Submit by ForexStrategiesResources
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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