trading currency – Page 3 – Quantum Trading

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...

Brexit in focus once more for the British pound

September 9, 2020 by Quantum Trading Comment Closed

With Brexit once more in the headlines it's the British pound which is delivering some great forex trading opportunities across the pound complex and worries concerning a no deal surface once more and drive the currency lower on the daily timeframe. But remember, when a currency is driven in this way expect to see volatility and plenty of trap moves intraday which is where the volatility indicator steps in. And the news for the pound was made worse by the release of news concerning a vaccine trial which had run into problems. So not a happy time for the pound at present! https://youtu.be/s8mBkIEETOo...

Here’s how to set up for the start of the forex trading day

August 11, 2020 by Quantum Trading Comment Closed

Here's how to set up for the start of the forex trading day. https://youtu.be/m21PyTkYkcw...

Watching currency strength and weakness in the majors

July 17, 2020 by Quantum Trading Comment Closed

https://www.youtube.com/watch?v=4wKSsbnqRkg The Quantum currency matrix not only ranks currency pairs according to their strength and weakness and but also displays the rotation and flow into the pairs. The video explains using the majors as an example....

Here’s how to trade the trend in the London forex session

July 14, 2020 by Quantum Trading Comment Closed

Here's how to trade the trend in the London forex session with the GBP/CHF delivering an excellent trend on the faster timeframes. https://youtu.be/tjKVxrVOtzo...

Trend trading using a currency strength meter

July 7, 2020 by Quantum Trading Comment Closed

https://www.youtube.com/watch?v=J_bLa9Yue38&t=508s Identifying trends using our currency strength meter in multiple time frames for gbp/usd....

A perfect example – congestion, breakaway, trend and now….reversal?

June 30, 2020 by Quantum Trading Comment Closed

This is a perfect example on Cable of a congestion, followed by the breakaway,then comes the trend and now possibly a reversal. https://youtu.be/HNf0A2Vf1ZU...

What relational analysis reveals about sentiment and risk

June 30, 2020 by Quantum Trading Comment Closed

Sentiment in the financial markets is expressed as risk-on or risk-off, and following the release of Chinese data overnight, market reaction could best be described as mixed with not universal agreement in risk asset classes. https://youtu.be/ABAGHm4-Yi0...