tools for forex Archives - Page 2 of 5

Using the currency strength indicator to identify forex trading reversal opportunities

December 15, 2020January 10, 2026 by harrybertieqt2013 Comment Closed

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...

Creating a perfect workspace on MT4/5 for trading forex

November 17, 2020January 6, 2026 by harrybertieqt2013 Comment Closed

How to create the perfect five chart workspace for trading forex. https://youtu.be/5enVxVkeQFo...

How to use the currency matrix to focus on the US dollar for spot and currency futures

November 3, 2020January 6, 2026 by harrybertieqt2013 Comment Closed

Ahead of the US election, all eyes are on the US dollar. In this video from the London forex trading session we show you how to use the currency matrix to focus on the US dollar for spot and currency futures https://youtu.be/fwHmbnfqqDI...

Volume price analysis examples in forex

October 27, 2020January 10, 2026 by harrybertieqt2013 Comment Closed

Volume Price Analysis Examples in Forex Volume price analysis (VPA) is a powerful method for forex trading. It combines price action with trading volume. This reveals true market intent. High volume on moves shows conviction. Low volume warns of weakness. Here are practical examples. Volume price analysis examples in forex. Real-world volume price analysis examples in forex trading where the Quantum indicators clearly illustrate accumulation, distribution, and reversals. Example 1: Accumulation in EUR/USD EUR/USD tests support. Price holds steady. Volume rises on down candles. This signals accumulation—buyers stepping in quietly. A bullish candle on high volume confirms reversal. Quantum Accumulation/Distribution indicator highlights this phase early on MT5. Example 2: Distribution in GBP/USD GBP/USD rallies to resistance. Price makes new highs. But volume falls. This divergence shows distribution—sellers unloading. A bearish engulfing candle on volume spike signals reversal. Trend Monitor on NinjaTrader stays aligned for short entries. Example 3: Breakout Confirmation in USD/JPY USD/JPY consolidates. Price breaks resistance. High volume accompanies the move. This validates breakout strength. Low volume...

A classic trap move on the GBP/AUD on the 10 minute chart – hard to miss this one!!

October 14, 2020January 10, 2026 by harrybertieqt2013 Comment Closed

A Classic Trap Move on the GBP/AUD on the 10 Minute Chart – Hard to Miss This One!! GBP/AUD delivered a classic trap move on the 10-minute chart. Price spiked sharply. Traders chased the breakout. But it was a fakeout. Volume price analysis (VPA) made it hard to miss. There are always traps being laid for the unwary trader, but for students of the volume price methodology these are always very easy to see, and in the London forex session we highlight one on the GBP/AUD on the 10-minute chart which was hard to miss!!A classic trap move on low volume with a nice wide spread up candle....then congestion and the reversal follow. Price action traders would have followed this one higher. Volume price analysis traders would have closed out, and then joined any reversal lower. Spotting the Trap with VPA The spike looked bullish at first. Price broke resistance fast. Many bought the move. But volume was low—no conviction. This screamed trap. Quantum...

Forex tools for trading reversals

October 8, 2020January 6, 2026 by harrybertieqt2013 Comment Closed

https://www.youtube.com/watch?v=DLdm6eOAuGY&ab_channel=AnnaCoulling As forex traders, we need to understand the importance of getting to know your currencies and currency pairs and when they are likely to be moving the most. In this video, we consider how the specialist Quantum forex tools can identify strong flows not only into individual currencies but also currency pairs. And we also explain how the US session has two opens - the start of the US forex session and the open of the cash market when sentiment may be the bigger driver. ...

Trading the currency of first reserve with confidence using volume price analysis

September 22, 2020January 6, 2026 by harrybertieqt2013 Comment Closed

In this segment from the forex trading session this morning we focus on the currency majors and explain how to use the spot markets and futures markets to identify flows, and also reveal different relationships using volume price analysis. And late in the session we pick up a nice reversal trade which is signalled with strong buying volume and the currency which is heavily oversold on the currency strength indicator. https://youtu.be/NrF8j0XGJjg...

Assessing risk and reward the correct way!

September 16, 2020January 10, 2026 by harrybertieqt2013 Comment Closed

Assessing Risk and Reward the Correct Way! Many traders insist on fixed risk-reward ratios like 2:1 or 3:1. This seems simple. But it's often nonsense. Rigid rules ignore market context. Volume price analysis (VPA) offers a better way. Let the chart decide risk and reward naturally. Many traders talk of risk and reward and the fact they do not take a trade unless there is a 3 to 1 risk reward ratio or 2 to 1 - but how do they know, and does the market actually care what they need or want! There is a simple and logical way to assess the risk on each trade, and any potential reward by studying the chart and from there deciding whether to take the trade or not. The chart will reveal in multiple timeframes what is ahead and therefore likely to offer support or resistance, or where the market is likely to congest. Then and only then can you make a decision based...

How to start your forex trading day on MT5

September 16, 2020January 10, 2026 by harrybertieqt2013 Comment Closed

How to Start Your Forex Trading Day on MT5 Starting your forex trading day on MT5 sets the tone for success. A consistent routine builds discipline. Begin with preparation. Review overnight news and economic calendar. This avoids surprises in major pairs. At the start of the London forex trading session I explain how I use the currency trading dashboard for MT5 and the steps to follow in highlighting the opportunities ahead for the session. The currency dashboard comprises the currency strength indicator, the currency matrix, the currency array and finally the currency heatmap. All have a part to play and I start with the currency strength indicator which is our radar on the market and not hard to understand why. 1. It breaks the forex market down into the building blocks of the market – in other words the currencies themselves 2. This is always the place to start with any analysis of the FX market – the individual currencies – it reveals individual...

Forex trading success is all about choosing the right currency pair for a strong trend

September 9, 2020January 6, 2026 by harrybertieqt2013 Comment Closed

Forex trading success is all about choosing the right currency pair and the starting point is the currency strength indicator. Here strength and weakness in the individual currencies is revealed simply and clearly which is why we call it out sonar on the market. Like the device trawlers use to locate shoals of fish, so we use it to identify reversals and strong trends in the building blocks of the markets - the currencies themselves. However, when a currency is rising or falling strongly, this does not mean it is doing this across the complex, and so we are constantly looking for the a strong move for the counter currency in the opposite direction. So if the currency is rising strongly, we want to match it with one which is falling equally strongly. Why? Because this will deliver the greatest momentum in the trend. https://youtu.be/rS6hgiODSCA...