position at a time?

I already know about the 3 TP points since it been discuss before in SRDC 1 thread, and SRDC 2 also i think(forgot). But i dont know how to do that unless we open 3 position for each buy/sell stop.
  • #1,112
  • Edited Jan 18, 2007 2:50am Jan 17, 2007 10:00am | Edited Jan 18, 2007 2:50am
Quoting exastris


Click here

Usefu link thanks, clearly the 1.2908 was resistance and has now become support....
Full-time trader and loving it!
  • #1,113
  • Jan 17, 2007 10:28am Jan 17, 2007 10:28am
Taken form the SRDC II thread from OR's rules:
Quote
5) Please be humourous 100%. Im a Sc-Fi freak. When you dont know STAR WARS or STAR TREK or BSG or ....., please watch the movies or simply stay in the deepest jungle of Borneo alone, that way, you will learn from Chubaka himself about all the characters we will be mentioning.
I hope Dr Who counts. Maybe I'll be accepted if I think up some quotes.

At any rate, I was wondering if I can verify some stuff from last night.
First my Cable trade didn't get activated. I closed it out before 11am New York session time, which it looks like it went perfectly up. Maybe I should've waited.
Euro I didn't take, too close to resistances or trend.
And Yen broke through Before Tokyo opens by an hour I think, so I missed it. Maybe it's because NZD had some releases last night before my daily candle closes. Yen would've been a good trade probably, I just decided to wait until Tokyo opens to place the orders lately.

Anyone else have a similiar situation last night?
  • #1,114
  • Jan 17, 2007 11:20am Jan 17, 2007 11:20am
Getting bored waiting for the GBP to break, I decided to count the number of times the Monday daily candle was a reversal of the Sunday candle.

Nothing clever, just was Monday the opposite colour to Sunday.

And the results?

From 1st January 2006 to today a total of 54 Mondays traded, less 3 holidays so 51.

Of the 51, 33 were reversals, 18 not.
So 64.7% yes, 35.3% no, or a ratio of 1.8:1 - nearly double.

Like I say, nothing clever and you'd have to go into a lot more detail to show you could make a profit trading this, but I believe the Tango Man!
Full-time trader and loving it!
  • #1,115
  • Jan 17, 2007 11:44am Jan 17, 2007 11:44am
Hi all, i have been testing the original SRDC Method Episode I this month

i am using a TP of 5 pips and a 25pip SL, only GBP/USD
Out of 12 days traded i got 13 trades (1 day price brokes both-ways.)
Out of that 13 trades, 12 winners and 1 losser.
So, 12 x 5 = 60 pips less 25 of the stop loss.
TOTAL = 35 pips.

I´m trying to figure out which is the best SL for this pair, any thoughts?

thanks,
Dan.-
  • #1,116
  • Jan 17, 2007 12:17pm Jan 17, 2007 12:17pm
Quoting MrFuture
Ouch ! Got in last night on EUR/USD at 1.2903 (prev day low 1.2908 + 5 pips spread) with a 5 pip TP and a SL of 30 pips. Well, I got kicked out a few minutes ago....$300 demo money down the drain.....
Sorry to hear that, but wow 5 pip spread on euro? I got in at 1.2906 (1.2908 - 2 pip spread) and made my 5 pips in about 20minutes time.

I know I didn't add the extra pip for safety on the entry price, but seems like it worked out for me.

Good luck to everyone.
-i trade currencies at the airport-
  • #1,117
  • Jan 17, 2007 1:26pm Jan 17, 2007 1:26pm

GBP didn't work for me today, because of the round number I got in long using advanced, after a clear candle, 19723. Stopped out at 19693. I see now why OR suggests a 50 pip stop on GBP, will have to watch and see where it goes. Or maybe this is just one of the losing ones, we know it won't be 100% wins.
Full-time trader and loving it!
  • #1,118
  • Jan 17, 2007 1:46pm Jan 17, 2007 1:46pm
Quoting dabella
Hi all, i have been testing the original SRDC Method Episode I this month

i am using a TP of 5 pips and a 25pip SL, only GBP/USD
Out of 12 days traded i got 13 trades (1 day price brokes both-ways.)
Out of that 13 trades, 12 winners and 1 losser.
So, 12 x 5 = 60 pips less 25 of the stop loss.
TOTAL = 35 pips.

I´m trying to figure out which is the best SL for this pair, any thoughts?

thanks,
Dan.-
I don't know about you or anyone else, but I'm going to forward check/back check all my trades for now on and log all the retracements prior to it hitting 5pips Take Profit.
I want to see what the numbers are per pair, because if unnecessary, like your week, 30 pips wiped out half the profit.
Though profit is profit!

And of course, with SRDC II or monitoring the trade live, will create bigger gains making a 30 point stoploss not a big deal.

In other words, there are a lot of things that will change the outcome of your record and make your trades better or worse. If I followed Yen for more than 5pips more often,being stopped out isn't as bad now.

Though I'm a "newbie", but I'm sure no one will disagree with this one.
  • #1,119
  • Jan 17, 2007 1:52pm Jan 17, 2007 1:52pm
Hi,
Thanks for your reply to my post.
Bom-Bom said from December 2006 to present he has never been stopped with a sl of 55 pips. That information is the most useful in his very long post.

A fellow trader asked for a simple expert, where we can change the tp and sl, and see which combination is most profitable. Im sure such an expert has already been created before in this thread. Can someone direct me, us, to the particular post? Maybe we can backtest it with say 80 tp and 35 stop loss, etc..

If someone has had a bad trade and tells us of it, then we should welcome that. Not reply to say only positive posts are welcomed. We should create realism in this thread and not be dreaming that this system is good because we have been unsuccessful in the past, although it may be.

OR has put alot of effort in this thread and forum. We thank him for that, but we will continue to constructively critisise the system if we want, which is healthy.
  • #1,120
  • Jan 17, 2007 2:24pm Jan 17, 2007 2:24pm
December 2006 is only almost a month of testing. Maybe if he said 2005 that would be impressive. Though, in 3-4 weeks that's still really good.

Let's say, for pure fantasy and arguements sake, that you get stopped out with a 20s/l as you would with a 30s/l. I would then use 20 instead of 30 and save 10 pips worth of losses.

I'll still get stopped out at times when I forget there's a resitance or trendline stopping me. I'd just like to see all the frequencies of every pair.

But I post here and talk about all this, because this system is working amazingly and I like it a lot. it's the best I've used so far, and with only 5pips a trade too!
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