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Attachments: SRDC Episode I
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SRDC Episode I

  • #1,221
  • Jan 22, 2007 5:25pm Jan 22, 2007 5:25pm
Quoting MrFuture
Update:

I got home from work and found out that GBPUSD gave me 10 pips ! But barely, 'cause high (86) was exactly where my 10 pips TP was.....that was close !!!

EURUSD instead was not able to open any trade.

So, to sum it up:

Since 01/12/2007
Completely AUTOMATIC !!!
10 pips TP on GBPUSD at all times
5 pips TP on EURUSD at all times
30 pips SL on both pairs

GBPUSD: 6/6 Successfull (60 pips= $600.00)
EURUSD: 4/5 Successfull (-10 pips= -$100.00)
AUDUSD: 1/1 Successfull (5 pips = $50.00)

TOTAL TRADES:12
win:11
loss:1
$ 550.00
Future
Nice, congratulations

If my theory is correct that the GBP is range-bound and waiting for GDP and BOE rates minutes to be announced 09.30 GMT on Wednesday, you might struggle to make those 10 pips tomorrow.

Have you been taking every trade available, no matter where the price is sitting or whether news announcements are due?
Full-time trader and loving it!
  • #1,222
  • Edited 5:33pm Jan 22, 2007 5:32pm | Edited 5:33pm
The only thing I don't like about SRDC I (and it's a VERY little thing in comparison to what I DO like) is having to stay up until midnight in GMT land to see the day's high/low ready for next day.....

I wouldn't feel comfortable using an EA for live trading.

If only there was a broker who would let you set orders based on the SRDC I rules.... i.e. Whatever the high of the previous day, please add 1 pip and the spread and make that my buy stop order, automatically put into effect from midnight.

Maybe TraderBill can incorporate into his discussions with a certain broker - I can imagine the response!
Full-time trader and loving it!
  • #1,223
  • Jan 22, 2007 5:37pm Jan 22, 2007 5:37pm
Anyone not going to take the Euro trade? one site has the low hovering around support, and I'm straddling a fibo on my charts(23.6%).
Made money last week, but I'm a little iffy about the fibo. I may still go long if the opportunity comes.

Or does this type of question go up a level to SRDC Episode II?? I'm not sure.
  • #1,224
  • Jan 22, 2007 6:06pm Jan 22, 2007 6:06pm
Hi all,

Just started to read the first few posts for this system.
Great work and i will be starting my journey for learning this great system.
  • #1,225
  • Jan 22, 2007 10:02pm Jan 22, 2007 10:02pm
The answer, my friend:
SRDC is all about breakout plays. read the method, learn the method, practice the method, express love and gratitude to the fine folks on this thread for their quality work, you will make $$!
Today's quality pips:
EUR +5 pips going south.
GBP +5 pips going north.
GBP/JPY +5 pips going north.
Thanks OR.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #1,226
  • Jan 22, 2007 10:16pm Jan 22, 2007 10:16pm
Quoting fxhermit
The answer, my friend:
SRDC is all about breakout plays. read the method, learn the method, practice the method, express love and gratitude to the fine folks on this thread for their quality work, you will make $$!
Today's quality pips:
EUR +5 pips going south.
GBP +5 pips going north.
GBP/JPY +5 pips going north.
Thanks OR.
What time does your daily bar write??? Because according to Interbank's feed, GBP hit a high of 9691 off of previous day's 9685... EUR and AUD are both TBD...
Mr. Trend
  • #1,227
  • Jan 22, 2007 10:19pm Jan 22, 2007 10:19pm
what are you talking about? when you factor in the spread it's just not happening. be honest -show proof
I like what the Master is doing but srdc1 is for boneheads IMHO. his trendlines are ok and newest version episode3 is about boxplays. nothing unique- sorry it's just my opinion


Quoting fxhermit
The answer, my friend:
SRDC is all about breakout plays. read the method, learn the method, practice the method, express love and gratitude to the fine folks on this thread for their quality work, you will make $$!
Today's quality pips:
EUR +5 pips going south.
GBP +5 pips going north.
GBP/JPY +5 pips going north.
Thanks OR.
Trade what you see - Not what you think
  • #1,228
  • Edited 10:50pm Jan 22, 2007 10:29pm | Edited 10:50pm
Greetings Master Orange,

I discovered your amazing strategy the other day and I have since been reading the Episode I thread. Right now I am getting ready to ready my trades for the night and go to sleep. Last night I used the strategy for the first time, but due to an error on my part I lost more pips than I gained. I figured out what the error was, so all will be well tonight.

