All posts tagged Fib Matrix

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

Categories: Live Forex Trades
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EURUSD +8 2016-06-27 | 60 min Bounce Trade

This is a good example of a 60 min Bounce trade. Price has pushed up toward the second 60 min box and is 17 pips away from the 1 min boxes. 60 min levels are by far the strongest levels, although can sometimes require room, Here the upper 60 box pushes price back toward the 1 min box for +8 pips

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 | 2016-06-14 GBPUSD +6

GBPUSD +6 2016-06-14 | Preemptive Reversal

This GBPUSD trade is an example of 1 min preemptive reversal. Here after a sharp move up the 1 min L1 and L2 have crossed over on the 1 min timeframe and the white zone has shrunk. In addition the 5 min boxes are more than 20 pips away meaning there is good scope for a retracement down. The condition of the white zone is important in than if it expands it tends to push price away while when it contracts price is drawn to it.
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 | 2016-06-14 USDJPY +7

Forex Scalping Strategies | 2016-06-14 USDJPY +6

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USDJPY +6 2016-06-14 | 15 min Inside Bounce

This USDJPY short is a 15min inside bounce trade. With an inside bounce trade we look to take the trade from the second box L2 back to the first box L1 with the L3 usually being the stop but in this case it was too far away so a small stop was placed above. This trade is taken on the retracement to the L2 after the move down on the 15 min time frame.
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 | 2016-06-13 EURJPY +7

Forex Scalping Strategies | 2016-06-13 EURJPY +7

Categories: Live Forex Trades
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EURJPY +7 2016-06-13 | 15min Tripod Trade

This is an example on EURJPY’s of a 15 minute tripod set up. This can be see by looking at 15 pip distance from the 1 min boxes back to the 5 min boxes and the fact that the 15min L2 box is in line with the 1 min box This creates a distinct ‘V’ pattern if you drew a line from the lead 1 min box, to the lower 5 min box through to the upper 15min box.

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 | 2016-06-09 EURJPY +7

Forex Scalping Strategies | 2016-06-09 EURJPY +7

Categories: Live Forex Trades
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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

Forex Scalping Strategies | 2016-06-08 GBPUSD +11

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GBPUSD +6 2016-06-08 | Orange To White

This is a fairly regulation Orange to White trade. Price is extremely over extended with the 1 min boxes not even showing on the grids indicating they are more than 30 pips away. Further evidence of the extent of the move is the deep orange colour on the 1 min and 5 min time frames. The entry was taken just past the level when price stalled. It is always important to take Price Action into account when entering. In this trade waiting for the price to stall after the level was the key as momentum can take you past the level on swift moves.
More details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Forex Scalping Strategies | 2016-06-06 GBPUSD +6

Supreme Combo | Fib Matrix TimeLanes Set Ups

Categories: Forex Training, Trading Set Ups
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Fib Matrix Timelanes | The Supreme Combo

The Fib Matrix TimeLanes offer a multitude of trading possibilities right through the trading day. A relatively new set up that has been developed is the Supreme Combo. It is a trade which combines key levels across the 1 min, 5 min and 15 min time frames and as a result has a very high trading success rate. This trade usually develops from a breakout of a tight range. As price retraces from the move the 1 min L7, 5 min L3 and the 15 min L1 box fall into a line as the same price point (you can allow up to 5 pip range for the set up still to be valid). The trade is taken when price reaches the Supreme Combo level and the target can either be the 1 min boxes or a set number of pips.

Live Trade Examples of Supreme Combos

You will see below that we have broughy together a series of live trade examples of the Supreme Combo set up being taken.

GBPUSD +7 2016-06-01 | Supreme Combo Trade

This is a supreme combo trade (multi time frame resistance). The 1 min R7, the 5 min R3 and the 15 min R1 are all in alignment as price tests the level. The One minute boxes are more than 12 pips below, indicating a sharp retrace from the move down. The trade worked out quickly giving a nice +7 pips.

Forex Price Action | GBPUSD +8 2016-05-26

This is a textbook Supreme Combo trade. Price has broken out to the upside and retraced back to the Supreme Combo level. This is circled in red and you will see that the 1 min S7, the 5 min S3 and the 15 min S1 are all within a couple of pips of each other and there is a gap of 10 pips back to the 1 min boxes. The trade is taken long at this level and produces a quick +8 pips

Forex Price Action | GBPUSD +6 pips 2016-02-29

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 1 minute 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.

Forex Price Action | EURAUD +6 pips 2016-03-02

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.

 

Forex Scalping Strategies | 2016-06-02 GBPUSD +7

Categories: Live Forex Trades
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GBPUSD +7 2016-06-01 | Supreme Combo Trade

This is a supreme combo trade (multi time frame resistance). The 1 min R7, the 5 min R3 and the 15 min R1 are all in alignment as price tests the level. The One minute boxes are more than 12 pips below, indicating a sharp retrace from the move down. The trade worked out quickly giving a nice +7 pips.

If you want to learn out more about using forex price action to scalp with the forex Fib Matrix trading software, here

Previous recording Forex Scalping Strategies | 2016-06-01 GBPUSD +7

GBPUSD +7 2016-06-01 | 60 min Bounce Trade

This was a 60 min bounce trade. Cable had moved up but the 60 min time frame was still in a downtrend, The 60 min R1 box had a gap of 15 pips back to 1 min level with further resistance with the 5min R7 at the same level. The trade brought +7 pips

If you want to learn out more about using forex price action to scalp with the forex Fib Matrix trading software, here

Previous recording Forex Scalping Strategies | 2016-05-31 GBPJPY +12

Forex Scalping Strategies | 2016-05-31 GBPJPY +12

Categories: Live Forex Trades
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GBPUSD +10 2016-05-31 | 5 min Trend Trade

This is a nice example of a 5 min trend trade. GBPJPY has made a session high and has retraced back to the 5 min box with the 1 min boxes 15 pips way. There are further support levels on both the 1 min and 15 min timeframes. Although unneeded in this trade there was a potential adding position 10 pips below which having the 5 min S2 and 15 min S2 was a strong position in itself. Although not visible GBPUSD was also moving up with USDJPY at support. It is always important to check the parental pairs of any cross you are trading.

You can learn out more about using forex price action to scalp with the forex Fib Matrix trading software, here

Previous recording Forex Scalping Strategies | 2016-05-27 GBPUSD +10

 
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