Forex | FX Operator | Currency Trading

This is a compilation of SRDC Episode II. I'm posting on behalf for those who are interested in his method.

There is no documentation for this method, as this is just an extension.

Level 2

There are two parts inside this level, I will post part 1 first, the second part will be posted later later later… after familiarisation of the part 1.

As you may know, entry is upon penetration of S&R. The reason behind it is simply to understand one of the basics of Trader's Sentiment.

In Part 1 of Level 2 the entry is far early than this and S&R are actually T2 or Take Profit 2.

The biggest challenge in SRDC method is to know the trend short-term and long-term. This will be verified using MA CCI and Channel Trading.

This method can harvest 50pips to 100pips easily, on a daily basis. But, unfortunatelly, this time Grandmothers cant trade as it is gone beyond simple.

Indicators:

FX Sniper's Ergodic CCI & Trigger
settings:

2
10
1
2
______
SHI Channel
D1 (daily chart)

BASIC ENTRY RULE:

- Put entry following the trend shown by CCI

EXIT RULES:

- Take profit will be divided into 3. T1, T2 and T3
- T1 can be any desired pips
- T2 can be either S&R of the previous candle
- T3 Can be anything after that. Please be cautious as this carry minimal lots, say 10% of the original lot size

How to spot the TREND

CCI - Blue on top of Red will mean BULLISH Trend and Red on top of Blue will mean Bearish Trend.

SHI Channel

Enable the period saperator. This will draw vertical dotted line outlining a period of 1 month. There will be 3 lines. The TOP, Median and Bottom. The candles behaviour are very predictable. Spot the pattern.

The candles will move from MEDIAN, (TOP or BOTTOM), MEDIAN, (TOP or BOTTOM), MEDIAN and so on.

Based on this behavious, a Jedi can assume where your mother in law will be tomorrow. Opps sorry I mean the candle.

Say, the Candle is hitting the TOP trend line, theres a big possibility it will move down to the MEDIAN. When the candle is at the MEDIAN, theres a possibility it will move either back to the top or go all the way to the bottom and so on…… Practice and know your pair. This will filter the CCI and it help with your decision on the trend.

STOP LOSS

A safe SL will be 50 - 60 pips on the GBPUSD. However, this can change depending on your Trading experience.

The Morphing SHI Channel is not really a major problem when it is drawn on the Daily Chart.

The Daily candle is current at the Median. Its Decision time for a trend to continue or not. The best way for this is to look at the 1Hr chart. There you will see the the 1Hour candle just below the Median.

Lets wait for it for the next candle to form:

-When it form under the Median, its a sign that its bearish
-When it formed over the median, its a sign that it will bullish (some guts)
-When it formed and touch at the Median, wait, its still indecision. Best make coffee or go do your backtesting.
-When the imperial Army is near the Asteriod belt, pinch yourself twice or slap you face 3 times. Chances are you are dreaming because, the Imperial army was never shown near any Asteroid belt in any of the Episodes.

The BLUE CHANNEL is a new channel drawn after a few months on Daily chart. But, the old position of the BLUE CHANNEL is the BALCK DOTTED LINE.

How the Black Channel is drawn
I will draw the Equidistanst based on the lows (left to right), then the parallel top line will follow automatically. Then draw the Median.

Look at the Rectangle
The Black Bearish candle, 19th APR is on the edge of the Lower Channel line. Below The Black Candle, the CCi shows a Bearish Trend.

So, I waited to see where the the 20th candle is moving. I check my 1HR and its going towards Median after a dip.

-As the CCi cross and confirm a trend change (Blue top of Red)
-As the H1 Channel shows the same and confirming a bounce from the Low Channel.
-I Enter long and assign

T1 = Yesterday's Open (70%)
T2 = Yesterday's High (20%)
T3 = The Median of Daily Channel (10%)

Moving my SL to Breakeven on the 1st entry point, not Takeprofits as it might trigger early exit.

This is a total of almost 200pips. It could have done the 230pips, but give away 30pips for CCI confirmation.

Many Asked me How i can do 300-500pips a day, consistently? This is one of the methods im using. Its not rocket science, but we learn to read what the big boys are thinking, and we anticipate their move!

Learn it, and soon you will find out, its no big deal.

Im Serious….. not like spock but more like data.

OrangeRoshan

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