Choosing the best currency pairs to trade is straightforward with the currency strength indicator from Quantum Trading Ltd. Whether you trade trends, reversals, or congestion, the currency strength indicator which works on NinjaTrader, MT4/5, TradingView and now Tradestation is always the starting point as it breaks the world of forex down into the building blocks of the currencies themselves which is the starting point for analysis from the ground up.
https://youtu.be/QY5skhZFqao...
A classic shakeout for US equities following J Powell and his testimony, but volume price analysis will tell you where the market is heading next.
https://youtu.be/42n-aTYUI4E...
No market is an island, they are all connected by one thing which is risk. Money chasing higher risk for higher reward, or lower risk for lower reward and it is this simple balance that dictates which currency pairs will rise and which will fall. Forex sits at the heart of it all as it is the gateway where assets are converted to cash and then moved on into other markets.
https://youtu.be/E1_IsO1ajhQ...
It can be difficult to know what criteria to apply when considering stock selection from a technical perspective and in this video, I explain one of the patterns I use. This is one of the most important as it offers the opportunity to purchase stocks that have been in decline and then move into the steady accumulation phase before starting their upwards journey once more.
https://youtu.be/WLtt3tka2pE
...
The forex market is unique for many reasons, but one, in particular, is the fact it is one of mean reversion in which both currencies themselves and currency pairs are constantly moving from an overbought condition, to oversold and then back again. What this creates, as a result, are those key levels of support and resistance which then help to define the next cycle. These of course appear in all timeframes from the 1-minute chart to the monthly.
https://youtu.be/FUqMb7bMJxw...
In this video on the GBP/USD and the daily chart I explain the importance of support and resistance and the congestion phases which accompany these levels. Remember, forex is about levels and flow and congestion zones are where trends are created and borne in all timeframes.
https://youtu.be/gkm_Bh43VrU...