All posts tagged EURUSD

Forex Trade Management: Forex Live Trading Room 2015-03-26 EURUSD break even

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The main aim of uploading all these trades is not necessarily just show you how good we are, and yes we are good 🙂 but as well as teaching the strategies to provide learning tools so that you can see how professional scalpers trade and how they manage trades. Thus, we will continue to put up break even and losing trades as well because you can often learn a lot more from these and ultimately how you handle these trades will go a long way to making you a successful trader.

Another busy day trading but the early London Session produced an excellent example of how to manage a trade. Although the trade ended break even is provides a textbook example of how you should manage a trade. Chris took an Orange To White trade short after EURUSD made a break to the upside. He identified an area of resistance, indicated by the band shades, on the Tiger Time Lanes forex software, and went into the trade with clearly defined goals. As the trade moved in his direction he manually manipulated the stop settings to first reduce his risk then to bring the top to a break even position after the trade went +5 in his favour, this effectively providing him with what we call a “free trade” where uless something very unusual happens he can’t lose and the trade has only upside. In this case price rebounded back taking him out at break even but it is good practice to try to manage your trades so that you are continually looking to minimize risk.

Today’s London session saw EURUSD make an assault on the 1.10 level, moving up 60 pips quickly. 1.10 proved to hold strong resistance but the strength of the move indicated to Paul that another attempt might be made. He waited for price to retrace to the L3 disk and edge of the White Zone as EURUSD had made a new high. When price hit the L3, Paul jumped into the EURUSD long. He planned his trade so he had room to add lower down but this didn’t prove necessary with the trade Yielding +6 ang +12 on the remaining part.

It is another good example of how accurate the Tiger Time Lanes forex software can be in being able to pin point entries. It was a great example of an L3 edge of the white zone trade.

Monday’s New York session proved to be quite volatile. One interesting trade that Kash took was a EURUSD short. EURUSD had moved up over 160 from its Asian low way beyond the average daily range. Kash noted that after a high and a retracement a new high failed to be made and took this as a signal that the move could be stalling so decided to short the pair. The trade was very effective with +6 and +14 on the second part of the trade being taken. This ia a particularly good example of how indicators such as Average Daily Range and the Tiger Time Lanes can be used in conjunction with each other to create a very powerful trading signals.

Live Forex Traders Room 2015-03-13 #EURUSD +6 : Multi Time Frame Combination Trade

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Friday, the last day of the trading week and another good example of a Multi Time Frame Combination Trade (Supreme Combo). This time it is on Euro and price action is good. Euro had had a bit of a respite and had moved up at the end of the Asian and beginning of the London session. When this move retraced provided the perfect conditions for a The Multi Time Frame set up to start to form on the Tiger Time Lanes Forex software. The opportunity to take the trade however only comes if price moves into the set up zone. Here it did, with enough of a distance back to the one minute disk for it to provide a high probability trade. Paul entered EURUSD long and the Multi Timeframe combination level and took a nice +6 pips. In fact the set up proved to be very strong with several of the guys in the room making more.

Live Forex Trade Room 2015-03-12 #EURUSD +13pips : Orange To White

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Thursday saw another lively New York session. EURUSD continued its decline. Being unable to find a safe place to take Euro short (sell) with the trend, Kash looked for high probability Orange to White opportunities to capitalise with high probability of a pull back. Here he finds a good support area and ultimately collects a nice +13 pips from the trade.

The forex trade room was busy on Thursday with this short on EURUSD (Euro) being the best of the trades. In this trade Kash uses the white zone to great effect. EURUSD has been offered (being sold) throughout the New York session. After making a new low it has retraced to the bottom of the Tiger Time Lanes White Zone on the 1 minute time frame.Indeed this proved to be the case with the trade grossing +15 pips.

This is a great example of a white zone trade. This is where price has made a new high or low and the grid is stretched, ie the there larger than usual distances between the discs on the 1 minute lane and between the discs on the 1 minute and 5 minute lanes, then the edges of the white zone on the 1 minute lane become powerful support and resistance levels for forex scalping trades.

We are Continually building on our reputation for running a forex trading rooms with great performance, if fact it is probably the best forex trade room online. If you are interested in experiencing how you can benefit from trading with professional traders with forex strategies that work then you can come along and experience our live forex trading room free.

Using For Pivot Points with Tiger Time Lanes Band Shades: Live Forex Trade Room 2015-03-04 EURUSD +6 pips

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Wednesday’s London Live Forex Trade Room session was gerally very quiet but toward the it Euro started to move short (go down). Paul saw a possible take a orange to white trade (revision to the mean) with a twist. The price had diverged more than 12 pips away from the L1 disk level, on the 1 minute time frame, and was just about at the 15 minute band shade. Paul also saw, that the S3 support pivot was at 1.1117 and had yet to be touched that day. This gave him confidence to take EURUSD long (buy EURUSD) as he had multiple indicators confirming the trade. Although taking longer than initially thought the forex trade worked out well producing +6 pips.

Live Forex Trade Room 2015-02-26 +25 Pips From Three More Trades

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This is a compilation of the the last three trades of Thursday’s the New York the session from the forex trade room. Kash’s trading remained good with the trades netting him +25 pips with and aanother +30 pips being taken on the running positions. Without doubt it is an exhibition of exceptional forex scalping technique using the Tiger Time Lanes forex software.

One of the most important lessons to take away from this session is the simplicity of the technique that Kash uses. He is always in control of each of the forex trades and ensures that his risk is under control. In addition you will notice he guides the room members through each trade explaining exactly why he has taken the trades. Watching seasoned professionals trade is a good way to pick up tips and learn from their experience.

You can find the first three trades of the session using the below links:
Orange To White Trade: Live Forex Trade Room 2015-02-26 EURUSD +9 Pips
Handling Losing Trades: Live Forex Trade Room 2015-02-26 NZDUSD -5 Pips
Under Over Trade: Live Forex Trade Room 2015-02-26 EURUSD +7 Pips

Orange To White Trade: Live Forex Trade Room 2015-02-26 EURUSD +9 Pips

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This was a real quick fire trade. EURUSD makes a run for the downside Kash identifies a good “Orange to White” support area. It bounces beautifully off of it anf in less than 30 seconds he has +9. This really shows the effectiveness of the Tiger Time Lanes forex software in being able to accurately target forex trade entries for scalping / pipsniper trading strategies. The Trade Room makes a perfect environment to be able to collectively capture lots of these this type of trade.

 
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