All posts tagged Inside Bounce

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

Categories: Live Forex Trades
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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 | 2016-06-06 GBPUSD +6

Categories: Live Forex Trades
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GBPUSD +6 2016-06-06 | 1min Inside Bounce Trade

This is a nice example of a 1 min Inside bounce Trade. The move up has been quick and substantial. The distance between the 1 min boxes is 10 pips and the gap back to the 5 min boxes is over 20 pips . Price has come back to the S2 1 min box with the 1 min S3 a further 12 pips away. With the fib matrix so extended the probability is that price wouldn’t get back to the 5 min box so a i min entry was take at the S2 1 min with 1 min S3 as the stop.
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 | 2016-06-02 GBPUSD +7

GBPJPY +8 2016-05-19 | 1 min Inside Bounce

This is a 1 min Inside Bounce trade, a rare trade that generally needs very specific circumstances. An inside bounce trade on any time frame is where the trade is taken from the second box (R/S 2 box) and traded back to the first box (R/S 1 box). The R/S 3 usually acts as the stop. In this case the move had stretched out the boxes and levels to such an extent that only the 1 min boxes and S3 were showing. In this trade, entry was made at the S2 box with the target of the R1 box. The stop though would not have been the S3 as this would have been too far away. In any event the trade worked out nicely for +8 pips.

More details and further help regarding trading forex price action scalping, with the forex Fib Matrix TimeLanes trading software, can be found here

Previous recording Forex Price Action | 2016-05-18 EURAUD +7

 
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