Update on today’s GBPUSD Long Trade set-up — Based on earlier analysis today, if you took a less aggressive position on the GBPUSD pair (also the EURUSD and USDCHF pairs), and waited for price to break the resistance level @ 1.6585 upward ...

Hourly Fibonacci Method (Day Trading)

That’s a nice set-up; but, did you deliberately ignore the most recent swing low just below the 0.8212 level?

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Daily and H4 charts support Long trades, but… — NOTE:To me, most of the majors are still choppy and indecisive; if you decide to stay in the market – and not stay away – proper Trade Management is the “HOLY GRAIL” here, and ...

Hourly Fibonacci Method (Day Trading)

Further Update on yesterday’s USDCHF Short Trade set-up — Currently, on my USDCHF Short trade, price has moved in my favor enough for me to consider taking profit. My preferred level of taking initial profit was @ 1.0666; however, with the new ...

Hourly Fibonacci Method (Day Trading)

Update on today’s USDCHF Short Trade set-up — If you were able to identify the USDCHF Short trade set-up and took the trade, that’s nice. I took the trade, and I’m still in it. Pls NOTE: I also took a Long trade on the EURUSD, but it didn’t ...

Hourly Fibonacci Method (Day Trading)

Lefteye, I was referring to the most recent of the swing highs that price broke upward – not the most recent swing high on the entire chart. Again, the most recent swing high – as you rightly observed – is @ 95.28, BUT the swing high @ 94.37 was the ...

Hourly Fibonacci Method (Day Trading)

You’re very much welcome Joetrece; and I guess - with time - we all tend to simplify things eventually.

Hourly Fibonacci Method (Day Trading)

Lefteye, you’re absolutely correct!! Thanks. I’ve modified the H4 chart (attached). Guys, I apologize, the most recent swing low is @ 94.64 (the green horizontal line) – as against 94.58.

Hourly Fibonacci Method (Day Trading)

Today on USDJPY – Daily and H4 charts support Long trades, but… — On the Daily chart (attached), last week, price closed above a cluster of resistance levels, two of which were the downward trend-line (the red dashed line), and the most recent ...

Hourly Fibonacci Method (Day Trading)

Joetrece, I quite understand your Daily chart analysis. Regarding the 4-Hour chart – based on the method I use – the bias is bearish. If you’ll observe closely, the 8th candle to the left (counting from the most recent candle) has got two higher ...

Hourly Fibonacci Method (Day Trading)

Hi Joetrece, you’re very much welcome; and I passionately hope the approach and thread would aid our journey to consistent profits. Have a pleasant weekend.

Hourly Fibonacci Method (Day Trading)

Guys, just to wish you all a restful weekend.

Hourly Fibonacci Method (Day Trading)

"(i lack the patience)".. "God bless you." amen; thanks. Seems you intend going for Gartley. As long as your’re ok with it, and you’ve got the support confluence, GO RIGHT AHEAD! And bring back the good news.. lol.

Hourly Fibonacci Method (Day Trading)

Soyabean, I feel your words. You know I’ve heard of so many successful traders that their winning trades (win/loss ratio) are 50% or less; but because they manage their losing trades so well and have reward/risk ratio that’s about 2:1 or higher, ...

Damion's Tribute

Thanks for your kind words Lefteye; and, yes! I sincerely hope this thread would be sustained and aid us in our growth toward enviable successes & steadily rising equity curve.

Hourly Fibonacci Method (Day Trading)

Today on USDJPY – Daily and H4 charts support Long trades. — On the Daily chart (attached), yesterday, price closed above a cluster of resistance levels, two of which were the downward trend-line (the red dashed line), and the most recent ...

Hourly Fibonacci Method (Day Trading)

Hi Lefteye, hope my previous replies were satisfactory? This GBPUSD is a nice set-up – though I don’t know how it looks on the Hourly; but assuming you used the Hourly swing lows to draw your fibs, the automatic place where you’ll place your initial ...

Hourly Fibonacci Method (Day Trading)

lol. Thanks for your kind words Nimrod. I would’ve loved to have an input, but you guys are more experienced with the method discussed here; so I’ll gladly follow you as much as I can till I am confident enough to offer appropriate and useful ...

Damion's Tribute

Aftab, this is so great! I’m happy the method is aiding you to build your individual method. YOU GOT IT! – Trading in the Moment – the “now moment.” Trading in the Zone is simply the book; it has really helped me to know exactly who I need to be – ...

Damion's Tribute

Currently, this is what is happening on the USDJPY Hourly; it doesn’t look like the most recent swing high @ 94.53 won’t be broken upward; but, if for any reason, price retraces at this point, I’ll take the trade because the 61.8% retracement of the ...

Hourly Fibonacci Method (Day Trading)