A roundup of one of the busiest days for forex traders that started with the RBNZ interest rate decision and ended with the FOMC minutes. In this video, David & I cover the events of the day and their impact on the relevant currencies and currency pairs. We also focus on the Heatmap, an indicator that can be used both for intraday and longer-term trading. Intraday, the indicator can be used to monitor existing positions across multiple timeframes as the values are based on the currency matrix. The indicator then weights these values to rank the pairs allowing traders to look for reversals.
https://youtu.be/7HeHoUriok8...
A recording of a recent webinar where David and I looked at using the MT4 Renko in conjunction with multiple time frames on the aud/usd to identify not only entries and exits but also demonstrate how a Renko chart can help traders stay in a trade. Also a look at the Currency Heatmap on Tradingview which can be configured to any timeframe.
https://youtu.be/KjWThEWdeTg
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This morning's forex webinar gave us a great example of how cross-market analysis can help not only to explain price action but also its likely direction particularly ahead of an important news release which today was the FOMC.
https://youtu.be/CnFQezWG4zU
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Support & resistance is a key pillar of volume price analysis. In this video, we consider the S&P500 via the SPY ETF given its role as a global benchmark index for risk. This may seem an odd choice for forex traders but equities are considered risk assets and have a strong correlation with risk currencies such as Aussie and Kiwi.
https://youtu.be/oibO3UDkqnI
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In this video, I consider Apple as a great example of how strong, healthy volume supports the price action higher. The question now is where the current trend is likely to pause and this is where the volume point of control on the daily chart comes into play.
https://www.youtube.com/watch?v=FKFOZahUAWo&ab_channel=AnnaCoulling
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In the past, it was easy to know whether a market was in full cry but with the move to computers and screens, this aspect of price action has been lost and is the reason we developed the Quantum tickspeedometer. This unique indicator reads the activity and internal momentum of the market and displays it in a visual way on the chart by way of a 'traffic light' system and in doing so also gives us the optimal setting for tick charts. No more guesswork is required.
https://www.youtube.com/watch?v=Noxj_AVU8Ok&t=1s&ab_channel=QuantumTradingIndicators
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Focus on the currency matrix which can not only highlight potential reversal trading opportunities but also signal whether there is momentum in the market by virtue of the values displayed next to the pairs. This can be invaluable as a means to determine the risk of any trade.
https://www.youtube.com/watch?v=ug4k_Zey4Pw&t=1s&ab_channel=QuantumTradingIndicators...
A refresher on using the currency dashboard in multiple timeframes and how the four indicators that make up the dashboard can help with identifying strong flows into individual currencies and currency pairs. This visual representation of the flow allows us to spot likely candidates for a reversal trade as well as those pairs which are simply moving sideways and where patience is required.
https://www.youtube.com/watch?v=sU1OltAyMiE&t=1055s&ab_channel=QuantumTradingIndicators...
A packed webinar where we covered the importance of recognizing the signals from the bond market which in this case is the message on the daily chart of the HYG - the EFT for high yielding bonds, aka junk bonds the first sector to react when markets become stressed. We then considered two stocks, namely Romeo Power and Lucid which both benefited from a surge in volume that resulted in two very different outcomes. And finally a look at General Motors which has recently seen the same following a recent sharp sell-off signaled on the daily chart by a two-bar reversal and the Quantum volatility indicators. GM is definitely one to watch for our next session.
https://www.youtube.com/watch?v=tFjb0ykJ6kA&ab_channel=QuantumTradingIndicators
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Markets need volatility but often this is exaggerated and a great excuse to trap traders on the wrong side of the market. This happens because of FOMO - fear of missing out as the price action races away. This is when traders usually jump in just before the price abruptly reverses. This is where the volatility indicator comes in as it is triggered in real time so as soon as the price action is outside of its ATR (average true range) for that timeframe and traders know to expect either a reversal into the spread of the price action once the candle closes off or a complete reversal. We see this type of price action before fundamental news releases, major news events, and at the opening of the market. In this recorded webinar we examine volatility both in the forex market and the Wall Street open. For forex, it was the BOC interest rate decision that was responsible for the...
