What the currency strength indicator also reveals!
https://youtu.be/gx-c8nzLV2s...
How to use the currency dashboard and much much more!
Another excellent session in the London forex markets as we explain how to use the currency dashboard and the components of the currency strength indicator, the currency matrix, the currency array and finally the currency heatmap.
Then we cover some great volume price analysis lessons on the GBP/JPY and the EUR/JPY, with the volatility indicator in evidence as always!
https://youtu.be/F97OuXpR7ws...
More volume price analysis lessons in the London forex session
More great volume price analysis lessons this morning in the London forex session as we focused on the British pound, with further volatility expected as Brexit continues to exert its influence across the complex.
But we started with a look at the NZD/CAD on the daily timeframe which continues to remain firmly anchored to the top of the heatmap, as we wait for the pair to weaken and move away from this extreme position. As always, patience is required, and the approach here is the same, whether for the currency strength indicator or the currency heatmap when trading extremes. For the former it is the currencies themselves, and for the latter it is the currency pairs. In either case, patience is required along with wide stop loss positioning and then waiting for the move to develop.
From there we moved to the British pound and in particular a move on the GBP/JPY with several signals suggesting a reversal following the initial move...
Cycles explained with the currency strength indicator and volume price analysis
https://youtu.be/wIBw-heIsts
In this morning's forex trading session, David and I explained the price cycle for forex markets, and through the prism of the Quantum Trading currency strength indicator. This indicator for MT4, MT5, and NinjaTrader describes the journey every currency makes from overbought to oversold and back again and reflecting the Wyckoffian principles of primary and secondary trends, as well as explaining how markets move from accumulation to distribution and back again in all time-frames.
All of this is of course underpinned by their core methodology which is volume price analysis and which is complemented with the full suite of tools and indicators from Quantum Trading.
By Anna Coulling
Charts from MT5 and NinjaTrader...
MT5 currency matrix delivers a great eur/jpy trade!
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....
How the MT5 currency matrix reveals market sentiment
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...