All posts tagged Retracement

GBP/USD Price To 1 min Levels +8 pips [2016-03-23]

Just like the previous GBP/USD trade, this is in essence a 5 min trend trade. However we are a different stage of the price cycle. The gap between the 1 min and 5 min boxes has narrowed and price is turn over. This is the third push lower after the initial low and then a trend trade. Generally, we would be watchful about taking a trade on the third movement but here price has retraced quickly tp be 20 pips from the 1 min and at a 5 min resistance. Price never stays far away from the 1 min levels for long so this provides an opportunity to short Cable especially as the longer term trend is still short.

Learn more about the the price cycle and Forex signals the TimeLanes produce

Live Forex Trading Room Trades [Week Nine 2016]

GBPUSD +6 pips [2016-02-29]

GBPUSD +6 pips supreme combo

Cable has moved up in early London trading to make a session high before retracing back to a block of support on the 5 min, 15 min and 1HR time frames with the 1minute boxes over 15 pips away and the white zone had shrunk. The pattern shows the 1 min, boxes leading the 5 min boxes indicating the trend long is still strong. The trade produced +6 pips.

GBPUSD +9 pips [2016-03-01]

GBPUSD +9 pips 15 min Trend Trade

Cable retraced back down to the 15 min L2 after an early move up. This is a great example of a fifteen minute trend trade. the 1 min, 5 min, 15 min & 60 min boxes are all in the correct stepped alignment with the gap back to the 1 min boxes of 25 pips indicating a strong trend up existed. This proved to be the case with cable delivering +9 pips.

EURAUD +6 pips [2016-03-02]

EUR/AUD +7 pips Supreme Combo

EUR/AUD moved up sharply shortly after New York open making new highs before retracing back to major multi time frame term support on the 1 min (L7), 5 min (L3) and the 15 min (L1) (Supreme Combo Level ). In addition the 1 min boxes led the 5 min boxes indicating a strong trend up remained with a 20 pip gap from price back to the 1 min boxes.

GBP/USD +7 pips [2016-03-03]

GBPUSD +7 pips Multi Level Resistance

Cable had moved down and made new session lows before retracing back to the a block of significant resistance on three time frames the 1 min L7, 5 min L3 and 15 min L1. with the one minute boxes leading the 5 minute boxes. This pattern of multi level resistance and has a high probability of success. In this case the trade too much longer than usual but yielded +7 pips for the scalp.

GBPUSD +8 pips [2016-03-04]

GBP/USD +8 pips Orange To White

Early London trading saw GBP/USD fall quickly with morning flows giving us good orange to white opportunities. The price moved quickly down to a level on the 1 min time frame which was 20 pips away from the 1 minute boxes which presented a good opportunity for a retracement back producing +8 pips.

The above trades represent some of the live Forex trading room trades for Week Nine of 2016. Various forex TimeLanes set ups are covered in this selection with emphasis on multi level support and resistance on retacements from a trending market on 5 min, 15 min and 60 min time frames.

Kash’s Monday New York session was genuinely quiet but saw him take an extended reversal on #EURUSD. Intially going against him he managed the position with an add and took a nett +8 pips

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[Forex Trading in 30 seconds] 2015-08-17 EURUSD +8

Below, the 2015-08-17 EURUSD condensed into 30 seconds.

15 minute Trend Trade: Forex Live Trading Room 2015-03-25 +8 and +16 pips

Categories: Live Forex Trades
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To keep with the recent trend price action was again volatile during the New York session. GBPUSD rose sharply and then fell on the back of worse than expected Durable Goods data coming out of the US. This movement gave Kash the chance of a long on GBPUSD. The main issue was where to get in. With the volatility Kash chose to wait until the safest entry point which was the L2 on the 15 minute time lane. With additional support on the 60 minute it wad a good area for a long. Price duely retraced back to this level and Kash went long taking +8 and +16 on the balance.

This is a good example of how having an experienced trader to watch and learn from can stop you making expensive mistakes. Many may have chosen to go long earlier but Kash’s experience told him where the safest entry was likely to be and so it proved. This is one of the major advantages of being a member of our 24hr Forex Trade Room. You have experienced traders that can guide you. If you are an inexperienced trader the guidance from the moderators can be invaluable and can help fill the experience gap.

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

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Similar to Paul’s trade in the morning session, in Sam’s New York segment a L3 White Zone trade set up developed. GBPUSD had just made a new low for the day and then retraced back to the endge of the white zone. It bounced off it beautifully to make Sam a quick +7 pips. Again it is a great example of how powerful this particular set up, “edge of the one minute white zone” is. The Tiger Time Lanes forex software allow you pick these entries with pinpoint accuracy.

2015 02 24 GBPUSD +7 pips

Categories: Live Forex Trades
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One of our best moderators in the online trade room is Chris. He has been a professional forex traders for many years becoming a highly accomplished forex scalper who specialises in using the Tiger Time Lanes to pinpoint his entries. He has a careful trading style and very rarely loses. In this particular trade Chris notices that GBPUSD has retraced substaintially from its overnight high to a strong area of support. He takes GBPUSD long making +7 pips. Another successful trade boosing the online traders room performance stats. Chris is a great moderator to follow if you want to learn to trade forex.

 
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