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Pip Retracement

Pip Retracement: Watch for the retracements.
Time frame :15 mins/ 30 mins /1 hour/ 4 hours / daily chart.
• Place a buy market order as you see a bullish candle moving away from the Simple Moving Average overlaid on the chart. Make sure trend of MA and price is up.
Place a Sell market order as you see a bearish candle moving away from the Simple Moving Average overlaidon the chart. Make sure trend of MA and price is down.
• Use additional indicators like MACD Crossover , RSI and Parabolic Sar for Entry and Exit.
• Set Stoploss atleast 100 -150 pips below or above your entry or 2% of your capital whichever is higher. Put in a 10/ 15 pips trailing stop together with order..
Buy
1)Price should retrace to MA for support
2) MA should go up & Parabolic Should be below price
3) Exit when Parabolic Sar goes above price and there is Macd Crossover at the top .
• Sell
1) Price should retrace to MA encounter resistence
2) MA should go down & Parabolic should be above price
3) Exit when Parabolic Sar goes below price and there is MACD Crossover at the bottom.
See examples
Pip Retracement

Pip Retracement

Pip Retracement

Pip Retracement

Pip Retracement

Pip Retracement

Pip Retracement

Pip Retracement

Pip Retracement
Pip Retracement Reviewed by learn forex trading on May 30, 2017 Rating: 5

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