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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
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
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
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
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
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
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
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
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
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
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
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
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
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
This is an example on EURJPY’s of a 15 minute tripod set up. This can be see by looking at 15 pip distance from the 1 min boxes back to the 5 min boxes and the fact that the 15min L2 box is in line with the 1 min box This creates a distinct ‘V’ pattern if you drew a line from the lead 1 min box, to the lower 5 min box through to the upper 15min box.
You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here
EURJPY +6 2016-06-09 | Orange To White (Using EURUSD)
This was an orange to white trade on EURJPY. This is was taken on EURJPY not because it was at a specific level, although it had moved down substantially and there were 15 pips back to the 1 min box, but because EURUSD was at significant support. This trade was about using the the EURUSD cross’s parental pairs to determine the entry. If you don’t understand why this is important or or how to effectively trade cross pairs please review our tutorial on forex cross pairs.
You can find more details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here
This is a fairly regulation Orange to White trade. Price is extremely over extended with the 1 min boxes not even showing on the grids indicating they are more than 30 pips away. Further evidence of the extent of the move is the deep orange colour on the 1 min and 5 min time frames. The entry was taken just past the level when price stalled. It is always important to take Price Action into account when entering. In this trade waiting for the price to stall after the level was the key as momentum can take you past the level on swift moves.
More details about using forex price action to scalp using the Fib Matrix TimeLanes trading software, here
The Fib Matrix TimeLanes offer a multitude of trading possibilities right through the trading day. A relatively new set up that has been developed is the Supreme Combo. It is a trade which combines key levels across the 1 min, 5 min and 15 min time frames and as a result has a very high trading success rate. This trade usually develops from a breakout of a tight range. As price retraces from the move the 1 min L7, 5 min L3 and the 15 min L1 box fall into a line as the same price point (you can allow up to 5 pip range for the set up still to be valid). The trade is taken when price reaches the Supreme Combo level and the target can either be the 1 min boxes or a set number of pips.
Live Trade Examples of Supreme Combos
You will see below that we have broughy together a series of live trade examples of the Supreme Combo set up being taken.
GBPUSD +7 2016-06-01 | Supreme Combo Trade
This is a supreme combo trade (multi time frame resistance). The 1 min R7, the 5 min R3 and the 15 min R1 are all in alignment as price tests the level. The One minute boxes are more than 12 pips below, indicating a sharp retrace from the move down. The trade worked out quickly giving a nice +7 pips.
Forex Price Action | GBPUSD +8 2016-05-26
This is a textbook Supreme Combo trade. Price has broken out to the upside and retraced back to the Supreme Combo level. This is circled in red and you will see that the 1 min S7, the 5 min S3 and the 15 min S1 are all within a couple of pips of each other and there is a gap of 10 pips back to the 1 min boxes. The trade is taken long at this level and produces a quick +8 pips
Forex Price Action | GBPUSD +6 pips 2016-02-29
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 1 minute 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.
Forex Price Action | EURAUD +6 pips 2016-03-02
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.
from 24HR Forex Trade Room http://24hrforextraderoom.com/supreme-combo-fib-matrix-timelanes-set-ups/
This is a nice example of a 1 min Inside bounce Trade. The move up has been quick and substantial. The distance between the 1 min boxes is 10 pips and the gap back to the 5 min boxes is over 20 pips . Price has come back to the S2 1 min box with the 1 min S3 a further 12 pips away. With the fib matrix so extended the probability is that price wouldn’t get back to the 5 min box so a i min entry was take at the S2 1 min with 1 min S3 as the stop.
you can learn out more about using forex price action to scalp with the forex Fib Matrix trading software, here
This is a supreme combo trade (multi time frame resistance). The 1 min R7, the 5 min R3 and the 15 min R1 are all in alignment as price tests the level. The One minute boxes are more than 12 pips below, indicating a sharp retrace from the move down. The trade worked out quickly giving a nice +7 pips.
If you want to learn out more about using forex price action to scalp with the forex Fib Matrix trading software, here
