Session crossovers occur each day at precisely the same time in the forex market and provide another perfect opportunity for the market makers to play their tricks on unsuspecting traders. These are the points at which one major trading centre opens taking over from another or joining it, and in either case these are times when you may see changes or pauses in trend, and whilst the forex market is one which trades on a twenty four hour basis, the sessions then break down into four hour cycles. So when a strong trend develops during London for example, this may often weaken or reverse as the US session begins as was the case here and of course confirmed by volume price analysis.
https://youtu.be/8mRH8f2bvjg...
In this video from the forex webclass we explain how to enter a trend once it is underway and using multiple timeframes. The problem many forex traders have is deciding when to enter a trend, fearful they are simply chasing price. But if you apply multiple timeframe analysis and using the Quantum Trading indicators, in particular the trends and trend monitor indicators, you will have a clear insight into when the trend is pausing or reversing, or whether it is set to continue.
https://youtu.be/wjSGt-Ds7NU...
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...
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...
One of the fundamental planks of any trading approach is in using multiple timeframes as this gives a view across the time window from the fastest to the slowest, and identifies changes in trend which occur in the fastest timeframe and then ripple through to the slowest. In this example we focus on the spot forex market and the GBP/USD currency pair.
https://youtu.be/77GKpmS3NFo...
In this session from the online webclass David explains why congestion phases offer excellent trading opportunities and also provide clear levels for any stop loss positioning and management.
https://youtu.be/1y-ViuqFmPM...
Oil is one of the key commodities for forex traders and as crude oil slumped in price, so this was reflected in the forex markets and the Canadian dollar.
https://youtu.be/XH11ebDXcMs...
