The trends in the London forex session continued throughout the morning and into the US forex session with the GBP/NZD in focus. We also take a look at commodity currencies and support and resistance using both MT5 and the NinjaTrader accumulation and distribution indicator.
https://youtu.be/cL_tbBavRjo...
The power of the volatility indicator explained and why the trend monitor indicator is so important in helping keep you in the trade.
https://youtu.be/k_GoLuHFoG4...
In this forex trading session, we take a closer look at the volatility indicator on the GBP/JPY and also explain the importance of the values on the currency matrix as currency pairs approach the extremes.
https://youtu.be/op3yikVM1RA...
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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...
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...
More excellent VPA lessons in this week's webinar during the US session as David and I focus on commodities, indices and stocks, and in this session we start with gold which had one of its best days for many weeks, with the two drivers of USD weakness and a flight to safe haven, all helping to propel the precious metal away from the drop zone below the $1200 per our region, if albeit only a temporary respite. The safe haven flows were as a result of the uncertainty in Europe and in particular the Italian budget, but as always, this looks likely to be resolved and such flows then likely to reverse just as fast. All of this was beautifully displayed on the renko optimizer for NinjaTrader, along with the other Quantum Trading indicators for NinjaTrader, and also confirmed on the intraday time based charts. Whilst the longer term picture for gold remains bearish, this was a day for the...
A great forex session this morning in the live webinar with David and myself, and one where we were spoilt for choice in terms of trading lessons and also trading opportunities. The pairs we chose were the GBP/AUD on the MT5 platform and the AUD/JPY on the NinjaTrader platform, before moving to look at the GBP/JPY later in the webinar and of course all analysed through the prism of volume price analysis and the Quantum Trading tools and indicators. For the GBP/AUD is was a case of further heavy selling in this pair and reflected in the time based charts supported by the MT5 renko chart. As always the currency strength indicator signalled the strength of the move and again using multiple timeframes giving the clear signals we need to select the currency or currency pair for further analysis. One of the keys to success is in applying volume price analysis which then helps to identify whether a reversal is...
https://youtu.be/Z_wZivsstBw
In this video we look at a great trend in the faster timeframes for the EUR/AUD and supported as always by the Quantum Trading indicators. The first of these is the tick volumes indicator which helps in the analysis of volume and price which is a key plank of technical analysis. Then we consider the trend monitor indicator which helps to keep us in through those inevitable pullbacks and reversals which occur in all trends higher or lower. The dynamic support and resistance indicator then plays its part defining those areas of stronger or weaker price levels where support and resistance are ket. Finally we touch on the pivots indicator and the volatility indicator. And all using the 20 minute chart for the MT5 platform....
https://youtu.be/-5MMfQ-uu5Q
Recording of this morning's London forex session with the Aussie yen in focus in risk off start to the trading day.
It was a risk off start to the trading day with the Japanese yen being bought universally across the market, and with the focus on the Aussie yen in particular. The Quantum currency array indicator highlighted this perfectly in the session with some excellent price action.
You can check out all the tools and indicators at https://www.quantumtrading.com and the full education program at https://www.quantumtradingeducation.com...
