Hello Soyabean, you’ve got a nice method going here. Kudos.

Damion's Tribute

You’re welcome Tex. Actually, as at the time you were using the swing high @ 94.77 area (upper blue line) to draw your fib, the new swing high @ 94.65 (lower blue line) had already formed – with two lower candles on both sides – and it was lower ...

Hourly Fibonacci Method (Day Trading)

[quote=DojiMojo;2887369] Hi DojiMojo, check the attachment below, I hope it’ll guide you through getting your 127% fib ext. (I guess you’re using the MT4 platform). If you need further clarification, please let me know.

Hourly Fibonacci Method (Day Trading)

Pretty good job Tex, but you didn’t use the most recent hourly swing high to draw your fibs. The most recent hourly swing high is lower than the swing high you used. Price is currently not forming a higher high – we’re kind of in a consolidation ...

Hourly Fibonacci Method (Day Trading)

Short Trade set-up on USDCHF 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 @ 1.0658. Hence, we expect ...

Hourly Fibonacci Method (Day Trading)

Today on USDCHF – Daily and H4 charts support Short trades. — On the Daily chart (attached), price closed below the symmetrical triangle on Thurday – last week, re-tested it on Friday; and currently, it seems set to continue its downward move. ...

Hourly Fibonacci Method (Day Trading)

Thanks a lot sis.

Hourly Fibonacci Method (Day Trading)

Lol… I’ll definitely call.

Hourly Fibonacci Method (Day Trading)

Limstylz, this is great! I just did that. Thanks a lot.

Hourly Fibonacci Method (Day Trading)

Thanks Okehiedon. Actually, I started studying and trading forex almost two years ago (August will mark my second year); though I attempted trading the Nigerian stock market for more than a year prior to when I got into currencies.

Hourly Fibonacci Method (Day Trading)

Nimrod, thanks for your kind words; I appreciate them. Have a restful weekend.

Hourly Fibonacci Method (Day Trading)

Hi Justin, thanks for your comment. I have exit levels – as you would see in my trade set-ups analyses above. You’re absolutely right about your allusion to the infinite numbers of ways market expresses itself: regardless of the tool and system we ...

Hourly Fibonacci Method (Day Trading)

Thanks Okehiedon. Usually, I trade the full London/early New York sessions (06:00GMT – 16:00GMT). Regarding current market conditions: Yes! I take all market conditions – both fundamental and technical – into consideration, but since my trading ...

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 @ 1.6283. Hence, we expect ...

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Daily and H4 charts support Short trades. — On the Daily chart (attached), price struggled to continue its upward move yesterday, and it closed with a doji candle formation. The doji gave a signal of possible price reversal ...

Hourly Fibonacci Method (Day Trading)

Thanks Tex, I focus on the four majors: EURUSD, USDCHF, GBPUSD, & USDJPY… Ok, you’ve read it already.

Hourly Fibonacci Method (Day Trading)

Update on today’s GBPUSD Long Trade set-up — If you’ve not been able to go Long on the GBPUSD based on the Long trade set-up that was posted a few hours ago (using the fib 61.8% retracement @ 1.6403), a new hourly swing low has been formed @ ...

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 @ 1.6481. Hence, we expect price to ...

Hourly Fibonacci Method (Day Trading)

Hi Nick, thanks for this information, I just checked the thread out. You’re quite right: Dazfx also uses the fib tool on the hourly chart, but, as you’ve probably noticed (or would notice), our approaches are slightly different. The method I use ...

Hourly Fibonacci Method (Day Trading)

Today on GBPUSD – Daily and H4 charts support Long trades. — On the Daily chart (attached), price recently broke the most recent swing high @ 1.6379 (which we’ve highlighted using the lower blue broken line) upward. This signals the ...

Hourly Fibonacci Method (Day Trading)