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
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