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

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.

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