Power Ranger Strategy

Power Ranger Strategy

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.

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

Chart with the Indicators

Stochastic Level 80 %K Overbought %D Level 20 Oversold

Long Trade Set-up

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.

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.

Long Trade Example

Higher High High Uptrend Line Low Higher Low

Below level 20

Above level 20

Resistance @ 1.4487 Support @ 1.4377 Above level 20

Resistance @ 1.4487 Support @ 1.4377 EP = 1.4401

Resistance @ 1.4487 TP = 1.4459 EP = 1.4401 Support @ 1.4377 The range is 110 pips. The 75% mark is 82 pips from 1.4377 at 1.4459.

TP = 1.4459 EP = 1.4401 SL = 1.4343 Take Profit is 58 pips from 1.4401, Stop Loss is also 58 pips from 1.4401 at 1.4343.

TP = 1.4459 EP = 1.4401 SL = 1.4343 Trade hit Take Profit at 1.4459.

Short Trade Set-up

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.

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.

Short Trade Example

High Lower High Downtrend Line Low Lower Low

Above level 80

Below level 80

Resistance @ 0.9783 Below level 80 Support @ 0.9299

Resistance @ 0.9783 EP = 0.9621 Support @ 0.9299

The range is 484 pips. The 75% mark is 363 pips from 0.9783 at 0.9420. Resistance @ 0.9783 EP = 0.9621 TP = 0.9420 Support @ 0.9299

Take Profit is 201 pips from 0.9621. Stop Loss is also 201 pips from 0.9621 at 0.9822. SL = 0.9822 EP = 0.9621 TP = 0.9420

Trade hit Take Profit at 0.9420. SL = 0.9822 EP = 0.9621 TP = 0.9420

The Challenger

Long Trade Set-up

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.

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.

Long Trade Example

Resistance @ 1.4487 Support @ 1.4377 This was the previous Power Ranger Long trade that has hit Take Profit.

Resistance @ 1.4487 Support @ 1.4377 Price goes back to the Support again.

Resistance @ 1.4487 Support @ 1.4377 The range is 110 pips, 10% of the range is 11 pips.

Resistance @ 1.4487 Support @ 1.4377 EP = 1.4388 Enter when price bounced 11 pips above the Support, at 1.4388.

Resistance @ 1.4487 TP = 1.4432 Support @ 1.4377 EP = 1.4388 Take Profit is 50% of the range, which is 55 pips above 1.4377 at 1.4432.

TP = 1.4432 EP = 1.4388 Take Profit is 44 pips from Entry Price.

TP = 1.4432 EP = 1.4388 SL = 1.4344 Stop Loss is also 44 pips below 1.4388 at 1.4344.

TP = 1.4432 EP = 1.4388 SL = 1.4344 The Challenger has triumphed!

Short Trade Set-up

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.

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.

Short Trade Example

This was the previous Power Ranger Short trade that has hit Take Profit. Resistance @ 0.9783 Support @ 0.9299

Price goes back to the Resistance again. Resistance @ 0.9783 Support @ 0.9299

The range is 484 pips, 10% of the range is 48 pips. Resistance @ 0.9783 Support @ 0.9299

Enter when price bounced 48 pips below the Resistance, at 0.9735. Resistance @ 0.9783 EP = 0.9735 Support @ 0.9299

Take Profit is 50% of the range, which is 242 pips below 0.9783 at 0.9541. Resistance @ 0.9783 EP = 0.9735 TP = 0.9541 Support @ 0.9299

Take Profit is 194 pips from Entry Price. EP = 0.9735 TP = 0.9541

Stop Loss is also 194 pips above 0.9735 at 0.9929. SL = 0.9929 EP = 0.9735 TP = 0.9541

The Challenger has triumphed again! SL = 0.9929 EP = 0.9735 TP = 0.9541

Let s Be Power Rangers!