Power Ranger Strategy

Transcription

1 Power Ranger Strategy

2 Power Ranger Strategy Strategy Concept Using the common oscillator, the Stochastic to identify entry for early range trading. Time-frame H1 and above. Currency Pairs All currency pairs.

3 Power Ranger Strategy Indicators Stochastic with the following settings : %K period = 10 %D period = 3 Slowing = 3 Price field = High/Low MA Method = Simple Levels 20 and 80

4 Chart with the Indicators

5 Stochastic Level 80 %K Overbought %D Level 20 Oversold

6 Long Trade Set-up

7 Power Ranger Strategy Long Trade Set-up 1. Draw an uptrend line based on a series of Higher Highs and Higher Lows. 2. On the Stochastic, look for %K and %D to go below level 20 (Oversold). 3. Determine the Support and Resistance of the range.

8 Power Ranger Strategy Long Trade Set-up 4. Enter when both the %K and %D is above 20 (%K is above %D). 5. Take Profit is between 50% to 75% of the range. 6. Stop Loss is at 1:1 risk-to-reward ratio and lower than the Support. If Take Profit is 50 pips, Stop Loss will be 50 pips.

9 Long Trade Example

10 Higher High High Uptrend Line Low Higher Low

11 Below level 20

12 Above level 20

13 Above level 20

14 EP =

15 TP = EP = The range is 110 pips. The 75% mark is 82 pips from at

16 TP = EP = SL = Take Profit is 58 pips from , Stop Loss is also 58 pips from at

17 TP = EP = SL = Trade hit Take Profit at

18 Short Trade Set-up

19 Power Ranger Strategy Short Trade Set-up 1. Draw a downtrend line based on a series of Lower Highs and Lower Lows. 2. On the Stochastic, look for %K and %D to go above level 80 (Overbought). 3. Determine the Support and Resistance of the range.

20 Power Ranger Strategy Short Trade Set-up 4. Enter when both the %K and %D is below 80 (%K is below %D). 5. Take Profit is between 50% to 75% of the range. 6. Stop Loss is at 1:1 risk-to-reward ratio and higher than the Resistance. If Take Profit is 50 pips, Stop Loss will be 50 pips.

21 Short Trade Example

22 High Lower High Downtrend Line Low Lower Low

23 Above level 80

24 Below level 80

25 Below level

26 EP =

27 The range is 484 pips. The 75% mark is 363 pips from at EP = TP =

28 Take Profit is 201 pips from Stop Loss is also 201 pips from at SL = EP = TP =

29 Trade hit Take Profit at SL = EP = TP =

30 The Challenger

31 Long Trade Set-up

32 The Challenger Long Trade Set-up 1. After the Power Ranger Long trade hits Take Profit and the price goes back to the Support again. 2. Enter after price bounces above 10% of the range. 3. Take Profit is 50% of the range.

33 The Challenger Long Trade Set-up 4. Stop Loss is at 1:1 risk-to-reward ratio and lower than the Support. If Take Profit is 70 pips, Stop Loss will be 70 pips.

34 Long Trade Example

35 This was the previous Power Ranger Long trade that has hit Take Profit.

36 Price goes back to the Support again.

37 The range is 110 pips, 10% of the range is 11 pips.

38 EP = Enter when price bounced 11 pips above the Support, at

39 TP = EP = Take Profit is 50% of the range, which is 55 pips above at

40 TP = EP = Take Profit is 44 pips from Entry Price.

41 TP = EP = SL = Stop Loss is also 44 pips below at

42 TP = EP = SL = The Challenger has triumphed!

43 Short Trade Set-up

44 The Challenger Short Trade Set-up 1. After the Power Ranger Short trade hits Take Profit and the price goes back to the Resistance again. 2. Enter after price bounces below 10% of the range. 3. Take Profit is 50% of the range.

45 The Challenger Short Trade Set-up 4. Stop Loss is at 1:1 risk-to-reward ratio and higher than the Resistance. If Take Profit is 70 pips, Stop Loss will be 70 pips.

46 Short Trade Example

47 This was the previous Power Ranger Short trade that has hit Take Profit

48 Price goes back to the Resistance again

49 The range is 484 pips, 10% of the range is 48 pips

50 Enter when price bounced 48 pips below the Resistance, at EP =

51 Take Profit is 50% of the range, which is 242 pips below at EP = TP =

52 Take Profit is 194 pips from Entry Price. EP = TP =

53 Stop Loss is also 194 pips above at SL = EP = TP =

54 The Challenger has triumphed again! SL = EP = TP =

55 Let s Be Power Rangers!