13# The TrandSetter, Channel Drawing Filter (15min) Trading System
Submit by janusTrader (write by Orange Roshan)
This part is probably more significant for the the Episode II more than the Episode III.
averages are simply support and resistence. The right period of MA can be a good
trendsetter. There are many that we use, but to keep it simple, we use the 84SMA.
The 84SMA is actually what we use to draw channel. The start and the ending of a
channel is determined by the position of the opening candle (00:00GMT) to the 84SMA.
A trade can be initiated using this trendsetter. You might lose some good trade, but you
will find out, you will ultimatelly filter many BAD trades. Use your discreation and the
channel to decide the direction of your trade.
Channel is drawn from the last trend to the current trend. Always include the last trend
unless the trend continues more than 3 days.
In the picture theTRendSetter, Channel Drawin Filter (15min) forex system in action.
Can you enter a trade on both directions?
Yes, sure you can. But the box better be at the median of the channel. A more bias to the
direction of the trendsetter will be use to take more profit.
Trading the news? From my experience, when im in a trade, I always move my SL to
breakeven 1min before the announcement. But, when you are not in a trade, just
remember this, “THE CHANNEL IS STRONGER THAN NEWS”.
Well, the 1 million dollar question. Where is the best stoploss?
There are 3 ways to set your SL.
The box size. This will cover any whipsaw but when box gets to big, it may even scare
my neighbour’s Lion.
This is GBPUSD right? So, 50pips should be safe.
The 84SMA in 15mins or 21SMA in 1hr chart.
There are many other ways that we use to trade this Episode. But, I think the above
explaination will be enough for now. I hope this will enhanced your other SRDC trades.
//**Should any skeptics think unhighly of this Episode or the whole of SRDC methods
taught here, I suggest you save you opinion somewhere else. Take your Negativity and
pour it out to your spouse. Don’t do it in this thread because we are not interested in your
stupid opinion based on your demo and small live account with experience younger than
my 14 year old eldest child!!
I say this early as I hate Negativity 100%. Im teaching and sharing here for FREE. Im not
on trial here, YOU ARE!! So, drop your ego and start learning while im still doing it
Liabilities? You click that trade yourself, so liabilities are up to you, not me, and its not
even your mother in Law’s fault.
Other than that. I look forward to your success and happiness in Forex trading using the
Love You Guys/Gals!!
Share your opinion, can help everyone to understand the forex strategy.
15 min Forex Strategies