Applying volume price analysis to the 10 minute chart for the GBP/JPY
Applying Wyckoffian principles and volume price analysis to the 10 minute chart for the GBP/JPY.
https://youtu.be/V_6eTRlpyhc...
Trading US index futures with confidence
The renko optimiser for NinjaTrader is a powerful non time based charting indicator which works with time based charts and gives you the confidence to get in and stay in a trend once underway. In this video we see it applied to the YM emini futures contract and delivering some unbelievable trends with the trend monitor and trends indicators also working perfectly in harmony with the renko indicator.
https://youtu.be/Fj9po7eYzxE...
Using the renko indicator for trading forex
In the final section of the webinar we explain the power of using the renko indicator for MT4/MT5 when used in combination with time based charts and applying the other Quantum Trading indicators.
https://youtu.be/sXlm05gRFaU...
Sentiment revealed across the markets at the London forex open
US indices lead the way on Globex as the London forex session began with sentiment changing. As a result the VIX fell with indices rising and strong selling of the Japanese yen.
https://youtu.be/svEykuvd-J8...
Trading forex using volume price analysis
As the London forex market gets underway, equity markets signal a reversal in sentiment along with risk currency flows such as the AUD/JPY. It is interesting to note the currency strength indicator on the daily timeframe with the commodity currencies heavily oversold and risk currencies overbought, so setting up for some excellent longer term trading opportunities for the yen currency pairs.
https://youtu.be/HE1j44W55LY...
Trading a breakout from congestion using volume price analysis
A nice congestion phase building on the 5m chart for the GBP/JPY and one which introduces several elements of volume price analysis. First we have support and resistance here we see a strong region of resistance building with the red dashed line. This is on the accumulation and distribution indicator which displays graphically the strength of such regions. In other words the thicker the line, the stronger the region, so a strong ceiling of resistance building at 129.75. In addition we are also trading at the volume point of control at 129.52. This is the fulcrum of the market at present with no bullish or bearish bias. In other words the market is in price agreement where we have the heaviest concentration of volume. The key now is to wait for the breakaway from this region which will come - it's a question of being patient and waiting. And on the move away we then move to consider the volume...
A classic volume price analysis signal
In falling markets one of the great signals we always look for as forex volume traders is the candle highlighted on the chart, and is often an excellent re-entry signal to any trend if you have missed an opportunity higher in the trend. And the signal is simple and clear. Price weakness as denoted with the deep wick to the upper body of the candle, but associated with high volume. The market has tried to rally on excellent volume but closed lower on the day. Clearly the market makers are selling into weakness and therefore we can expect the trend lower to continue. You can join me in my free forex webclass where I explain this and other principles of volume price analysis which you can then apply to your own trading - join here http://bit.ly/3cB64cH...
Are renko charts profitable? Most definitely!
In these tricky market conditions, it's important to use a combination of time and non time based charts which is why we developed some specialist indicators Renko indicators here at Quantumtrading.
The chart featured is the version for MT5 and shows this morning's strong move in the gbp/jpy currency pair. However, the indicator can be applied to any instrument made available by your broker. There is also a version for MT4 and Ninjatrader. In addition, the value of the renko brick can either be set manually or you can follow the atr value suggested by the indicator.
In this example, the currency pair began the move lower after the start of the London session in a downtrend that was relatively smooth and free from pullbacks as we can see on the chart. By applying our other unique indicators such as trends, trend monitor, support and resistance and pivots we can see when the move is likely to come to an end.
The move...
A great forex trade on gbp/cad using multiple time frames
Using the Array and Matrix indicator in multiple time frames can produce some great reversal trading opportunities, as we have seen earlier today in the gbp/cad pair.
The time frames in question are the hourly matrix and 15 min array in conjunction with a 3 pip Renko and 3 minute chart.
And in these highly charged markets resulted in a move in excess of 200 pips.
All the indicators are available for MT4, MT5 and Ninjatrader.
By Anna Coulling...
Getting into a trend using the currency strength indicator
IN this session from the London forex session we explain how to use the currency strength indicator to help you get into a trend.
https://youtu.be/P_dc3igYbq8...