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.
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By Anna Coulling
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Over the past few days, volatile price action in the euro currency has highlighted how using a Renko chart can help us deal successfully with such market conditions, and the pair I want to focus on is the eur/cad. Yesterday the euro had a good day with strong up moves across its matrix, but this was ahead of today's important ECB meeting. Whilst the bank raised interest rates as expected, the accompanying statement resulted in volatile price action and a fast move lower. Rather it was what was not mentioned in the statement, as the ECB removed
any reference to rate hikes continuing at the next 'several' meetings. The 15 min and Renko charts above capture this moment for us.
By Anna Coulling
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The Doji candle is often taken as a reversal signal which can happen but what this candle is really telling us is there during its formation the bulls and the bears were in a battle for control much like a tug of war but that at its completion there was no overall 'winner' giving rise to a lack of direction. This is why the candle is best described as a candle of 'indecision'. From a trading perspective, Doji candles can give rise to good two-way price action but more often can cause choppy and volatile trading conditions. Fortunately, the example we have on the monthly chart for the DXY had a really wide range - over 200 pips which explains why this week the price action has been more muted.
Understanding candle patterns and blending them with the Quantum indicators can help to determine where the price is likely to pause and reverse. In this example, we have price-based support &...
The relationship between gold and the USD is usually an inverse one. In other words, gold rises when the USD falls and vice versa. This relationship does often break down but when they move higher in tandem it is always a result of stress and panic which is what we have been seeing as the situation in Ukraine continues to escalate. In this video, we explain this in more detail and the similarities in the gold and USD index charts, both of which are freely available on most MT4 broker platforms.
https://youtu.be/sK8Tnuli_DY...
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 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...
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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It's all here - how to trade using volume price analysis across all the markets including cryptocurrencies. It's broken up into four sessions with the first two focused on forex, the third on index futures, commodities, and cryptocurrencies, and finally the last session on stocks.
https://youtu.be/T-Ja6O3UPXk
https://youtu.be/Ce7EdF-rPHw
https://youtu.be/8dQYarti4uk
https://youtu.be/vvL4Dtsbo-c...
