13# Scalping with Parabolic SAR and Fibonacci

Fibnacci Retracement

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Apply 2 Parabolic SAR to a 1 min EUR/USD chart.

1st ones settings = 0.02 & 0.2

2nd ones settings = 0.005 & 0.05

I only trade EUR/USD since I get a 1.5 pip spread at .

I only trade from 4amEST-6amEST.

I only trade in the direction of the 0.005 & 0.05 PSAR.

 

LONG

When price breaks up through the 0.02 & 0.2 PSAR you draw a Fibonacci retracement

from the closest last significant low (before pirce broke PSAR)

to the high of the bar that broke the PSAR.

This gives you your PROFIT TARGET at 161.8% Level

and your ENTRY ar 50% level

STOP = Last Signifcant low -2 Pips

SHORT

When price breaks down through the 0.02 & 0.2 PSAR you draw a Fibonacci retracement

from the closest last significant high (before pirce broke PSAR)

to the low of the bar that broke the PSAR.

This gives you your PROFIT TARGET at 161.8% Level

and your ENTRY ar 50% level

STOP = Last Signifcant high +2 Pips

 

Scalping with Parabolic SAR and Fibonacci
Scalping with Parabolic SAR and Fibonacci

SIMPLE MM VARIATION.

LONG

When price breaks up through the 0.02 & 0.2 PSAR you draw a Fibonacci retracement

from the last significant low (before pirce broke PSAR)

to the high of the bar that broke the PSAR.

This gives you your ENTRY @ 50%.

PROFIT TARGET = +9 Pips

STOP = -8 Pips

SHORT

When price breaks down through the 0.02 & 0.2 PSAR you draw a Fibonacci retracement

from the last significant high (before pirce broke PSAR)

to the low of the bar that broke the PSAR.

This gives you your ENTRY @ 50%.

PROFIT TARGET = +9 Pips

STOP = -8 Pips

 

 

Share your opinion, can help everyone to understand the forex strategy.

 

Write a comment

Comments: 3
  • #1

    sAI (Saturday, 25 August 2012 09:12)

    It is very interesting. Could you please upload indicators used and template for use. Thanks in advnce

  • #2

    Vivek Gandhi (Wednesday, 18 December 2013 14:17)

    I use this strategy, but I also use some variation, I trail the sl to one previous fibb level once the trade starts making profit and exit at the point where the price intersact the parabolic sar or fibb level, which ever comes first

  • #3

    mary (Thursday, 06 February 2014 13:45)

    thanks

Fibonacci Forex Strategies