Cable very bearish on the longer term charts

by Quantum Trading Comment Closed
Ahead of the manufacturing production number the British pound has been particularly lively in the past couple of hours with 6 volatility candles alone being triggered on Cable on the 3 min chart. For Cable, yesterday's rally which saw the pair bounce off support in the 1.4760 region was a move more akin to a 'dead cat bounce' as once the pair hit the major resistance at 1.4840 at the start of the US session opened the floodgates for some heavy duty selling. This took cable down 1.4684 before it finally managed to find some support as the market moved into Asia. A number of reasons have been suggested for this move, including the tensions and uncertainty surrounding the upcoming UK election, and as highlighted yesterday, we are seeing a major sell off in UK gilts. In the face of such uncertainty It appears foreign investors would much rather move their money into US Treasuries and Asia, and Japanese investors in particular...
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Another great trade on the EUR/AUD

by Quantum Trading Comment Closed
It's been another great day's trading on the EUR/AUD, which has continued the bearish tone from yesterday, following the RBA statement and a decision to keep interest rates on hold for the time being. The 60 minute chart has delivered a consistent trend today with the pair moving through the platform of support in the 1.4125 region and as defined with the accumulation and distribution indicator. The trend monitor at the bottom of the chart continues to confirm the bearish tone, supported by the trend dots indicator. Early this afternoon the wide spread down candle saw the pair close at 1.4016 on very high volume, and confirming the current bearish tone for the pair. To the left of the chart, the Quantum currency strength indicator confirms the technical picture, with the euro (the orange line) now deep in oversold territory, and with the Aussie dollar (the blue line) continuing to rise deep into the overbought region. A great trade on this...
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Aussie dollar strengthens as RBA keep rates on hold

by Quantum Trading Comment Closed
Impact Aussie Dollar Strengthens as RBA Keeps Rates on Hold The Aussie dollar strengthens as RBA keeps rates on hold. This decision often boosts AUD sentiment. Steady policy signals economic stability. Traders see it as supportive for commodity currencies. The main focus overnight was in Australia with the RBA deciding to hold the current cash rate at 2.25%, with no cut. This decision was against the backdrop of declining commodity prices and a slowdown in China with many expecting the rate to be cut to 2.00%. As a result the Aussie dollar strengthened on the news against many of the major currencies, with another nice move on the EUR/AUD on the 15 minute chart. Quantum Indicators The Quantum accumulation and distribution indicator initially defined the support and resistance region with the 1.4360 being the key level of support and a region that had been tested on several occasions prior to the news. The bearish sentiment was confirmed with the trend monitor to the bottom...
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NinjaTrader launches forex brokerage

by Quantum Trading Comment Closed
NinjaTrader Launches Forex Brokerage NinjaTrader launches forex brokerage services. This expands options for forex traders. The platform now offers direct forex execution. Traders access competitive spreads and leverage. Benefits for VPA Traders Volume price analysis (VPA) users benefit greatly. NinjaTrader's charting integrates Quantum indicators seamlessly. Trade forex pairs with VPA tools like currency strength and matrix. Anna Coulling's methodology applies directly to the new brokerage. Why This Matters The launch combines powerful charting with brokerage. Execute trades without leaving the platform. Quantum indicators enhance relational analysis on forex. This setup supports disciplined, volume-based trading. NinjaTrader's forex brokerage opens new doors. Start using Quantum tools for confident forex execution today. NinjaTrader Press Release Denver, CO, Tuesday, April 7th, 2015 - NinjaTrader Group, LLC has announced the addition of forex trading to the services available through NinjaTrader Brokerage. Users of the awardwinning NinjaTrader platform can now access the world’s largest and most liquid market directly through a NinjaTrader Brokerage trading account. “We are excited to expand our brokerage services offering...
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Terrific trend on the EUR/AUD this morning

by Quantum Trading Comment Closed
Terrific Trend on the EUR/AUD This Morning A terrific trend unfolded on EUR/AUD this morning. This cross pair delivered strong momentum. Price moved steadily higher. The London session amplified it. Traders spotted clear opportunities. In this morning's forex trading session with Anna and David, one of the currency pairs they focused on was the EUR/AUD, which was the strongest-performing currency pair in the currency matrix. The 60-minute currency strength indicator confirmed the longer-term position, with the euro (the orange line) climbing strongly towards the overbought region on the indicator, with the Aussie dollar ( the blue line) moving firmly towards the oversold region in this timeframe. The 5-minute chart alongside reflects the trend, with the trend monitor maintaining the bullish picture, and only moving into a transitional colour during the minor congestion periods. The trend monitor sister indicator, the trend dots, completes the picture and highlights these congestion phases in advance. Volumes throughout the move were in agreement and confirming the bullish sentiment for...
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Forex currency strength indicator explained

by Quantum Trading Comment Closed
Question Hi Anna, Firstly, I just wanted to say I've just finished "Forex For Beginners" and I thoroughly enjoyed the book; I found it extremely helpful and useful. Opened my first forex account on Friday of last week. Made some mistakes at first, lacked the discipline to follow my strategy, I think I was a tad over-keen to trade at first. I've just purchased "A Complete Guide to VPA" so I'll start on that tonight. I have a quick question though if you wouldn't mind answering. In Forex for Beginners, you use the Currency Strength Indicator to look for potential indicators of an upcoming reversal. And then from this, you use the currency matrix and analysis to confirm the reversal. I was just wondering if you could use the same strategy to indicate a continuing trend? If this is explained in the book I've just purchased I apologise, I just thought I'd ask. For Example For example, if both the Aus and Usd are...
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