A refresher on using the currency dashboard in multiple timeframes and how the four indicators that make up the dashboard can help with identifying strong flows into individual currencies and currency pairs. This visual representation of the flow allows us to spot likely candidates for a reversal trade as well as those pairs which are simply moving sideways and where patience is required.
https://www.youtube.com/watch?v=sU1OltAyMiE&t=1055s&ab_channel=QuantumTradingIndicators...
Markets need volatility but often this is exaggerated and a great excuse to trap traders on the wrong side of the market. This happens because of FOMO - fear of missing out as the price action races away. This is when traders usually jump in just before the price abruptly reverses. This is where the volatility indicator comes in as it is triggered in real time so as soon as the price action is outside of its ATR (average true range) for that timeframe and traders know to expect either a reversal into the spread of the price action once the candle closes off or a complete reversal. We see this type of price action before fundamental news releases, major news events, and at the opening of the market. In this recorded webinar we examine volatility both in the forex market and the Wall Street open. For forex, it was the BOC interest rate decision that was responsible for the...
Whilst this example comes from the stock market which in this case is Antero Midstream an energy sector that is enjoying some bullish momentum it works equally well in forex and other markets. The recorded webinar explains how the Quantum indicators can work so well with major chart patterns which in this case is the wedge. The indicators in play include the volume point of control sitting at the bottom trendline whilst the accumulation & distribution borders the top line. The key trading lesson here is if the stock manages to break from the vpoc the much tested accumulation & distribution line is likely to be the maximum reach on the time frame in question (daily). So one to watch in the coming weeks.
https://www.youtube.com/watch?v=aZcygWBDypQ
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In this recorded webinar David explains how we use volume price analysis and the Quantumtrading Cryptocurrency strength indicator to find suitable trades. The indicator works in the same as the forex csi except with the CCSI it is possible to swap out cryptos for those you wish to trade assuming the platform supports them. The indicator is currently available for Tradingview.
https://www.youtube.com/watch?v=8Tyeoues53s...
Whilst volatility is both a trader's best friend and worst enemy, it is still essential for trading opportunities. But when it drains away it can make trading both tricky and frustrating. We have two examples in this recording on probably the two most popular assets, namely Tesla and Bitcoin which are now both rangebound. Patience is now key and it is in this type of market that the volume point of control comes into its own along with the accumulation and distribution indicator as they mark out these areas visually while giving us an indication of their strength. And, of course, such market conditions can be found across all markets, including forex and the same lessons apply.
https://www.youtube.com/watch?v=UAy4XXHXtzo&ab_channel=QuantumTradingIndicators...
Volume price analysis can be applied across all markets and instruments and we have a great example here on WMB (Williams) an energy stock that has outperformed in the energy sector. The clue lies in identifying strong single and multiple candles on good volume.
https://www.youtube.com/watch?v=x9naQ5Xo0lE&ab_channel=QuantumTradingIndicators
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