Euro index on MT5 now available

Euro index on MT5 now available

by harrybertieqt2013 Comment Closed
We now have a euro index for MT5 which can be invaluable when trading a pair such as eur/jpy which has been in an uptrend since yesterday. What's interesting about this move higher on the hourly chart is how in one move we have at least three different types of sea states. The beginning of the move higher (as denoted by trend monitor turning blue) is characterized by a trend without volatility as the pair moves gently higher before the price action goes into congestion with trend dots turning grey. We then see two strong volatility candle as the result of the BOJ & on the faster time frames we would have seen plenty of whipsaws with many traders attempting to catch some pips. However, this injection of energy into the pair has resulted in a continuation of the trend, but this time with momentum as we wider spread up candles & a much steeper incline. Typically after many such moves...
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The three indices we often forget as forex traders!

by harrybertieqt2013 Comment Closed
https://youtu.be/lYtz5YrK5ro The Three Indices We Often Forget as Forex Traders! Forex traders focus heavily on currency pairs. But intermarket analysis is key. Three indices often get overlooked. They drive risk sentiment and currency flows. Ignoring them misses big clues. These three indices complete relational analysis. Combine with Quantum indicators on MT5 or NinjaTrader for fuller context. Anna Coulling's VPA approach integrates them seamlessly. Don't forget—markets are connected! 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. Using the tab feature in NinjaTrader 8 offers a compact and efficient way to monitor these key currencies across all timeframes whilst optimising screen space. This allows you as a forex trader to track these currencies, and from there have...
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