Currency indicators in focus in the London forex session

Currency indicators in focus in the London forex session

All the currency indicators for MT5 were in focus in this session with the pound complex delivering some excellent moves in the GBP/JPY, the GBP/CHF and the GBP/CAD. In this session we also explain the importance of the volume point of control and understanding support and resistance, whether price based, or volume and time. https://youtu.be/YbIlsk7SPjA...
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Index scalping using 15 second charts on NinjaTrader

A terrific index trading session yesterday using the Quantum Trading tools and indicators for NinjaTrader, and despite the price action being narrow on the day, moving to the ultra fast seconds charts opened up the trading options. Using volume price analysis combined with the Quantum tools delivered some great trading opportunities, despite all the primary US indices trading in a narrow range for the session. https://youtu.be/8fwqHVe575s...
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Timing using the currency strength indicator and the currency matrix

Timing using the currency strength indicator and the currency matrix

Trading success is all about timing and here we use the currency stregth indicator and the currency matrix to explain the principles. https://youtu.be/LMgQgIjTpPM...
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European data drives the forex market in early trading

European data drives the forex market in early trading

It was all about the euro in early trading with the currency strength indicator, the currency matrix and the currency array all in focus in the forex trading session. https://youtu.be/jeoO0esSLBc...
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Where next for the USD and gold ahead of NFP?

Where next for the USD and gold ahead of NFP?

Over the last few days the US dollar has seen some much-needed upside momentum which in turn has driven the price of gold lower. So how much longer is the is the US dollar set to rise, or for gold to fall? https://youtu.be/2q7Ev2V7ASQ...
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The currency heatmap leads the way

The currency heatmap leads the way

In this morning's session, one of the key indicators we focused on was the Quantum Trading currency heatmap, and the many ways it can be used, whether for longer term traders, or intraday scalping and swing trading opportunities. The currency heatmap delivers all the information in a single screen, delivering changes in sentiment from the fastest to the slowest timeframes, whilst also offering a ranking ladder of currency pairs at the extremes and therefore likely to reverse in due course. The currency heatmap is one of the four indicators on the currency dashboard, and this morning's forex trading session over delivered in every respect, as the currency strength indicator highlighted instantly those pairs offering trading opportunities, and those to avoid and leave alone. And from there, it's off to the charts, and then back to the currency matrix and the currency array to help confirm our trading decisions. https://youtu.be/BZ2qffQoq0w...
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The volume point of control confirmed it all!

The volume point of control confirmed it all!

Another session for day trading the US indices where patience and more patience was required, but as always it’s volume spread analysis coupled with the Quantum Trading tools and indicators which helps to keep us safe and stop us from jumping in and then regretting this decision. The volatility indicator was once again much in evidence as indeed was the accumulation and distribution indicator for NinjaTrader, helping to define those key levels of price support and resistance which are so important. The volume point of control was also much in evidence with the primary US indices of the ES, the YM, and the NQ all rotating around key levels as price agreement was reached in the faster timeframes. The tick charts too also confirmed this lack of interest and participation with the tickspeedometer indicator delivering very clear messages of danger ahead as the red warning signals flashed loud and clear. The messages were clear – wait and be patient. The trades...
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Volume price analysis and the British pound

Volume price analysis and the British pound

Another interesting session with the British pound once again in focus for several reasons. First of course Brexit continues to dominate the news, and whenever an item of fundamental news is released it is the context of the bigger picture, and therefore has relatively little impact. Second, a volume price analysis anomaly was clearly in evidence on the daily chart for the GBP/AUD. Here we saw a wide spread up candle, yet the associated volume was not in agreement with such a strong move. Clearly the market makers were not participating in the move higher, with the pair duly rolling over a few days later to deliver a clear trading opportunity to the short side. Finally we focused on the new release of retail sales to demonstrate volume price analysis in action on the 1 minute timeframe, and moreover the trap moves initiated on any such release, with the volatility indicator revealing its true power. https://youtu.be/bb_ENLt0X8o...
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London forex session delivers great trading & volume price analysis lessons

A terrific trading session which once again had so many lessons for traders in all timeframes, emphasizing the power of volume price analysis and supported by the Quantum Trading tools and indicators. As so often happens at the session crossover periods, reversals take centre stage as the market makers move in to trap traders into weak positions. Putting Brexit to one side, the focus here was on the commodity currencies and in particular the cross-currency pairs of the euro, the Aussie dollar, and the Canadian dollar. The forex market is one of mean reversion and none more so at these times, when the market makers are at their most active. For the EUR/AUD the solid bearish trends intraday were duly reversed, but as always it's a question of identifying whether this is a change from a primary bearish to a primary bullish trend, or simply from a primary bearish to a secondary pullback or reversal before the primary is re-established once again....
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Potential reversals now ahead after the storm of last week!

In this morning's forex session we looked at some of the interesting setups now on the horizon using the longer term perspective of the currency heatmap. The currency heatmap can be viewed in much the same way as the currency strength indicator. For the heatmap, we consider pairs rather than currencies, and a great way to use the indicator is to look for the extremes as potential reversals, and with the yen now weakening following the flash crash, and coupled with a shift in risk sentiment, these now look good prospects for the longer term. At the other end of the ladder, we have several euro cross pairs to consider. And all, of course, confirmed with volume price analysis and the Quantum Trading tools and indicators for MT4/5 and NinjaTrader - and more recently TradingView. https://youtu.be/cfzpUT701Dk...
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