10.Forex trading strategies: Power Ranger Strategy

Forex trading strategies: Power Ranger Strategy

What is a forex trading strategy – Power Ranger Strategy

Power Ranger Strategy Concept

– Using the common oscillator, the Stochastic to identify the entry for early range trading.

• Time-frame
– H1 and above.
• Currency Pairs

– All currency pairs.

• Indicators for this forex trading strategy

– Stochastic with the following settings:

– %K period = 10

– %D period = 3

– Slowing = 3

– Price field = High/Low

– MA Method = Simple

– Levels 20 and 80

Forex trading strategies: Power Ranger Strategy
CHAR WITH THE INDICATORS

Long Trade Setup for this forex trading strategy

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.

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

Forex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger Strategy

Forex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger Strategy

Short Trade Setup for this forex trading strategy

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

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

Forex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger Strategy

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

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

Forex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger Strategy

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.

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

Forex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger StrategyForex trading strategies: Power Ranger Strategy

Let’s Be Power Rangers!

See more: Forex trading strategies, Managed forex trading, Forex trading books, Forex trading App, best forex trading strategyforex strategymyfxbook, forex trading software.

8 Comments

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