Hi Simoneg, I am trying to learn to read the charts. Here is example chart of 4 hour EURUSD. First it up side move, then downside move (retracement) now from candles can we say it found the bottom and will continue to upward or up move is not strong ...

SimpleFib Trading

Thanks, I will watch it carefully. Just want a quick scalp.

SimpleFib Trading

NZDJPY 4H: sell order @86.030 sl:86.35 tp:85.62

SimpleFib Trading

How is every one here; I hope and wish all you be very well. I am trying 4H charts now: usdjpy short pending order @102.30 sl:102.57 tp:102.15 & 101.75

SimpleFib Trading

Sorry I was away; just came now. Here is the attached image I was refering. There is pin bar on 4 hour on NzdUsd but that was above the Long fibo level. image

SimpleFib Trading

Hi Simoneg, Did you took long trade as touch trade? Because last 4 hours candle looks pin bar, some traders consider it as reversal pattern for short position. Just asking because trying to learn this method. Regards,

SimpleFib Trading

Looks like market waiting ECB President Draghi speak at 9:00 ; I am sitting on my hands now

SimpleFib Trading

You too have a nice weekend; Take care

SimpleFib Trading

Nice trade

SimpleFib Trading

Close usdjpy +10 ; was not feeling comfortable as all market is moving down but not this pair.

SimpleFib Trading

I was monitoring but move was strong, did not get chance to manually close it; I am short in usdjpy; I am learning this method by taking very small risk as my trade size is very small.

SimpleFib Trading

At least right now they are showing correlation; my sl hit in gbpjpy -29; will see how usdjpy goes

SimpleFib Trading

I am watching it very carefully ready to manually close if 1 hr shows against pa; Also took short at usdjpy; I think usdjpy and gbpjpy are correlated? image

SimpleFib Trading

Thank you; Long at gy will watch closely; image

SimpleFib Trading

Thank you; Here are my trades today; Gold buy -17 ; gpbusd sell -22; eurusd short -5; gbpjpy long +22; audusd sell +26; image

SimpleFib Trading

No problem no rush; take it easy we can have some other next time. I will post my charts for your guidance and advise. Currently I have two active trades : short on cable (GU) and long in GbpJpy; Daily on GU looks short setup so I am willing to hold ...

SimpleFib Trading

ahh sorry lazy student Do you wait to hit the targets or when you see the pa on s/r , you close them early? If you get some time please and easy for you then explain that how you went long and then closed it and then you went short. Regards

SimpleFib Trading

You were previously long on GJ? is that still active and are you hedging or you closed them already and then short it?

SimpleFib Trading

Ohh you were short in gold. Can you please post the chart. Thanks.

SimpleFib Trading

ahh... i had exact buy pending order at 1331.17 and market exactly touch it and move up. My order did not click due to spread. Anyway was nice setup; has potential to hit target one.

SimpleFib Trading