BULL PIPS SYSTEM
Summary:
Trade Entry Points
Buy Signals
- Price Position: Ensure the price is above the moving averages.
- CCI Indicator: Look for 3 or 4 blue boxes on the CCI indicator (avoid 1 or 2 boxes).
- Retracement Finder (RF): Confirm an RF switch on the Retracement Finder indicator during the same candle as the CCI confirmation. This is signalled by an upward red bar.
- Entry Timing: Enter the trade at the close of the setup bar.
Sell Signals
- Price Position: Ensure the price is below the moving averages.
- CCI Indicator: Look for 3 or 4 red boxes on the CCI indicator (avoid 1 or 2 boxes).
- Retracement Finder (RF): Confirm an RF switch on the Retracement Finder indicator during the same candle as the CCI confirmation. This is signalled by a downward red bar.
- Entry Timing: Enter the trade at the close of the setup bar.
Note: An RF switch occurs when the Retracement Finder histogram bar changes from positive to negative or vice versa, as highlighted in the image below. The circled bars indicate RF switches.
Re-Entry Trades
Re-enter the market to capitalize on additional opportunities within the same trend direction:
Down-Trend Re-Entry
- CCI Indicator: From the initial entry, 3 or 4 red boxes turn to 1, 2, or 3 blue boxes, then revert back to 3 or 4 red boxes.
- RF Confirmation: An RF switch occurs on the same bar confirming the re-entry signal.
Up-Trend Re-Entry
- CCI Indicator: From the initial entry, 3 or 4 blue boxes turn to 1, 2, or 3 red boxes, then revert back to 3 or 4 blue boxes.
- RF Confirmation: An RF switch occurs on the same bar confirming the re-entry signal.
By following these rules, you can effectively identify optimal trade entry points and re-entry opportunities, maximizing your potential for profitable trades.