SCALPING WITH PARABOLIC SAR AND FIBONACCI

Тема в разделе "Trading Strategies", создана пользователем admin, 15 фев 2024.

  1. admin

    admin Administrator Команда форума

    SCALPING WITH PARABOLIC SAR AND FIBONACCI

    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

    Screenshot_1.jpg

    IMPLE 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