If you thought volume price analysis could only be applied to stocks, equities, forex and bonds, think again. It works just as well for cryptocurrencies as this video explains from the morning forex trading session. In this case, we are using the TradingView platform with the Quantum Trading indicators and for Bitcoin, but the methodology can be applied to any other cryptocurrency.
https://youtu.be/I3k9yYXnO5I...
In this session from the London forex session, I explain how to spot anomalous candles using the EUR/AUD in this case. Spotting such candles with their associated volume is one of the foundational elements to volume price analysis. The question we always ask ourselves is simply this - is the price in agreement or disagreement with the price. If it is in agreement all is well. If not we start to question why and understand what the market makers are doing. Are they buying, selling, or not participating, and we follow them accordingly.
The volume price analysis methodology is covered in detail in The Complete Forex Trading Program which you can find by clicking the link here https://quantumtradingeducation.com
https://youtu.be/GAgtOarFv2U...
The CAD/JPY delivered an excellent example of how to judge risk on the trade during the London forex session. It's not simply a question of considering the pair across the timeframes, but being aware of all the relational aspects which are likely to impact the trade. The relational aspect of trading forex is one which is rarely understand by forex traders, but covered in detail in The Complete Forex Trading Program which you can find by clicking the link here https://quantumtradingeducation.com
https://youtu.be/8nRFO_wsp1A...
https://www.youtube.com/watch?v=znkprDKZLCE
Support and resistance is an essential tenet of volume price analysis. In this video David explains how we can identify these key levels by using both price and volume using the gbp/jpy as an example.
The pair sold off heavily this morning as market sentiment soured and which also saw the British pound sell off heavily as well....
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....
