Using volume reveals the truth behind the price action and this methodology can be applied equally well to the forex market using tick activity as a proxy volume. Discover how in this example on the AUD/JPY from this morning's London forex trading session.
https://youtu.be/6yJEyokY0zI...
https://www.youtube.com/watch?v=EotaQJZeGsE
Identifying volume anomalies is key to understanding volume price analysis and successfully staying in a trend....
With the US indices falling out of balance as the Nasdaq 100 continues to rise strongly, yet the S&P500 and the Dow Jones continue to trade within the range of a volatility candle, many are asking whether the NQ is now reaching a top of exhaustion. In this video we take a look at the NQ emini futures contract from a volume price analysis perspective and as you will see, it's all about levels and whether the 10,700 region will be breached.
https://youtu.be/berdJWDESPY...
If you are new to the volume price analysis methodology, this example from yesterday's trading session on the Emini future for the YM would be hard to beat as it explains many of the concepts which provide the foundation of this approach. And perhaps more importantly, not only where to get in if you missed the first part of the trend lower, but helping you to stay in to maximize your profit from the trend.
https://youtu.be/bvvCr_DftZQ...
Using non time based charts is a great way to scalp any futures market and in this video we take this to a new level, using multiple renko charts and in particular using the renko optimizer for the NinjaTrader platform. In this array we use three renko charts set to three different timeframes and matched to the three charts below. This gives us the double advantage of trading using non time based renko charts, and applying volume price analysis on the time charts. A powerful combination of six charts.
https://youtu.be/rXbHGiKo1Vo...
One of the important phases of price action in any market is volatility. Why? Because two forces are at work. The first is the emotional fear of missing out, in other words FOMO. The second is the fact this is the time the market makers and insiders are at their most active. They understand FOMO and use it repeatedly to trap traders into weak positions, either following such a move with congestion, increasing the fear further, or simply reversing the price action and taking out stops. Either way it's win win for the insiders and a simple and powerful way for them to make money. Learn how and why in this video and discover how to avoid being trapped.
https://youtu.be/cnEajurtSho...
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...
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...
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...
