https://youtu.be/F97OuXpR7ws
How to Use the Currency Dashboard – and Much More on Trading Yen Pairs
Another excellent session in the London forex markets as we explain how to use the currency dashboard and the components of the currency strength indicator, the currency matrix, the currency array and finally the currency heatmap. Then we cover some great volume-price analysis lessons on GBP/JPY and EUR/JPY, with the volatility indicator in evidence as always!
The Quantum Currency Dashboard is a complete relational toolkit for forex traders. It combines four indicators: Currency Strength Indicator, Currency Matrix, Currency Array, and Currency Heatmap. This dashboard reveals market sentiment instantly. It's especially powerful for trading yen pairs (JPY crosses). These are driven by safe-haven flows and risk sentiment. Volume price analysis (VPA) confirms signals with conviction.
Step-by-Step: Using the Currency Dashboard
Open the dashboard on MT5 or NinjaTrader:
Currency Strength Indicator Ranks currencies live. Strong at top, weak at bottom. Start here—spot relational leaders.
Currency Heatmap Colors pairs by intensity. Deep green...
https://youtu.be/nSQDTEZofCw
More Volume Price Analysis Lessons in the London Forex Session
The London forex session offers more volume price analysis (VPA) lessons. High liquidity creates clear signals. Volume surges early. This reveals true market intent. Traders learn to spot conviction quickly.
More great volume price analysis lessons this morning in the London forex session as we focused on the British pound, with further volatility expected as Brexit continues to exert its influence across the complex.
But we started with a look at the NZD/CAD on the daily timeframe which continues to remain firmly anchored to the top of the heatmap, as we wait for the pair to weaken and move away from this extreme position. As always, patience is required, and the approach here is the same, whether for the currency strength indicator or the currency heatmap when trading extremes. For the former it is the currencies themselves, and for the latter it is the currency pairs. In either case, patience is required along...
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/tYxQgRGHcjI
How the MT5 Currency Matrix Reveals Market Sentiment
The MT5 currency matrix reveals market sentiment clearly. It displays relational strength across all major pairs. A heatmap format ranks currencies visually. Strong ones appear in green. Weak ones show in red. This exposes overall mood instantly.
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...
