There are many traps set for the unwary forex trader and the London session crossover is one which occurs each day at precisely the same time. It is immensely profitable for the market makers as so many traders are unaware of this simple trap which plays on the fear of missing out, or FOMO. The volatility indicator is much in evidence and signals either congestion or a reversal from primary to primary trend.
https://youtu.be/8CI9gn59Tec...
All about sentiment at the London open of the forex session and a classic example of the importance of understanding the relational analysis which I cover in the complete forex education program which you can find here at https://quantumtradingeducation.com
https://youtu.be/kVPOzMjFESo...
A quiet session with the US markets closed for Thanksgiving, but nevertheless an interesting forex session with the currency strength indicator and the volume point of control indicator in focus.
https://youtu.be/ZLpJSmQTFLg...
With Fed Chairman Powell testifying during the session and markets listening to every word, it was time to move to the 15 seconds charts for some grab and run profits using the Quantum Trading tools and indicators with volume price analysis.
https://youtu.be/C43bjZEPnQk...
Once again it is the power of the volatility indicator which is revealed as the forex markets exploded into life ahead of the London open, with the Japanese Yen and the Swiss Franc selling off sharply, with equally strong buying of the commodity currencies. With the volatility indicator signalling a move outside the average true range, and with indices also spiking them reversing, a strong reversal then took place as expected.
https://youtu.be/_9OzIzwDDdU...
In the London forex session, the pair to watch was the AUD/CAD with the Aussie dollar rising strongly and the Canadian dollar falling equally strongly on the faster timeframes of the currency strength indicator, with the currency matrix indicator confirming this sentiment.
https://youtu.be/90P6wUlmqXE
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