The psychology of trading - do you have the patience?
The tactic of trading reversals takes patience, and something you may not have in abundance. In this example we take a look at the EUR/CAD with the euro heavily overbought and the Canadian dollar equally heavily oversold on the currency strength indicator for NinjaTrader.
https://youtu.be/AQqakclQlq4
00:10
Switching focus to Euro CAD pair
00:10
The speaker switches focus to the Euro CAD currency pair for a specific reason related to previous analysis using multiple CSIs. They compare Euro CAD with Euro Ozzie and mention that similar to the Pound Ozzie, there is congestion and falling trends observed in the Pound Ozzie pair.
00:45
Euro rollover and market selling pressure
00:45
The discussion focuses on the Euro rollover, indicating selling pressure on the Euro in the market. This selling is also impacting the Euro/Australian Dollar pair, showing a downward movement. The speaker questions which currency pair to monitor, noting that pairs involving the Euro often move in the same direction, similar to...
Trading success is all about levels and flow
Levels and flow define the areas of congestion, support, and resistance & finally accumulation and distribution using volume price analysis and the Quantum Trading tools and indicators.
https://youtu.be/7urYunxWdNw
00:18
Using Renko and Camarillo levels for analysis
00:18
The speaker explains that by coincidence, Dave David picked up on the same market movements they had been analyzing using NQ charts. They mention using a combination of Renko charts and Camarillo levels to track strong price action over the day and week. Due to the intensity of the price movement, they had to use the slowest timeframe, the hourly chart, to identify a key level that the index is likely heading towards.
01:06
Indicator shows six levels and breakout
01:06
The speaker explains a program designed to identify six levels instead of the usual four within the camera protocol. Using a faster three-minute chart, they demonstrate that the indicator has already surpassed the sixth level (S6). They also reference a Renko chart to better...
The most important index of all on TradingView
For intraday traders, the VIX is the most important indicator of all as it reveals sentiment through the prism of options, puts and calls.
https://youtu.be/VWzE_xdPlHQ
00:17
Introduction to VIX and daily chart analysis
00:17
The speaker demonstrates how to pull over and display the VIX indicator on a chart. They attempt to switch between different screen views and chart arrays, apologizing for some mistakes along the way. The focus shifts to examining the daily chart of the VIX to better understand its current position.
00:55
VIX declining slower than equities rising
00:55
The discussion focuses on the behavior of the VIX index, highlighting a disconnect between the VIX and equity markets. While equities surged higher, the VIX was declining from recent highs but not as quickly as expected. Normally, when equities rise steadily, the VIX remains low, around 10 to 12, reflecting a natural resting state indicating increasing risk appetite and market complacency. The segment explains this dynamic and the unusual pattern...
Learn about proxy risk and currency pairs
The AUD/JPY is a proxy risk currency pair which reveals much about sentiment in the broad markets. Discover why.
https://youtu.be/netm9SMQLwo
00:15
Overview of news sources for trading data
00:15
The speaker discusses options for accessing news websites, highlighting both free and paid services. They mention several platforms such as Forex Live, Forex Flow, Investing.com, Reuters, and Bloomberg, noting that paid services like Reuters and Bloomberg can be expensive. They also talk about live news feeds available through some brokerage accounts like MT5 and Interactive Brokers, which offer free live data depending on the platform and the amount of data needed.
01:36
Aussie yen price and volume analysis
01:36
The speaker analyzes the Aussie yen currency pair on Forex, highlighting recent volatility driven by high trading volumes during a market plunge affecting emerging markets broadly. There was initial indecision followed by weakness and a downward move into a low-volume price region. This low volume area on the volume point of control suggests price could...
Learn how to trade oil using multiple time frames.
