I have installed CDH4. I do not see any replication button in services > hdfs1. Because of this I am ot able to proceed with replication.
I am using Cloudera Standard
Version: Cloudera Standard 4.8.1 (#74 built by jenkins on 20140130-0818 git: b86b260a322d131e5ff7e3aa62cb3b996f12198c)
Server Time: Mar 10, 2014 6:23:02 PM, Coordinated Universal Time (UTC)
According to documentation
Once you have a peer relationship set up with a Cloudera Manager server, you can configure replication of your HDFS data.
But I do not find Replication tab
As you mentioned you are using the Standard Edition. What you are using is a part of BDR which is separately licensed. You will need a BDR license to use the replication features.