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...
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.
https://youtu.be/Ki9Wbj6p7oo...
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.
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Learn how to identify the best trading forex trading opportunities using the Quantum Trading currency tools and indicators and applying the volume price analysis methodology. The currency dashboard is key to this approach, starting with the currency strength indicator which reveals when currencies are moving strongly higher or lower, or reaching oversold or overbought regions. Then the currency matrix and the currency array step in to reveal the same principles but in terms of the currency pairs themselves. Multiple timeframes also play a key part whether used on the indicators themselves or the charts and this is an interative process moving from one to another to select the best opportunity in your chosen timeframe.
https://youtu.be/S0m3OiUuw9c...
With Brexit once more in the headlines it's the British pound which is delivering some great forex trading opportunities across the pound complex and worries concerning a no deal surface once more and drive the currency lower on the daily timeframe. But remember, when a currency is driven in this way expect to see volatility and plenty of trap moves intraday which is where the volatility indicator steps in. And the news for the pound was made worse by the release of news concerning a vaccine trial which had run into problems. So not a happy time for the pound at present!
https://youtu.be/s8mBkIEETOo...