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...
All the currency indicators working in harmony to identify opportunities for trading the euro at the start of the London forex session.
https://youtu.be/ZbMWkQkb5kY...
A terrific index trading session yesterday using the Quantum Trading tools and indicators for NinjaTrader, and despite the price action being narrow on the day, moving to the ultra fast seconds charts opened up the trading options. Using volume price analysis combined with the Quantum tools delivered some great trading opportunities, despite all the primary US indices trading in a narrow range for the session.
https://youtu.be/8fwqHVe575s...
Another great session applying the Quantum Trading tools and indicators to day trading the indices. In this session we focused on the NQ Emini and trading using both time and tick charts, along with the renko charts.
https://youtu.be/mzjX1X3VImc...
Trading success is all about timing and here we use the currency stregth indicator and the currency matrix to explain the principles.
https://youtu.be/LMgQgIjTpPM...
https://youtu.be/yNvSwgRt-B4
This morning's session with Anna and David of Quantum Trading followed both the London and European open, with the Swiss franc the currency in focus and in particular for the Swiss yen. The timeframe here was the 30 minute with the longer term bullish trend picking up momentum once more with volume driving the pair higher, as shown on the annotated example. Throughout this phase of price action the trend monitor has helped to confirm the trend as the bearish trend weakened before picking up the bullish tone with a consequent rotation from bright red to bright blue.
More importantly, even though the trend paused, the trend monitor with the trend line continued to flag bullish sentiment and helping to keep traders in the trend. This is one of the hardest things to do in trading as the emotional response is to close out and take any profit off the table resulting in a small profit, rather than a larger one...
https://youtu.be/nPZJa2zqzxA
A great session this morning with David and myself and we started with the EUR/AUD which has been rising strongly for the last few days, and one of the lessons from our private trading chat room where we support our forex education program members. This was an example of an annotated chart of the EUR/AUD posted in the forum in real time and explaining some of the key VPA lessons. One of the hardest things to do in trading is to stay in a trend once a position begins to develop into profit, particularly when the trend pauses and starts to pull back or reverse.
This happens in all timeframes and is when the market pauses and moves into congestion. So how do we know whether this is a true change in the primary trend, or simply a move into a secondary trend before re-establishing the primary trend once more, and this is where volume price analysis steps in. This is...
This morning's highlight comes from Chancellor George Osborne here in the UK with his Autumn Forecast Statement, so expect lots of smoke & mirrors, volatility and opportunity to shake traders out of the market.For the British pound complex on the faster time frames, it's been a case of some good moves lower against USD, JPY & euro. The hourly currency strength indicator is also highlighting the GBP as heavily oversold, but as we have said many times in our forex webinars - currencies, markets and instrument can stay stubbornly over extended much longer than we think. And as we also say in the webinars your time horizon will always be a factor in any trading decision, and also help to quantify the level of risk associated with that trade.
Discover more about the currency strength indicator here....
