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Forex Trading 2015-08-10

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Forex Trading Room 2015-08-10 GBPUSD +5 & +11 pips

In the London session momentum was to the downside on cable so Paul took a 1 minute short on #GBPUSD getting +5 and +11 on balance.

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[Forex Trading in 30 seconds] 2015-08-10 GBPUSD +5 & +11 pips

Below, the 2015-08-10 GBPUSD +5 & +11 pips condensed into 30 seconds.

Forex Trade Management: Forex Live Trade Room 2015 03 30 #GBPUSD +7

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A new week, with the quarter and the financial year is coming to a close tomorrow price action should be good. Paul however is laid low with a heavy cold but still manages to do his mic session.

Cable (GBPUSD) has made a low in early London before retracing back. One of the great things that the Tiger Time Lanes Forex software does is show you exactly where in the price cycle you are at any given moment. In this case the price cycle proceeded in the usual way with a retracement followed by another drop, but only posting a higher low (often good for extended reversal trades) before retracing back higher. Paul looked at the time lanes and identified the 15 minute levels. He waited or price to stall and initially took a short at 1.4860. The trade went quickly in his favour so he placed a stop at break even to give him a free trade. However price moved back to stop him out. He then waited for the higher level at 1.4866 and went short again. Again price went in his favour and again he quickly moved his stop to break even. This time, price continued short and gave him a nice +7 pips.

In both instance he moved his stop to breakeven to give him free trades. This tactic not only allows him to effectively have a free trade, but also reduces risk and helps with trading psychology. One of the goals of the 24hr trading room is to minimize risk as much as possible. A further example of good forex trade managenet.

Forex Live Trading Room 2015 03 24 #GBPUSD +7 and +24 pips

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The New York session was again action packed with Kash taking multiple trades. The trade that stood out was the a short GBPUSD (cable) trade. Cable had had an up and down day but had found support around 1.4900. However, in the aftermath of the US inflation figure cable broke through the support. Kash watch for it to come back to close to the previous support level in the 1.4890’s and using the bases that support becomes resistance went short on cable. The trade was very profitable bringing in +7 and +24 pips

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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.

Forex Live Trade Room 2015-03-12 #GBPUSD +5 pips : Multi Time Frame Combination Trade

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London proved rather frustrating for Paul. He had to wait until right at the end of his session to get a good trading opportunity. It presented itself in the form of the Supreme Combo on GBPUSD. Although not quite perfect as a set up it was good enough for him to grab +5 pips.

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.

 
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