The Tiger TimeLanes is a unique software tool that enables traders to more easily predict what will happen to price over various different time frames and see developing forex trading signals across multiple pairs at a glance. The information from the individual time frame is arranged into neat track / lane and when a individual’s currency pair’s tracks / lanes are aligned together it forms a matrix grid.
How are The Tiger Time Lanes calculated?
The algorithms and equations that are made to determine the levels shown on each lane are based on fibonacci calculations. There are two principle components that make up the ingredients for the trading signals.
The first is seven linear weighted fibbonacci levels. Of theses seven the three most important are represented by red, green and black discs with the other three shown as price levels. The second is the level of orange layering (often referred to as band shades). These are based on previous price movement on each particular time frame. The point of change between two colours is a significant barrier and the level is shown at the change.
The most important element is the dynamic nature of both of these elements. This is possible because the levels are recalculated with every tick. This means that the levels themselves always reflect the latest market situation allowing you to reflect any market changes that take place and compensate accordingly.
Forecasting price movement and showing developing forex trading signals
When brought together trading signals are created through the patterns that are formed on the grids. The time frames on the default version cover the shorter time frames 1, 5, 15 and 60 minutes and so are predominantly used for scalping strategies. When price action and current market conditions are factored in by the trader the signals that are provided become extremely powerful with certain patterns achieving success strike rates of 70 to 80%.
The two principle components of the Tiger TimeLanes are the levels marked by disks and the line of demarcation between two shades of orange layers provide levels of support and resistance. Although at first glance you might think that the grid looks very complicated, it is in fact based on the simple principle of support and resistance. When several of these levels combine over different time frames the stronger the level of support or resistance is at that point. So if, when looking at a grid for a particular pair you see the levels in and around the same price point on all four time frames then that indicates a relatively strong area of support or resistance.
In addition, price and the one minute boxes are, in a ranging market, fairly close together. If price breaks out then the one minute disc 1 and 2 quickly follow. If prices moves too far away from these two boxes then it is usually an indication that the market is over extended. Either price will have to spring back toward the disk or it will have to hold while the boxes catch up. Imagine price being on a piece of elastic attached to the one minute box one. If however, price completely runs away from the one minute disks then the probability is that a significant move in the market is happening (imagine the elastic breaking). Instead of looking for retracements we should, in this scenario, be searching for entries to go with the price.
This is just the very basics, the patterns that are formed on the matrix grids by the box positions and the band shades provide a multitude of trading opportunities. Indeed these patterns themselves create a pattern in the order in which they are formed. This is particularly powerful as it can tell you where in the price cycle you actually are.
The Tiger TimeLanes Software: Two Versions
The Tiger TimeLanes software is available in two forms, a version that runs on an MT4 platform and as a Cloud based platform that is accessed through your browser.
MT4 Tiger TimeLanes
MT4 is far and away the most dominant trading platform out there and so we have developed a version of the TimeLanes that sits on top of a chart. When loaded onto a chart the TimeLane matrix grid for that charts currency pair appears, showing four time frames. The 1min, 5min, 15min and 1HR. This set up is ideal for watching how the price movement between various pairs correlates and provides pinpoint entries to your trades.
In addition by building on top of the MT4 platform we are able to utilize additional functions to provide one click trading directly from each TimeLane matrix.
One of the biggest advantages of using the MT4 version of the Tiger TimeLanes is that it minimizes the use of screen real estate as all your TimeLanes and charts reside inside your existing platform.
The MT4 version of the software is a one off purchase of just $67 which includes a lifetime of updates and full access to our Training library which contains over 20 hours of videos on how to best use and utilize the TimeLanes for FREE.
Tiger TimeLanes Cloud Based Software
The most comprehensive way to view and utilize the TimeLanes is through the Cloud based application. It allows you incredible flexibility with a suite of enhanced features. The Cloud based TimeLanes allow you to access up to 20 pairs with each pair having up to 9 timeframes that you can choose to display.
Every pair you choose can be set up exactly the way you want with a very simple process. The initial choosing a pair creates a matrix and in this matrix you can have as many or as few time frames, in any combination, that you want. For example you could set up EUR/USD to display the 1min, 5min, 15min, 30min time frames on one matrix and GBP/USD with 1,5,15, 1HR and Daily on another matrix. You have have multiple matrixes for each currency, so you you have to or 3 matrix grids for EUR/USD one set up for scalping using short term time frames and one set up for longer term trades using a combination of both short and long term timeframes. The beauty of this method is that it allows you to design your own individual layout in terms of both the individual pairs matrix and you own personal trading style. In addition you can create trading personas so that you can set up different trading layouts for different trading strategies that you employ. These trading personas can be toggled between with just a couple of clicks.
A key feature of the Cloud based Tiger TimeLanes also have a unique charting application that displays the historic levels of the bands shades, documenting where the Fibonacci levels have been and how they have moved. This is particularly useful in utilizing the White zones (there is a particularly powerful scalping strategy that utilizes the expansion and contraction movement the white zone makes as price cycles) and seeing which particular levels and on which time frames have provided the best support over a given period.
Using the software
The forex TimeLanes is a powerful piece of software which, if used correctly, can be a license to print money. Learning to use them is actually fairly simply, especially because we have produced a comprehensive training library of over 20 videos that accompanies the TimeLanes. The videos explain every detail of how to set up and use the TimeLanes, as well as covering all the most commonly used trading set ups. In addition, there are hundreds of companion videos that show examples of all the different set ups being taken in live trading situations.