416# Fibo Pivots Scalping System

Fibo Pivots Scalping

 

Submit by Harry 18/02/2014

 

Fibo Pivots Scalping System is an intraday scalping strategy trend following. It'is based on Fibo Pivots levels.

 

Time Frame 1 min.

Currency pairs: EUR/USD, GBP USD, AUD/USD, USD/CHF, GBP/GPY and Gold.

 

Metatrader Indicators:

Exponential moving average 55 periods (close),

Exponential moving average 200 periods (close),

Arrow

ArrZZx2 Support and resistamce indicator.

 

Rules for Fibo Pivots Scalping System

If the price is above the central Fibo Pivots line only buy

If the price is below the central Fibo Pivots line only sell

 

Long Entry

 

Exponential Moving Average 55 periods (EMA) > Exponential Moving Average 200 periods (EMA) ;

Arrow buy blue color.

ArrZZx2 indicator draws Support.

 

Short Entry

Exponential Moving Average 55 periods (EMA) < Exponential Moving Average 200 periods (EMA) ;

Arrow sell red color.

ArrZZx2 indicator draws resistance.

 

Exit Position options:

  1. At the opposite arrow,

  2. Whit fast profit target,

  3. at the Fibo pivots points levels


 

In the pictures Fibo Pivots scalping system in action.

Fibo Pivots scalping system
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Fibo Pivots Scalping System
Fibo Pivots Scalping System
Fibo Pivots Scalping System
Fibo Pivots Scalping System