All posts tagged 15 minute trend trade

Fib Matrix Forex Strategies | 2016-07-15 USDJPY +6

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USDJPY +6 2016-07-15 | 5 min 15 min Trend Trade

This fib matrix trade on USDJPY is a classic 15 min trend trade, helped by support of the L3 on the 5 min timeframe. This is the third part of the price cycle. Price has moved up then retraced back to the 5 min box the move up again to set swing high before retracing to test the 15 min L1. The trade was taken here producing a very quick +6 pips.

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

Previous recording Fib Matrix Forex Strategies | 2016-07-14 EURJPY +16

Live Forex Trading Room Trades [Week Nine 2016]

GBPUSD +6 pips [2016-02-29]

GBPUSD +6 pips supreme combo

Cable has moved up in early London trading to make a session high before retracing back to a block of support on the 5 min, 15 min and 1HR time frames with the 1minute boxes over 15 pips away and the white zone had shrunk. The pattern shows the 1 min, boxes leading the 5 min boxes indicating the trend long is still strong. The trade produced +6 pips.

GBPUSD +9 pips [2016-03-01]

GBPUSD +9 pips 15 min Trend Trade

Cable retraced back down to the 15 min L2 after an early move up. This is a great example of a fifteen minute trend trade. the 1 min, 5 min, 15 min & 60 min boxes are all in the correct stepped alignment with the gap back to the 1 min boxes of 25 pips indicating a strong trend up existed. This proved to be the case with cable delivering +9 pips.

EURAUD +6 pips [2016-03-02]

EUR/AUD +7 pips Supreme Combo

EUR/AUD moved up sharply shortly after New York open making new highs before retracing back to major multi time frame term support on the 1 min (L7), 5 min (L3) and the 15 min (L1) (Supreme Combo Level ). In addition the 1 min boxes led the 5 min boxes indicating a strong trend up remained with a 20 pip gap from price back to the 1 min boxes.

GBP/USD +7 pips [2016-03-03]

GBPUSD +7 pips Multi Level Resistance

Cable had moved down and made new session lows before retracing back to the a block of significant resistance on three time frames the 1 min L7, 5 min L3 and 15 min L1. with the one minute boxes leading the 5 minute boxes. This pattern of multi level resistance and has a high probability of success. In this case the trade too much longer than usual but yielded +7 pips for the scalp.

GBPUSD +8 pips [2016-03-04]

GBP/USD +8 pips Orange To White

Early London trading saw GBP/USD fall quickly with morning flows giving us good orange to white opportunities. The price moved quickly down to a level on the 1 min time frame which was 20 pips away from the 1 minute boxes which presented a good opportunity for a retracement back producing +8 pips.

The above trades represent some of the live Forex trading room trades for Week Nine of 2016. Various forex TimeLanes set ups are covered in this selection with emphasis on multi level support and resistance on retacements from a trending market on 5 min, 15 min and 60 min time frames.

Forex scalping live 2016-02

EURUSD +6 pips [2016-02-19]

EURUSD +6 pips four column resistance

Euro was trading in a range during the early London session with a nice 4 column resistance level 10 pips away from the 1 minute boxes. Shorting at the resistance brought in 6 pips.

GBPUSD +8 pips [2016-02-22]

GBPUSD +8 pips White Zone Trade

This orange to white trade took longer than would normally have been expected and usually we would have timed ourselves out of the trade after 10 minutes. However, it this instance it was kept and the position was added to and in the end produced +8 and +7 pips.

GBPUSD +6 pips [2016-02-23]

GBP/USD +6 pips 15 minute resistance

So far this year cable has been volatile. In this trade cable is recovering from losses in the Asian session and has moved back thirty pips from the one minute box . 2 band shades on the one minute and the 15 minute provide a good entry point and and cable is shorted here for 6 pips with reduced risk because of volatility.

GBP/USD +6 pips [2016-02-24]

GBPUSD +6 pips white zone shrinks

Another orange to white trade, but this time the gap back to the one minutes is just 8 pips, normally too close to take the trade. However, the 1 minute white zone has shrunk and this is a good indicator that price is likely to retrace.

GBPUSD +7 pips [2016-02-25]

GBP/USD +7 pips 15 minute trend

This is a good example of a 15 minute trend trade. After a strong move up, cable has retraced deep, finding a substantial short term support zone on the 15min time frame with help from the L7 on the 1 minute and the 5 minute level. The trade worked out for an initial 7 pip scalp with the move eventually yielding 25 pips for those that held for more than the initial scalp.

To see why this is important watch the video series on cross currency correlations. Part One Part Two & Part Three

Forex Trade Management: Forex Live Trade Room 2015 03 30 #GBPUSD +7

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A new week, with the quarter and the financial year is coming to a close tomorrow price action should be good. Paul however is laid low with a heavy cold but still manages to do his mic session.

Cable (GBPUSD) has made a low in early London before retracing back. One of the great things that the Tiger Time Lanes Forex software does is show you exactly where in the price cycle you are at any given moment. In this case the price cycle proceeded in the usual way with a retracement followed by another drop, but only posting a higher low (often good for extended reversal trades) before retracing back higher. Paul looked at the time lanes and identified the 15 minute levels. He waited or price to stall and initially took a short at 1.4860. The trade went quickly in his favour so he placed a stop at break even to give him a free trade. However price moved back to stop him out. He then waited for the higher level at 1.4866 and went short again. Again price went in his favour and again he quickly moved his stop to break even. This time, price continued short and gave him a nice +7 pips.

In both instance he moved his stop to breakeven to give him free trades. This tactic not only allows him to effectively have a free trade, but also reduces risk and helps with trading psychology. One of the goals of the 24hr trading room is to minimize risk as much as possible. A further example of good forex trade managenet.

15 minute Trend Trade: Forex Live Trading Room 2015-03-25 +8 and +16 pips

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To keep with the recent trend price action was again volatile during the New York session. GBPUSD rose sharply and then fell on the back of worse than expected Durable Goods data coming out of the US. This movement gave Kash the chance of a long on GBPUSD. The main issue was where to get in. With the volatility Kash chose to wait until the safest entry point which was the L2 on the 15 minute time lane. With additional support on the 60 minute it wad a good area for a long. Price duely retraced back to this level and Kash went long taking +8 and +16 on the balance.

This is a good example of how having an experienced trader to watch and learn from can stop you making expensive mistakes. Many may have chosen to go long earlier but Kash’s experience told him where the safest entry was likely to be and so it proved. This is one of the major advantages of being a member of our 24hr Forex Trade Room. You have experienced traders that can guide you. If you are an inexperienced trader the guidance from the moderators can be invaluable and can help fill the experience gap.

 
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