All posts tagged Live Forex Traderoom

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

Categories: Live Forex Trades
Comments Off on Fib Matrix Forex Scalping Strategies | 2016-07-07 GBPJPY +6

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

Categories: Live Forex Trades
Comments Off on Fib Matrix Forex Strategies | 2016-07-04 GBPUSD +8

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 | 2016-06-29 EURUSD +6

Categories: Live Forex Trades
Comments Off on Fib Matrix Forex Strategies | 2016-06-29 EURUSD +6

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 +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 | 2016-06-09 EURJPY +7

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-06-09 EURJPY +7

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

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-06-08 GBPUSD +11

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

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

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-06-06 GBPUSD +6

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

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

Categories: Live Forex Trades
Comments Off on Forex Scalping Strategies | 2016-05-31 GBPJPY +12

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

GBPUSD +10 2016-05-27 | 60 min Bounce Trade

The current market volatility around Brexit has seen the prevalence of trading set ups not often seen in recent years. One is the 60 min Bounce Trade which this is a textbook example. The 60 min Bounce trade usually occurs when an extended move has taken place followed by a rapid and large retracement. Here you will see the trade is taken when price reaches the R2 60 min box. In addition there are further resistance levels on both the 5 and 15 min timeframes. As you will also note the 1 minute boxes have yet to appear (more than 30 pips away) indicating the speed and extent of the retracement. This is an ideal setup as the S1 box is leading the R1 box on the 60 min timeframe meaning that the trend is still down on this timeframe.

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

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

GBPUSD +8 2016-05-25 | Orange To White

This is an extended orange to white trade. It is extended in as much as the move has been sharp and quick, so much so that the boxes on any timeframe have not yet appeared. The trade is taken off the five minute level as this is the first point at which the momentum has stalled. Note the deep orange shade above indicating that on the 1 and 5 min time frames cable is overbought. The trade worked out to produce +8 pips.

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

Previous recording Forex Price Action | 2016-05-24 GBPUSD +10

 
This site uses cookies. Find out more about this site’s cookies.