Hi Guys,
SRDC1 is very basic level of trading...and its success is proven. You dun have to wake up at 8 every morning to check actually coz alot of people has programmed the indicator for it. Try it is really that simple.
Infact, i din know why i din realise it in the first place. Its the introduction of SRDC1, which makes me come up with the OHLC system.
Orange Roshan's rules:
1. No one candle is the same as the other.
2. Trade upon penetration of High/Low.
3. Target 5 Pips.
"Read John Carter - Mastering the Trade", he trades the same way too! Great minds think alike.
Its just that. Support Resistance metdology is simply when price cuts the resistance clean, it usually cuts thru and lock ur 5pips, let the rest run.
I have shared the ATMHLC indicator here for SRDC usage.
Its placed in my RSI Channel discussion. The Lines update themselves daily just like my pivots.
About SRDC2, I went to accrete's website to listen to Orange Roshan speak, you can download the wav file at his site by going to
www.accrete.com
His idea on channels are the same as what i had initially thought, its to be used as guides. We are advised to draw trendlines to note 'cutting points' i will discuss this with you guys tonight and how we could integrate this with out pivots. Small pips but positve ones.
Until today, i think OR(Orange Roshan) is still trying his best to pass his message to his trainees but i gues many are still not getting it right yet, including me. I have listened to most of the team speak sessions(find it at accrete's website) but from what i can gather using his channel system and our pivots i have noticed something very interesting for us the 5 min scalpers or rather me, hehe. Problem is, i have forgotten to save a screen shot of yesterdays pivot. guess i have to do it manually haha. See u guys later, i should be in by 9.<br><br>Post edited by: jest1081, at: 2006/12/22 14:32