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TheForexRoom Review
Triple screen displays. State of the Art forex trading software , the Tiger Time Lanes. We are an online community of hundreds of professional forex traders all trading together in the live market, making live trade calls and sharing their strategies! Related Posts None.
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Link to Open House May 20 to May 31st A Macro View of the Structure of the Forex Market on a 4 hr or minute time frame Live as the Market Makers see it and you set up your trades for the weeks trading. Tuesday was another great day. Learning the different parts of the cycle on a one hour the time period on which the Market Makers entre the Market and we identified several opportunities coming together we enter on the 10 minuite time frame. London Session with Ethan. NY Session with Pablo. Session Recap.
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Wednesday looking for Midweek Reversal and found numerous opportunities. Remember wait for trigger and analyze risk to reward minimum 2. Thursday , some Take Profit Reversals;. Scott Barkley. Rodger Scott does all the Heavy Lifting in selecting the stocks and options to get you started.
DataPro International and SateliteMike. To help guide room attendees all the moderators post trades that they take in the room. This allows the attendees to see how a professional trader uses his Time Lanes and other trading tools to profit from the market. Below you can watch recordings of a few recent live trades that were taken in real time in the trading room. The live forex trade room is an online trade room that is open to all regardless of skill whether just beginning or seasoned trader.
The screen is split into several sections.
Live Trade Room and Trade Signals | Trade Room Plus
There is a participants list showing the moderators and fellow traders. There is a live chat window where you can chat freely with the moderators or other traders, exchange trading idea or look to learn from more experienced traders. There is an Announcements window where all the trade calls are placed when a moderator takes a trade on his platform it is automatically announced for the room to see.
This, is predominantly the basis for most of the trades taken by moderators in the trade room. It relies mainly on the purist indicator of all, price, combining it with fibonacci extensions to give a real time indication of where price is likely to change direction. Its unique feaure is the ability to watch multiple time frames up to nine on just one chart. The TimeLanes are built around the concept that understanding forex price action and how price can cycle through different stages is important, particularly for short term and scalping trades. You can read more about how the software works and how we use it, as well as the concept of price action trading, here.
Each moderator brings their own unique trading style to the room. There are a wide variety of trade types taken from forex scalping to longer term swing and position trades.
As scalping involves short term trades a lot of the trades are scalps. However, longer term trades are not forgotten.