649# Power Price Action
Heiken Ashi Trading
Submit by Rimmel 11/08/2015
Power Price Action is a forex strategy trend following based on the Heiken Aschi indicators.
Time frame 15 min or higher.
Financial markets: Indicies, Comodities (agricole 4h time frame) and Forex.
Metatrader Indicators:
Fade Background,
Power price action (heiken ashi modified),
Power price action 2 (heiken aschi modified),
NS (trend scanner indicator).
Rules Price Action trading System
Buy
Square below the bar,
Heiken Aschi green below the bar.
Trend scanner blue bar.
Sell
Square above the bar,
Heiken Aschi green above the bar.
Trend scanner red bar.
Exit Position
Exit position when Trend Scanner changes direction.
Place initial stop loss above/below the previous swing.
You can use this strategy also for trading intraday with support and resistance tool:
Fibonacci levels or Pivot Points as point for exit position.
In the picture Power price action in action.
