https://youtu.be/cDz2mmr1l48
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 watch over the next few days and weeks.
The euro aussie is always an interesting pair to trade through Europe and into London as the strong cross flows from the Southern Hemisphere then meld into the European currency markets....
A great forex session and one where we were truly spoiled for choice, with the US dollar leading the way as safe haven flows saw the currency of first reserve rise strongly as European markets opened. This was countered with equally strong selling in several different currencies including the Australian dollar, the euro and the pound and clearly signaled on the currency strength indicator.
The move in the euro was triggered as a result of problems once more in the Italian banking system, an issue which like Greece, has never been resolved, and which is now rising once again to the
surface. But in this session we focused on one of these, the Aussie dollar which delivered a wonderful trend lower, and confirmed with all the associated indicators of the currency heatmap, the currency array and the currency matrix, with safe haven flows driving the US dollar, and equally strong bearish flows driving the Aussie, and combining in wonderful trading opportunity to...
https://youtu.be/LN4yZczBt0s
In this morning's forex session David and I started with a look at the EUR/CAD, a pair I highlighted a few days ago on my site, and one which was an interesting confluence of the fundamental, the technical and the relational and something we cover in great detail in the Quantum Trading forex education program.
We then moved to consider some of the strong moves overnight for both the euro and the Japanese yen and the start of the European session was noteable for the congestion phases building around the volume point of control on the faster charts. It is as these points that markets are in price agreement, with the VPOC itself acting as the fulcrum of the market with no bias. The analogy here is of a see-saw, with both sides of equal weight. Once bearish or bullish sentiment develops, this then moves the price action away from the volume point of control and driven by volume as the...
https://youtu.be/QQvzkV2brBE
Another great session this morning with David and myself as we showcase the Quantum Trading tools and indicators through the European open and into the London session, and the two currencies we focused on here were the British pound and the euro. As you would expect these are the currencies that take centre stage as European markets open, and we were not disappointed with the euro finding some positive sentiment and sending it firmly higher against the US dollar which was equally bearish on the faster timeframes, and so developing a nice trend. And of course this was clearly in evidence on the currency strength indicator on both the MT5 platform and the NinjaTrader platform.
One of the key issues when trading any pair is to understand whether the sentiment for the currency is universal across the currency complex, and here the currency matrix and the currency array step in to help and display this instantly and in all timeframes. This...
https://youtu.be/JQuxJBCsZEs
In this video we focus on the currency matrix and how to use it in combination with the currency strength indicator. In this example from early in the London session bullish sentiment for the euro drives several pairs but the euro yen really does deliver, and we return to follow the price action later in the morning, as this pair continues to rise strongly. A fantastic example and supported of course by the Quantum currency strength indicator and the other tools and indicators on the charts themselves.
Understanding universal sentiment and flow is key to currency trading success, and the currency matrix indicator for MT5 delivers, visually and clearly in all time-frames showing you instantly which pairs are rising strongly and which perhaps are not following the general market sentiment....
https://youtu.be/nPZJa2zqzxA
A great session this morning with David and myself and we started with the EUR/AUD which has been rising strongly for the last few days, and one of the lessons from our private trading chat room where we support our forex education program members. This was an example of an annotated chart of the EUR/AUD posted in the forum in real time and explaining some of the key VPA lessons. One of the hardest things to do in trading is to stay in a trend once a position begins to develop into profit, particularly when the trend pauses and starts to pull back or reverse.
This happens in all timeframes and is when the market pauses and moves into congestion. So how do we know whether this is a true change in the primary trend, or simply a move into a secondary trend before re-establishing the primary trend once more, and this is where volume price analysis steps in. This is...
https://youtu.be/8CNbdPQ_fow
The euro has been selling heavily in the early part of the London trading session, with the currency array indicator displaying this clearly on the 15m timeframe. The only pair lagging is the EUR/CHF, with all the other pairs neatly stacked at the bottom of the ranking ladder and now offering potential reversals from the over sold condition on the faster timeframe. The chart alongside for the EUR/USD reflects this bearish sentiment and here we have the accumulation and distribution indicator displaying the various levels of potential support and resistance. The indicator works on the price action and signals those areas where levels have been tested from above and so are likely to act as support, and those where price has been tested from below, and therefore likely to act as resistance.
And of course for reversal traders this is a great time to spot those phases where a currency or currency pair is heavily overbought or oversold. Here the euro...
https://youtu.be/nKQ7QhwxWng
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 search out the 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....
https://youtu.be/y_1RtKZFI3U
In this video we explain how to use the currency strength indicator and the currency array indicator in tandem, as they reveal the opportunities available for selling the US dollar. The two indicators are part of the Quantum Trading currency dashboard with the currency matrix and the currency heatmap then completing the full complement of MT5 indicators for trading forex.
Here we have a great example of the importance of seeing the universal market sentiment. The market is selling the US dollar across the US dollar complex, and so trading with the flow of sentiment is a lower risk proposition. As we can see, this is clearly revealed on the currency array, as indeed is the strength of the momentum in the pairs. In addition, the currency strength indicator is also revealing this very strong negative sentiment towards the US dollar by the steepness of the lines on the indicator, with the Canadian dollar being bought equally strongly, along with the...
https://youtu.be/tYxQgRGHcjI
In this video which comes towards the end of the London session and the start of the US session, we highlight how the currency matrix helps to identify the universal sentiment to the Canadian dollar. In this example the USD dollar has been strongly bullish before reversing to bearish and coupled with very strong buying of the Canadian dollar which is shown on the currency strength indicator.
On the currency matrix we then isolate our the Canadian dollar which confirms that sentiment across the CAD complex is universal. In other words, the CAD is being bought against all other primary currencies and as revealed on the 10 minute ranking ladder with the 20 minute timeframe starting to develop in the same way.
Discover more about the Quantum Trading indicators at https://www.quantumtrading.com...
