147# Trading Retracement Forex Trading System
Retracement Trading Method
Submit by MJ 03/09/2013
This retracement Trading Method is based on Moving average, RSI , MACD more candlestick reversal.
Watch for the retracements
• Time frame : /1 hour/ 4 hours / daily
chart. Best Time Frame forom hi or higer.
The Strategy is formed by two leveles to learning:
first ( with only indicators);
two (indicators with reversal patterns).
First: Retracement Trading Method with indicator.
Forex indicators:
Simple moving average 21;
RSI Incicator (14 , period);
MACD (12, 26, 9);
Parabolic Sar (02- 0.02).
• 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 overlaid
on the chart. Make sure trend of MA and price is down.
• Use additional indicators like MACD Crossover , RSI,
Parabolic Sar and ADX for Entry and Exit.
•Daily time Frame Setting Stoploss atleast 100 -150 pips below or above your
entry or 2% of your capital whichever is higher. Put in a
30/ 40 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.
Second: Retracement Trading Method with indicators and Reversal Patterns
Forex indicators:
Channel Simple moving average 21 (SMA low and SMA high price);
RSI Incicator (14 , period);
MACD (12, 26, 9);
CPI Setting only reversal patterns;
Spike reversal pattern indicator MT4.
Buy
1)Price should retrace to Channel MA for support;
2) On the chart paints reversal patterns.
3) MA should go up e Stochastic indicator crosses upward .
4) Exit when Parabolic Sar goes above price and
there is Macd Crossover at the top (optional) .
• Sell
1)Price should retrace to Channel MA for support;
2) On the chart paints reversal patterns;
3) MA should go down e Stochastic indicator crosses downward;
4) Exit when Parabolic Sar goes above price and
there is Macd Crossover at the top (optional) .
Trading Retracement Trading System
First: Retracement Trading Method with indicator;
Second: Retracement Trading Method with indicators and Reversal Patterns.
In the pictures: first: Retracement Trading Method with indicator.
In the pictures: second: Retracement Trading Method with indicators and Reversal Patterns
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