Nice pips on the GBP/NZD as the Quantum Trading tools and indicators confirm the move signalled by volume price analysis
https://youtu.be/A0EVn3mvMdU...
IN this session from the London forex session we explain how to use the currency strength indicator to help you get into a trend.
https://youtu.be/P_dc3igYbq8...
In the London forex session we explain how to apply some of the currency trading tools and indicators for MT5 and Ninjatrader on time based charts, before moving to the renko indicator with the trend monitor and trends indicators.
The currency in focus was the euro across the complex with strong moves for the pound and the US dollar.
https://youtu.be/kkPpVhA-AQg...
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...
https://youtu.be/uqUt3dRh0Xo
In this morning's forex session with Anna and David of Quantum Trading, the session starts with Anna considering some of the fundamental drivers for the British pound, and of course Brexit. Over the next few months we are likely to see increasing volatility as the negotiations reach their conclusion. Whether agreement is reached or not, one thing you can be sure of is that each statement or announcement will send the pound sharply higher or lower across the complex.
The New Zealand dollar was the pair in focus on the NinjaTrader platform bringing together many of the VPA lessons on the faster timeframes, with a decisive move lower signalled across the complex on the currency array and also on the currency strength indicator. One of the key issues for all traders managing the emotional stress created when a market pauses and reverses, in other words from the primary into the secondary trend, before establishing the initial trend once more. Here we...
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...