All posts tagged Band Shades

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

GBPUSD +8 pips 2016-05-16 | Orange to White

Here is a very conventional Orange to White trade. Cable has established a down trend (shown by the arrangement of the 1, 5 and 15 min boxes. The box pattern also indicates that this is the second push down. It has hit support on the 1 and 5 min TimeLanes with 10 pips back to the 1 min box. The trade made +8 pips.

Further details and help regarding trading forex price action, with the forex TimeLanes trading software, can be found here

Previous recording Forex Price Action | GBPUSD +8 pips 2016-05-12

USDJPY +7 pips 2016-05-04 | 1HR Bounce Trade

In this trade we have USDJPY moving higher to a bank of resistance across all four time frames with the 5 in S7 and the 1HR box being present. The level worked well producing a net +8 pips.

For more details regarding trading forex price action, with the forex TimeLanes trading software, please click here

Previous recording Forex Price Action | USDJPY+8 pips 2016-05-03

GBPUSD +6 pips 2016-04-04 | Orange to White Trade

GBP/USD Orange to white. Break out the upside on cable, 1, 5 and 5min boxes all grouped together. Price hits resistance in 1 and 15min time frames, 13 pips from the 1 min boxes. Although the trade turns out to be slow it eventually yields +6 pips without, at any point, going very much against our entry

Learn more about the TimeLanes fx trading software indicator here, find out how it can help you develop and trade forex price action strategies.

GBP/USD Price To 1 min Levels +8 pips [2016-03-23]

Just like the previous GBP/USD trade, this is in essence a 5 min trend trade. However we are a different stage of the price cycle. The gap between the 1 min and 5 min boxes has narrowed and price is turn over. This is the third push lower after the initial low and then a trend trade. Generally, we would be watchful about taking a trade on the third movement but here price has retraced quickly tp be 20 pips from the 1 min and at a 5 min resistance. Price never stays far away from the 1 min levels for long so this provides an opportunity to short Cable especially as the longer term trend is still short.

Learn more about the the price cycle and Forex signals the TimeLanes produce

Live Forex Trading Room Trades [Week Eleven 2016]

The TimeLanes provide numerous different trading strategies and a wealth of trading opportunities. In this selection of trades we look at we have chosen a variety of different set ups and explained the reasoning behind each trade that was taken. If you learn to understand the way that often price cycles through a variety of stages trading opportunities become much more apparent. The dynamic nature of the TimeLanes shows the various stages of the price cycle in the patterns that are formed on the grids making recognising the stage at which price is at easier.

GBPUSD +6 pips [2016-03-15]

GBPUSD +7 pips 60 min Bounce Trade

GBPUSD move down to its 60 min box which is around 14 pips from the 1 minute boxes. The R1 & 2 boxes on the 1min are crossing indicating a change in short term momentum. The boxes on the 1 min time frames are indications of stronger support or resistance and if the 1 min boxes are 15 or more pips away increasing the probability of price stalling and or retracing at the level.

EURAUD +7 pips [2016-03-15]

EURAUD +7 pips 1 min Pre-emptive Reversal

EURAUD is in a Pre-emptive reversal pattern on the 1 min time frame with the S1 and S2 crossing over and price retesting the R3. This type of trade happens after a swift move up meets substantial resistance. The trade is taken when the S1 and S2 boxes have crossed and when shorting and are below the R3

GBPUSD +8 pips [2016-03-17]

GBPUSD +8 pips 5 min Reversal Trade

GBPUSD is in a reversal pattern as it looks to retest its lows. With the 1 min boxes over 20 pips away this gives an opportunity to go long at the 5min box with supporting 1 min level. This produced +6 half and +10 on balance giving +8 average

GBPUSD +8 pips [2016-03-18]

GBPUSD +8 pips Orange To White

In this Orange to White trade GBPUSD has dropped sharply down to a 1 min level. Although the supporting level on the 1 min is 20 pips away from 1 min boxes it has an increased risk as there are no supporting levels on the other time frames thus the trade was taken with reduced risk.

The above trades represent some of the live Forex trading room trades for Week Ten of 2016. Various forex TimeLanes set ups are covered and we try to mix up the trades as much as possible to show you different types of trades and set ups taken.

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

Learn To Trade Forex. Chris’ early London session on Thursday saw an early move down on EURUSD. With an 15min L7, band shades and being over 10 pips back from the 1 minute boxes Chris saw it as an opportunity to go long. He was rewarded with +7 pips.

Forex live trading room [Forex Trading in 30 seconds] 2015-09-10 EURUSD +7 pips

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

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