All posts in Live Forex Trades

Trading forex can be difficult, it is easy enough to know the theoretical side of currency trading online but having this knowledge and actually implementing it into live forex trading can be far more difficult. So, how can we utilise our theoretical knowledge better? This is where a forex live trade room can really benefit traders of all standards. One of the key elements missing with most traders is experience. Experiencing the forex market understanding its rhythm and learning the “foibles” of the market can take years. If you are a new trader looking to get into forex you just can’t skip this step. But there are ways around tt. One way is to work with a mentor, a coach. They can help provide some of the experience you might be lacking. The downside is it can be expensive, one to one mentoring is not going to be cheap, especially if they are good. The other option is to use an online live forex trading room where trades are taken in real time. One of the main purposes we had in establishing our online trade room it was to be able to bring together new and seasoned traders. Being part of a trade room can stop you from making a lot of mistakes that many, who trade on their own, make.

In this section of the website we are creating an anthology of real trades that we have taken our live forex trade room. The idea is to select a trade or a few trades each day, if possible, that you can provide traders valuable insights into why professional traders take the positions they do and how the trades were managed, which hopefully will help you in your quest to expand your forex knowledge. As the trade room has a mixture of trading styles and strategies this will e reflected in the videos. The videos will contain both winning and losing trades because, as any good trader will know, being able to lose well is probably more important than being able to select trades in the first place.

Of course if you the best way to gain experience in forex trading is to actually come into the the forex trade room, chat with the professional traders who are moderators and talk with other traders. If you want to see how the 24hrs forex trade room can benefit you, just enter your details into the box on the right of this page and we will send you FREE login details.

GBPUSD +10 2016-06-28 | Extended Reversal

This is a classic extended reversal trade, aided by the presence of the 5 min L3. Post Brexit moves have been fast and extended. Here Cable has moved down but has retraced. This can be seen by the formation of the boxes and extended gaps between them. Price has then moved down to test the level beyond the 5 min box which is 5 min L3. On reaching this level it snaps back quickly to give +10 pips.

You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Fib Matrix Forex Strategies | 2016-06-27 EURUSD +8

Fib Matrix Forex Strategies | 2016-06-27 EURUSD +8

Categories: Live Forex Trades
Comments Off on Fib Matrix Forex Strategies | 2016-06-27 EURUSD +8

EURUSD +8 2016-06-27 | 60 min Bounce Trade

This is a good example of a 60 min Bounce trade. Price has pushed up toward the second 60 min box and is 17 pips away from the 1 min boxes. 60 min levels are by far the strongest levels, although can sometimes require room, Here the upper 60 box pushes price back toward the 1 min box for +8 pips

You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Forex Scalping Strategies | 2016-06-14 GBPUSD +6

GBPUSD +6 2016-06-14 | Preemptive Reversal

This GBPUSD trade is an example of 1 min preemptive reversal. Here after a sharp move up the 1 min L1 and L2 have crossed over on the 1 min timeframe and the white zone has shrunk. In addition the 5 min boxes are more than 20 pips away meaning there is good scope for a retracement down. The condition of the white zone is important in than if it expands it tends to push price away while when it contracts price is drawn to it.
You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Forex Scalping Strategies | 2016-06-14 USDJPY +7

Forex Scalping Strategies | 2016-06-14 USDJPY +6

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-06-14 USDJPY +6

USDJPY +6 2016-06-14 | 15 min Inside Bounce

This USDJPY short is a 15min inside bounce trade. With an inside bounce trade we look to take the trade from the second box L2 back to the first box L1 with the L3 usually being the stop but in this case it was too far away so a small stop was placed above. This trade is taken on the retracement to the L2 after the move down on the 15 min time frame.
You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Forex Scalping Strategies | 2016-06-13 EURJPY +7

Forex Scalping Strategies | 2016-06-13 EURJPY +7

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-06-13 EURJPY +7

EURJPY +7 2016-06-13 | 15min Tripod Trade

This is an example on EURJPY’s of a 15 minute tripod set up. This can be see by looking at 15 pip distance from the 1 min boxes back to the 5 min boxes and the fact that the 15min L2 box is in line with the 1 min box This creates a distinct ‘V’ pattern if you drew a line from the lead 1 min box, to the lower 5 min box through to the upper 15min box.

You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Forex Scalping Strategies | 2016-06-09 EURJPY +7

Forex Scalping Strategies | 2016-06-09 EURJPY +7

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-06-09 EURJPY +7

EURJPY +7 2016-06-09 | Orange To White (Using EURUSD)

This was an orange to white trade on EURJPY. This is was taken on EURJPY not because it was at a specific level, although it had moved down substantially and there were 15 pips back to the 1 min box, but because EURUSD was at significant support. This trade was about using the the EURUSD cross’s parental pairs to determine the entry. If you don’t understand why this is important or or how to effectively trade cross pairs please review our tutorial on forex cross pairs.

You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Forex Scalping Strategies | 2016-06-08 GBPUSD +6

Forex Scalping Strategies | 2016-06-08 GBPUSD +11

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-06-08 GBPUSD +11

GBPUSD +6 2016-06-08 | Orange To White

This is a fairly regulation Orange to White trade. Price is extremely over extended with the 1 min boxes not even showing on the grids indicating they are more than 30 pips away. Further evidence of the extent of the move is the deep orange colour on the 1 min and 5 min time frames. The entry was taken just past the level when price stalled. It is always important to take Price Action into account when entering. In this trade waiting for the price to stall after the level was the key as momentum can take you past the level on swift moves.
More details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Forex Scalping Strategies | 2016-06-06 GBPUSD +6

Forex Scalping Strategies | 2016-06-06 GBPUSD +6

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-06-06 GBPUSD +6

GBPUSD +6 2016-06-06 | 1min Inside Bounce Trade

This is a nice example of a 1 min Inside bounce Trade. The move up has been quick and substantial. The distance between the 1 min boxes is 10 pips and the gap back to the 5 min boxes is over 20 pips . Price has come back to the S2 1 min box with the 1 min S3 a further 12 pips away. With the fib matrix so extended the probability is that price wouldn’t get back to the 5 min box so a i min entry was take at the S2 1 min with 1 min S3 as the stop.
you can learn out more about using forex price action to scalp with the forex Fib Matrix trading software, here

Previous recording Forex Scalping Strategies | 2016-06-02 GBPUSD +7

Forex Scalping Strategies | 2016-06-02 GBPUSD +7

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-06-02 GBPUSD +7

GBPUSD +7 2016-06-01 | Supreme Combo Trade

This is a supreme combo trade (multi time frame resistance). The 1 min R7, the 5 min R3 and the 15 min R1 are all in alignment as price tests the level. The One minute boxes are more than 12 pips below, indicating a sharp retrace from the move down. The trade worked out quickly giving a nice +7 pips.

If you want to learn out more about using forex price action to scalp with the forex Fib Matrix trading software, here

Previous recording Forex Scalping Strategies | 2016-06-01 GBPUSD +7

GBPUSD +7 2016-06-01 | 60 min Bounce Trade

This was a 60 min bounce trade. Cable had moved up but the 60 min time frame was still in a downtrend, The 60 min R1 box had a gap of 15 pips back to 1 min level with further resistance with the 5min R7 at the same level. The trade brought +7 pips

If you want to learn out more about using forex price action to scalp with the forex Fib Matrix trading software, here

Previous recording Forex Scalping Strategies | 2016-05-31 GBPJPY +12

 
This site uses cookies. Find out more about this site’s cookies.