Nasdaq100 Power Indicator

Always before placing order follow this steps.

Step 1

Check if all three time frames have same signal

Step 2

If the signal is strong buy make sure the price is at the BOTTOM.
If the signal is strong sell make sure the price is at the TOP.

Step 3

Use Stop loss at all times

Note: price needs to be at the BOTTOM for all three time frames if signal is Strong BUY

And price needs to be at the TOP for all three time frames if signal is Strong SELL

1. BUILT-IN SIGNAL PROVIDER ACROSS ALL TIME FRAMES WITH ALERTS & PUSH NOTIFICATION TO YOUR ANDROID & IOS DEVICE 

2.BUY/SELL POINT INDICATION BY AUTOMATED ARROWS.

3.AUTOMATED SUPPORT AND RESISTANCE WITH CAPABILITIES OF PAINTING TECHNICAL PATTERNS USING CLOSING AND OPENING PRICE.

4.LABELED LEVELS FOR ENTRY AND EXIT OF A TRADE WITH TAKE PROFIT LEVELS FROM 1-4.

5.ACCOUNT DASHBOARD WITH HIGHEST PRICE AND LOWEST PRICE OF THE DAY FOR RANGING MARKERTS.

6.PRICE MOMENTUM STATE FOR SCALPING.

Note: This applies to scalping too.

STEPS:

1.SIGNAL- Before any setups we need to know what the signal tells us. firstly a signal found in 1HR chart describes trend of the day

                 if we have the following conditions(i) If the signal on 1HR chart says STRONG BUY it means that for the rest of the day we are looking for                                                                                    upward trend so when we enter a trade we enter considering only 1 direction which is UP.

                                                                         (ii) If the signal on 1HR chart says BUY it means that for the rest of the day we are looking for upward                                                                                    trend BUT you need not to be aggressive as this indicates a possible SELL signal/Downward trend.

                                                                         (iii) If the signal on 1HR chart says STRONG SELL it means that for the rest of the day we are looking for                                                                                   downward trend so when we enter a trade we enter considering only 1 direction which is DOWN.

                                                                         (iv)   If the signal on 1HR chart says SELL it means that for the rest of the day we are looking  for                                                                                               downward  trend BUT you need not to be aggressive as this indicates a possible BUY                                                                                                           signal/Upward trend.

2.ENTRY OF A TRADE- After concluding what the trend is of the day you need to know where to enter a trade. Before you enter a trade the following conditions must be met. Conditions being(i) You need to use 15min Chart time-frame of which if a trend is a Upward trend form STEP 1 then we only                                                                            enter the market going up and if a trend is Downward trend from STEP 1 then we only enter going down.

                                                                   (ii) You make use of automated arrows that will indicate a buy or sell at the price it automatically                                                                                            determined Green-BUY, Red-SELL.

                                                                   (iii) Also you can make use of labeled levels to enter a trade in the direction you determined in STEP 1.

3.EXIT OF A TRADE- After entering a trade we must know where we exit and the following conditions must be met for exiting a trade.

                                 Conditions being(i) You can place your take profit to the nearest level i.e if you sold place Take profit to the nearest level                                                                              going down and vice versa if you bought.

                                                            (iii) You can make use of labeled TP(Take profit) levels and place your Take profit on the price those determined                                                                     for you. 

4. PLACING STOP-LOSS- This part is entirely dependent on a trader and their risk management but for convenience the author advises that you put your stop loss 20 pips below a labeled level if you entered market in  upward direction and vice versa if you entered market in downward direction.