https://youtu.be/0ZlS9mb5xto
In this session Anna and David look at some key stocks and what they said last year, and where they are now. These included Macy, General Electric, Trip Advisor and Kroger and all covered in Anna's book Stock Trading and Investing Using Volume Price Analysis. Some great examples of volume price analysis in action and whether you are an investor or stock trader, the lessons here can be applied across all timeframes and markets. And ofcourse, supported by the tools and indicators for NinjaTrader from Quantum Trading.
You can find all the analysis of these stocks in Anna's book, Stock Trading & Investing Using Volume Price Analysis on Amazon.
What this session also shows is how the Quantum Trading tools and indicators can be applied to all markets and all timeframes. In this session we were considering the daily and weekly timeframes for stocks using the NinjaTrader tools and indicators....
https://youtu.be/y_1RtKZFI3U
In this video we explain how to use the currency strength indicator and the currency array indicator in tandem, as they reveal the opportunities available for selling the US dollar. The two indicators are part of the Quantum Trading currency dashboard with the currency matrix and the currency heatmap then completing the full complement of MT5 indicators for trading forex.
Here we have a great example of the importance of seeing the universal market sentiment. The market is selling the US dollar across the US dollar complex, and so trading with the flow of sentiment is a lower risk proposition. As we can see, this is clearly revealed on the currency array, as indeed is the strength of the momentum in the pairs. In addition, the currency strength indicator is also revealing this very strong negative sentiment towards the US dollar by the steepness of the lines on the indicator, with the Canadian dollar being bought equally strongly, along with the...
One of the keys to success as a forex trader is in being able to see currency strength and weakness instantly and across the timeframes, and in early trading this morning we have a classic example described by the Quantum Trading currency strength indicator across the faster timeframes. Here we see the strong buying of the British Pound ( the yellow line) and also the Euro ( the orange line) from the 5 minute through to the 30 minute chart. With both currencies rising so strongly and across the timeframes, it is simply a question of deciding which pair to focus on as the counter currency and trade accordingly.
This set up is one we are looking for constantly, as the reversal in the faster timeframe is then confirmed by its appearance in the slower timeframes 'downstream'. This can be thought of as the ripples on a pond from throwing a stone, with the water then moving steadily away from the...
https://youtu.be/Rk4r7QMSd6Q
In this video we explain how to isolate out the currency pair using the currency strength indicator, and then to add further focus to the chart by including the currency index in our trading work-space.
In this example it's the GBP/JPY which is our focus, and on the currency strength indicator all the other currencies have been turned off, allowing us to see instantly and clearly where the two currencies are in their journey. This can be done easily and quickly using the toggle buttons on the indicator.
Here we can see the Yen is rising strongly and the British pound is falling strongly and so developing the strongly bearish trend we see on the chart. In other words the perfect combination, where we have strength in one currency reinforced with weakness in the other. This is confirmed by the trend monitor indicator, the support and resistance indicator and of course volume.
Finally to help focus further on this pair, we have added...
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...
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...
Following last week's turbulent price action, no surprise that today the markets have been a litte muted with the added bonus the Shanghai Composite only fell 5% in overnight trading. And with Japan closed for it's annual Coming of Age Holiday even the Nikkei could take a day off!
Meantime last Friday the euro was the currency to watch as it ended the trading week on a burst higher against most of its counterparts, and posting very positive candles on the daily charts. However, despite an early follow through today's trading session for the euro has been marked by some great trades to the short side, in particular against the USD, the Aussie, GBP, NZD & CAD.
The euro daily matrix illustrates this perfectly with the eur/usd, eur/gbp/ & eur/aud all exhibiting similar price action. The exception had been the eur/nzd, but here too the euro appears to be moving back to test the VPOC (volume point of control) at 1.6420.
Against the...
Thanks to everyone for coming along to our forex webinar for the London session earlier, where our focus was the euro & eurodollar, particularly with some pretty heavy option expiry strike prices due up later today. Also in view was the kiwi which was in a similar state to the British pound ahead of Chancellor Osborne's autumn statement. In other words totally beaten down across multiple time frames, and despite various efforts to rise kept falling back into oversold territory. Interesting to see the Kiwi (white line) has now moved off the floor on the 30 & 60 min CSI.
Also note the USD (the red line) is very overbought, so we need to keep an eye on what it is likely to do the remainder of the day. What happens in our next webinar for the US session is difficult to tell given it was Thanksgiving yesterday, and today is Black Friday. Appreciate it's not a national holiday, but given many in the...
This morning's highlight comes from Chancellor George Osborne here in the UK with his Autumn Forecast Statement, so expect lots of smoke & mirrors, volatility and opportunity to shake traders out of the market.For the British pound complex on the faster time frames, it's been a case of some good moves lower against USD, JPY & euro. The hourly currency strength indicator is also highlighting the GBP as heavily oversold, but as we have said many times in our forex webinars - currencies, markets and instrument can stay stubbornly over extended much longer than we think. And as we also say in the webinars your time horizon will always be a factor in any trading decision, and also help to quantify the level of risk associated with that trade.
Discover more about the currency strength indicator here....
