Today on EURUSD – Daily and H4 charts support Long trades. — On the Daily chart (attached), we could notice a reversal candle pattern (engulfing candle) around the lower border of a rising wedge chart formation. Also, price has broken above ...

Hourly Fibonacci Method (Day Trading)

Trendylines, e se gan. You have a point, but as you probably know, taking trades based on H4 setups can’t really be considered as day trading. It usually takes longer period to manage and exit such trades – if you would agree with me. Apart, from ...

Hourly Fibonacci Method (Day Trading)

I guess that isn’t a bad decision. Intuition and experience are also necessary in trading.

Hourly Fibonacci Method (Day Trading)

Mike, nice setup. Can you please clarify what W-M1 means? Thanks.

Hourly Fibonacci Method (Day Trading)

Update on GBPUSD Short Trade set-up — Based on previous days’ analyses, The GBPUSD presented a Short trade opportunity earlier today. I entered a Short position. While the trade is currently on, I’ll like to give an update on the higher time ...

Hourly Fibonacci Method (Day Trading)

You're very much welcome Biz.

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Daily and H4 charts support Short trades, but… — Pls NOTE: On the Weekly chart (please refer to yesterday’s analysis), the reversal candle that formed around a strong resistance level is still doing a good job of sustaining ...

Hourly Fibonacci Method (Day Trading)

Hi guys, I think this is a good read on money-management. It’s somewhat a funny article, but its truth is intact: url

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Weekly, Daily and H4 charts support Short trades. — On the Weekly chart (attached), a major resistance level – a previous swing low @ 1.7050 (that we’ve highlighted using the blue broken line), which we discussed on the ...

Hourly Fibonacci Method (Day Trading)

Thanks D liberators; I might not fully understand your analysis, but since it doesn’t contradict the primary trading parameters discussed, it’s certainly an opportunity for me, and, I believe, others that are not acquainted with this type of chart ...

Hourly Fibonacci Method (Day Trading)

Mike, nice trade-plan and execution: you sure had guts; and it paid off. @ All Have a restful weekend.

Hourly Fibonacci Method (Day Trading)

Hi D liberators, your analyses on the H4 and Hourly charts are quite nice and understandable to me; but I need clarification on the Daily chart regarding why you chose the 0.8697 & 0.8399 levels – and not other levels – to determine the invalidation ...

Hourly Fibonacci Method (Day Trading)

Today on EURUSD – NFP Rules. — Pls NOTE: If there’s one particular day in every month that trending method/pattern traders should be wary of trading most, it has to be the first Fridays of every month when the Non-Farm Payroll (NFP) report is ...

Hourly Fibonacci Method (Day Trading)

Nice one Kien!

Hourly Fibonacci Method (Day Trading)

Gamma, to avoid any misunderstanding, please explain, further, what you mean by price action; because swing highs/lows are results of price action, so, in that sense, we use price action. If what you mean by price action is different, please ...

Hourly Fibonacci Method (Day Trading)

Hello Gamma, it’s great that you find this thread helpful. You’re absolutely free to contribute to our learning process. Just as with other threads, we’re here to learn. To maintain consistency, it would be very much appreciated if your ...

Hourly Fibonacci Method (Day Trading)

Today on EURUSD – Daily and H4 charts support “sleep galore.” — Pls NOTE: I believe all the majors are simply waiting for the major news announcements: Rate announcements, etcetera, from Europe & Britain today; NFP, etcetera, from US tomorrow. ...

Hourly Fibonacci Method (Day Trading)

Jeffokes, you’re much welcome; I’m sure that once every one of us understood fully a major goal of this thread, virtually all inputs would be complementary and helpful. Certain inputs from more experienced traders might not always be easily ...

Hourly Fibonacci Method (Day Trading)

Nice insights Preacher.

Hourly Fibonacci Method (Day Trading)

Closing all as profitable trades would sure be a great way to start a new month

Hourly Fibonacci Method (Day Trading)