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SRDC Episode II

  • #2,181
  • Jan 17, 2007 11:22am Jan 17, 2007 11:22am
Quoting Balflear
Yes you are right about SRDC2. Been drawing the channels manually using Equidistand and LRC but always get a breakout. I also hope that we can get back to channel trading once more.

Happy pipping.
Master Orange,

I know there is the option not to trade inside the channels, but to trade the breakouts. Is that a part of SRDC? Would you recommend it?

Thank you.
Pablo
  • #2,182
  • Jan 17, 2007 12:03pm Jan 17, 2007 12:03pm
Finally finished reading the WHOLE thread. As a Youngling (not ready to actually be called a padawan yet) I would like to thank all of you who have kept this alive and running and especially MASTER JEDI OR for shareing his knowledge with us lesser creatures.
Shootist - Have Pip Shooters Will Travel
  • #2,183
  • Edited Jan 18, 2007 12:53am Jan 17, 2007 10:32pm | Edited Jan 18, 2007 12:53am
Hi,
Anyone here knows where i can get this simple indicator that draws the High and Low of the previous day?
Great Thread!
Thanks in advance!
rgds,
ed
  • #2,184
  • Jan 18, 2007 12:51am Jan 18, 2007 12:51am
Quoting ptejerina
Master Orange,

I know there is the option not to trade inside the channels, but to trade the breakouts. Is that a part of SRDC? Would you recommend it?

Thank you.
Thats a different Episode of SRDC.

OR
Change Your Thinking. Change Your Life - JD
  • #2,185
  • Jan 18, 2007 3:14am Jan 18, 2007 3:14am
Quoting edcheong
Hi,
Anyone here knows where i can get this simple indicator that draws the High and Low of the previous day?
Great Thread!
Thanks in advance!
rgds,
ed
go to the resource page's indicator directory link:
http://accrete.com/fx-srdc/indicators/ and download the ATM_HMLC.mq4 indicator and place on your chart. Will show prior day's High, Median, Low, and Close on any time frame from one day down.

: ) Thom

main resouce page link is this one:
http://accrete.com/fx-srdc/
  • #2,186
  • Edited 4:09pm Jan 18, 2007 3:42pm | Edited 4:09pm
Quoting Traderbill07
Grillbritt,

This is SRDC thread. It is considered rude and may be against the SRDC rules to have a link to another thread.

SRDC rules
Pipology 101 student
  • #2,187
  • Jan 18, 2007 8:32pm Jan 18, 2007 8:32pm
I'm curious as to how the gang traded the 18th's London Open? On the LRC i had drawn on the 15m chart the lower LRC support trend line touched the bottom of the 01:00 bull candle and the 06:00 bear candle upward as a ray. Price broke down at the 09:45 bear candle. I entered a trade at the 1.9694 level as per some additional entry filters and took profits and 1.9674 and 1.9652 levels.

Happy trading,
Thom
  • #2,188
  • Jan 19, 2007 2:55am Jan 19, 2007 2:55am
The last two days, the SRDC 1 has worked very well in the EUR and USD
And today the SRDC2 is working like a clok in the EUR USD, you can still make some pips
Thanks OR
Paco
Attached Image
  • #2,189
  • Jan 19, 2007 11:38am Jan 19, 2007 11:38am
Thank you OR for oppening a whole new world to me. Today was the best day ever!
Attached Image
Steve
  • #2,190
  • Jan 19, 2007 9:46pm Jan 19, 2007 9:46pm
Quoting Lou G
I've spent quite a few hours dissecting this indicator and trying to customize it very slightly for use with the SRDC method. For those who care, what this indicator is doing is this:

The indicator finds what I think of as mega-fractals. Standard fractals are turning points in price motion, usually based on a 5 to 9 bar pattern. The SHI indicator, in the case of the 1 hour chart, is looking for 24 bar fractals which are indicative of even more important turning points. When it finds them, they become the basis for the trend lines. The most recent mega-fractal sets the trend line direction.

