It is very useful for regardless day traders swing traders or position traders with suitable period options. The indicator present the relative strength of currency pair at the current moment in a period of time. Currency power indicator is an indicator that shows the power of major currencies against each other.
In my opinion fx power and fx trend are the next level of professional trading tools they give you a clear picture of the market they are a pleasure to use well designed affordable and the most important. This indicator is easy to understand and reliable a multi periods scanner of forex power indicator will be very great add on. So it s not all about me placing my results in here most of the time.
Let me know how you are doing. To those of you who have purchased the redknight power levels i would appreciate some feedback from you guys. Template for you to try is uploaded each monday morning uk time after markets have opened.
Get the power levels. You then become the 5 of successful traders. This is the kind of numbers you can do easily with practise.
Before it reached the next powerzone. It was getting late in the day so i decided to close the trade. A nice trade on the gu today for 96 pips using the power levels.
The tci technical confluences indicator is a tool to locate and point out those price levels where there is a congestion of indicators moving averages fibonacci levels pivot points etc. Go short i would put my stop around 15 pips above the upper line zone. Wait for lower line of the zone to be retested.
We wait for a retrace 3.
Forex power levels indicator. The forex power indicator is designed to help forex traders save time and boost profits by instantly identifying current trends and potential trade opportunities. It identifies the relative strength of the major currencies based on monthly weekly daily 4 hour 1 hour and 15 minute time frames. The difference between power level indi and davit pivot is. Power level s author change from 1 single line into 2 solid line as a range level with distance 5 10 pips for each level.
Power level s author add level 23 as additional level. Fyi davit ignores level 38 as a valid entry not even counted level 23 as good entry. The key levels to watch out for are 23 6 38 2 50 61 8 78 6 127 and 161 8. I highly recommend reading our guide on how to draw fibonacci retracements correctly to better understand and utilize this magical tool.
Here s an example of a key support level on audnzd lining up well with the 50 fibonacci retracement level. Here is an offer for epecially for those with micro accounts who wish to purchase the redknight powerzone levels. You may purchase one powerzone level indicator the one short term i use to generate the levels that i post here each week. That way you do not have to wait each week for me to post and you can generate the levels for any pair for yourself.
1 we wait for a new high piercing the upper power level line. Don t forget to look in the background to see if this level has been tested before. The more it s been tested the weaker it becomes 2.
The more it s been tested the weaker it becomes 2. Don t forget to look in the background to see if this level has been tested before. 1 we wait for a new high piercing the upper power level line.
That way you do not have to wait each week for me to post and you can generate the levels for any pair for yourself. You may purchase one powerzone level indicator the one short term i use to generate the levels that i post here each week. Here is an offer for epecially for those with micro accounts who wish to purchase the redknight powerzone levels.
Here s an example of a key support level on audnzd lining up well with the 50 fibonacci retracement level. I highly recommend reading our guide on how to draw fibonacci retracements correctly to better understand and utilize this magical tool. The key levels to watch out for are 23 6 38 2 50 61 8 78 6 127 and 161 8.
Fyi davit ignores level 38 as a valid entry not even counted level 23 as good entry. Power level s author add level 23 as additional level. Power level s author change from 1 single line into 2 solid line as a range level with distance 5 10 pips for each level.