I have a few questions. I am trying to place my buy limit on GBP/USD right now, however, the price is too close to the line. Do I go ahead and purchase? or wait for the candle to completely penetrate?

On post 20 someone mentioned back testing in visual mode. What is the best way to keep track of trades while using that method to test? Does Meta Trader allow you to make trades on the back tests?

I noticed that you mention Rob Booker in a few posts at the beginning of the thread. Do you or anyone else know how his training is? I found his site and I am considering joining his program. However, I would like to know what you think.

Also, I wanted to formally acknowledge my interest in your system and request admittance as one of your Padawan Learners.

Thank you very much for your time!

-Nathan
  • #1,229
  • Jan 22, 2007 10:30pm Jan 22, 2007 10:30pm
In the GBP example the high yesterday was .87 and the high today was .92 so if you factor in the spread and your 5 pip profit, not to mention the extra pips above the high that Master OR preaches- you have violated the trust of the group and shamed your Master and should recieve a public flogging.
Trade what you see - Not what you think
  • #1,230
  • Jan 22, 2007 10:37pm Jan 22, 2007 10:37pm
Quoting summitfx
Furthermore, last summer i joined a site for $77.00 lifetime membership and below is his strategy- look familiar

dateline june 6 2006
OK let’s now talk about GBPUSD trade. The range times are GMT 00:00 and 08:15. Place lines on chart at the maximum and minimum inside these times. You have now how GBPUSD performed during Asia and Europe open, but the very important the London session is about to open. You make 15 minutes as filter, because sometimes GBPUSD tends to make false break outs. So you never trade until price will reach the line placed on GMT 08:15 time. Also note that Asia range should be less than 71 pips.


check it out fxtrader777.com
Wanna know what Episode II is? It's Hans123 breakout system with a channel filter thrown in.

Ya know, at one time Honda, Nissan, and Toyota were all the same...
Mr. Trend
  • #1,231
  • Jan 22, 2007 11:24pm Jan 22, 2007 11:24pm
Quoting summitfx
In the GBP example the high yesterday was .87 and the high today was .92 so if you factor in the spread and your 5 pip profit, not to mention the extra pips above the high that Master OR preaches- you have violated the trust of the group and shamed your Master and should recieve a public flogging.
To be frank with you Summitfx...

You have violated the trust of your group (you know better which group you belong to, right?) and shamed your Master(Fxtrader777), and should receive a public flogging (for shamelessly promoting someone else's product/services in this thread, without author's consent). It is very rude to say the least.
  • #1,232
  • Jan 22, 2007 11:31pm Jan 22, 2007 11:31pm
Quoting Mr Trend
Wanna know what Episode II is? It's Hans123 breakout system with a channel filter thrown in.

Ya know, at one time Honda, Nissan, and Toyota were all the same...
SRDC2 = Hans123 Breakout system with chennel filter, cuz' Mr. Trend said so. LOL

Yeah right...


Norm
  • #1,233
  • Jan 22, 2007 11:33pm Jan 22, 2007 11:33pm
Quoting nmaqba
SRDC2 = Hans123 Breakout system with chennel filter, cuz' Mr. Trend said so. LOL

Yeah right...


