Forex trading strategies 10: Power Ranger Strategy

• Power Ranger 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.• 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 CHAR WITH THE INDICATORS • Long Trade Set-up1. Draw an uptrend line based on a...

Read More

Forex strategy 9: Fifth element strategy

FIFTH ELEMENT STRATYGY “I am using a wonderful strategy, but I have to constantly monitor the market in order not to miss a trade.” “Ah! I missed a trade again.” “According to my strategy, it looks like there may be a trade setup soon, but I have a movie date in the next hour. What should I do?”Do these scenarios sound familiar to you?Wouldn’t it be nice to have a strategy that actually prompts you when momentum of the market has switched to a...

Read More

Forex trading strategy 8. Trend bouncer strategy

STRATEGY 8: TREND BOUNCER STRATEGY The trigger of a trend can be anything from a political decision, to a central bank policy announcement, to the discovery of new resources, to a myriad of other possibilities. Trends move like waves in that they ebb and flow.In an uptrend, you will find that, at a certain point in time, prices will pull back or retrace before continuing with the upward movement. Similarly for a downtrend, prices will...

Read More