None of us are patient, yet when it comes to congestion phases this is where patience really does pay off, as these are the price regions where trends are created and born. And remember Wyckoff's second law of cause and effect, the longer the cause the greater will be the effect. In other words this brings time into the equation.
https://youtu.be/J8UM_9HCQvA...
And some more terrific volume trading lessons in the spot forex markets on NinjaTrader, this time on the GBP/NZD another cross currency pair. This month has seen the British pound moving strongly driven by both the US dollar and also Brexit, but on the cross-currency pairs we see once again some excellent trends.
https://youtu.be/gJ3GUp1jP8o...
The agreement between EU member states on the bailout package would normally be perceived as good news by many forex traders, yet the euro has fallen. Here's why and it's all to do with the bond markets and in particular the spreads between Italy and Germany which hold the long term key for the direction of the single currency.
https://youtu.be/Uk2MxuLRCjI...
In the first part of the London forex trading session, I explain all you need to know to trade the euro with confidence ahead of a busy week for the single currency. And the question moving forward is whether Italy will be the next country to leave the EU and return to the lire which allowed it to manage the economy by devaluation.
https://youtu.be/KpNoRp923uM...
Throughout the trading session, volatility ebbs and flows and knowing when to trade and when to wait is key. In this session from the US futures trading session, we take a closer look at this aspect of trading through the prism of volatility.
https://youtu.be/9E9NzpFj54c...
Sessions crossovers arrive daily and the big one is always when the London forex market gets underway with the deepest liquidity. This is when the market makers are at their most active from 8am UK time with volatility, reversals and congestion following. Some of the traps are on high volume as the market makers participate, others on low volume, but all are clearly signalled with volume price analysis and the volatility indicator for MT4, MT5, NinjaTrader or Tradestation.
https://youtu.be/ddWmqMEWX6Y...
Volatility and news go hand in hand in the forex trading world and in this case it's the GBP/USD as Eruopean data is released with the PMI data for France and Germany with the volatility indicator for MT5 and NinjaTrader signalling this clearly in all timeframes.
https://youtu.be/4DOS5-a7dpk...
Many of the currency market pairs remain rangebound and trading in congestion ranges as risk on and risk off oscillates with the ebb and flow of pandemic news daily, with fundamental data taking a secondary role.
https://youtu.be/0fk3C9KbKOQ...
