Not sure where to start when you settle at your trading screen ahead of another forex trading session? The answer is to start with the currency dashboard from Quantum Trading which gives you a complete window on the world of currencies. Start with the currency strength indicator which reveals those currencies which are moving strongly, those which are in congestion, and those which are overbought or oversold. From there it's off to the charts to analyze the price action and associated volume. Then on the currency matrix for sentiment across the complex, followed by the currency array which reveals those currency pairs which are trending strongly and moving to overbought or overbought conditions. And finally to the currency heatmap for an assessment of the trend across the timeframes and for some longer-term reversal opportunities on the ranking ladder.
https://youtu.be/XsLiEzOvFe8...
Forex traders, and indeed traders in general talk about trends and group a price move higher or lower as one and the same. But in fact, as with all price action, trends move in very different ways and it pays to understand what type of trend you are considering joining. In this video from the forex webclass we explain all you need to know and which will help you in your forex trading.
https://youtu.be/f-hdUOtp1F8...
Congestion phases are the most important part of any price chart since this is where trends are born, and to succeed all we have to do is be patient and wait for them to break away. This is where volume steps in to confirm the trend away.
https://youtu.be/J8UM_9HCQvA...
As we begin another weclass at the London forex open, here it’s the Aussie and the British pound in focus as I take a look at there slower timeframe charts for these two currency pairs.
https://youtu.be/yLrJ8SNNNiE...
In the third part of this morning’s webclass I take a look at the GBP/USD pair and explain how to trade it using time based charts and volume price analysis and non time based charts in the form of the renko for MT5.
https://youtu.be/GKOs1qwvApE...
In the second part of this morning’s webclass David explains how to use the currency strength indicator in multiple timeframes and what it reveals to help you understand the price cycle of mean reversion.
https://youtu.be/qBiOZRhoe-s...
How to select the best currency pair with the strongest trend using the currency majors matrix. Here we focus on the USD and see which pairs are trending and which are not, but more importantly why using the currency strength indicator.
https://youtu.be/Aw7JkbduSBE...
As forex traders, we tend to focus on the currency majors, but if you open your eyes and move to some of the cross currency pairs you will be surprised at the strong trends they can deliver. In this video I highlight one example using the EUR/CAD.
https://youtu.be/dQJWjAdUh7I...
In this vidoe we explain how to trade the currency of first reserve with confidence by using a simple currency majors matrix. This is easy to create and can also be created for other currencies in the same way.
https://youtu.be/vmuCrEwR7E8...
The EUR/USD delivers some more lessons in volume price analysis during the London forex trading session. The volume price analysis methodology is based on Wyckoff's three laws of effort and result, cause and effect and of course supply and demand.
https://youtu.be/WVMP8MQruc0...
