https://www.youtube.com/watch?v=boLx8_YTiQc
In this video, we consider the latest price action in the SPY using multiple timeframes using the accumulation and distribution indicator for key support and resistance levels. The advantage of this indicator is that it gives us an immediate visual picture of the relative strength or weakness of any particular level or zone. Having this information not only helps with potential entries and exits but also with stop loss, as we are using the market's own established levels.
David also details the new indicators available, which will be launched at the same time as the Stock Trading & Investing Program in the coming weeks. Users who already have the full package of Quantum indicators will be able to access the indicators free of charge.
By Anna Coulling
If you would like details and updates about the Stock Trading & Investing Program, please just sign up here: https://bit.ly/3uCSxf5...
Key support and resistance levels coming into play as the S&P500 and, by extension, the SPY pull back in their journey to test the January 2022 all-time high. As we can see from the chart, the potential pullback was signaled by narrowing spreads on equal volume over three weeks at the $460 level. This level is also reasonably strong, as evidenced by the thickness of the Quantum accumulation and distribution indicator. The indicator increases in size each time the price action touches the level and fails to break through. We can use these levels in a number of different ways, as potential targets, potential areas for reversals (as here), and stop placement as they are created by the market.
Our Stock Trading and Investing Program will be launched in the next few weeks. If you would like more details, please sign up here: https://bit.ly/3uCSxf5
By Anna Coulling
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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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https://www.youtube.com/watch?v=ySWE6vTo-fI&ab_channel=QuantumTradingIndicators
A look at sectors at the start of the new trading year with a view to using them for stock selection, a topic we will be returning to in more detail in future sessions. Also a brief mention on market internals which we will be integrating with volume price analysis. Vpa anomalies are also explained in detail with a great example from the daily chart of Robinhood which has taken a beating since its IPO last year where it touched a high of $90. However, we have seen some strong buying coming in at the $15 region confirmed on a three candle vpa anomaly.
In the webinar, we also considered the NQ (Emini futures for the Nasdaq) following Monday's dramatic price action.
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https://www.youtube.com/watch?v=Q56dIbUtIgQ&ab_channel=QuantumTradingIndicators
An interesting forex session in which there was little activity in the London session was confirmed by the low numbers on the hourly matrix chart as traders awaited the CPI releases in the US. Whilst this is not the FED's preferred inflation metric it nevertheless gives the market some insight into how fast inflation is rising.
Despite the subdued London tone, there was a really nice trade in the eur/cad. Indeed, the cad is very much the currency to watch and it often moves quite strongly outside of his natural timezone. The trade setup was on the 5 min chart as a break away from the volume point of control and S3 on the Renko with a reversal then coming on a bullish engulfing candle. The reversal saw the pair move back to the S3 so a round trip ahead of the release.
Meanwhile, Gbp/jpy was also in focus with a reversal on positive US market sentiment - as we can see...
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...
