9 Tricks Of The Successful Trader — For those of us that are interested, below is the link to a helpful article – 9 Tricks Of The Successful Trader: url

Hourly Fibonacci Method (Day Trading)

Guys, here’s how the USDJPY Long trade set-up looks on the Hourly. The Daily and H4 charts currently support the Long trade too. Thanks Mike for posting the set-up. P.S.: There’s also a Long trade set-up forming on USDCHF with support confluence @ ...

Hourly Fibonacci Method (Day Trading)

Yeah; a Weekly pivot and major fib. 61.8% supporting fib. 78.6% @ 95.00 Then, a Daily pivot, previous swing high, major fib. 50% supporting fib 61.8% @ 95.15

Hourly Fibonacci Method (Day Trading)

Today on EURUSD – Daily and H4 charts support Short trades. — On the Daily chart (attached), yesterday, the dollar continued its broad rally. Consequently, on EURUSD, price broke and closed below a strong support level – the most recent Daily ...

Hourly Fibonacci Method (Day Trading)

Jeffokes, I’ve attached the MT4 fib window; if your MT4 works in a similar way, just double-click your fibonacci tool, then right click on it and choose ‘fibo properties,’ a window similar to this attachment should appear on your screen; so, from ...

Hourly Fibonacci Method (Day Trading)

Thanks Mike (Naijafx); and I totally agree with your words: the market is really big and dynamic.

Hourly Fibonacci Method (Day Trading)

Httham, thanks for your insight. Just as Rumba explained, the Gartley was identified before the ensuing price action. You would notice my emphasis was on the confluence – not price.

Hourly Fibonacci Method (Day Trading)

Jeffokes, I, too, don’t use (or know of) any custom fib ext.; and it’s most likely that Fibonacci “expansion” is the same as “extension” – though I’m not in any way sure. Also, try to make inquiries on it from your trading platform provider. Please ...

Hourly Fibonacci Method (Day Trading)

Mike, thanks for the explanation. @ Lefteye & Jeffokes The attached chart might help a bit, but I believe the link Mike posted should clarify it a lot further. You’ll notice that – apart from the major fib (in brown) – there’s a fib in purple drawn ...

Hourly Fibonacci Method (Day Trading)

Guys, isn’t it lovely to see the way price reacts to these levels? NOTE: I’m not in any way saying the 78.6% level will hold; nobody knows that.

Hourly Fibonacci Method (Day Trading)

Mike, you’re absolutely correct; I could identify the Gartley too – very visible on the 15min and 5min charts.

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 @ 1.6345. Hence, we expect ...

Hourly Fibonacci Method (Day Trading)

I passionately hope so!

Hourly Fibonacci Method (Day Trading)

Thanks a lot Jeffokes; and I say amen to your prayer. Yeah! I really hope this thread would benefit us all.

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Daily and H4 charts support Short trades. — On the Daily chart (attached), as a result of a broad dollar rally yesterday, price has broken the upward channel downward. We expect price to continue its downward move for the ...

Hourly Fibonacci Method (Day Trading)

Thanks for your kind words Tex; and you’re doing great too. On a lighter note, I could notice your 118th post is the 118th post on this thread.

Hourly Fibonacci Method (Day Trading)

You’re out already?!! But here on my chart (attached), price hasn’t travelled up to your adjusted Stop Loss. Well, trading platforms differ. That was a lovely trade you took – with nice trade-management. I love your H4 analysis too. Although, I just ...

Hourly Fibonacci Method (Day Trading)

This is simply great Tex! Definitely, I would have taken this trade if I was still in the market.

Hourly Fibonacci Method (Day Trading)

Yeah, I notice those divergences at times, but I basically use them to weigh the strength of a set-up and see if I should reduce my risk & manage the trade more cautiously; but they don’t necessarily keep me entirely out of a trade once my set-up is ...

Hourly Fibonacci Method (Day Trading)

Using higher time-frames to draw fibs isn’t a bad idea since the higher the time-frame, the stronger the fib retracement levels. Though I don’t trade the aussie, I won’t be surprised if it has plunged: seems the dollar is rallying broadly.

Hourly Fibonacci Method (Day Trading)