A great example of the trends and trend monitor

A great example of the trends and trend monitor

by Quantum Trading Comment Closed
https://youtu.be/nPZJa2zqzxA A great session this morning with David and myself and we started with the EUR/AUD which has been rising strongly for the last few days, and one of the lessons from our private trading chat room where we support our forex education program members. This was an example of an annotated chart of the EUR/AUD posted in the forum in real time and explaining some of the key VPA lessons. One of the hardest things to do in trading is to stay in a trend once a position begins to develop into profit, particularly when the trend pauses and starts to pull back or reverse. This happens in all timeframes and is when the market pauses and moves into congestion. So how do we know whether this is a true change in the primary trend, or simply a move into a secondary trend before re-establishing the primary trend once more, and this is where volume price analysis steps in. This is...
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Euro dollar bears in control on the fast charts and currency array

by Quantum Trading Comment Closed
https://youtu.be/8CNbdPQ_fow Euro Dollar Bears in Control on the Fast Charts and Currency Array Euro dollar bears remain in control on the fast charts. Selling pressure dominates lower timeframes. Price pushes lower with conviction. This signals short-term weakness in EUR/USD. The euro has been selling heavily in the early part of the London trading session, with the currency array indicator displaying this clearly on the 15m timeframe. The only pair lagging is the EUR/CHF, with all the other pairs neatly stacked at the bottom of the ranking ladder and now offering potential reversals from the over sold condition on the faster timeframe. The chart alongside for the EUR/USD reflects this bearish sentiment and here we have the accumulation and distribution indicator displaying the various levels of potential support and resistance. The indicator works on the price action and signals those areas where levels have been tested from above and so are likely to act as support, and those where price has been tested from below,...
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