Fibonacci trading

Why most traders are so fascinated by Fibonacci trading? Both swing and trend traders are using it to project where the markets are heading to. If you have an up FIB, you are bullish on the market and you wanted to ride from levels to levels. If you have an down FIB, your are bearish on the market and you wanted to ride from levels to levels. An example here showing a 6E chart (Euro vs USD), we classified this Fibonacci as a pattern FIB (does it look like head & shoulder pattern to you?) From start of the move till the very last target on this Fib, 58 tics profit. If we take very conservative trading size of 3 lots, our risk for this FIB are 7 tics, 6E per tic = USD 12.50 So, we risk USD 26

Income from intraday trading

JG Sniper Club is a club that trains intraday traders. People in this club are trained to take swing trades in the trend direction or fading the trend. No one in my team are trained to ride to eternity because this is never my belief. As we are all intraday traders, we want to have a good night sleep when we close our computer, we want to enjoy some leisure time and not sitting in front of our computer the whole time (although I am guilty of sitting in front of my computer for long hours as I am trading different markets and they all have different opening hours.) The best day for me should be Tuesday & Thursday as I do not need to report work, and I can actually trade the Asia opening, then

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Futures Trading is speculative and is not suitable for all investors. The risk of loss in trading can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. This brief statement cannot disclose all the risks and other significant aspects of the Futures markets. You should therefore carefully study Futures Trading before you trade. Information and trading tools provided in and through this website are for general information purposes only. All investments involve risk, including potential loss of principal. Clients must consider all relevant risk factors, including their own personal financial situation before trading.