Today on GBPUSD – Daily and H4 charts support Short trades. — On the Daily chart (attached), again, as anticipated, price continued its movement downward. The “more recent” upward trend-line, which we observed yesterday as the new area price ...

Hourly Fibonacci Method (Day Trading)

Fxpilot, you’re very much welcome, and thanks for your kind words. As you said, I could see our approaches are very similar, and that’s great. I use Limit Orders around a certain fib. level, as long as there are other pivots, previous highs/lows, ...

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Daily and H4 charts support Short trades, but... — On the Daily chart (attached), as anticipated, price continued its movement downward. The upward trend-line (that we’ve highlighted using the red broken line), around which ...

Hourly Fibonacci Method (Day Trading)

Update on today’s GBPUSD Short Trade set-up — If you were able to identify the GBPUSD Short trade set-up and took the trade, that’s great. For unavoidable reasons, I wasn’t in the market at the time of price action. However, I’ll go ahead to ...

Hourly Fibonacci Method (Day Trading)

Today on USDJPY – Daily and H4 charts support Long trades. — On the Daily chart (attached), we could see that price couldn’t sustain its steep downward move as it advanced toward the lower edge of the narrow channel; hence it reversed sharply ...

Hourly Fibonacci Method (Day Trading)

Thanks Baby!

Hourly Fibonacci Method (Day Trading)

Additional Update on today’s USDJPY Short Trade set-up — After I exited the first lot @ 19-pip profit, price moved further downward. With that, I took the next step to identify an appropriate level where I could take profit on the second lot, ...

Hourly Fibonacci Method (Day Trading)

Update on today’s USDJPY Short Trade set-up — If you were able to identify the USDJPY Short trade set-up and took the trade, that’s great. I took it, and, currently, I’m still in it. I’ll give analysis of today’s bias based on higher time ...

Hourly Fibonacci Method (Day Trading)

Today on USDCHF – Daily and H4 charts support Short trades, but… — On the Daily chart (attached), as a result of the drastic loss dollar experienced on all the major pairs yesterday, on the USDCHF Daily chart, we would observe that price has ...

Hourly Fibonacci Method (Day Trading)

Update on today’s GBPUSD Short Trade set-up — In light of what is currently happening with the majors, we would know that virtually any “buy-dollar” trade set-up, from a day-trade perspective, is doomed. I took a Short GBPUSD trade, but was ...

Hourly Fibonacci Method (Day Trading)

Update on today’s USDCHF Short Trade set-up — Pls NOTE: Based on earlier analysis of the USDJPY pair today, a couple of Short trade set-ups occurred. If you used the fib 50% ret. levels both times, you would have closed the first in profit, ...

Hourly Fibonacci Method (Day Trading)

Today on USDJPY – Daily and H4 charts support Short trades, but… — On the Daily chart (attached), we would observe the USDJPY pair has been in a steep downtrend for more than a week. Recent Daily swing low has been broken southward. However, ...

Hourly Fibonacci Method (Day Trading)

Thanks a lot for your support D liberators. I really believe consistency matters. With that, we know exactly the number of strategies we have in our individual trading toolkits, and probably trade them on separate accounts to keep accurate tab on ...

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Daily and H4 charts support Short trades. — On the Daily chart (attached), as we observed yesterday, a couple of more recent price actions – in addition to previous ones that we’ve been discussing for over a week – are ...

Hourly Fibonacci Method (Day Trading)

Hi Biz, actually, if your entries are based on certain defined parameters, you would always miss quite a number of trades; but you won’t see the missing trades as lost opportunities, since, within the context of your edge, they were not ...

Hourly Fibonacci Method (Day Trading)

Short Trade set-up on GBPUSD Hourly chart. — Earlier today, we concluded today’s bias is to go Short. The Hourly chart (attached) is currently forming a tradable pattern. Price seems to have bottomed temporarily @ 1.6274. Hence, we expect ...

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – The Story continues: Daily and H4 charts support Short trades. — Pls NOTE: On the Weekly chart (please refer to Monday, Aug. 10 analysis), the reversal candle that formed around a strong resistance level the penultimate week ...

Hourly Fibonacci Method (Day Trading)

Guys, just to wish you all a restful weekend; and a successful week ahead.

Hourly Fibonacci Method (Day Trading)

Today on EURUSD – Daily and H4 charts support Long trades, but… — On the Daily chart (attached), the reversal candle pattern (engulfing candle), observed yesterday around the lower border of a rising wedge chart formation, is still doing a ...

Hourly Fibonacci Method (Day Trading)

Update on today’s EURUSD Long Trade set-up — Based on our earlier analysis today, the EURUSD presented a Long trade opportunity about a couple of hours ago. I’m currently not in the trade as I was targeting the fib. 78.6% ret. @ 1.4260. If you ...

Hourly Fibonacci Method (Day Trading)