Simple's Green Room

[pennies2007]

Actually, I go to the daily first to find the last significant swing. Then I just drop back to the 4 hour or hourly to draw in the second fib box. Those fib levels hold for a long time so you can just wait for the most significant levels to get hit and trade those.

Honestly, the best time to trade is from the London open to right before New York open. I've found that I make most of my pips there since the London session tends to put in the larger portion of the average daily range on most pairs. So you can actually trade just a few hours early in the morning and not worry about the rest of the day.