POWER CRUNCH FX
BUY TRADE CONDITIONS
Pre-setting (BUY SETUP):
1. Setup Pivot Point Auto-Calculator to insert daily resistance and support levels (R3, R2, R1, P, S1, S2, S3)
Where: R3, R2, R1 are the Daily Resistance levels;
S3, S2, S3 are the Support Levels;
And P is the Central Pivot Point.
2. Draw up Fibonacci Retracement/Expansion tool from Pivot Low to Pivot High in an uptrend.
BUY ENTRY RULES:
1. Today’s Central Pivot Point is higher than previous day’s Pivot point.
2. 21EMA and 50SMA are above today’s central pivot point.
3. Price is above 50SMA in uptrend.
4. 3EMA & 6EMA cross above 21EMA.
5. 3EMA, 6EMA, and 21EMA finally cross above 50SMA
6. Bullish candlestick closes above the high of Fibonacci Retracement candlestick.
7. ENTER BUY at the close of bullish candlestick in No. 4 above.
8. Open BUY if price, after rally, pulls back to 50SMA or Central Pivot at Fibonacci Retracements (23.4, 38.2, 50.0, 61.8)
CAUTION: DO NOT TAKE ‘DOJI’ OR ‘SPINNING TOPS’ AS AN ENTRY CANDLE BECAUSE THEY ARE LOW-VOLUME CANDLESTICKS.
NEVER BUY IF 50SMA IS STILL BELOW TODAY’S CENTRAL PIVOT EVEN THOUGH 3EMA & 6EMA HAVE CROSSED ABOVE 21EMA.
SELL TRADE CONDITIONS
Pre-setting (SELL SETUP):
3. Setup Pivot Point Auto-Calculator to insert daily resistance and support levels (R3, R2, R1, P, S1, S2, S3)
Where: R3, R2, R1 are the Daily Resistance levels;
S3, S2, S3 are the Support Levels;
And P is the Central Pivot Point.
4. Draw up Fibonacci Retracement/Expansion tool from ‘Pivot High’ to ‘Pivot Low’ in a downtrend.
SELL ENTRY RULES:
1. Today’s Central Pivot Point is lower than previous day’s Pivot point.
2. 21EMA and 50SMA are below today’s central pivot point.
3. Price is below 50SMA in downtrend.
4. 3EMA & 6EMA cross below 21EMA.
5. 3EMA, 6EMA, and 21EMA finally cross below 50SMA.
6. Bullish candlestick closes below the low of Fibonacci Retracement candlestick.
7. ENTER SELL at the close of bullish candlestick in No. 4 above.
8. Open SELL if price, after decline, rallies back to 50SMA or Central Pivot at Fibonacci Retracements (23.4, 38.2, 50.0, 61.8)
CAUTION: DO NOT TAKE ‘DOJI’ OR ‘SPINNING TOPS’ AS AN ENTRY CANDLE BECAUSE THEY ARE LOW-VOLUME CANDLESTICKS.
NEVER SELL IF 50SMA IS STILL ABOVE TODAY’S CENTRAL PIVOT EVEN THOUGH 3EMA & 6EMA HAVE CROSSED BELOW 21EMA.
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