In this morning's forex webinar David & I explained the factors to include when profiling an individual currency. We also covered how to spot the two candle reversal pattern and how to use it in the context of the volume and overall chart pattern.
https://youtu.be/5TR9AK3d5Xo...
Support & resistance is a key pillar of volume price analysis. In this video, we consider the S&P500 via the SPY ETF given its role as a global benchmark index for risk. This may seem an odd choice for forex traders but equities are considered risk assets and have a strong correlation with risk currencies such as Aussie and Kiwi.
https://youtu.be/oibO3UDkqnI
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In the past, it was easy to know whether a market was in full cry but with the move to computers and screens, this aspect of price action has been lost and is the reason we developed the Quantum tickspeedometer. This unique indicator reads the activity and internal momentum of the market and displays it in a visual way on the chart by way of a 'traffic light' system and in doing so also gives us the optimal setting for tick charts. No more guesswork is required.
https://www.youtube.com/watch?v=Noxj_AVU8Ok&t=1s&ab_channel=QuantumTradingIndicators
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Focus on the currency matrix which can not only highlight potential reversal trading opportunities but also signal whether there is momentum in the market by virtue of the values displayed next to the pairs. This can be invaluable as a means to determine the risk of any trade.
https://www.youtube.com/watch?v=ug4k_Zey4Pw&t=1s&ab_channel=QuantumTradingIndicators...
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...
A packed webinar where we covered the importance of recognizing the signals from the bond market which in this case is the message on the daily chart of the HYG - the EFT for high yielding bonds, aka junk bonds the first sector to react when markets become stressed. We then considered two stocks, namely Romeo Power and Lucid which both benefited from a surge in volume that resulted in two very different outcomes. And finally a look at General Motors which has recently seen the same following a recent sharp sell-off signaled on the daily chart by a two-bar reversal and the Quantum volatility indicators. GM is definitely one to watch for our next session.
https://www.youtube.com/watch?v=tFjb0ykJ6kA&ab_channel=QuantumTradingIndicators
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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...
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...
Entry points for the great trade posted ahead of the BOC was delivered first by the volume point of control on the hourly chart with the daily Camarilla levels then coming into play for a potential re-entry. The strength of the move in the pair was also confirmed by the Currency Matrix along with the strong divergence on the hourly CSI. Exit was suggested before the interest rate announcement given the volatility that occurs during such events.
https://www.youtube.com/watch?v=2OcGHotCbaI...
Our recorded webinar the day following heavy selling of the euro currency. After such a move it's then a question of whether there is a reversal opportunity or will it be a continuation of the bearish trend. Eurodollar offered a potential reversal whilst for eur/aud it was further downside, helped along with strong buying of the Aussie as the indices moved higher.
https://www.youtube.com/watch?v=ODjFvETkens&ab_channel=QuantumTradingIndicators...
