Teaching is way beyond me for now; let me have years of record to prove myself first. Fortunately, by then, I won’t be teaching anybody currently around – since we would’ve all become successful traders in our own rights. I’m currently in a GBPUSD ...

Hourly Fibonacci Method (Day Trading)

Thanks D liberators, I really hope we would all help ourselves achieve steadily rising equity curve.

Hourly Fibonacci Method (Day Trading)

Update on yesterday’s USDJPY Short Trade set-up — Pls NOTE: The majors seem to be currently “sleeping:” nothing much to discuss in terms of bias. Based on yesterday’s analysis, if you positioned yourself for the USDJPY Short trade set-up, ...

Hourly Fibonacci Method (Day Trading)

Hello Superscalper, I’ve been trading this way (and its variations) for over six months, but until recently, I’ve not been consistent with it. In the last twelve-month period, I recorded a negligible profit – breakeven, so to speak. I believe being ...

Hourly Fibonacci Method (Day Trading)

D liberators, there’s no need to remove your posting at all. While you’re right that your analysis didn’t align with the primary method discussed on this thread, I’ll always appreciate your comments – and everybody’s comments. They all make us ...

Hourly Fibonacci Method (Day Trading)

D liberators, you're quite right. I think your approach is nice for a longer term trade.

Hourly Fibonacci Method (Day Trading)

Short Trade set-up on USDJPY Hourly chart. — On the H4 chart (attached), price has broken the most recent swing low @ 94.57 (which we’ve highlighted using the blue broken line) downward. This automatically shifts our bias in favor of a ...

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Monthly, Daily and H4 charts support Long trades, but… — On the Monthly chart (attached), we could see price has conveniently broken above the very major fib. 38.2% retracement level @ 1.6427 – after two months of struggle. ...

Hourly Fibonacci Method (Day Trading)

Guys, I hope you’ll agree with me that today has simply been a test of patience – no significant retracements on the majors; but the possible good news is we might finally be getting out of the wearing ranging markets. @ D liberators I’m quite sure ...

Hourly Fibonacci Method (Day Trading)

Long Trade set-up on GBPUSD Hourly chart. — Earlier today, we concluded today’s bias is to go Long. The Hourly chart (attached) is currently forming a tradable pattern. Price seems to have topped temporarily @ 1.6879. Hence, we expect price to ...

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Daily and H4 charts support Long trades. — On the Daily chart (attached), price recently broke a very major resistance level – the year high @ 1.6744 (which we’ve highlighted using the blue broken line) upward. This signals ...

Hourly Fibonacci Method (Day Trading)

Yes Tex, the first week of the month is usually a loaded news week.

Hourly Fibonacci Method (Day Trading)

Guys, I wish us all a successful August.

Hourly Fibonacci Method (Day Trading)

D liberators, happy new month! You’re quite right, the most recent Weekly swing high has been broken upward, and H4 chart supports Long trades. Definitely, these are bullish signs and we should consider seeking Long trade set-ups on the Hourly ...

Hourly Fibonacci Method (Day Trading)

Mike, you’re talking about a very valid Gartley set-up on the Hourly & H4 charts that supports a Short trade on the EURUSD. Though, a Short trade is valid from that point of view, but you know it contradicts this method’s bias. I think we should be ...

Hourly Fibonacci Method (Day Trading)

Tex, I guess you’re in a Short trade? Please manage your trade properly; the Short bias on the H4 chart (attached) is no more valid. The most recent swing @ 1.4095 has been broken upward. Minimizing our losses is an excellent way to trade in certain ...

Hourly Fibonacci Method (Day Trading)

Today on USDJPY – Daily and H4 charts support Long trades. — Pls NOTE: On the Weekly chart, as earlier observed and posted by Lefteye, let us be wary of resistance pressure on price as it advances toward the upper part of a downward channel. ...

Hourly Fibonacci Method (Day Trading)

Great observation; although, since we still have roughly 100-pip space, I think it’s still somewhat safe to seek Long trade set-up on the Hourly – if the Daily and H4 support a Long trade.

Hourly Fibonacci Method (Day Trading)

High – 95.28 Low – 93.07 Close – 94.78 Lefteye, only the Close is slightly different. You’re right: there’s the central pivot @ 94.38, then RI pivot @ 95.68. I guess the issue is you don’t use the M levels (mid-way level between pivots); there’s M3 ...

Hourly Fibonacci Method (Day Trading)

Thanks Tex. Yeah, you’re probably correct. Please, as much as it’s possible, try to attach the charts as it would help us fully understand your observation.

Hourly Fibonacci Method (Day Trading)