How to use the currency dashboard and much much more!

How to use the currency dashboard and much much more!

Another excellent session in the London forex markets as we explain how to use the currency dashboard and the components of the currency strength indicator, the currency matrix, the currency array and finally the currency heatmap. Then we cover some great volume price analysis lessons on the GBP/JPY and the EUR/JPY, with the volatility indicator in evidence as always! https://youtu.be/F97OuXpR7ws...
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The currency heatmap leads the way

The currency heatmap leads the way

In this morning's session, one of the key indicators we focused on was the Quantum Trading currency heatmap, and the many ways it can be used, whether for longer term traders, or intraday scalping and swing trading opportunities. The currency heatmap delivers all the information in a single screen, delivering changes in sentiment from the fastest to the slowest timeframes, whilst also offering a ranking ladder of currency pairs at the extremes and therefore likely to reverse in due course. The currency heatmap is one of the four indicators on the currency dashboard, and this morning's forex trading session over delivered in every respect, as the currency strength indicator highlighted instantly those pairs offering trading opportunities, and those to avoid and leave alone. And from there, it's off to the charts, and then back to the currency matrix and the currency array to help confirm our trading decisions. https://youtu.be/BZ2qffQoq0w...
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A masterclass in trading forex using the Quantum Trading indicators and volume price analysis

A masterclass in trading forex using the Quantum Trading indicators and volume price analysis

This morning's forex trading session was a masterclass in trading, combining every aspect in one powerful lesson. The GBP/JPY provided a perfect example, starting with the base methodology of volume price analysis as the move higher came to a temporary halt in the faster timeframes and duly reflected on across the currency dashboard in terms of the currency strength indicator, the currency matrix, the currency array and finally the currency heatmap. Multiple timeframes are a key aspect coupled with support and resistance, the volume point of control and of course related markets in terms of risk sentiment. The currency indices too also play a pivotal role in identifying the intraday moves of the three major currencies of the US dollar, the Japanese yen and the euro in all timeframes. https://youtu.be/HRgkvTJjJRY...
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Is reversal trading in forex for you – or is trend trading the best option?

Is reversal trading in forex for you – or is trend trading the best option?

In the London forex session, the focus was on reversals and reversal trading, and whether this suits your temperament and personality as a trader. The forex market is one of mean reversion, with currencies moving from oversold to overbought and back again in all timeframes. This presents a myriad of trading opportunities using the currency strength indicator for MT5, NinjaTrader and TradingView. But the question is whether this is for you. The advantage of reversal trading is as a trader you get in early and so maximize returns on the position. However, getting in early comes at a price, which is the need to have a wider stop loss as it's not a question of if the market will reverse but when. And in waiting for the reversal to occur, requires patience and risk management as currencies can remain overbought or oversold for longer than you think. So the key is whether this style of trading suits your personality. If...
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Potential reversals now ahead after the storm of last week!

In this morning's forex session we looked at some of the interesting setups now on the horizon using the longer term perspective of the currency heatmap. The currency heatmap can be viewed in much the same way as the currency strength indicator. For the heatmap, we consider pairs rather than currencies, and a great way to use the indicator is to look for the extremes as potential reversals, and with the yen now weakening following the flash crash, and coupled with a shift in risk sentiment, these now look good prospects for the longer term. At the other end of the ladder, we have several euro cross pairs to consider. And all, of course, confirmed with volume price analysis and the Quantum Trading tools and indicators for MT4/5 and NinjaTrader - and more recently TradingView. https://youtu.be/cfzpUT701Dk...
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The forex libary for volume price analysis

The forex libary for volume price analysis

If you’re serious about succeeding as a forex trader, this box set if for you. It’s the complete forex trading library which explains all you need to know. Four great books in one powerful package and for just $9.99 - available on Amazon now! https://youtu.be/boBwBtRowOQ Grab your copy by clicking the link now...
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The FED, and the Quantum Trading indicators for short and longer term trading

The FED, and the Quantum Trading indicators for short and longer term trading

In this session, we stressed once again the importance of distinguishing between the signal and the noise from the FED ahead of the FOMC minutes later. Once again we have seen how the Federal Reserve is the most powerful central bank in the world and how its words and actions impact all markets and the global economy. We then focused on the pound in a variety of timeframes, with some great volume price anlaysis lessons in several pairs. Finally we looked at the currency heatmap and the extremes for some longer term trading opportunities. https://youtu.be/6PuiHUClDhM...
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Which pairs to choose and how to trade them – all explained here!

Which pairs to choose and how to trade them – all explained here!

https://youtu.be/RALighYqu0Y Choosing which currency pairs can be a tricky decision, and one each forex trader has to make for themselves, and as this is a frequent question, it's one we answer in this morning's forex session. And always there is no right or wrong answer, only what suits you, and perhaps the key here is patience. If you have the patience to wait, then reducing the number of pairs to trade can be an excellent way to become an expert in one or two, perhaps also with a preferred tactic. However, this can create problems as boredom can often be an issue as other pairs are then sought out, and very quickly all the initial discipline has gone, and the trader is then taking trades in all pairs, as before. So it's not easy. Another question frequently asked is how to use the currency dashboard and the four trading indicators it contains, and here David walks through the three-step process, with the...
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Cycles explained with the currency strength indicator and volume price analysis

Cycles explained with the currency strength indicator and volume price analysis

https://youtu.be/wIBw-heIsts In this morning's forex trading session, David and I explained the price cycle for forex markets, and through the prism of the Quantum Trading currency strength indicator. This indicator for MT4, MT5, and NinjaTrader describes the journey every currency makes from overbought to oversold and back again and reflecting the Wyckoffian principles of primary and secondary trends, as well as explaining how markets move from accumulation to distribution and back again in all time-frames. All of this is of course underpinned by their core methodology which is volume price analysis and which is complemented with the full suite of tools and indicators from Quantum Trading. By Anna Coulling Charts from MT5 and NinjaTrader...
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Spoilt for choice in the fx session – which pair to choose!!

Spoilt for choice in the fx session – which pair to choose!!

A great forex session and one where we were truly spoiled for choice, with the US dollar leading the way as safe haven flows saw the currency of first reserve rise strongly as European markets opened. This was countered with equally strong selling in several different currencies including the Australian dollar, the euro and the pound and clearly signaled on the currency strength indicator. The move in the euro was triggered as a result of problems once more in the Italian banking system, an issue which like Greece, has never been resolved, and which is now rising once again to the surface. But in this session we focused on one of these, the Aussie dollar which delivered a wonderful trend lower, and confirmed with all the associated indicators of the currency heatmap, the currency array and the currency matrix, with safe haven flows driving the US dollar, and equally strong bearish flows driving the Aussie, and combining in wonderful trading opportunity to...
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