All posts tagged GBPUSD

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

Categories: Live Forex Trades
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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

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

Categories: Live Forex Trades
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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

GBPUSD +8 2016-05-20 | 1 min Pre-Emptive Reversal

This trade is a 1 min pre-emptive reversal. There has been a move up on cable but has retraced. This is the second push up but the S1 and S2 boxes have crossed on the 1 min indicating that short term momentum has changed. Cable is therefore shorted bringing in +6 on the first half and +10 on the second giving a net +8 pips.

You can get further help regarding trading forex price action scalping, with the forex Fib Matrix trading software, can be found here

Previous recording Forex Price Action | 2016-05-19 GBPJPY +8

GBPUSD +9 pips 2016-05-05 | Extended Reversal

This a nice example of an extended reversal on GBPUSD. This set up happens when a pair has been trending in one direction makes a new short term high or low and then retraces. As often happens the market often tries to retest the level. This creates the check mark pattern with the boxes. We look to take the 1 or 5 min level beyond the lowest 5 min box. This trade worked out very well producing a net +10 pips.

For further information about how to trade forex price action, with the forex TimeLanes trading software, please click here

Previous recording Forex Price Action | USDJPY+8 pips 2016-05-04

GBPUSD +10 pips 2016-04-26 | Orange To White

This is a Orange to White trade on GBPUSD. Here, GBPUSD has moved very sharply to the long side. So fast is the move that the 1min boxes have not even appeared yet. This means price is over 25 pips away from the 1 min boxes. The key to this trade lies though with GBPJPY. For those that understand how the pairs interact GBPJPY is also moving long fast but it has hit a cluster of resistance on the 1 and 15min time frames; note the deep orange shade on the 1 min time frame which signifies it is overbought. We use this as a trigger for going short on GBPUSD which yields +10 pips.

More information on how to use crosses to help determine trade entries can be found here:

Further information about trading forex price action, with the forex TimeLanes trading software, please click here

Previous recording Forex Price Action | GBPJPY +10 pips 2016-04-25

EGBPUSD +6 pips 2016-04-20 | Counter Trend Trade

This is a counter trend trade on GBPUSD. 1 min boxes over 23 pips away from the 5 min bandshade at 4309. Note the deep orange of the time frame below the five minute support. This, together with the larger than normal distance back to the 1 minute boxes suggests that price is considerably over extended. With further support levels, at 4303 and below figure at 4297, there is also a second line of defence for the level. In fact the 5 min level holds well and +6 pips are quickly scalped.

If you are interested you can learn more about trading forex price action using the forex TimeLanes trading software here.

Previous recording Forex Price Action | EURJPY +6 pips 2016-04-13

#GBPUSD +6 pips 2016-04-12| 5 min Trend Trade

GBUSD 5 minute trend trade.Cable has move up and retraced back to the the 5 min box. The boxes for the 1, 5 and 15 min time frames are spread out indicating good momentum to the long side. The one cavet was that the 1 min white zone had shrunk and price in the short term can be pulled toward this. The trade took a while to play out and indeed price did dip down to touch the 1 min white zone. When taking these tend trades you have to make a judgement call with regard to the best place to enter. If we had decided to wait for the 1 min white zone, price may never have got there. We could have looked to scale in our entry (although here the white zone was too close for an add) and infact that is what Kash had intended at the 5 min white zone.Price however, didn’t go more than 4 pips against so we didn’t get the opportunity to add.

Find out more about the forex TimeLanes trading software here.

#GBPUSD +10 pips 2016-04-11| 1 min Trend Trade

This is a GBPUSD trend trade on the 1 min time frame, Price has risen sharply with only the 1 min min boxes visible and even these have a large gap between them. In these circumstances 1 min trend trades become viable as we look to harness the trend momentum on the first pull back.Here, price here has retraced to the first 1 min box and the time frames have no resistance levels showing above the entry price. Half the position is taken for +7 with the balance taken for +13 giving +10 net profit.

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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).

You can find out more about the TimeLanes forexx trading software click here, learn how it can help you develop effective and profitable forex price action strategies.

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.

 
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