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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

Trading Retracement Trading System
Retracement Trading Method:
First: Retracement Trading Method with indicator;
Second: Retracement Trading Method with indicators and Reversal Patterns.
Trading Retracement Forex Trading System
compressed file archive 58.8 KB

In the pictures: first: Retracement Trading Method with indicator.

In the pictures: second: Retracement Trading Method with indicators and Reversal Patterns

 Retracement Trading Method with indicators and Reversal Patterns
Retracement Trading Method with indicators and Reversal Patterns
 Retracement Trading Method with indicators and Reversal Patterns
Retracement Trading Method with indicators and Reversal Patterns

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Retracement Forex Strategies