renko charts forex – Page 2

Using the currency strength indicator to identify forex trading reversal opportunities

December 15, 2020December 15, 2020 by Quantum Trading Comment Closed

As we approach the year-end, for forex traders this represents a great time of year with plenty of volatility as volume falls in the run up to the holiday season. But this delivers plenty of excellent trading opportunities and the starting point as always is the currency strength indicator which helps to identify when a currency is overbought to oversold and hence guides you to the opportunities immediately. From there, it's off to the charts, and check out the volume associated with any moves as you look for primary to primary trend reversals. https://youtu.be/4MuBeRHESJs...

The renko optimizer for NinjaTrader delivers for index day traders

November 18, 2020 by Quantum Trading Comment Closed

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...

Creating a perfect workspace on MT4/5 for trading forex

November 17, 2020 by Quantum Trading Comment Closed

How to create the perfect five chart workspace for trading forex. https://youtu.be/5enVxVkeQFo...

How to trade futures using volume price analysis

November 4, 2020 by Quantum Trading Comment Closed

Trading futures using volume price analysis https://youtu.be/ncdNcTLBKVk...

Renko day trading strategy on the NinjaTrader platform

November 4, 2020 by Quantum Trading Comment Closed

Renko day trading strategy on the NinjaTrader platform using the renko optimizer for NinjaTrader. https://youtu.be/_7eORVR2KCU...

A classic trap move on the GBP/AUD on the 10 minute chart – hard to miss this one!!

October 14, 2020 by Quantum Trading Comment Closed

There are always traps being laid for the unwary trader, but for students of the volume price methodology these are always very easy to see, and in the London forex session we highlight one on the GBP/AUD on the 10-minute chart which was hard to miss!!A classic trap move on low volume with a nice wide spread up candle....then congestion and the reversal follow. Price action traders would have followed this one higher. Volume price analysis traders would have closed out, and then joined any reversal lower. https://youtu.be/Ki9Wbj6p7oo...

Trading the currency of first reserve with confidence using volume price analysis

September 22, 2020 by Quantum Trading Comment Closed

In this segment from the forex trading session this morning we focus on the currency majors and explain how to use the spot markets and futures markets to identify flows, and also reveal different relationships using volume price analysis. And late in the session we pick up a nice reversal trade which is signalled with strong buying volume and the currency which is heavily oversold on the currency strength indicator. https://youtu.be/NrF8j0XGJjg...

Assessing risk and reward the correct way!

September 16, 2020 by Quantum Trading Comment Closed

Many traders talk of risk and reward and the fact they do not take a trade unless there is a 3 to 1 risk reward ratio or 2 to 1 - but how do they know, and does the market actually care what they need or want! There is a simple and logical way to assess the risk on each trade, and any potential reward by studying the chart and from there deciding whether to take the trade or not. The chart will reveal in multiple timeframes what is ahead and therefore likely to offer support or resistance, or where the market is likely to congest. Then and only then can you make a decision based on your reading of the chart. https://youtu.be/x-kqt_w8qUQ...

How to start your forex trading day on MT5

September 16, 2020 by Quantum Trading Comment Closed

At the start of the London forex trading session I explain how I use the currency trading dashboard for MT5 and the steps to follow in highlighting the opportunities ahead for the session. The currency dashboard comprises the currency strength indicator, the currency matrix, the currency array and finally the currency heatmap. All have a part to play and I start with the currency strength indicator which is our radar on the market and not hard to understand why. 1. It breaks the forex market down into the building blocks of the market – in other words the currencies themselves 2. This is always the place to start with any analysis of the FX market – the individual currencies – it reveals individual currency strength and weakness which you then rebuild into those pairs of interest for further analysis on the chart 3. It reveals when currencies are potentially over bought, or over sold, and also just as important those currencies moving strongly...

Forex trading success is all about choosing the right currency pair for a strong trend

September 9, 2020 by Quantum Trading Comment Closed

Forex trading success is all about choosing the right currency pair and the starting point is the currency strength indicator. Here strength and weakness in the individual currencies is revealed simply and clearly which is why we call it out sonar on the market. Like the device trawlers use to locate shoals of fish, so we use it to identify reversals and strong trends in the building blocks of the markets - the currencies themselves. However, when a currency is rising or falling strongly, this does not mean it is doing this across the complex, and so we are constantly looking for the a strong move for the counter currency in the opposite direction. So if the currency is rising strongly, we want to match it with one which is falling equally strongly. Why? Because this will deliver the greatest momentum in the trend. https://youtu.be/rS6hgiODSCA...