https://www.youtube.com/watch?v=vgRHqIqe2HA
Gaps Are Traps
Gaps in price charts often look exciting. They promise quick profits. But gaps are traps for many traders. Price jumps leave empty space. This attracts chasing buyers or sellers. Volume price analysis (VPA) reveals the truth.
Gaps can indeed be traps as this chart from the YM shows. The price action is from our London forex webinar and forex traders may be wondering why they should be looking at related markets as the futures. And the answer is for a view on broader market sentiment which will then be reflected in the buying or selling of currencies that reflect risk appetite such as the Japanese yen.
Why Gaps Become Traps
Gaps form on news or low liquidity. Retail traders rush in. Professionals fade the move. High volume filling the gap shows conviction. Low volume gaps persist longer. Quantum indicators on NinjaTrader or MT5 highlight gap behavior clearly.
Avoiding Gap Traps with VPA
Wait for volume confirmation before entering. Gaps filling with strong volume...
https://youtu.be/cDz2mmr1l48
A Great Forex Session for the Euro, Aussie and the Pound!
A great forex session unfolded for the euro, Aussie, and pound. These currencies showed strong moves. Buying pressure dominated. Traders spotted high-probability opportunities in EUR, AUD, and GBP pairs.
An excellent forex trading session with Anna and David of Quantum Trading, as Europe opens and followed by London. The focus this week was on the euro and the pound, with Anna tracking the GBP/USD as strong pound buying is counterbalanced by US dollar selling, but as always with an eye on the London open where reversals are always likely as this major centre opens for the trading day. One to watch at present is also the Swiss franc, not only for safe haven flows but also as result of the problems in Italy and the Italian banks, with many moving their cash across the border and into Switzerland as a result, so selling euros and buying the franc, so one to...
https://youtu.be/nKQ7QhwxWng
Aussie Dollar and Gold in Focus in the London Session
The Aussie dollar and gold take center stage in the London session. Both are commodity-linked assets. AUD reacts to risk sentiment. Gold often moves inversely to USD strength. Traders watch them for early clues.
In this morning's session once again we focus on some of the key concepts of support and resistance using the accumulation and distribution indicator for NinjaTrader and the dynamic support and resistance indicator for MT4/5. The AUD/USD provides some good examples from the faster to the slower timeframes as the pair tests a strong level of support in the session on the 60 minute chart.
One of the many trading concepts we also discuss is using multiple timeframes to identify levels in higher and lower timeframes. Finally we also look at support and resistance from the aspect of overbought and oversold with the currency strength indicator for NinjaTrader.
Volume Price Analysis Insights
Volume price analysis (VPA) reveals connections. High volume on...
