Hello Everybody !!!
I want to talk about this particular system, I been using it for a while, and after I moved to a different systems, but once all I back to good old system.
This program has distinct names such as Power Band, E-75, but the idia of this system coming from Steve Nison. In dvds and his books you can find that Candlestick patterns appears on support and resistance levels, confirming S/R. He offers to use candles with western technologies, for example Bollinger Bands and oscillators, in our situation.
I'm using M15 time frame for trading, you can use increased time frame, however I wouldn#8217;t go lower.
For set up I'm using:
- Bollinger Band standard (period 20, shift 0, deviations 2, employ to shut)
- Stochastic (9,3,3)
- Resistance and Support levels
- Candlestick patterns
- EMA 100, 200, 365 (Moving average Exponential use to shut)

The main point is that we want affirmation for candlestick pattern. This affirmation is Bands, stoch and S/R. We are searching for patterns such as also, piercing, dark cloud cover, celebrities, hummer and engulfing doji. Doji isn't a reversal candle, doji signifies that market is neutral.
What we're searching for is that candlestick pattern have to be on higher or lower bollinger band, price must cross or touch group, there have to be S/R degree, EMA could be support or resistance, and stochastic is overbought, oversold, or in some instances there is divergence, ordinary not concealed.


Currencies which I am using is 3 amigos EUR/USD, GBP/USD, AUD/USD, this currencies moving pretty much in the same direction, particularly when there is a strong move on the dollar.We are choosing just one pair that gives us better set up. I favor AUD, throughout Europe GBP, throughout Usa Euro. But we're looking for best.



Placing order after candle is shut. We are plasing 2 or 3 lots.


Stop Loss have to be above the candle or pattern, I don#8217;t have precise amount on prevent loss, I'm putting stop loss 15-25 pips out of initial position above candle or above resistance, reverse for buy. Power group system oferring 10% above canle, E-75 3-5 pips above.


Goal is middle of bollinger group and reduced degree of bollinger band, this for sale, buy is reverse. As we have 2 or 3 lots. One lot should be closed onto bollinger band's Middle, and prevent loss should be moved to brake even. In some cases there is service level before Middle degree, I'll shut one lot and proceed prevent loss to break in case market will be ceased on that support. Secondly lot should be closed on lower bollinger band, if market is in trend I will leave lot open to take profit.


This program works great in ranging market, in trending market you need to await retracement.


When you see powerful move on the market don#8217;t even try to ch top or bottom, wait until market stops.

About trading hours, I'm starting at 6pm EST, and usually I am out by 10 am EST, if there is significant news on USA, I'll shut all positions by 7'm EST..

Support and resistance levels, I am going from Weekly to H4 charts to find S/R and putting on the chart. Lower time period as M15 and H1 R/S I'm putting on my charts, but when it's broken I'm removing it from the chart

Risk benefit is very important. Whenever the trade are opening, you should look for the targets, first is next low or high of bollinger band, and bollinger group. Your risk reward when you're opening trade should be not less, and not less to bollinger band's middle then 2:1 about the bollinger band.


I will give some examples and set charts daily. I'm full time trader, and I watching market all the time, so I will place charts on my trading day's conclusion.
You can apply to this system other methods that you're familiar with, such as fibo levels, harmonic patterns along with additional



I'll upload stochastic, which will be showing divergence with awake, concealed and normal, we'll be looking just on the standard.
https://www.forexforum.co.za/attachm...1520944752.ex4
https://www.forexforum.co.za/attachm...1993126197.mq4