https://www.youtube.com/watch?v=QlqsqFTvNKk
Beware gaps because they can be filled. They are there for one reason and that is to trap traders and investors into weak positions. An extract from this morning's London forex webinar explains with an example from the YM - emini contract for the Dow Jones.
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https://www.youtube.com/watch?v=ckjMHkFGKwA&t=875s
An important module in our Forex Program is understanding cross-market relationships and one of the most important is the one between oil and the petro currencies of which the Canadian dollar is one. In this morning's webinar, we considered the price action on the cad/jpy which was driven lower not only by the crash in oil but also a souring of market sentiment as money flowed into the Japanese yen.
In such strong market moves identifying important support and resistance levels is key, not only for establishing possible pause points and reversals, but also for potential points to join the prevailing trend. This is where the Camarilla indicator can help as we can see in the video. The version used is for the MT5 platform.
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https://www.youtube.com/watch?v=AMEOEowzUOI
Support & resistance are an integral part of volume price analysis and as part of the Forex Program we have developed a number of tools to help us identify those key levels on a chart. The Camarilla indicator is one and here we can see how it signalled the top in a move on the aud/usd....
