Lessons in volume price analysis for spot and futures forex traders
Some great examples for both spot and currency futures traders.
https://youtu.be/U08nSLwGnxM...
What is mean reversion and why it is so important to forex traders
Currencies move in a continuous cycle from overbought to oversold and back again and this price action is perfectly described by the currency strength indicator for NinjaTrder and at the start of the London forex trading session we see the USD and JPY rising strongly with the AUD falling strongly and delivering an excellent trade before the reversal begins.
https://youtu.be/77bvX1RKckA...
Volume price analysis example for gold futures on NinjaTrader
When a breakout from congestion occurs the first thing we study is volume as this confirms whether the breakout is genuine or false. In this video we consider the longer term outlook for gold as well as an intraday example on the gold futures contract.
https://youtu.be/qjWykb-P0IU...
It’s all eyes on the euro as markets await the PMI data
Whilst markets continue to be dominated by the pandemic, fundamental data continues with the PMI this morning for both France and Germany of which the latter is the more significant.
https://youtu.be/xQAKuCc_pYo...
Richard Wyckoff’s three laws explained and the complete cycle
The three laws of Richard Wyckoff, supply and demand, cause and effect and effort vs result apply in all timeframes as the cycle moves from accumulation to distribution and back again.
https://youtu.be/9cXJ892ZHv4...
Where is the dragon heading next?
If you're looking for a volatile currency pair to trade look no further than the GBP/JPY as I take a look at where it might be heading next.
https://youtu.be/4jPioInlNyg...
Trading reversals – is this for you?
Trading reversals require your stop loss to be set wider to allow for the congestion phase to develop before the trend begins. So this is not for everyone, but if you have the patience, the pay off is greater as you are getting into the trend before it begins so the payout is greater. It's all about risk and returns.
https://youtu.be/AQqakclQlq4...
Mean reversion explained for currency markets
The forex market is one of mean reversion wich currencies constantly moving from one level to another, congestion, trend and congestion, with reversals from overbought to oversold and back again. All defined with levels and flow.
https://youtu.be/jXM8xgVjiB8...