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Pull Back

The document outlines the steps for determining successful trades using the MACD Histogram indicator. It states that to buy, the MACDH must be positive, there needs to be at least one red candle for a pullback, and then a strong green candle closing above the red candle's high. To sell, the MACDH must be negative, there needs to be at least one green candle for a pullback, and then a strong red candle closing below the green candle's low. Stop losses are also defined.

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347 views3 pages

Pull Back

The document outlines the steps for determining successful trades using the MACD Histogram indicator. It states that to buy, the MACDH must be positive, there needs to be at least one red candle for a pullback, and then a strong green candle closing above the red candle's high. To sell, the MACDH must be negative, there needs to be at least one green candle for a pullback, and then a strong red candle closing below the green candle's low. Stop losses are also defined.

Uploaded by

देवेंद्र विश्राम परब
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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In our Trading System, these 3 points should

be satisfied for any TRADE.

1. FIND THE MAIN TREND


2. WE NEED A PULLBACK
3. WE NEED A STRONG MOVE

We will use MACD HISTOGRAM Indicator for


supporting purpose.

If MACDH is above 0, then we call it as


MACDH +ve (MACDH Positive).

If MACDH is below 0, then we call it ias


MACDH –ve (MACDH Negative).

BUYING

1. MACDH SHD BE +VE (Main Trend)

2. WE NEED ATLEAST ONE RED COLOR


CANDLE (Pull Back)

3. WE NEED ONE GREEN COLOR CANDLE


WHICH CLOSES ABOVE THE PREVIOUS RED
CANDLE'S HIGH (STRONG MOVE)

BUY LEVEL: ABOVE GREEN COLOR


CANDLE'S HIGH
STOPLOSS: LOWEST LOW FROM THE RED
COLOR CANDLE IS THE STOP LOSS
SELLING
1. MACDH SHD BE -VE

2. WE NEED ATLEAST ONE GREEN COLOR


CANDLE (PULL BACK)

3. WE NEED ATLEAST ONE RED COLOR


CANDLE WHICH CLOSES BELOW THE
PREVIOUS GREEN CANDLE'S LOW (LOW
CLOSE)

SELL LEVEL: BELOW RED COLOR CANDLE'S


LOW
STOPLOSS: HIGHEST HIGH FROM THE
GREEN COLOR CANDLE IS THE STOP LOSS

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