In the London forex trading session we take a look at some recent trades and in particular the levels of key areas using both price and volume. The dynamic support and resistance indicator delivers these on the MT4/5 platform along with the Camarilla levels indicator.
https://youtu.be/wM6SH96NROY...
Combining time and Renko charts along with our Quantum indicators can help traders find potential trading opportunities and once entered Renko charts are invaluable in staying in the trade.
A great example from a move lower in the gbp/jpy forex pair but we can apply the same principles to other markets.
By Anna Coulling
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Plenty of great trades in the yen, US dollar and Swiss franc as risk on dominates following the FED and ahead of the BOE and ECB decisions as we come to the end of the trading year, US markets determined to end the year on a high!
https://youtu.be/imLeoPSMQk4
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When it comes to levels and flow trading forex, check out the Camarilla levels indicator. Trading forex is all about levels and flow and one of the most powerful indicators to do the heavy lifting of defining these for us is the Camarilla levels indicator. In addition on both TradingView and NinjaTrader we also have the accumulation and distribution indicator - another excellent tool which can be used in conjunction with the Camarilla levels indicator.
https://youtu.be/7D3oZxmvRdI...
Currency Futures and Index Futures Deliver in the US Session
Currency futures and index futures often deliver strong moves in the US session. Overlap with New York brings high liquidity. Volume surges create clear trends and breakouts. Traders find reliable opportunities here.
Currency futures and index futures really delivered in the US sessions ahead of the key FOMC release later in the day with the US dollar rising strongly and indices falling in Globex. On Tradestation Global using 9.5 and the Interactive Brokers feed, this was all too evident across currency futures with a sea of red on Radarscreen.
Volume Price Analysis in the US Session
Volume price analysis (VPA) shines during US hours. High volume on futures moves shows conviction. Currency futures like 6E (euro) or 6B (pound) react to dollar flows. Index futures like ES or YM capture equity sentiment. Quantum indicators on NinjaTrader highlight these signals.
Why This Session Stands Out
US session volatility rewards prepared traders. Watch for continuation from London or...
Using the Currency Strength Indicator to Identify Forex Trading Reversal Opportunities
As we approach the year-end, for forex traders this represents a great time of year with plenty of volatility as volume falls in the run up to the holiday season. But this delivers plenty of excellent trading opportunities and the starting point as always is the currency strength indicator which helps to identify when a currency is overbought to oversold and hence guides you to the opportunities immediately. From there, it's off to the charts, and check out the volume associated with any moves as you look for primary to primary trend reversals.
The currency strength indicator is a key tool for spotting forex reversals. It ranks currencies by relative performance. Extreme readings often signal overbought or oversold conditions. This highlights potential turning points before price fully reacts.
Combining with Volume Price Analysis
Volume price analysis (VPA) strengthens reversal signals from the indicator. Look for divergence: a currency at extreme strength but price...
