Hello, friends,
as I can see, there are many folks out there who are hungry to freely discuss the SRDC (Support Resistance on Daily Candle) trading system.
A website which has been recently set up by Orange Roshan and which is dedicated to promoting this system is certainly comprehensive and full of thought-provoking information, but by the same token, it's certainly not open to a free discussion concerning the pros and cons of this system on a liberal tone.
Recently I've been contacted by a couple of kreslik.com members who would like to participate in SRDC discussion here (rather than there), so I am glad to open this theme here right now.
Basic resources
FF SRDC thread:
http://www.forexfactory.com/showthread. ... light=SRDC
ForexSRDC forum:
http://www.forexsrdc.com/ (seems like this site is experiencing outages)
Dave Kolachi's forum discussion on SRDC:
http://kolachitrader.net/phpBB2/viewtopic.php?t=596
(edited 2007/Feb/08: the above forum has been deleted today by Orange)
The Unofficial SRDC Resource Page as listed in the ForexFactory threads (at Accrete's website):
http://www.accrete.com/fx-srdc/
TheRumpledOne has written a similar strategy with the only difference being in using candle top/bottom rather than high/low. You can find TRO's free SRDC indicator here on this site, too:
http://kreslik.com/forums/viewtopic.php?t=444
Please feel free to post any comments, opinions, experiences with the system here.
Michal
SRDC - Support Resistance on Daily Candle
Moderator: moderators
-
michal.kreslik
- rank: 1000+ posts
- Posts: 1048
- Joined: Sat May 13, 2006 2:40 am
- Reputation: 36
- Location: Monte Carlo, Monaco
- Real name: Michal Kreslik
- Gender:
SRDC - Support Resistance on Daily Candle
Last edited by michal.kreslik on Thu Feb 08, 2007 10:03 pm, edited 2 times in total.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
-
TheRumpledOne
- rank: 10000+ posts
- Posts: 15558
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
COMPARE AND CONTRAST
$TRILLION VS. SRDC I
I created the $Trillion Strategy 01/10/2006.
Orange posted his SRDC 10/25/2006.
When I first saw SRDC, I contacted Orange and mentioned how similiar the strategies are. The only difference being the entry level.
We each saw something when we looked at daily charts. I saw that the candle wicks were almost always 10 pips or more. Orange saw that the candles are almost always overlapping. We each saw a way to make profit.
I am NOT saying $Trillion is better than SRDC I. You can decide which one works best for you.
If anything, if you trade $Trillion and the trade is going your way, you can always scale in at the SRDC I entry level and pick up even more pips.
The chart show the potential profit for each entry level.
SRDC traders from other forums should feel free to post here and invite others to join.
$TRILLION VS. SRDC I
I created the $Trillion Strategy 01/10/2006.
Orange posted his SRDC 10/25/2006.
When I first saw SRDC, I contacted Orange and mentioned how similiar the strategies are. The only difference being the entry level.
We each saw something when we looked at daily charts. I saw that the candle wicks were almost always 10 pips or more. Orange saw that the candles are almost always overlapping. We each saw a way to make profit.
I am NOT saying $Trillion is better than SRDC I. You can decide which one works best for you.
If anything, if you trade $Trillion and the trade is going your way, you can always scale in at the SRDC I entry level and pick up even more pips.
The chart show the potential profit for each entry level.
SRDC traders from other forums should feel free to post here and invite others to join.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
-
TheRumpledOne
- rank: 10000+ posts
- Posts: 15558
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
-
TheRumpledOne
- rank: 10000+ posts
- Posts: 15558
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
-
TheRumpledOne
- rank: 10000+ posts
- Posts: 15558
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
-
TheRumpledOne
- rank: 10000+ posts
- Posts: 15558
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
-
eudamonia
- rank: 500+ posts
- Posts: 536
- Joined: Thu Jun 15, 2006 9:50 pm
- Reputation: 0
- Location: Rocklin, CA
- Real name: Edward Heming
- Gender:
- Contact:
Avery,
Yes, but wouldn't you only go long/short if yesterday's high or low was exceeded? These stats only tell you if the high or low of the day was 11 pips greater or less than the high or low of yesterday. Thus I think your statistics would reflect a higher win ratio if you included that filter in your SMAA stats.
Edward
Yes, but wouldn't you only go long/short if yesterday's high or low was exceeded? These stats only tell you if the high or low of the day was 11 pips greater or less than the high or low of yesterday. Thus I think your statistics would reflect a higher win ratio if you included that filter in your SMAA stats.
Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.
-
TheRumpledOne
- rank: 10000+ posts
- Posts: 15558
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3035
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
-
eudamonia
- rank: 500+ posts
- Posts: 536
- Joined: Thu Jun 15, 2006 9:50 pm
- Reputation: 0
- Location: Rocklin, CA
- Real name: Edward Heming
- Gender:
- Contact:
Avery,
I see that, however, what doesn't appear to be factored into the calculation is how often you would exceed the high or low by 1 pip and hence trigger an entry.
So for example if you were to see that the high of the day was exceeded say 60% of the time by 1 pip, and 40% of the time by 11 pips then you would be able to say that of the 150 long entries you would have had 100 winning trades and thus your win ratio with this system would be 67%.
And this is the more pertinant statistic as it will give you one element of the expectancy of the system (the other element being how large would your 50 losing trades have been).
In any event, I'm not being critical of the setup, but rather I think that the statistics you presented may be misleading to the average reader who might read them and say - heck this system only makes 10 pips on the EURUSD about 40% of the time, there's no way I can make money trading that.
I might be misunderstanding something, but this is how how it appears to me without further insight.
Edward
I see that, however, what doesn't appear to be factored into the calculation is how often you would exceed the high or low by 1 pip and hence trigger an entry.
So for example if you were to see that the high of the day was exceeded say 60% of the time by 1 pip, and 40% of the time by 11 pips then you would be able to say that of the 150 long entries you would have had 100 winning trades and thus your win ratio with this system would be 67%.
And this is the more pertinant statistic as it will give you one element of the expectancy of the system (the other element being how large would your 50 losing trades have been).
In any event, I'm not being critical of the setup, but rather I think that the statistics you presented may be misleading to the average reader who might read them and say - heck this system only makes 10 pips on the EURUSD about 40% of the time, there's no way I can make money trading that.
I might be misunderstanding something, but this is how how it appears to me without further insight.
Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.