Norm
Hey! There ya go! Now yer gettin' it...
Mr. Trend
  • #1,234
  • Jan 22, 2007 11:36pm Jan 22, 2007 11:36pm
Quoting summitfx
Furthermore, last summer i joined a site for $77.00 lifetime membership and below is his strategy- look familiar

dateline june 6 2006
OK let’s now talk about GBPUSD trade. The range times are GMT 00:00 and 08:15. Place lines on chart at the maximum and minimum inside these times. You have now how GBPUSD performed during Asia and Europe open, but the very important the London session is about to open. You make 15 minutes as filter, because sometimes GBPUSD tends to make false break outs. So you never trade until price will reach the line placed on GMT 08:15 time. Also note that Asia range should be less than 71 pips.


check it out fxtrader777.com
When I sit here, and I explore all the indicators that I don't see mentioned much and look for patterns, and try to learn, I wonder how many times this wheel has been reinvented.

There's tons of Big Ben Strategies. At least I see them posted and not have to reinvent the wheel again myself.

Draw lines for a box, watch for false breakouts. The difference is you have to find a way to improve it and give it an edge over the other box and breakout plays. I don't think I saw it mentioned in episode III, but isn't the target profit usually the width of the box? IE 32 pip range, 32pip T/P traget? Nothing completely original, but if it tests and works, everyone can learn.

Before SRDC III was posted I asked if you can do this for all 3 sessions and see if you can do episode one more than once a day. I don't think he stole that from me either. If it works it works.
  • #1,235
  • Jan 23, 2007 1:13am Jan 23, 2007 1:13am
IMHO, SRDC methods are well structured and are great for traders who are new or not new but like to learn some new perspective systematically. I really learned a lot from it.
Target: Trading naked.
  • #1,236
  • Jan 23, 2007 1:44am Jan 23, 2007 1:44am
Hi Summitfx,

I am with OR on this one. My experience is that his method works. I am not saying it's foolproof, it needs practice practice and practice. SRDC I works if you don't limit TP to 5 pips, and use channel and price action to help to maximize TP. SRDC II works great in trending market. When market is changing to indecision, the performance will rely on trader's discretion and discipline because it 's not so easy to find the right channel, and not so easy to control yourself to trade only the best setup, especially after you had many good trades when trending. SRDC III works great when you take the SMA 84 seriously, and use the channel as filter. And OR haven't disclosed his pipmaker system yet. As he said, he teachs his method from simple to complicate, from basic to advanced.

Many traders (young or very experienced) in TS said that they improved their trading a lot in the past monthes trading SRDC. I haven't heard anyone complaint yet...

aha


Quoting summitfx
The sad truth is that many of these traders appear to be young and most likely will lose all of their money. It's a fact that no one is presenting here. It's being presented as a game and it certainly is not. The statistics don't lie about 95% of retail traders lose. Start an OR forum for X-Box. Please acknowledge that you understand this AHA. You have given of your time as well, my friend
Target: Trading naked.
  • #1,237
  • Jan 23, 2007 1:45am Jan 23, 2007 1:45am
I don't really care. While all of his Jedi's are waiting for the box to close at 8'oclock like you, many of us caught the the break of .92 with a buystop.
Trade what you see - Not what you think
  • #1,238
  • Jan 23, 2007 1:49am Jan 23, 2007 1:49am
Yeah, SRDC I will catch that too.

Quoting summitfx
I don't really care. While all of his Jedi's are waiting for the box to close at 8'oclock like you, many of us caught the the break of .92 with a buystop.
Target: Trading naked.
  • #1,239
  • Jan 23, 2007 1:51am Jan 23, 2007 1:51am
Aha! Shows how much he's read!! SRDC1 had a buystop at 1.9791.
TRADE FOR SWAP
  • #1,240
  • Jan 23, 2007 2:37pm Jan 23, 2007 2:37pm
Quoting summitfx
what are you talking about? when you factor in the spread it's just not happening. be honest -show proof
I like what the Master is doing but srdc1 is for boneheads IMHO. his trendlines are ok and newest version episode3 is about boxplays. nothing unique- sorry it's just my opinion
Summitfx,

Please take your crap attitude and go somewhere else. We don't need you or your opinion here. If this is nothing new to you then you should just move on to some cutting edge techniques like the "paid" subscription area on FF which teaches "price action" trading. Now that's cutting edge trading compared to what we do here in the SRDC.
Dave If you can't swim with the sharks stay out of the water!
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