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

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

Comments: 11

#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
#4
lokas (Saturday, 17 September 2016 04:03)

good,thanks
#5
RudyRudy (Saturday, 08 December 2018 05:01)

can send to me indicator and template to email : signal.forex78@gmail.com
thanks
#6
James (Sunday, 15 September 2019 07:18)

Thanks for the info
#7
Roberto Gonzalez (Monday, 23 March 2020 01:39)

please send me the13# Scalping with Parabolic SAR and Fibonacci, Thanks rgready@gmail.com
#8
Aakash (Tuesday, 17 November 2020 16:23)

send this strategy
#9
Sören (Sunday, 14 March 2021 11:56)

You can really set that up yourself in MT4.
#10
Phúc (Saturday, 09 April 2022 23:21)

Thanks
#11
Mike (Tuesday, 10 September 2024 01:08)

Fibonacci retracement is now my go-to strategy for swing trading. The accuracy in predicting pullbacks and reversals is insane. It’s a must-know for anyone serious about technical analysis!" Strategy ok!