How to use the currency strength indicator to identify trading opportunities
In this section from the London forex trading session David explains how to use the currency strength indicator for NinjaTrader to identify which currency pairs to consider and which ones to ignore using multiple timeframes.
https://youtu.be/nWTQitHxUac
00:11
Melbourne lockdown and Spanish flu history
00:11
The speaker acknowledges technical difficulties and appreciates feedback about the coronavirus situation, highlighting local information from Australia. They mention Melbourne entering a six-week lockdown starting tomorrow and the closure of borders between Victoria and New South Wales for the first time since the Spanish flu over a century ago. The conversation also touches on the historical impact of the Spanish flu pandemic, recalling personal anecdotes about its lasting impression on families.
01:30
Introduction to currency strength indicator (CSI)
01:30
The speaker thanks the audience and transitions to discussing the British pound. They then introduce the Currency Strength Indicator (CSI), explaining that it provides valuable information about currency pairs. The CSI helps identify which pairs to...
Where next for equities as risk on appetite continues?
Always a worrying sign when the mainstream news advocates buying shares, and this is certainly the case with the Chinese Government urging people to buy with the Shanghai Composite continuing to drive higher along with the US markets.
https://youtu.be/QPPr4afB_I4
00:00
Webinar introduction and technical issues
00:00
The speaker welcomes everyone to the morning webinar for the London session and thanks the attendees for their patience. They mention a technical issue with the headsets that was resolved by unplugging and replugging them, highlighting the common troubleshooting advice of turning devices off and on again.
00:33
Trading disclaimer and overview
00:33
The speaker begins by highlighting an important disclaimer about the risks involved in trading, emphasizing that one should never use money they cannot afford to lose. They acknowledge the presence of many newcomers and offer a brief overview of the session's focus, which is analyzing forex market charts.
00:59
Volume price analysis and 3D market approach
00:59
The video explains oil price analysis using volume price...
Discover the importance of the crossover on the currency strength indicator
In this portion of the live webianr I explain how to enable the alert for crossovers on the currency strength indicator and what this means in terms of the chart.
https://youtu.be/Otx8IoOx_Uc
00:12
Focus on British Pound trading pairs
00:12
The speaker discusses their focus on trading the British Pound currency pairs this month, highlighting its significance due to upcoming events involving Brexit. They mention trading pairs like Cable (GBP/USD) and various cross pairs such as Pound/Yen and Pound/Aussie (Pound/Ozzy). The Pound/Yen pair is described as tricky and influenced by algorithmic trading, often referred to as 'the dragon.' The speaker also notes that their Forex trading approach uses volume price analysis, consistent with their established methodology.
01:24
Forex market uniqueness and sessions
01:24
The discussion explains the approach to forex trading, emphasizing the use of support and resistance levels and candlestick patterns. Forex is unique among capital markets because it involves trading currency pairs, such as the British pound against...
How to identify the next level for the NQ emini using the Camarilla levels indicator
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
00:00
Introduction and disclaimer
00:00
The speaker welcomes everyone to the webinar, mentioning it is afternoon in the UK. The session will focus on markets, primarily futures and some commodities, along with Forex. The speaker reminds viewers of the trading disclaimer, emphasizing the risks involved in trading.
00:32
Volume Price Analysis overview
00:32
The session emphasizes the importance of using only money one can afford to lose when trading. It introduces volume price analysis (VPA) as a method to interpret charts, combining price action with volume data to determine the genuineness of price moves. The approach is based on five key principles: price, price axiom, volume, support and resistance, candle patterns, and timeframes....
Don't get trapped with FOMO - use the volatility indicator
The volatility indicator is such a powerful tool and one which will help to keep you from jumping in too early and joining other traders on the fear of missing out, or FOMO. This is a powerful emotion and one which trap many traders, but with the volatility indicator, you can avoid such traps.
https://youtu.be/Gv7jIug4Vds
00:14
Market congestion and holiday impact
00:14
The speaker reviews multiple currency strength indicators, including the VIX and others, observing that the market currently lacks clear direction as many participants seem to be on holiday. The yen is fluctuating without a strong trend across various short timeframes. Similarly, the Australian dollar shows some buying interest but no decisive trend against the yen. The currency strength indicator reveals congestion and flatlining, indicating a lack of momentum and trend strength in the market at this time.
01:08
VIX indicating low market risk sentiment
01:08
The speaker discusses the stability of certain currency payers, indicating they are unlikely...
