The forex market is one of mean reversion which means is almost a pure market of reversals as currencies and currency pairs move from oversold and overbought constantly in all timeframes. In this video from the London forex trading session we show you how using the currency array and currency matrix indicators for NinjaTrader.
https://youtu.be/UlHh8UrYhO8...
Many traders use multiple timeframes to trade, but few use this approach when applied to renko charts. Using the renko oprimiser indicator in multiple timeframes gives you a powerful edge, even more so when combined with the equivalent time based charts. This means you have the advantages of trading a non time based chart which reveals momentum, with a time based chart to which you can apply volume price analysis.
https://youtu.be/qbgXuQiFh_c...
In this video we explain how to use the renko indicator on MT4 or MT5 to find trades as a scalping trader in forex. The renko chart is a perfect way to trade as it reveals the momentum in the market, something you never see on a time based chart. The reason for this is that a renko chart is not based on time, but on the size of the brick. This is what governs the open and close of the brick and once this metric has been met, the renko brick is closed and moves on to build the next.
https://youtu.be/f_A9AyyJ7fs...
In this section from the London forex trading web class we explain how to use related currency pairs to help you in your forex trading. In this example, we use the example of the currency majors matrix to explain the principles, but this could be for any other currency.
https://youtu.be/4J7L28BvnBg...
With risk-on sentiment in evidence this morning as the London forex session gets underway, we focus on the Aussie yen pair as a proxy for risk with a steady move higher as US indices rally once more on GLobex.
https://youtu.be/6yJEyokY0zI...
The breakaway trade often gets a bad press due to fakeouts, but if you are a volume trader this is not a problem, as volume reveals the truth behind the price action and therefore whether a move away from the congestion phase is true or false.
https://youtu.be/6qIuxT8UO5M...
The euro is a political currency and forex traders often wonder why such a currency moves in the way it does, with today being a classic example. An agreement has supposedly been reached about future policy by the member states, yet the euro has fallen and the answer lies in the bond markets and in particular the bond spreads. It is the spread between the German bond and the Italian bond which will ultimately dictate the future of the euro with Italy now likely to be the next country to leave the union.
https://youtu.be/Uk2MxuLRCjI...
Discover how to identify anomalies when day trading emini futures and in this video we focus on the YM Emini, the NQ Emini and the ES Emini index futures.
https://youtu.be/XqNSZogtL7I...
In this vidwo we take a closer look at the NQ emini and apply the volume price analysis methodology to analyze the daily chart for the futures contract.
https://youtu.be/Q9FQ5sSrX5c...
In this video we explain how to create your own currency matrix for tracking the currency majors in all timeframes. Using this approach you will be able to quickly assess the strength or weakness in the US dollar and whether this is universal across the complex. In addition this also offers a multichart view of volume price analysis across the pairs and helps to confirm your trading decisions. This approach can also be applied to any other of the currency pairs in the same way, so you may wish to create a Japanese yen complex, a euro complex etc.
https://youtu.be/ZQinGMaiLbw...
