• Power Ranger Strategy Concept
– Using the common oscillator, the Stochastic to identifyentry for early range trading.
• Time-frame
– H1 and above.
• Currency Pairs
– All currency pairs.
• Indicators
– Stochastic with the followingsettings :
– %K period = 10
– %D period = 3
– Slowing = 3
– Price field = High/Low
– MA Method = Simple
– Levels 20 and 80
– Using the common oscillator, the Stochastic to identify
• Time-frame
– H1 and above.
• Currency Pairs
– All currency pairs.
• Indicators
– Stochastic with the following
– %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-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.
4. Enter when both the %K and %D is above 20 (%K is above %D).
5. Take Profit is between 50% to 75% oftherange .
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.
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
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
Short Trade Set-up1. 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
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 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.
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 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.
Let’s Be Power Rangers!
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To successfully trade the Forex market you will need a Forex trading strategy that is flexible, effective, and easy to understand and implement.
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