https://youtu.be/UJI7ImQo5_k
Much to the dismay of the BOJ (Bank of Japan), the yen continues to weaken, which has provided many trading opportunities. However, are we seeing this weakness coming to an end? In this video, David & I explore this reversal in sentiment in the gbp/jpy, across the timeframes. The daily chart can be extremely useful as it can signal the following day's trading environment. Meanwhile, David considers the faster timeframe and explains how the use of multiple timeframes and the Time Adjusted Renko can be used in trading.
By Anna Coulling
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Trading using multiple time frames is a skill all traders need to master, but this also applies to using our specialist forex indicators, such as the currency strength indicator. In this video, David explains how this approach can highlight potential trades and setups. In addition, he explains how the csi highlights flows into risk currencies, which can help us determine market sentiment. And he also looks at several vpa anomalies.
https://www.youtube.com/watch?v=_c-hAs2L69A...
The Quantum volatility indicator captured dramatic price action in the yen pairs during this month's BOJ meeting, confirming what had already been signaled in the options market for the currency. The overnight implied volatility, which is the metric we watch, was at 50% (a six-year high), so violent price action was expected, of which the aud/jpy was one example. As we can see on the hourly chart featured above on the MT4 profile for the pair, we can see the relentless move higher and the volatility trigger on the huge up candle. This trigger of the purple arrows happens in real time and warns us that the price action is outside the average true range for this time frame. Trader reaction is usually one of FOMO, with many jumping in just when the price is likely to pause or reverse, as in this case. This is a classic trader trap and happens all the time. However, when we read the...
We are seeing some significant moves in sterling this week, and none more so than in the gbp/cad, a commodity cross pair that can often deliver solid and consistent trends. However, on a time chart, it can be challenging to gauge the strength and momentum of a trend, which is why traders use either tick or Renko charts. For traders who like to use tick charts, the problem has always been knowing what tick value to use, so they either guess or rely on values suggested by other traders. However, as activity and momentum in the market are constantly changing, these static values are no better than a time chart.
This is why we developed the Quantumtickspeedometer, which calculates the optimal value for the chart and, in addition, uses a traffic light system to tell us when the market is active or not. The indicator is attached to a time chart, allowing us to use our volume price analysis methodology, which...
This morning's move in the aud/usd was a great example of using multiple timeframes, including a Renko chart and all our Quantum indicators. The charts are from the MT4 platform, and since writing the analysis, the pair did indeed bounce higher once Wall Street opened.
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As the DXY index (USD) continues to strengthen, many traders would like to know how much further it is likely to rise. The simple answer is that from a historical perspective, the DXY reached a high of 151 in 1984, so there is plenty of travel left. We must consider the daily and monthly charts to view their current trajectory. The monthly is interesting because last month's price action triggered the Quantum Dynamic Volatility indicator confirming the candle range is outside the ATR for this time frame. The reaction to this trigger is that the price action will most often retrace into the spread of the candle and consolidate before any direction is re-established, which is what we are seeing now. In addition, last month's volatility candle gives us key support and resistance levels for the DXY.
The daily chart below is where we will find the week's important support and resistance levels. On this chart, we are using both price...
The Currency Matrix for Tradingview comes with a ranking score of the 28 pairs we follow and a score that allows us to judge at the extremes whether the values displayed are all-time highs or lows, along with the average high and low on the timeframe in question. This additional information tells us in an instant whether the move underway has further to go or whether there is potential for a reversal.
This video explains this in more detail.
https://youtu.be/DOVu_zYXg54...
The market scanner we have developed for Tradingview can be used for all markets but is particularly powerful for forex trading as it allows us to monitor our preferred pairs simultaneously. In this video, David explains how to use the scanner.
https://youtu.be/uTIWxqM_c50
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The recent volatility in the British pound created some great trading opportunities, particularly for traders who include volume price analysis as part of their tactics. In this video, David explains how he applied vpa to the long side in the sterling pairs despite extremely negative headlines in both the financial and mainstream media.
https://youtu.be/gFIJW9_s1Zw
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In this first segment from this week's webinar, David & I look at the USD, bond yields, this week's Non-Farm Payroll release, and the volatility we can expect as we move towards year end. We also cover how the labour market impacts inflation and how this is likely to influence the FED's rate-setting agenda.
https://youtu.be/fbUjvFb7vuY
By Anna Coulling
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