FibMarkets.com

 

*”My long trade in EUR/USD at 1.4986 as made about 30 pips for now….:) and your article about Fibonacci techniques are great and very amazing…!!”*
This was a recent quote from trader “Haryo” on my Fibonacci Trading Facebook Page.

 

Through my Daily Forex Charts service, I work with traders on a daily basis- discussing strategies using my Fibonacci techniques and applying them to the current markets. I can’t even begin to tell how rewarding it is for me to see these strategies work time and time again.

Recently, I made a short video lesson to share with you how my Fibonacci techniques can make your trades profitable. This video lesson is based on a GBP/USD 4 hour chart that I recently posted to my Fibonacci Trading Facebook Page when the trade opportunity was setting up. See that chart which was posted before the (predicted) trade.

 

Click here to see the Fibonacci Trading Made Easy lesson, showing my Fibonacci techniques in action.

It’s the day before Thanksgiving Holiday, a long weekend break for many traders. Best wishes to all our readers in the USA.

-Neal Hughes “FibMaster”

 

Since I started trading almost 30 years ago, I’ve learn many things about trading, and I’ve struggled with just about all the problems that traders can encounter. My hope is that these web pages will help traders who are serious about their goals to define an effective trading plan and to benefit from my experiences.

If you don’t have a trading plan, I encourage you to set aside some time and give it serious thought. To help you improve your trading with my Fibonacci Trading Techniques, use the outline on the following website to define your own trading plan;
http://www.fibonaccitrading.com/

 

There are only two more FibMaster learning opportunities left this year. Only a few seats remain in each of my 2 upcoming seminars.

These last two seminars are the most powerful of my live seminars as they pull together all the information from my other seminars. If you’ve not attended these seminars before, you’ll want to take advantage of this learning opportunity today.

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Seminar: Price Action, Read the Markets. Putting it All Together.

When: Saturday, Nov 14th 2009, 11:00 a.m. EST

Description: These techniques can give you powerful tools to evaluate the underlying strength of the market, so you can make better trading decisions.

See Fibonacci Seminar/Webinar Outline and Register here.

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Seminar: TRSI Trading

When: Saturday, Dec 5th 2009, 11:00 a.m. EST

Description: The TRSI is a powerful tool when used in combination with Fibonacci levels. It can provide reliable entry and exit triggers, and also tell you which way the market is heading (trend).

See Fibonacci Seminar/Webinar Outline and Register here.

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My live seminar series is only offered a couple of times a year and will not be available until next Spring. Don’t delay, register today to secure your spot in these seminars.

-Neal Hughes (FibMaster)

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Below are trades and comments from members at FibMaster’s Trading Forum.<<-Click to join

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Originally posted by “Hussam”; Thu Nov 05, 2009 10:05 am

 

Hi,

4 Hour resisting at 0.618 and TRSI resisting at 60. The 1 Hour TRSI crossed down from above 60 to 58 level. If the 4 Hour crosses down, I would take a short to the support uptrend line. I realize that Daily TRSI is up, however, Weekly is still down. With both 4 and 1 hour crossing down, should be good enough, I think. Any thoughts ?
NOTE : Daily Slow TRSI is down. I guess that counts for something !!
Thanks,
Hussam.

Click image to enlarge

Click image to enlarge

 

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Originally posted by “Bert”; Fri Nov 06, 2009 5:14 am

 

Hussam it’s been tough to call, possible short (against the flattened up trend) near 5min SK at 1.4885 to 1.4835 area. Stop above prior 60 min candle…Also there is 30min support SK at 1.4868 so caution there.
Attached charts

Click image to enlarge

Click image to enlarge

 

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Originally posted by “Hussam”; Fri Nov 06, 2009 5:54 am

 

Hi Bert,

Thanks. I agree with you. Anyway, the scenario didn’t materialize. In fact, the opposite happened. 4 Hour TRSI crossed up and above 60 level. However, the 0.618 resistance is still holding. I think we are in a hold pattern for NFP in 36 minutes from now. At the end of day, it will follow the DOW, I guess.

Good Luck,
Hussam.

 

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Originally posted by “Bert”; Fri Nov 06, 2009 6:38 am

 

I know it was tough cause being so close to the news…but it worked like a champ for 40 pips! Entry was right after rejection at SK (abit late at 1.4876 and exited at 1.4836…Only used fib and TRSI for trade…Hopefully this one gets a “Fibmaster Approved” trade.

Thanks!
Al Bert

Click image to enlarge

Click image to enlarge

 

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Originally posted by “Bert”; Fri Nov 06, 2009 8:17 am

 

This is why I exited as I did…also why I struggle holding a trade very long. 30-60 min bull gartley was identified and although I should have bought, It’s tough to buy against the indicators, so let that one go.

Thanks!
Al Bert

 

 

 

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Originally posted by “Hussam”; Fri Nov 06, 2009 8:25 am

 

Hi Bert,

Very gutsy. I don’t trade the news. Now I am watching what will happen with the 240 Min 0.618 Fib resistance at 1.4896 It’s still holding while TRSI pushed above 60 level.. Quite interesting. Let’s see who gives up.

Regards,
Hussam.

 

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Originally posted by “Bert”; Fri Nov 06, 2009 8:31 am

 

Thanks Hussam, I don’t like to trade news either and it wasnt my intent but was already “committed” after my sell at SK so kept a 20 pip stop and went for 40, I also took 2/3 of trade off at 20 pips to lower risk…It was purely done by indicator and SK but the real trade was the buy with the bull gartly, It could have been done with a stop just below 1.48 but you had to be fast…AND THAT ONE WOULD HAVE BEEN GUTSY!

Have a great weekend

 

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Originally posted by “FibMaster”; Wed Nov 11, 2009 6:26 am

 

Good job following the system, 40 pips is 40 pips!

 

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