When currencies are moving in the same direction expect congestion as there is no force driving the two apart. When there is divergence, a trend develops and all is revealed on the currency strength indicator, whether for NinjaTrader, MT4, MT5 or TradingView.
https://youtu.be/-5ubJ29_EsQ
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https://www.youtube.com/watch?v=YxYx_rC9Lx8
Oil was one of the casualties of yesterday's market meltdown and in this video, we have some dramatic price action in the WTI contract highlighted by our Quantum indicators in multiple time frames.
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https://www.youtube.com/watch?v=_UvB2SBMUx8
The Importance of Trading with Multiple Time Frames (NinjaTrader)
Trading with multiple time frames is essential for success. It provides context. Higher timeframes show the big picture trend. Lower timeframes reveal precise entries and exits. This alignment reduces false signals. NinjaTrader excels for multi-timeframe trading.
In this morning's London forex webinar our focus was on the yen pairs as improved market sentiment had seen some great moves in both aud/jpy & nzd/jpy. Gbp/jpy had been lagging but strong buying of the British pound helped to propel the pair higher. The webinar also considered using multiple time frames to find significant levels of support and resistance to help determine whether the trend would continue or not.
Why Multiple Time Frames Matter
Single timeframe trading misses the full story. A 5-minute chart looks bullish. But daily shows downtrend. Multiple views align direction. Volume price analysis (VPA) confirms strength across frames. High volume on higher timeframe moves validates lower timeframe setups.
VPA and Quantum Tools on NinjaTrader
Volume price...
https://www.youtube.com/watch?v=dTKvytVb4f8
Volume price analysis can be applied to all markets and time frames and when combined with the Quantum indicators. In this video we first looked at market sentiment through the prism of the Japanese yen and whether the open of the London session would continue the positive vibe Asia Pac or whether a reversal would be on the cards....
https://www.youtube.com/watch?v=yjC16ZECMHM
Market Sentiment Analysis Using AUD/JPY
AUD/JPY is a powerful pair for market sentiment analysis. It combines commodity-driven AUD with safe-haven JPY. This creates clear risk-on/risk-off signals. Traders watch it closely for global mood.
A new trading week has seen market sentiment soar following the long Memorial Day holiday. For forex traders, the currency pair that best captures market sentiment is the aud/jpy which had already surged higher by the open of the London forex session. In this excerpt from this morning's webinar, we considered the trend in aud/jpy in multiple time frames.
Why AUD/JPY Reflects Sentiment
AUD thrives in risk-on environments. Strong commodities and growth boost it. JPY strengthens in risk-off periods. Investors seek safety during uncertainty. Sharp moves in AUD/JPY highlight sentiment shifts. Volume price analysis (VPA) confirms conviction—high volume on upticks shows risk appetite.
Practical Application with Quantum Tools
Use the currency strength indicator to rank AUD and JPY. Extremes signal sentiment extremes. Quantum matrix on MT5 or NinjaTrader visualizes this relationally. Rising AUD/JPY...
https://www.youtube.com/watch?v=s8YEo5dDJqM
Volume price analysis is a universal trading and investing methodology and here it is in action on the silver futures chart.
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https://www.youtube.com/watch?v=b95ssPUkTHY
Support & Resistance Trading & Candle Patterns
Support and resistance trading forms the backbone of technical analysis. These levels act as barriers. Price often bounces or breaks at them. Candle patterns add confirmation. They show buyer/seller battles at key zones. Support & resistance is a key element of classic technical analysis and one of the five pillars of volume price analysis. And when combined with support & resistance from both a price and volume based perspective will give traders and investors additional confidence in identifying whether a trend is likely to reverse or not.
Key Candle Patterns at Levels
Reversal patterns like hammers or shooting stars shine at support/resistance. A hammer at support signals buying pressure. Doji candles show indecision. Engulfing patterns indicate strong shifts. Volume price analysis (VPA) validates these—high volume on reversal candles confirms conviction.
Practical Application
Combine levels with patterns for better entries. Wait for candle close at support/resistance. Check volume for strength. Quantum indicators on NinjaTrader or MT5 highlight levels and...