Forex RSI Power Price Action Trading System

An easy simple “Forex RSI Power Price Action Trading System” –  RSI (Relative Strength Index) is counted among trading’s most popular indicators. This is for good reason because as a member of the oscillator family, RSI can help us determine the trend, time entries, and more.

Forex RSI Power Price Action Trading System is a Trend-momentum Trading System.

• Time Frame: 30 Minutes or higher
• Recommended Currency Pairs: EURUSD, GBPUSD, AUDUSD, …and all major pairs

 

• RSI (8 periods)
• Power Price Action
• PBF Fast 3MA
• Tenkan-Sen Ichimoku
• Signal Trend

 

• RSI (8) upward above the level 60
• Power Price Action aqua candle
• Price above Tenkan-Sen Ichimoku
• PBF Fast 3MA line upward (AQUA line above blue line)
• Signal Trend green bars

 

• RSI (8) downward below the level 40
• Power Price Action red candle
• Price below Tenkan-Sen Ichimoku
• PBF Fast 3MA line downward (AQUA line below blue line)
• Signal Trend red bars

 

• The initial stop loss above or below the Power Price Action candle
• Trading too aggressively is perhaps the biggest mistake new traders make
• Use a demo account or a small live account first to practice this trading system