All posts tagged Adding Strategy

GBPUSD +7 pips 2016-04-07 | Preemptive Reversal

This cable trade was an aggressive preemptive reversal trade on the 1 min tim frame off the S3. The rationale behind the trade is that after a move down the S1 has crossed back over the S2 and S3 and that the momentum has turned around. There is risk in this trade as we are relying entirely on the 1 min time frame, Initially, the trade went against Kash, but a careful add lower down saw him able to recover at -2 +9 (net +7).

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EURAUD +7 pips 2016-04-06 | Orange to White

This is an Orange to White trade. EUR/AUD has broken out to the downside and has reached a staggered support level across all four time frames. The initial entry is a little premature but there is an add opportunity at the support on the 60 min time frame which allows Kash to mark a couple of pips on the first entry and +7 on the add.

If you want to find out more about the TimeLanes forexx trading software click here, learnhow it can help you develop and trade forex price action strategies.

GBPUSD +10 pips 2016-04-01 | Trend Trade Off 1 Min Time Frame

This is a 1 min trend trade. They are usually taken when price has moved a long way and fast and then retraced. These can be risky to there is often no line of defence behind the 1 min boxes, the 5 min boxes and levels usually being a long way away. Here the first entry on GBP/USD didn’t work so, Kash added to his position at the next level and made +10 pips net from the trade.

You can find out more about the TimeLanes software and to use it to find forex trading signals, here

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