https://youtu.be/lYtz5YrK5ro
In this video we explain the importance of understanding where the three major currencies are heading, whether intraday or on a longer term basis.
The three main currencies are of course the US dollar, the Japanese yen and the single currency of the euro. The Quantum Trading suite of tools and indicators delivers an index for all three, and using the tab feature of NinjaTrader 8 offers a compact and efficient way to monitor these key currencies in all timeframes, whilst optimising space on the screen. This allows you as a forex trader to track these currencies, and from there have a much clearer view of where each is heading which will then be reflected in the major currency complex or the cross currency complex accordingly.
The US dollar, the Japanese yen and the euro are three currencies which drive the forex market universally, and having this clear view is paramount to then understanding where the currency pairs themselves are heading individually....
https://youtu.be/tYxQgRGHcjI
In this video which comes towards the end of the London session and the start of the US session, we highlight how the currency matrix helps to identify the universal sentiment to the Canadian dollar. In this example the USD dollar has been strongly bullish before reversing to bearish and coupled with very strong buying of the Canadian dollar which is shown on the currency strength indicator.
On the currency matrix we then isolate our the Canadian dollar which confirms that sentiment across the CAD complex is universal. In other words, the CAD is being bought against all other primary currencies and as revealed on the 10 minute ranking ladder with the 20 minute timeframe starting to develop in the same way.
Discover more about the Quantum Trading indicators at https://www.quantumtrading.com...
https://youtu.be/d8pPI6vgIlM
In this short video we explain the power of using the Quantum Trading currency strength indicator in multiple timeframes on the MT5 platform. And in this example we are using the MT5 platform once again which provides a much wider choice of timeframes using both the standard and custom options. Here we have the currency strength indicator applied to the 5 minute the 10 minute and the 15 minute timeframes, and focused on the EUR/CAD currency pair.
Here we can see the trend is already underway and confirmed by the currency strength indicator with the euro currency falling strongly and the Canadian dollar rising just as strongly. This is where we see the strongest trends develop and the steepness of the line for each currency gives us clear and strong signals of the strength of the momentum for this pair, with strength in one and weakness in the other, providing the prefect combination for a strong trend in the pair.
The trend...
https://youtu.be/CVV1hQegI-Q
In this video we show the Quantum Trading MT5 currency strength indicator in action, and focus in particular on the Japanese yen. This has been the ' go to' currency for the last few weeks as risk on and risk off sentiment has ebbed and flowed intraday, and reflected particularly in the yen cross pairs.
In this example we have the 15 minute chart for the NZD/JPY with the currency strength indicator giving us all the clues and signals for this strong trend higher, with the New Zealand dollar being bought strongly, and the Japanese yen being sold equally strongly. The currency strength indicator is now available for both MT4 and MT5 platforms. You can find all the details by clicking the following link - Currency Strength Indicator MT4/MT5...
https://youtu.be/dTzV7-N7KFY
Identifying trend strength and momentum is not easy, and trading strength and momentum is even more difficult, which is why we developed the Quantum currency array indicator. With this single elegant indicator not only can we see which currency pairs are trending strongly, but also the momentum of this trend, as well as see those pairs that are in congestion. And finally we can quickly identify those pairs that are potentially approaching an overbought or oversold sold.
The MT5 version of the indicator works on both standard and custom time frames, which means we spot signals much earlier, and in addition we have also built into the indicator a bookmark feature which gives us the option to bookmark a currency pair of interest making it easier and quicker to identify on the ranking ladder.
By Anna Coulling...
The currency strength indicator on the daily timeframe has been signalling the UK pound as strongly overbought (yellow line) and the Japanese yen (magenta line) as oversold for some time, and today has finally seen the pair move lower following last week's extended congestion phase in the 151 area of the chart.
This period of price action was preceded with the two bar reversal, sending an intial signal of weakness following the overreaction to hawkish comments from the BOE, with wide spread price action in the up move, not supported or validated with volume. |For any such move, volumes should have been dramatically higher, a clear sign of the lack of participation by the insiders, and signal of a trap being set. The trap has now been sprung and helped lower with weak UK economic data as the new month begins.
As we can see from the currency strength indicator on the left we have some way to go, and moving to...
David and I delighted to announce the range of Quantum Trading indicators and apps are now available on Tradable, and both David and I are excited to be associated with such an innovative and dynamic company.
Tradable, available on Windows or Mac OS, has a unique interface which enables traders to download and arrange third party developed apps, providing them with all the information they need in one place to make informed trading decisions – including market charts, news flashes, social trading feeds – as well as powerful execution tools. Traders can utilise a series of applications built by other traders on a similar experience level, or create their own, bespoke tools (apps) inside Tradable. Tradable is an award winning, easy to use platform, aimed at intermediate and experienced traders. For more information, visit www.tradable.com
For a free trial of the new Quantum Trading tools, please visit http://quantumtrading.tradable.com/
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Despite finding support at 1.0996 following last week's mauling eurodollar is struggling to hold onto the weak overnight gains. 15 min chart for the pair is particuarly revealing with a series of volatility candles triggered as the combination of the resistance at 1.1056 and the 100ma have been taken by traders as an excuse to sell.
Other euro pairs also taking a tumble include the EUR/GBP and EUR/CAD, the former sitting neatly on the VPOC on the 15 min timeframe which sits at the 0.7180 region, and any move through here could see the pair test support at 0.7168. Any move lower for the EUR/GBP cross is also benefiting from a move higher in cable.
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