The Wyckoff cycle moves from a buying climax to a selling climax and back again in all timeframes. In this video we explain the principles as seen recently on the GBP/JPY during the recent volatility associated with the pandemic.
https://youtu.be/HaQ4wPYlENM...
Why use tick charts for trading and what they reveal to you as a trader. And the short answer is momentum, something you never see on a time based chart.
https://youtu.be/ws1AF4RJSj8...
https://www.youtube.com/watch?v=_UvB2SBMUx8
In this morning's London forex webinar our focus was on the yen pairs as improved market sentiment had seen some great moves in both aud/jpy & nzd/jpy. Gbp/jpy had been lagging but strong buying of the British pound helped to propel the pair higher. The webinar also considered using multiple time frames to find significant levels of support and resistance to help determine whether the trend would continue or not....