All about the euro and the currency dashboard indicators
All the currency indicators working in harmony to identify opportunities for trading the euro at the start of the London forex session.
https://youtu.be/ZbMWkQkb5kY...
Trading trends using the Quantum Trading indicators
https://youtu.be/G5AuTI_EGQU...
Reading the currency matrix and great lessons on the GBP/CAD
In the US forex trading session we explain how to read the currency matrix indicator and some great volume price analysis lessons on the GBP/CAD.
https://youtu.be/mougU-kpkAs...
Terrific trade on the GBP/AUD – trend monitor keeping you in!
The London forex session delivered a terrific trade on the GBP/AUD, as strength in the Aussie dollar coupled with weakness in the British pound sent the pair falling overnight and into Europe. A great example of how to use the trend monitor indicator across multiple timeframes, and its power at keeping you in to maximise profits with the currency strength indicator signalling those all important reversals and pullbacks.
https://youtu.be/379jnwC3Jsw...
How to find the best trades using the currency strength indicator & currency matrix
The starting point for finding the best trades for forex starts with the currency strength indicator, and from there moving on to the currency matrix. Isolating out the currencies and using the bookmark function then provides an excellent focus.
https://youtu.be/AjnzbKyikpU...
Currency matrix reveals sentiment for the British pound
A terrific trading session as the London markets gets underway with heavy selling of the British pound across the complex and clearly signaled on the currency matrix indicator for MT5.
https://youtu.be/ZHhXr93Aowo...
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...
The three indices we often forget as forex traders!
https://youtu.be/lYtz5YrK5ro
In this video we explain the importance of understanding where the three major currencies are heading, whether intraday or on a longer term basis.
The three main currencies are of course the US dollar, the Japanese yen and the single currency of the euro. The Quantum Trading suite of tools and indicators delivers an index for all three, and using the tab feature of NinjaTrader 8 offers a compact and efficient way to monitor these key currencies in all timeframes, whilst optimising space on the screen. This allows you as a forex trader to track these currencies, and from there have a much clearer view of where each is heading which will then be reflected in the major currency complex or the cross currency complex accordingly.
The US dollar, the Japanese yen and the euro are three currencies which drive the forex market universally, and having this clear view is paramount to then understanding where the currency pairs themselves are heading individually....
Sterling bears out in force
A worse than expected UK manufacturing production figure of -0.4% against a forecast of 0.1% (-0.4% was the figure in December) has given sterling bears a further excuse to sell the currency, with some really nice downtrends in a number of GBP pairs. In addition industrial production also followed a similar trend coming at -0.7% against a forecast of 0%, and declining further against last month's number of 0.1%,
The data injected volatility into the sterling pairs, with volatility candles triggering in the faster time frames. Cable managed to find some minor support at 1.4458, before moving lower, and what is significant is that the hourly CSI is showing GBP as likely to be moving steadily lower, and we will have to wait for the US session to see if there is any halt to the current bearish momentum....
Kiwi roaring higher on the currency strength indicator
Good to see the Kiwi on a bit of tear (the white line on the currency strength indicator), but comes as no surprise given how oversold it was at the end of last week. We've been tracking the NZD/USD which has had a huge move higher overnight & broken through the VPOC on the daily chart and is now touching the 100 ma.
As we mentioned in yesterday's webinar although December price action can often seem erratic, it can nonetheless offer some great trading opportunities. And those of you who come along regularly to our webinars will know David & I are great fans of both the Kiwi and Aussie! You can register for the trading webinars here.
The hourly currency strength indicator is showing some great potential set ups. Have a great trading day....