Here at Quantumtrading, we understand that trading can be challenging, but by combing our Time-Adjusted Renko, (exclusive to Tradingview) and Camarilla levels, we were able to spot a great trade in the cad/jpy pair. The Renko helped us identify a potential entry point once the price had moved away from the volume point of control. We then used the Camarilla pivots to determine where the price might pause. Our Camarilla indicator provides traders and investors with different levels across timeframes. For charts up to, but not including, the hourly chart, the levels are refreshed daily. For the hourly to daily chart, they're valid for the week, and for the weekly and monthly charts, they're valid for the entire month.
When using the Camarilla indicator, it's important to keep in mind that the third and fourth levels are the most significant regarding the price movement pausing or reversing. Having different levels across timeframes allows us to have more specific targets and objectives.
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In this morning's Forex webinar David & I covered a wide range of topics including the importance of understanding the principle drivers for currencies and currency pairs as well as how to spot and use the simple two candle reversal pattern with vpa and the Quantum indicators.
https://youtu.be/5TR9AK3d5Xo...
One of the central planks of trading is to use multiple timeframes. But how about using multiple charts for non-time-based charts? Well both are excellent in their own right, so why not combine the two trade using a blend of time and non-time-based charts and this is what we cover in this session! It is the perfect blend to day trade stocks, index futures, currency futures, spot forex or commodities and bonds. In fact any market and with the Quantum Trading indicator, you have the perfect tools to create such a workspace. First, you have the renko optimizer indicator which delivers the optimal brick size for any market and at any time during the session. Or you can use the Tickspeedometer to deliver the optimal tick chart settings for your three tick charts. And then simply use the associated time based charts to give you that all-important view using volume price analysis.
https://youtu.be/HAmSZAuSn_Q...
The Renko optimizer for NinjaTrader is a powerful indicator for day traders across all markets when used as a single chart. However, when using three in tandem it truly delivers with its awesome power as you will see here in this video from the US futures trading session and revealing a wonderful trend that develops from the first, moves to the second chart, and on to the third. And of course when used in combination with time-based charts this gives the best of all worlds as we can then apply volume price analysis to the chart. So the perfect blend of time and not time-based charts.
https://youtu.be/EJB-Mrn1Vqg...
Never, ever trade with an opinion. Trading with an opinion is one reason many traders struggle to succeed confident they are right and the market is wrong. Never trade against the market as the house always wins! Use volume price analysis which reveals the truth behind the price action.
https://youtu.be/2qtX40Gbd_s...
Learn how to ride the trend through congestion using multiple renko charts on NinjaTrader and the renko optimiser indicator.
https://youtu.be/qY_ah0xdKSQ...
Trading using non time-based charts has many advantages, but one drawback which is this. How you do you know what to set for your tick or renko charts. More importantly, both of these settings are dependant on the instrument you are trading and also the time of the trading day. After all, markets speed up and slow down constantly. It's not a case of set and forget. And in this video, we explain how to do this using the Tickspeedometer and the Renko Optimizer for NinajTrader.
https://youtu.be/ot5QxqwmrWM...
In this session of the US day trading web class, we show you how to use the renko optimser indicator from Quantum Trading to trade forex. And when used in combination with the trend monitor and the trends indicator becomes an immensely powerful approach to trading any market.
https://youtu.be/37uQVAhYhvQ...
