Fib Matrix Forex Strategies | 2016-07-04 GBPUSD +8

GBPUSD +8 2016-07-04 | Orange 2 White (Using EURGBP)

This Cable trade is an orange to white but is actually based on the EURGBP pair. During the London session the EURGBP can have considerable bearing on the direction of both Euro and Cable. Here, EURGBP was moving up sharply and GBPUSD was moving down. As EURGBP was driving the market, instead of waiting for GBPUSD to reach its level, the trade was taken when EURGBP hit resistance.

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 | 2016-06-30 EURJPY +7

Fib Matrix Forex Strategies | 2016-07-04 GBPUSD +8 was originally published on 24HR Forex Trade Room

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Fib Matrix Forex Strategies | 2016-06-30 EURJPY +7

EURJPY +7 2016-06-30 | Orange 2 White (Using Euro)

This is an Orange 2 White trade on EURJPY cross using Euro,the cross’s parental pair as the guide and determiner for entry. Here EURJPY is over extended on it move up, so much so that the band shades are deep orange and the 1 min boxes are not yet showing. Euro, hoever has reached resistance at the bottom edge of its 60 min white zone. If you don’t understand the relationship between Euro and EURJPY then review our video on cross pairs which you can find here.

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 | 2016-06-29 EURUSD +6

Fib Matrix Forex Strategies | 2016-06-30 EURJPY +7 was originally published on 24HR Forex Trade Room

Fib Matrix Forex Strategies | 2016-06-29 EURUSD +6

EURUSD +6 2016-06-29 | 1 min Trend Trade

This is a 1 min trend trade. In addition it is a good example of the step pattern that the boxes make when a good trend has formed. In this trade Kash has decided to take the entry at the 1 min boxes allowing himself room to add if necessary at the 5 min boxes. Picking the perfect place to take the trade depends a lot on “price action” here it has been strong hence the 1 min entry. Ideally the 5 min entries provide the highest probability of success. Of course if you wait for that you might not get your entry so you have to make a decision based on the prevailing market conditions.

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 | 2016-06-28 GBPUSD +10

Fib Matrix Forex Strategies | 2016-06-29 EURUSD +6 was originally published on 24HR Forex Trade Room

Fib Matrix Forex Strategies | 2016-06-28 GBPUSD +10

GBPUSD +10 2016-06-28 | Extended Reversal

This is a classic extended reversal trade, aided by the presence of the 5 min L3. Post Brexit moves have been fast and extended. Here Cable has moved down but has retraced. This can be seen by the formation of the boxes and extended gaps between them. Price has then moved down to test the level beyond the 5 min box which is 5 min L3. On reaching this level it snaps back quickly to give +10 pips.

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 | 2016-06-27 EURUSD +8

Fib Matrix Forex Strategies | 2016-06-28 GBPUSD +10 was originally published on 24HR Forex Trade Room

Fib Matrix Forex Strategies | 2016-06-27 EURUSD +8

EURUSD +8 2016-06-27 | 60 min Bounce Trade

This is a good example of a 60 min Bounce trade. Price has pushed up toward the second 60 min box and is 17 pips away from the 1 min boxes. 60 min levels are by far the strongest levels, although can sometimes require room, Here the upper 60 box pushes price back toward the 1 min box for +8 pips

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

Previous recording Forex Scalping Strategies | 2016-06-14 GBPUSD +6

Fib Matrix Forex Strategies | 2016-06-27 EURUSD +8 was originally published on 24HR Forex Trade Room

Forex Scalping Strategies | 2016-06-17 GBPUSD +6

GBPUSD +6 2016-06-14 | Preemptive Reversal

This GBPUSD trade is an example of 1 min preemptive reversal. Here after a sharp move up the 1 min L1 and L2 have crossed over on the 1 min timeframe and the white zone has shrunk. In addition the 5 min boxes are more than 20 pips away meaning there is good scope for a retracement down. The condition of the white zone is important in than if it expands it tends to push price away while when it contracts price is drawn to it.
You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Forex Scalping Strategies | 2016-06-14 USDJPY +7

Forex Scalping Strategies | 2016-06-17 GBPUSD +6 was originally published on 24HR Forex Trade Room

Forex Scalping Strategies | 2016-06-14 USDJPY +6

USDJPY +6 2016-06-14 | 15 min Inside Bounce

This USDJPY short is a 15min inside bounce trade. With an inside bounce trade we look to take the trade from the second box L2 back to the first box L1 with the L3 usually being the stop but in this case it was too far away so a small stop was placed above. This trade is taken on the retracement to the L2 after the move down on the 15 min time frame.
You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here

Previous recording Forex Scalping Strategies | 2016-06-13 EURJPY +7

Forex Scalping Strategies | 2016-06-14 USDJPY +6 was originally published on 24HR Forex Trade Room