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...
In this video we explain how to use the renko indicator on MT4 or MT5 to find trades as a scalping trader in forex. The renko chart is a perfect way to trade as it reveals the momentum in the market, something you never see on a time based chart. The reason for this is that a renko chart is not based on time, but on the size of the brick. This is what governs the open and close of the brick and once this metric has been met, the renko brick is closed and moves on to build the next.
https://youtu.be/f_A9AyyJ7fs...
In this section from the London forex trading web class we explain how to use related currency pairs to help you in your forex trading. In this example, we use the example of the currency majors matrix to explain the principles, but this could be for any other currency.
https://youtu.be/4J7L28BvnBg...
Many traders rely on price alone to forecast future direction, yet this is only half the picture, a two dimensional one at best. What volume does is provide a three dimensional view of the chart and what is going on behind the price action. It removes the cloak of secrecy which is used by all the insiders to hide their activity. With volume they cannot hide and as volume traders all we need to do is follow them. Buy when they buy, sell when they sell and stay out when they do - it's that simple.
https://youtu.be/OOl83EVD6zA...
In this video I explain some of the basic principles of the volume price analysis methodology and what it will do for you whether as an intraday trader or longer term investor.
https://youtu.be/-WpmQ-BfJho...
The single currency of the euro is a political one in every respect as it is one which has no debt union, and an important consideration ahead of this week's ECB meeting. With Italy threatening to be the next country to depart the EU remember the words of Draghi who said the EU would do everything to protect the currency. Will the same apply now? We will see.
https://youtu.be/KpNoRp923uM...
If you don't already have the currency matrix indicator from Quantum Trading, in this video we show you how to create your own using multiple charts for the currency majors and explain how this will help you in your own forex trading using volume price analysis.
https://youtu.be/8ETgQUmrHSY...
As the NQ Emini continues to rampage higher and breaking out into new high ground, it's difficult to forecast here the next level might be. But not if you use the Camarilla levels indicator for NinjaTrader and here I explain how.
https://youtu.be/Fcos1BO3fwE...
