All posts tagged Fib Matrix

Fib Matrix Forex Scalping Strategies | 2016-07-19 GBPUSD +8

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GBPUSD +8 2016-07-19 | 1 min Preemptive

This is a 1 min preemptive reversal trade on cable. The move down was sharp as can be seen by the spread out nature of the GBPUSd Fib Matrix. However the move has bottomed out, and although the 1 min boxes have yet to cross there is support on the 1 min, 5 min and 60 min timeframes. The trade worked out nicely for +8 pips with price retracing to the white zone.

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

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

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

Categories: Live Forex Trades
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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

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

Categories: Live Forex Trades
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EURJPY +16 2016-07-14 | 5 min Reversal Trade

This was a 5 min reversal trade on EURJPY. Both the EURJPY and the USDJPY are showing the reversal; pattern with price on both pairs being at the reversal entry (the point of the V if you draw a line through the 1 min boxes to the bottom 5 min boxes back to the 15 min boxes).Two moderators take positions, although they enter at different times, with the first trade making +7 and the second trade making +7 on the first half with +12 on the balance.

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

Previous recording Fib Matrix Forex Strategies| 2016-07-13 GBPUSD +8

Fib Matrix Forex Strategies| 2016-07-13 GBPUSD +8

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GBPUSD +8 2016-07-13 | 1 min trend trade

This is a 1 min trend trade. Cable has moved down sharply. On its initial retrace a short is taken at the 1 min box because of the stretched out nature of the grids, the lead 5 min box being 25 pips away from the lead 1 min box. Momentum is still strong to the downside with all timeframes in a downtrend so the trade is entered at the first 1 min box.

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

Previous recording Fib Matrix Forex Strategies | 2016-07-12 EURJPY +7

EURJPY +7 2016-07-12 | 60 min bounce trade (Using EURUSD)

Using the Fib Matrix, this is a 60 min bounce trade on EURJPY with further resistance provided by by the 5 min L7 and the 1 mins being nearly 20 pips away. The entry is determined by EURUSD which is also at strong resistance across the 5 min, 15 min and 60 min timeframes

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

Previous recording Fib Matrix Forex Scalping Strategies | 2016-07-12 EURJPY +7

Fib Matrix Forex Scalping Strategies | 2016-07-07 GBPJPY +6

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GBPJPY +6 2016-07-07 | Orange 2 White (Using GBPUSD)

This is a GBPJPY trade using GBPUSD. If you have followed these scalping trades over the last year you will understand the importance of the relationships between each pair. Here we are shorting GBPJPY but are using GBPUSD as our entry guide. As you will see GBPJPY has moved up so sharply that the 1 min boxes are not in view.We are not at any specific resistance on the pair although the 1 min lanes show darker shades of orange indicating overbought state. If you look at the GBPUSD TimeLanes though you will see that it is in a classic extended reversal pattern. Kash used the GBPUSD as his que and made a quick 6 pips on Cable.

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

Previous recording Fib Matrix Forex Strategies | 2016-07-04 GBPUSD +8

Fib Matrix Forex Strategies | 2016-07-04 GBPUSD +8

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GBPUSD +8 2016-07-04 | Orange 2 White (Using EURGBP)

This Cable trade is an orange to white but is actually based on the EURGBP pair. During the London session the EURGBP can have considerable bearing on the direction of both Euro and Cable. Here, EURGBP was moving up sharply and GBPUSD was moving down. As EURGBP was driving the market, instead of waiting for GBPUSD to reach its level, the trade was taken when EURGBP hit resistance.

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

Previous recording Fib Matrix Forex Strategies | 2016-06-30 EURJPY +7

Fib Matrix Forex Strategies | 2016-06-30 EURJPY +7

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EURJPY +7 2016-06-30 | Orange 2 White (Using Euro)

This is an Orange 2 White trade on EURJPY cross using Euro,the cross’s parental pair as the guide and determiner for entry. Here EURJPY is over extended on it move up, so much so that the band shades are deep orange and the 1 min boxes are not yet showing. Euro, hoever has reached resistance at the bottom edge of its 60 min white zone. If you don’t understand the relationship between Euro and EURJPY then review our video on cross pairs which you can find here.

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

Previous recording Fib Matrix Forex Strategies | 2016-06-29 EURUSD +6

Fib Matrix Forex Strategies | 2016-06-29 EURUSD +6

Categories: Live Forex Trades
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EURUSD +6 2016-06-29 | 1 min Trend Trade

This is a 1 min trend trade. In addition it is a good example of the step pattern that the boxes make when a good trend has formed. In this trade Kash has decided to take the entry at the 1 min boxes allowing himself room to add if necessary at the 5 min boxes. Picking the perfect place to take the trade depends a lot on “price action” here it has been strong hence the 1 min entry. Ideally the 5 min entries provide the highest probability of success. Of course if you wait for that you might not get your entry so you have to make a decision based on the prevailing market conditions.

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

Previous recording Fib Matrix Forex Strategies | 2016-06-28 GBPUSD +10

GBPUSD +10 2016-06-28 | Extended Reversal

This is a classic extended reversal trade, aided by the presence of the 5 min L3. Post Brexit moves have been fast and extended. Here Cable has moved down but has retraced. This can be seen by the formation of the boxes and extended gaps between them. Price has then moved down to test the level beyond the 5 min box which is 5 min L3. On reaching this level it snaps back quickly to give +10 pips.

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

Previous recording Fib Matrix Forex Strategies | 2016-06-27 EURUSD +8

 
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