Trading the gold chart using volume price analysis
In this example from the US futures trading session we take a closer look at the five minute gold futures chart, which has a great lesson in volume price analysis.
https://youtu.be/8305A3WaFUE
00:10
Gold futures order flow and 5-minute chart
00:10
The speaker begins by focusing on gold, a topic frequently discussed and traded. They introduce a 5-minute chart illustrating the current order flow in the gold futures market, showing bids, asks, and sales windows. The discussion highlights volume and price analysis, emphasizing congestion opportunities. The segment mentions a recent rally and a trend transition indicated by the trend monitor, setting the stage for deeper analysis of market behavior.
01:18
Volume price analysis signals of weakness
01:18
The segment explains how rising volume pushing the market higher can lead to the first signals of weakness, such as a candle with high volume, a large wick to the upper body, and a narrow spread. This indicates selling pressure but does not necessarily mean an...
Lessons in volume price analysis for all forex traders
Whether you trade currency futures or spot currencies, the volume price analysis methodology can be applied to both since all that's required is a chart with volume and price. So whether it's futures volume or tick volume, you can apply VPA to all your forex trading.
https://youtu.be/U08nSLwGnxM
00:17
Intro and chart setup issues
00:17
The speaker apologizes for any frustrations caused by charts disappearing due to different screen resolutions. They explain the technical issue and proceed to adjust the chat box and prepare the next screen to continue the presentation.
00:49
Currency futures overview
00:49
The speaker begins by discussing the Australian dollar and shifts focus to currency futures, highlighting significant dollar buying activity in the morning. They mention four key currency futures: the Australian dollar (6A), the British pound (6B), and the Canadian dollar (CAD), noting that the CAD futures represent the inverse of the US dollar.
01:23
Volume and congestion trading
01:23
The speaker discusses trading strategies using currency pairs such as the...
Considering volume in two ways as we focus on the GBP/USD
At the start of the London forex session, I focus on the GBP/USD and explain how and why we focus on volume on two ways with the pair breaking away from congestion around the volume point of control indicator for NinjaTrader.
https://youtu.be/X7Z0GVxhB9E
00:01
Introduction and webinar start
00:01
The webinar host welcomes participants to the London session of the Forex webinar, apologizing for a delay caused by technical issues with GoToWebinar. They mention having to restart the setup, confirm everything is now working, and greet attendees on a rainy day in Hampshire.
00:31
Trading disclaimer and audience overview
00:31
The speaker begins by drawing attention to a disclaimer about the risks of trading, emphasizing that viewers should never use money they cannot afford to lose. They acknowledge the presence of experienced Forex students and users of quantum indicators in the audience, as well as new participants who may be attending for the first time.
01:00
Volume price analysis explained
01:00
In this session,...
Is Cable preparing for a reversal?
Some traders prefer to trade the trend, others look for reversals in order to get in early as the current trend tires. Here we take a look at one such opportunity for the GBP/USD after the excellent trend lower.
https://youtu.be/HNf0A2Vf1ZU
00:01
Introduction and webinar setup
00:01
The webinar host welcomes participants to the morning Forex webinar for the London session. They explain there was a brief delay due to technical difficulties with the GoToWebinar platform, which required restarting the setup. Despite the minor issue, the session is now running smoothly. The host also remarks on the rainy weather in Hampshire as the session begins.
00:31
Disclaimer and audience overview
00:31
The presenter begins by reminding viewers of the disclaimer about the risks involved in trading, emphasizing not to use money that cannot be afforded to lose. They acknowledge the presence of Forex students, users of quantum indicators, and new participants, addressing those who might be attending for the first time.
01:00
Volume price analysis explained
01:00
The session introduces...
A perfect example of mean reversion in the forex market
The forex market is one of mean reversion and there is no better example of this than we see in the currency strength indicator for NinjaTrader with currencies moving from overbought to oversold and back again in a never ending cycle.
https://youtu.be/77bvX1RKckA
00:10
Identifying key currency pairs to focus on
00:10
The speaker introduces the early morning setup at 6 o'clock local time, explaining the process of identifying which currency pairs to focus on and which to ignore. They highlight that since that time, there has been strong buying activity in both the US dollar and the Canadian dollar.
00:47
Analyzing currency strength on different timeframes
00:47
The speaker explains currency movements, highlighting the Japanese yen represented by a magenta line and the US dollar by a red line. The dollar's strength has been offset by significant selling of the Australian dollar, shown as a blue line. Different time frames are displayed, ranging from one minute to fifteen minutes, providing...
