With the US indices falling out of balance as the Nasdaq 100 continues to rise strongly, yet the S&P500 and the Dow Jones continue to trade within the range of a volatility candle, many are asking whether the NQ is now reaching a top of exhaustion. In this video we take a look at the NQ emini futures contract from a volume price analysis perspective and as you will see, it's all about levels and whether the 10,700 region will be breached.
https://youtu.be/berdJWDESPY...
If you don't have the currency matrix indicator for NinjaTrader of for MT4/MT5, here's a neat way to create your own and in this video, this one is for the currency majors giving us a great view across the complex of whether the sentiment for the US dollar is universal. In other words, whether the market is buying or selling the US dollar across all the major pairs. If it is, then you are trading with the money flow and a lower risk trade. If no, then the risk on the trade is higher. It's that simple and why the currency matrix indicator is one of our most popular.
https://youtu.be/8ETgQUmrHSY...
Learn how to trade forex using the currency strength indicator and currency matrix indicator, and in particular how to isolate out the currency pairs to focus on those you are trading.
https://youtu.be/_G4X9POpRvI...
No matter which market or instrument you trade, using different timeframes is a foundation stone of trading and one we cover in detail in the mechanics of trading module in The Complete Forex Trading Program The reason is simple. One timeframe will reveal things you would not see in others and so provides a complete view of your trading horizon.
https://youtu.be/77GKpmS3NFo...
Using non time based charts is a great way to scalp any futures market and in this video we take this to a new level, using multiple renko charts and in particular using the renko optimizer for the NinjaTrader platform. In this array we use three renko charts set to three different timeframes and matched to the three charts below. This gives us the double advantage of trading using non time based renko charts, and applying volume price analysis on the time charts. A powerful combination of six charts.
https://youtu.be/rXbHGiKo1Vo...
One of the important phases of price action in any market is volatility. Why? Because two forces are at work. The first is the emotional fear of missing out, in other words FOMO. The second is the fact this is the time the market makers and insiders are at their most active. They understand FOMO and use it repeatedly to trap traders into weak positions, either following such a move with congestion, increasing the fear further, or simply reversing the price action and taking out stops. Either way it's win win for the insiders and a simple and powerful way for them to make money. Learn how and why in this video and discover how to avoid being trapped.
https://youtu.be/cnEajurtSho...
https://www.youtube.com/watch?v=g1ANfP_Uvkw&t=1s
The heatmap indicator looks at 28 forex pairs in multiple time frames on one chart and can be used by both scalping traders as well as longer-term swing or trend traders....
https://www.youtube.com/watch?v=Xco-6tVb7PU&t=183s
The currency matrix looks at the relative strength and weakness of 28 pairs and ranks them accordingly. The values assigned to each pair can also help to determine the strength in the flows in the time frame under consideration. In this video, it was the Aussie dollar which was of interest following the RBA statement and how this had impacted the aud/usd and a potential reversal on the 10 min chart....
https://www.youtube.com/watch?v=rd1Dt661GSc
Using cross-market analysis for sentiment and seeing it reflected in the flows into the risk on risk currencies using our specialist tools such as the currency strength indicator and the currency matrix. These are two of four, the other two being the currency array which helps to determine trend strength and lastly the heatmap which looks at 28 currency pairs in multiple time frames on one chart.
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