Euro, yen and pound in focus as London FX opens

Euro, yen and pound in focus as London FX opens

by Quantum Trading Comment Closed
https://youtu.be/LN4yZczBt0s In this morning's forex session David and I started with a look at the EUR/CAD, a pair I highlighted a few days ago on my site, and one which was an interesting confluence of the fundamental, the technical and the relational and something we cover in great detail in the Quantum Trading forex education program. We then moved to consider some of the strong moves overnight for both the euro and the Japanese yen and the start of the European session was noteable for the congestion phases building around the volume point of control on the faster charts. It is as these points that markets are in price agreement, with the VPOC itself acting as the fulcrum of the market with no bias. The analogy here is of a see-saw, with both sides of equal weight. Once bearish or bullish sentiment develops, this then moves the price action away from the volume point of control and driven by volume as the...
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Aussie and euro feature in the London forex session

Aussie and euro feature in the London forex session

by Quantum Trading Comment Closed
https://youtu.be/h8RAmPZGqjI In this morning's forex session we saw a nice move in the Aussie Dollar with some classic volume price analysis lessons when combined with the Quantum Trading indicators. The euro also produced a nice move lower with the renko charts on MT5 leading the way. The renko charts on MT5 are unique as they allow you to add both standard indicators and the Quantum tools and indicators directly to the chart. The trends indicator and te trend monitor indicator work perfectly with this style of chart as you can see from the euro dollar in the European session just ahead of the London open....
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Euro index on MT5 now available

Euro index on MT5 now available

by Quantum Trading Comment Closed
We now have a euro index for MT5 which can be invaluable when trading a pair such as eur/jpy which has been in an uptrend since yesterday. What's interesting about this move higher on the hourly chart is how in one move we have at least three different types of sea states. The beginning of the move higher (as denoted by trend monitor turning blue) is characterized by a trend without volatility as the pair moves gently higher before the price action goes into congestion with trend dots turning grey. We then see two strong volatility candle as the result of the BOJ & on the faster time frames we would have seen plenty of whipsaws with many traders attempting to catch some pips. However, this injection of energy into the pair has resulted in a continuation of the trend, but this time with momentum as we wider spread up candles & a much steeper incline. Typically after many such...
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