This is an extremely clever indicator. Someone obviously put a lot of thought and research into its design, particularly in the number of fractal bars used in each time frame. What I'm attempting to do is create a version that will redraw only at midnight on the 1 hour timeframe so that it will not change direction during the trading day the way the standard indicator will. This will enable us to use the trend lines (and the median) as potential profit levels or entry pounts without having the channel change direction after trades are placed.

Hopefully, this will turn out to be useful (and profitable) and will make it much easier to develop an EA.

Best to all,
Lou
By the time I read this you probably have made the indicator or EA that will make shi stay still and does not move - if for some reason you have not made it yet, I have an idea.

How about manualy drawing lines, the top middle and bottom on the top of the shi, and then if it moves, then you can still see the original lines...that way also gives you the way the TTUUNNEELL is moving about like a seasaw type of move too


And the price can easily be predicted within this tunnel even as it moves while price moves.


but I am sure by now you may have already made light years of pips relativly speaking in comparison to a lot of loosers.

...will catch up

pips
Pipology 101 student
  • #2,191
  • Jan 20, 2007 7:51am Jan 20, 2007 7:51am
The channel was a little hard to find this week. We have had so many change of directions that it has been difficult at times for many of us to identify the correct channel. OrangeRoshan has introduced the zigzag into the the mix now and it is helping. There were many SRDC II trades this past week and they were quality(they can be duplicated). This week should return us to a more normal channel and that will help us with the SRDC II trades. On a personal level, I had many winning trades this week and one pretty good loss. If someone says there are only wins they are crazy, but at the same time if someone is only losing, they need more training and practice.

This is our week, lets take some pips.

For those Teamspeak members, this could be our best trading week to date. Thanks for all the support you have given fellow members and lets really concentrate on the team concept this week.

Good Luck,
Traderbill
  • #2,192
  • Jan 20, 2007 1:42pm Jan 20, 2007 1:42pm
Quoting PipSteve
Thank you OR for oppening a whole new world to me. Today was the best day ever!
Can you share your approach. Is it scalping on the q1/q4 of the 15 minute channel ? You seem to take only 10 pips profit ? Does that mean you do not wait until it reaches the other end of the channel or a fib level to exit?
  • #2,193
  • Jan 20, 2007 2:56pm Jan 20, 2007 2:56pm
Quoting jaimeca
Can you share your approach. Is it scalping on the q1/q4 of the 15 minute channel ? You seem to take only 10 pips profit ? Does that mean you do not wait until it reaches the other end of the channel or a fib level to exit?
Since I am trading at work, I don't have time to watch the charts as much as I want, so I just set a TP of 10, and it seems to work pretty good.
This is all on the 15mn TF, as that is where we trade SRDC II
Here is something I started doing, and I do NOT recommend that, and I am not sure I would do it with a live account.
I use NO SL. I had trades go against me 120 pips +, only to come right back, well, in a few days anyway.
Of course my main entry points were my channel.
I also started opening a buy and sell at the same time when it hit my median with NO SL. Something that OR mentions in episode III.
That also worked very well.
I will keep testing this approach in the coming weeks together with the just released episode.
With ORs guidance, I am now a lot more confident trading, I now know why I enter a trade, I just wish I had more time to be in front of the charts more.
Oh well, it will be soon.
Steve
  • #2,194
  • Jan 20, 2007 6:46pm Jan 20, 2007 6:46pm
Quoting PipSteve
I use NO SL. I had trades go against me 120 pips +, only to come right back, well, in a few days anyway.
Of course my main entry points were my channel.
I also started opening a buy and sell at the same time when it hit my median with NO SL. Something that OR mentions in episode III.
That also worked very well.

Oh well, it will be soon.
NO SL. It is amazing the confidence I have gained with this system, not to mention the potential profit that will also help cover for a rainy day, i.e if a margin is hit ...say 150 pip sl is hit lol .

I have confirmed this via back testing and this is so true.

Steve, I am confident that I will quit my day job soon.

