SRDC Episode II

Hi everyone!!

This is the extension of SRDC method Level 1 from the beginner's forum. When you are not familiar with this method, please click on this link:

http://www.forexfactory.com/forexfor...804#post144804

When you have been following this method, then rock on!!

THREAD RULES:

1) Newbie question regarding this method should be directed to the SRDC level 1 thread at the beginner's forum

2) Charts posted must be using candles only and good contrast background, meaning no black background please (it is sucking my laser toner dry!)

3) I will not tolerate NEGATIVITY in this thread. Any big critism regarding this method i suggest you DONT follow this method at all, or post a new thread with your own critism in anyway you like.

4) Constructive critism on a positive trend is most certaily my friend.

5) Please be humourous 100%. Im a Sc-Fi freak. When you dont know STAR WARS or STAR TREK or BSG or ....., please watch the movies or simply stay in the deepest jungle of Borneo alone, that way, you will learn from Chubaka himself about all the characters we will be mentioning.

6) I forgot! Sorry....

Head Jedi is back and I for one look forward to many Jedi Pip techniques...

Alex

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.

Other pairs, Ask Darth Vader!!

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.

Good stuff, I'm away testing this now and I'll be back with some charts in due course.

May the pips be with you brother

Alex

OrangeRoshan,

Your are doing a great job with this and putting a lot of effort in. Well done mate. I had a look at your thread and was curious how you were trading a strategy on Daily H/L. I have been working on a similar system with good results.

I look forward to everyones input to improving a system like this.

I have posted some charts based on data going bake to Jan regarding new highs and lows. The data is based on breakthrough of Daily Range and 3 profit levels. As this is a new High and Low strategy there are some descretions in trades but I have posted just to give an overview that a strategy like this can be profitable.

Cheers

Orange, looks great. I have been following the original SRDC and this just looks to improve the results. LET THE FORCE BE WITH YOU!!

Good work on extending the system.

Hi folks

I just enrolled with the form couple of days back. You guys are doing a great job, I learn from your threads. I was wondering if you guys can help me with this. Currently my brokers spread in GBP/USD( 5) & EUR/USD( 3) USD/JPY( 4), I am with FXCM. Could you advice me of a broker with good execution, better spread and good for news treading ………..

Thanking you all in advance for your assistance

<o> </o>

Banda

yeah...

my granny doesn't know this..YOU BET!

guess my mother in law will not coming to my house tomorrow huh (refering to bearish since it hasn't touches the top SHI channel)

tho on h1 chart...i see dark vadar is coming (shi touches Bottom channel)

to the council of the universe...

is this " - T2 can be either S&R of the previous candle" refers to the high/low of the previous 'light saber' ?



thx u sedare...

{image deleted - please repost 600x600 max}

Hello Orange Roshan
Thank you for a great system. I have already started testing.I know
it is going to work as all your methods do.
I am still using your Tiga Abdol (1st version) with Sidus 1H.
Thanks again
Senbanda

Actually this is a point where the price has broken the original SHI channel. As you probably know, SHI channel continously repaints itself and if the price touches one of the trendlines then it is marked with this little red dot.

Gentlefolk, please post charts at 600x600 (if you don't know how to do this - in mt4 click 'file', then 'save as picture', change the resolution box to '600x600', pick a location and file name, then save, very simple).

My mouse is wearing out from scrolling back and forth to read the posts

thank you...

Please don't attach chart with black background because printers are really tired to print all that black color

Thx !

Orange, I'm pretty good about following along, but I am not following this:

"Enable the period saperator. This will draw vertical dotted line outlining a period of 1 month" - what does this mean and how do you do it because I am not getting a vertical line..?

Maybe the above will help with this next question... when I change to 1hr timeframe the channel stays like the daily, is this the way it is supposed to be or should it redraw the lines for the 1 hour?
Thanks.

Press F8- common tab- check show period separator and you will see the vertical dotted lines

dangit chart properties... I thought for some reason it was an option on the indicator. Thanks.

Jedi Roshan,

May i know the currency pairs that u have traded with this SRDC 2 method ?

Dear Jedi Compro99,

I would recommend only the same 3 pairs at the moment. It works with any pair, but with SL and TP. It boils down to knowing the pair again. Stick to your fav pair or pair that gives u better result.

May the Pips be with you always