If you're looking to take a reversal trade in the forex market, one place to look is the currency strength indicator. Another is the volume point of control and in this video, from the third and final section from the London forex trading session, I explain how using the British pound and Aussie dollar pair as an example.
https://youtu.be/QjY09OjySyk...
Trading is a risky business. Money chasing higher risk for higher returns, lower risk for lower returns. But when it comes to assessing the risk on the trade, how do we do it? And there is a simple answer to this question. Use the chart. This is the market telling you where it is likely to pause and congest, where it is likely to move quickly through low volume nodes on the volume point of control. All the information is there and when used in multiple timeframes will answer the question for you quickly and more importantly in a logical and common-sense way!
https://youtu.be/x-kqt_w8qUQ...
Not sure where to start when you settle at your trading screen ahead of another forex trading session? The answer is to start with the currency dashboard from Quantum Trading which gives you a complete window on the world of currencies. Start with the currency strength indicator which reveals those currencies which are moving strongly, those which are in congestion, and those which are overbought or oversold. From there it's off to the charts to analyze the price action and associated volume. Then on the currency matrix for sentiment across the complex, followed by the currency array which reveals those currency pairs which are trending strongly and moving to overbought or overbought conditions. And finally to the currency heatmap for an assessment of the trend across the timeframes and for some longer-term reversal opportunities on the ranking ladder.
https://youtu.be/XsLiEzOvFe8...
Money flow is all about risk and in this video we explain how and where to identify it in the various charts from the VIX and equities to the volatility indices. And of course relational analysis is a key part as money moves from one market to another chasing higher risk for higher return or lower risk for lower returns. This is a large topic and one we cover in the detail in the Complete Forex Trading program which you can find here https://quantumtradingeducation.com
https://youtu.be/AbPghOlY6Ao...
How do you choose the best currency pair to trade? And what do we mean by best? Most of the time we are looking for strong trends, either a reversal in sentiment where the trend reverses or the continuation of an existing trend. But how do we know which is likely to deliver the strongest trend, and the answer is simple. We match the strongest with the weakest and in doing so are likely to see the strongest trend as a result. The indicator we use to do this is the currency strength indicator which highlights instantly and visually which currencies are rising strongly, which are falling strongly and just as important those which are moving sideways and therefore have neither strength or weakness.
https://youtu.be/rS6hgiODSCA...
In this video, we explain how to read the chart and trend using volume price analysis and supported of course by the Quantum Trading tools and indicators.
https://youtu.be/TSHRLbFQr44
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Most traders struggle, not because they do not understand how the markets work, but because they struggle to stay in a trend once it is underway. The problem then becomes one of small losses but more importantly small profits and as a result, the trading account never grows. Staying in a trend is the hardest thing to do in trading and in this video we show you how!
https://youtu.be/qY_ah0xdKSQ...
Trading with an opinion is one of the most dangerous things to do in trading, and in this video we explain why. Instead trade what you see on the chart and not what you think!
https://youtu.be/2qtX40Gbd_s...