Quoting PipSteve
I also started opening a buy and sell at the same time when it hit my median
Are you talking about hedging which I think is a good idea ( instead of SL ?), or are you straddling via buy/sell entry stop ?- I think you doing the latter one since it is on the median which is an excellent idea. Wow
Pipology 101 student
  • #2,195
  • Jan 20, 2007 6:53pm Jan 20, 2007 6:53pm
Quoting amanuel
NO SL. It is amazing the confidence I have gained with this system, not to mention the potential profit that will also help cover for a rainy day, i.e if a margin is hit ...say 150 pip sl is hit lol .

I have confirmed this via back testing and this is so true.

Steve, I am confident that I will quit my day job soon.



Are you talking about hedging which I think is a good idea ( instead of SL ?)
No, this is not hedging, hedging would be if I use a correlating pair.
I really do NOT recommend not using a SL, and I only do this to see what it would be like, but I am on a demo, and I do not think I would do that with a real account, at least not in the beginning.
But SRDC has really given me the confidence that I needed. I am looking at 2-3 years until I will trade for a living, and do the things I dream off.

And I will NEVER forget where I learned this, and I will give back, just as OR is giving us out of the kindness of his heart.

I am just amazed that man of his statue came to us, to teach us for free, this just gives me new hope in all people.
Steve
  • #2,196
  • Jan 22, 2007 10:33am Jan 22, 2007 10:33am
once again orange was right....due to circumstances today i did not make the srdc III trade today, but i saw the action...and it was dead on....it's very fluid, someone mentioned that today. SRDC III (short) moved to SRDC II (long) which turned into a second srdc III (long) which then moved to the srdc I ....on a day with such little price movement, there were a lot of pips to be made today...i am not at my trading computer or I would post a chart. I am sure someone will.
  • #2,197
  • Jan 22, 2007 1:39pm Jan 22, 2007 1:39pm
Just amazing, over 100 pips until now, and I am not done yet.
Attached Image
Steve
  • #2,198
  • Jan 22, 2007 4:20pm Jan 22, 2007 4:20pm
Steve,

Great work! I just want to point out to everyone reading this thread, that PipSteve seriously doubted himself in trading this method for a while. But, he kept at it, studying, testing, etc. And now look at him, he's a PipHarvester!!!

Note to those who doubt, who think negatively about thier ability to be a successful forex trader -- change your stars, it can be done and it is being done with SRDC I, II, and III by normal everday people like you and I. Thanks again to our mentor and master Orange Roshan.

Cheers,
Jeff

If one person believes he can and one person believes he can't -- they are both right. I think Henry Ford said that -- he went bankrupt several times before hitting it big. Press on!
  • #2,199
  • Jan 22, 2007 4:26pm Jan 22, 2007 4:26pm
Quoting investingjeff
Steve,

Great work! I just want to point out to everyone reading this thread, that PipSteve seriously doubted himself in trading this method for a while. But, he kept at it, studying, testing, etc. And now look at him, he's a PipHarvester!!!

Note to those who doubt, who think negatively about thier ability to be a successful forex trader -- change your stars, it can be done and it is being done with SRDC I, II, and III by normal everday people like you and I. Thanks again to our mentor and master Orange Roshan.

Cheers,
Jeff

If one person believes he can and one person believes he can't -- they are both right. I think Henry Ford said that -- he went bankrupt several times before hitting it big. Press on!
Jeff, thank you very much, and you are absolutely right. I spend every waking moment to study SRDC.
I started with SRDC I for one month, and I did NOT go on until I understood the first version.
As of now, I only concentrate on cable and euro, even so OR introduced us to 2 other monkeys, but to be honest, I would not even have time for any more pairs. I am sure that I will get some loses soon, But I believe that SRDC is at least 80% successful!! One must just LOVE IT!!
Steve
  • #2,200
  • Jan 22, 2007 5:57pm Jan 22, 2007 5:57pm
In the SRDCII threat OR told us that the "SRDC II channel is a filter for SRDC III."
And also reccomended trading the GBP JPY.
Today those reccomendations were worth many pips.................
DO NOS MISS THE INFO COMING IN OTHER SRDC THREATS IT WILL BE WORTH MANY PIPS!!!!!!!!!!

Thanks OR


Paco
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