All posts tagged Tiger Time Lanes

Fib Matrix Timelanes | Trading Extended Reversals

The Fib Matrix TimeLanes provide a wealth of trading opportunities throughout the trading day. One of the trades with the highest probability of success is the extended reversal trade. This trade set up produces a distinct pattern amongst the boxes on the individual time frames. If you look at the Fib Matrix you will notice that they align into a check mark (tick) shaped formation, with the point of the check mark being the lowest 5 min box (highest if the trade is a short). The trade is taken at a a support level below this box (above if it is a short trade), the level dependent upon the price action at the time.

Live Trade Examples of Extended Reversals

Below we have gathered together a series of live trade examples of this trade set up being executed. Pay attention to the position of the boxes and the pattern formed on the Fib Matrix.

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.

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

After a move up, EUR/AUD has broken to the short side. The grid pattern shows an extended reversal pattern, where the 1 min boxes are above the the lowest 5 min box (see red arrow) creating a checkmark pattern for the arrangement of the boxes. The trade initially goes against us but there is the opportunity to add at the the two column support on the 5 and 15min time frames. The add allows us to closed out our initial entry when it gets back to break even then take half at +7 and the balance at +11 giving us a net +9,

Forex Price Action | EURJPY +6 pips 2016-04-13

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

Forex Price Action | EURAUD +6 pips 2016-04-05

EUR/AUD is just in an extended reversal setup. You can see this in the way the 1 min boxes are below the lead 5 min box and price is at a resistance level on the 1 min time frame.. Generally you would like to see a larger gap between the 1 min boxes and the lead 5 min box so the trade was taken with some caution in mind. +6 pips

GBPUSD +8 pips 2016-05-12 | Orange to White and Over Under

In this trade cable has moved sharply higher in a rapid move bursting through “big figure”. You can see that on the 1, 5 and 15min time frames the deeper shades of orange suggest that cable is overbought. Although overbought, shorting in these conditions can be dangerous, catching a falling (rising in this case, knife. However here Cable is shorted at the 1 min level and gives a net +8 pips

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

Previous recording Forex Price Action | GBPUSD +9 pips 2016-05-06

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

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

EGBPUSD +6 pips 2016-04-20 | Counter Trend Trade

This is a counter trend trade on GBPUSD. 1 min boxes over 23 pips away from the 5 min bandshade at 4309. Note the deep orange of the time frame below the five minute support. This, together with the larger than normal distance back to the 1 minute boxes suggests that price is considerably over extended. With further support levels, at 4303 and below figure at 4297, there is also a second line of defence for the level. In fact the 5 min level holds well and +6 pips are quickly scalped.

If you are interested you can learn more about trading forex price action using the forex TimeLanes trading software here.

Previous recording Forex Price Action | EURJPY +6 pips 2016-04-13

#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 +6 pips 2016-04-12| 5 min Trend Trade

GBUSD 5 minute trend trade.Cable has move up and retraced back to the the 5 min box. The boxes for the 1, 5 and 15 min time frames are spread out indicating good momentum to the long side. The one cavet was that the 1 min white zone had shrunk and price in the short term can be pulled toward this. The trade took a while to play out and indeed price did dip down to touch the 1 min white zone. When taking these tend trades you have to make a judgement call with regard to the best place to enter. If we had decided to wait for the 1 min white zone, price may never have got there. We could have looked to scale in our entry (although here the white zone was too close for an add) and infact that is what Kash had intended at the 5 min white zone.Price however, didn’t go more than 4 pips against so we didn’t get the opportunity to add.

Find out 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.

#EURJPY +18 pips 2016-04-08 | 1 min Trend Trade

EURJPY is retracing after moving down. It has come back past the S1 And S2 boxes on the 1 minute. Chris ideally wants it at the R3 but it stall before that so he enters. The trade takes a while to come to fruition but it never really goes against the entry. This allows Chris the confidence to hold the position and use the momentum from the trend down to kick in to bring him pips. This pays off nicely as price works its way down to give him +18 pips from the trade.

Learn how to utilise the TimeLanes forex trading software here, see how it can help you develop effective and profitable forex price action strategies.

EURAUD +6 pips 2016-04-05 | Extended Reversal

EUR/AUD is just in an extended reversal setup. You can see this in the way the 1 min boxes are below the lead 5 min box and price is at a resistance level on the 1 min time frame.. Generally you would like to see a larger gap between the 1 min boxes and the lead 5 min box so the trade was taken with some caution in mind. +6 pips

You can discover more about the TimeLanes fx trading software indicator here, find out how it can help you develop and trade forex price action strategies.

 
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