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GBPUSD +10 pips 2016-04-22 | 5 min Trend Trade

This a classic 5 min trend trade. Price has broken out long making a new session high before retracing back to the 5 min boxes. There is further clusters of support on the 1 min and 15 min time frames with a nice 10 pip back to the 1 minute boxes. There are additional defensive support levels with the 1 min S7 at 79 and the 5 min S3 and 15 min box at 73 and 72. The nice stepped nature of the 1, 5 and 15 minute boxes with good gaps between each indicate that this is a strong upward trend and indeed, it provided an easy +10 pips

A lot more information about trading forex price action, with the forex TimeLanes trading software, can be found here

Previous recording Forex Price Action | EURUSD +8 pips 2016-04-21

Live Forex Trading EURUSD [2016-01-14]

Thursday saw Chris take a nice example of a 15 min Trend trade on EUR/USD (Euro). After a move up on Euro in the Asian session, price retraced back through the levels to back down to the second 15 min box, in conjunction with additional support on from the 5min L7 and the 1HR l7 box just below. With a nice gap back to the 1 Min levels Chris went long and after a short period of price probing the level, price returned to the 1 Min levels and he took a comfortable +8pips.

Live Forex Trading EURUSD

Forex Live Trading [2015-09-11 GBPUSD +8]

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Forex Live Trading. Friday’s London session got off to a brisk start. GBPUSD began falling prior to news and Paul was concerned about going into a trade just before news. However he noticed that not only was there two band shades but also the Daily Pivot. With a tight stop he went long and was rewarded with +8 pips in double quick time.

Forex Live Trading [Forex Trading in 30 seconds] 2015-09-11 GBPUSD +8 pips

Below, the 2015-09-10 GBPUSD trade condensed into 30 seconds.

 
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