Fib Matrix Forex Scalping Strategies | 2016-07-19 GBPUSD +8

GBPUSD +8 2016-07-19 | 1 min Preemptive

This is a 1 min preemptive reversal trade on cable. The move down was sharp as can be seen by the spread out nature of the GBPUSd Fib Matrix. However the move has bottomed out, and although the 1 min boxes have yet to cross there is support on the 1 min, 5 min and 60 min timeframes. The trade worked out nicely for +8 pips with price retracing to the white zone.

For more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Fib Matrix Forex Strategies | 2016-07-15 USDJPY +6

Fib Matrix Forex Scalping Strategies | 2016-07-19 GBPUSD +8 was originally published on 24HR Forex Trade Room

Fib Matrix Forex Strategies | 2016-07-15 USDJPY +6

USDJPY +6 2016-07-15 | 5 min 15 min Trend Trade

This fib matrix trade on USDJPY is a classic 15 min trend trade, helped by support of the L3 on the 5 min timeframe. This is the third part of the price cycle. Price has moved up then retraced back to the 5 min box the move up again to set swing high before retracing to test the 15 min L1. The trade was taken here producing a very quick +6 pips.

For more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Fib Matrix Forex Strategies | 2016-07-14 EURJPY +16

Fib Matrix Forex Strategies | 2016-07-15 USDJPY +6 was originally published on 24HR Forex Trade Room

Fib Matrix Forex Strategies | 2016-07-14 EURJPY +16

EURJPY +16 2016-07-14 | 5 min Reversal Trade

This was a 5 min reversal trade on EURJPY. Both the EURJPY and the USDJPY are showing the reversal; pattern with price on both pairs being at the reversal entry (the point of the V if you draw a line through the 1 min boxes to the bottom 5 min boxes back to the 15 min boxes).Two moderators take positions, although they enter at different times, with the first trade making +7 and the second trade making +7 on the first half with +12 on the balance.

For more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Fib Matrix Forex Strategies| 2016-07-13 GBPUSD +8

Fib Matrix Forex Strategies | 2016-07-14 EURJPY +16 was originally published on 24HR Forex Trade Room

Fib Matrix Forex Strategies| 2016-07-13 GBPUSD +8

GBPUSD +8 2016-07-13 | 1 min trend trade

This is a 1 min trend trade. Cable has moved down sharply. On its initial retrace a short is taken at the 1 min box because of the stretched out nature of the grids, the lead 5 min box being 25 pips away from the lead 1 min box. Momentum is still strong to the downside with all timeframes in a downtrend so the trade is entered at the first 1 min box.

For more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Fib Matrix Forex Strategies | 2016-07-12 EURJPY +7

Fib Matrix Forex Strategies| 2016-07-13 GBPUSD +8 was originally published on 24HR Forex Trade Room

Fib Matrix Forex Strategies | 2016-07-12 EURJPY +7

EURJPY +7 2016-07-12 | 60 min bounce trade (Using EURUSD)

Using the Fib Matrix, this is a 60 min bounce trade on EURJPY with further resistance provided by by the 5 min L7 and the 1 mins being nearly 20 pips away. The entry is determined by EURUSD which is also at strong resistance across the 5 min, 15 min and 60 min timeframes

For more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Fib Matrix Forex Scalping Strategies | 2016-07-12 EURJPY +7

Fib Matrix Forex Strategies | 2016-07-12 EURJPY +7 was originally published on 24HR Forex Trade Room

Fib Matrix Forex Strategies | 2016-07-11 GBPUSD +8

GBPUSD +8 2016-07-11 | Orange 2 White (Using EURGBP)

This is another example of an Orange to white trade using another pair to determine entry. Cable has move down sharply but the market is being driven by the EURGBP cross which is correspondingly, moving up at the same time. The trade is taken when EURGBP reaches resistance

For more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

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

Fib Matrix Forex Strategies | 2016-07-11 GBPUSD +8 was originally published on 24HR Forex Trade Room

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 Scalping Strategies | 2016-07-07 GBPJPY +6 was originally published on 24HR Forex Trade Room