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