Jordan reviews five currency pairs and Litecoin from August 9-13 using SRS Pro methodology, focusing on wave patterns, entry zones, and risk-reward ratios across 15-minute to 4-hour charts. He emphasizes adapting the approach to your own comfort while maintaining disciplined stop-loss placement and clear targets near swing highs and lows.
Chapters
Hello everyone and welcome to another SRS Pro edition here. This is Jordan and today we're going to talk about the previous week which started on the 9th, ended on the 13th, Friday the 13th. And we're basically going to cover some of the interesting examples from the previous week. So if you have any questions regarding, uh, these specific examples or anything else before that, just find us in the groups or via email and we're going to talk to you immediately. Uh, the bottom line here is that you understand why we're doing what we're doing And basically this is our suggestion, right? We're not saying this is the only way to be trading this software or the other softwares or any of the manual trading methods. Um, basically the bottom line is you get the point, you get what we do, how we do it, and why we do it, and then you apply it through your vision and the way you feel comfortable doing it so you make money again, right? Anyhow, let's start and see, uh, are we going to cover all of them or not. But EUR/CAD is the first one, and we are looking at the 15-minute chart. This annoying pop-up. Now what do we have here? We can clearly see that the price is moving down, and it's moving down fast. And we can see that it stopped right here, and from that point on we're kind of stuck inside a range, right? We can look at that as well. Not a completed range yet because we don't have all the conditions. At least for me, all the conditions are not met, but we're kind of stalling and we're looking at zigzag structure. So if this is the place where the price stopped and we are expecting continuation down because we can see everything is extremely bearish, we can be looking at sell opportunities. One such opportunity comes inside this zone. Now this is a vague double wave for some. For me personally, it's not, because I understand the overall picture. The overall picture is that we're in a super fast trend, right? And I cannot expect, uh, if this is the beginning of something, I cannot expect the 4-hour chart to give me that, right? I'm probably going to see the move, this super fast move on the 4-hour or 1-hour charts. This is what I'm trading, and then I'm going to see this kind of move on the higher time frames. In the meantime, while this is happening, right, on the 15-minute chart you're getting something like that, right? We spoke about that many times during the years. So on the 15-minute chart, this is your chance, this is your consolidation. I know it's hard for some people to distinguish when this is going to happen and when that's going to happen, but it comes with practice, guys, right? You need to understand the bigger picture, and once you start understanding enough pieces of the puzzle, you will be making more correct bets on the given strategy than wrong bets. Okay, so this is one of the very, very common things about fast-moving markets. You need to go to the lower time frames. If this is not what you're doing, that's perfectly fine, right? Just don't trade it. Okay, so quick entry, quick exit, as we can see. Unfortunately, a losing one, but this is pretty much the process of thinking, at least for me, when it comes to this one. Next, we have, have Kiwi franc, which is on the 1-hour chart. And here we can clearly see now a bigger, larger wave. This is an ABC structure. What I don't like personally about this is the angle. Basically, the angle, the way it develops, and the way we are breaking, and the place where we are breaking Doesn't give me 1 to 1, 1 to 1 risk reward ratio versus the top one. I compare the stop loss, okay? This is the only part I don't like. Everything else looks perfect. I mean, look at the momentum. Daily chart switching, 4-hour chart already switched, 1-hour chart was in a pullback, now switching up. We are in a bullish trend. Momentum, sentiment, looks good, okay? Definitely looks good. We got the pullback, we came back to the price where we broke the previous time. Only this. And here comes— now this is probably a bit more advanced setup because for me it's super important to have a target, or at least be able to manage closer to the swing high. So if I'm buying here somehow, I want to be managing the position right there. Why? Because usually when the price excuse me, gets to the previous swing high, which is now a natural resistance for the price, it will start doing that most of the times. Okay, you can see where the price, it breaks, it stops, then it starts consolidating and doing things. It's much less frequent to see this kind of situations where the price gives you a pullback after another break, You see breakout pullback, and then you have a breakout and the price never managed to came back here and didn't do that, right? It happens much less frequent. This is why as a rule of the thumb, I prefer my first target to be somewhere around this zone, bit up a bit down. If it's lower, much better, of course, but approximately next to it. Okay. So in such cases, I don't feel very comfortable. And this is the place where having this extra knowledge about waves, for example, or cycles if you're using that, uh, projections using Fibonacci levels, all this comes in play. Because if I know the price is supposed to go and has room to go much, much higher, I will not be feeling stressed about this level. Okay, so that's about this setup and probably the most interesting part about it. Aussie CAD looks like a range a bit, but overall the higher time frames are showing us, uh, what's happening. The thing here is that the waves we're looking at are a bit more volatile. This is again the 15-minute time frame. Again, waves a bit more volatile. Now let's see what happens. So price pushing lower. We are breaking below, giving us a pullback, no break above. And this is where the price is starting to push to the downside again. We can set a double wave like this, right? And then we can see we're breaking. So this is the first candle which broke. Now we have a second candle which ironically— this was a bearish candle which was blue. Then we got the pullback candle which was green pushing up, but in terms of SRS was green. So they kind of flipped the colors here, but the idea is the same. We are breaking the zone. This is a critical level. I would expect for the price to play inside this zone a bit before continuing lower, uh, if the momentum is not that strong. If the momentum is strong, I would expect immediate continuation down. Now looking at the way this price action is developing, I would bet on this case, right? Even though that doesn't really matter as long as the price is holding below the, uh, below the swing here. So yeah, it actually pushed immediately down, so wrong on this part. But as I said, it doesn't matter because it's important that We hold the zone, right? This level, if we're going to be fighting it and breaking it, we want to see the price staying below here. Of course, protection above. We don't want to be exposed to spikes, but this is the critical part where we want to see the price holding. All right, that's about Aussie CAD. Then we have pound Kiwi. Well, pound Kiwi was a step trade. Um, we are clearly in a bullish trend. On the higher time frames is not that clear. 1-hour chart already switched bullish. 4-hour chart was in a down move, but we're trading the 15-minute chart, so we are looking at the combination. And as soon as these conditions fit, we get the signals. So what do we have? We have a break, we have a retest of the previous zone. The previous breakout, right? Then we have this, which was a false break, probably on Friday because we have a gap here. 69, yeah, that was a gap. And then we're going and continuing to the upside. That's pretty much the idea. So step trading, breaking above, and push up. And then we have Litecoin again, 15-minute chart started to push lower. We have the opposite situation, it was bullish, now it's starting to turn bearish. 4-hour chart, first bar. 1-hour chart already switched to the downside, so we got the pullback. This is a pretty decent zone here. Going up, we have a trend line breaking below the trend line, looking for continuation down. Pretty straightforward, uh, nothing crazy about this setup. Of course, we have multiple trend lines that we can be adapting here in terms of the stops. We have this level, we have that level. Overall, I think it looks tradable. All right, so that's all about SRS Pro. I'll see you next week in the next video. Bye for now.
