All posts tagged Live Forex Traderoom

GBPUSD +10 2016-05-24 | 5 min Trend Trade

This is a vanilla 5 min trend trade on cable. This trade occurs when a pair makes a new high (or low) and price retraces back to the first 5 min box. In a vanilla trade, such as this the boxes have formed a step pattern (see the red line linking the boxes on the 1, 5 and 15min timeframes) with a 5-10 pip gap between each set of boxes. This trade was textbook with it being taken around the first five minute box and giving us +10 pips.

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

Previous recording Forex Price Action | 2016-05-20 GBPUSD +8

GBPUSD +9 pips 2016-05-06 | 5min S7 and 60 min Bounce Trade

Cable is ranging in a fairly quiet market, indicated by the close proximity of all the levels. It has risen to near the top of the range. There are in fact multiple set ups that are triggered at this point which makes the trade so attractive. The key level is the 5min S7. The five minute time frame is trending down with the S1 leading the S2, S3 and S7. In addition price is also midway between the two 60min boxes with its time frame also trending down S1 leading the R2 and R3 .

More details regarding trading forex price action, with the forex TimeLanes trading software, can be found here

Previous recording Forex Price Action | GBPUSD +9 pips 2016-05-05

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

USDJPY +7 pips 2016-05-04 | 1HR Bounce Trade

In this trade we have USDJPY moving higher to a bank of resistance across all four time frames with the 5 in S7 and the 1HR box being present. The level worked well producing a net +8 pips.

For more details regarding trading forex price action, with the forex TimeLanes trading software, please click here

Previous recording Forex Price Action | USDJPY+8 pips 2016-05-03

USDJPY +8 pips 2016-05-03 | Orange to White / Tripod

USDJPY has broken to the downside. On the surface this is a balanced call in terms of probability in that, although 17 pips from the 1 min boxes we only have the 1 min support band shade. However, this is also a Tripod set up. This is defined when the R1 1 min box and R2 1 HR box are lined up with the 5 min boxes (as in this case) well above this level creating a inverted V pattern. Admittedly price has move away from the levels, the usual ideal entry for Tripods, but they tend to have a strong pull. In this case the trade produced a net +8

For further details regarding trading forex price action, with the forex TimeLanes trading software, please visit this link

Previous recording Forex Price Action | EURAUD +9 pips 2016-04-27

EURUSD +8 pips 2016-04-21 | 5 min Trend Trade

EURUSD has mved up sharply indicated by the large gap of 18 pips between the 1 and 5 min boxesmeaning there is a strong trend up on the shorter time frames. Price has retraced to the 5 min box where the trade is entered. The trade never really goes against us and in under a minute we are out for a rapid +8 pip gain.

Further information about trading forex price action, using the forex TimeLanes trading software, can be found here

Previous recording Forex Price Action | GBPUSD +6 pips 2016-04-20

#EURJPY +6 pips 2016-04-13 | 5 min Trend Trade

EURJPY is in a massively extended reversal the 5 min time frame. You can see the move has been quick because the 1 min boxes haven’t moved past the 5 min boxes yet price is over 40 pips away from the lead 5 min box.This is unusual and is largely because EURJPY had been pulled sharply higher by EURUSD. As always, when trading a cross pair it is important to check the parental pairs. In this case Euro has moved substantially away from its 1 min boxes and is now at resistance with EURJPY in a extended reversal pattern a short on EURJPY is taken which yields a quick +6 pips

You can learn 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.

The TimeLanes forex trading software is a powerful trading tool, find out how it can help you develop effective forex trading strategies.

Forex Trading 2015-08-10

Categories: Live Forex Trades
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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.

 
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