Oil is one of the key commodities for forex traders, and as crude oil slumped in price, this was reflected in the forex markets and the Canadian dollar.
https://youtu.be/XH11ebDXcMs
00:15
Introduction and oil market overview
00:15
The speaker welcomes viewers warmly despite the weather and mentions watering the garden. They acknowledge some technical issues from earlier and assure the audience that questions can be asked in the chat. The session will focus on oil, specifically the WTI contract, and the speaker prepares to discuss its relationship to the CAD/yen currency pair, highlighting the influence of risk factors and major market conditions.
01:13
Multiple time frame trend monitoring
01:13
The speaker discusses trading a commodity that is currently crashing, emphasizing that trading principles are consistent regardless of the instrument or timeframe. They explain using multiple timeframes—from 2 minutes up to daily charts—to analyze trends. The trend monitor tool is highlighted as especially valuable for maintaining profitable positions, particularly when used across multiple...
This was on the radar and something I forecast last week!
The sharp falls yesterday for US equity markets was something I highlighted last week in my market analysis and signalled in several ways, from the VIX, to volume price analysis, and just as important in the forex world. The clues were all there if you knew where to look!
https://youtu.be/66v5Wdzw8PA
00:00
Introduction and trading disclaimer
00:00
The recording begins with a reminder about the risks involved in trading and investing. The speaker emphasizes the importance of only using money one can afford to lose. They also mention the significant market activity observed that day, noting a major sell-off with the Dow experiencing a notable decline.
00:33
Market sell-off and Dow drop
00:33
The speaker discusses market activity, noting that the figure has reached 1,300, which is remarkable but not entirely surprising for regular followers. They reference a post from June 3rd highlighting unusual market behavior, particularly from a volume price analysis (VPA) perspective.
01:09
VPA and market correction signals
01:09
This segment discusses...
Looking to enter a price waterfall? This is a classic candle
Looking to enter a a price waterfall? This is a classic candle to watch out for in this move.
https://youtu.be/r3UsEEPlIR8
00:19
Microphone and audio issues resolved
00:19
The speaker confirms their microphone is working and greets the audience multiple times. They express uncertainty about a previous technical issue, noting that the screen was visible to some but there was no audio. The speaker thanks everyone warmly for their participation.
00:48
Starting analysis with multiple CSIs
00:48
The speaker notes a technical oddity where the microphone icon disappeared from the chat, emphasizing it was likely not caused by their actions. They express a lighthearted frustration with technology before shifting focus to discussing multiple CSI intervals, mentioning having them set at three, five, ten, and fifteen minutes.
01:18
Strong selling on British pound
01:18
The current market shows strong selling pressure on the British pound, indicated by a significant drop in the yellow line. There is also notable selling activity elsewhere, presenting multiple reversal opportunities....
Watch out for big moves ahead of the London open for forex markets
https://youtu.be/FuUgaD6b4ds
00:01
Introduction and disclaimer
00:01
The speaker begins by checking audio connectivity with the audience through the chat box. After a brief technical hiccup with the headset, the webinar officially starts with a welcome message. The speaker then draws attention to the disclaimer displayed on the screen, noting the inherent risks involved in training.
00:29
Overview of market conditions and pound aussie
00:29
The speaker advises against using money one cannot afford to lose and introduces the webinar's content. They highlight recent significant price action in the Pound versus the Australian Dollar, noting important market divergences and shifts in sentiment and risk perception. The discussion points to an inflection point in broader market dynamics, emphasizing the relevance for those familiar with the program. The segment concludes by focusing on the upcoming London market open and the notable price movements observed in this currency pair.
01:37
Volume price analysis and session crossovers
01:37
The speaker introduces the methodology of volume...
Using non-time-based charts to see inside the price action
https://youtu.be/OsdlTIdSVy0
00:14
Volatility and volume pickup
00:14
The speaker apologizes for a delay and focuses on analyzing the current market situation. They note the presence of volatility and a volatility trigger, indicating potential congestion with either a reversal or continuation within the range of a specific candle. Additionally, a volume increase is observed shortly after 8:01.
00:45
Staying with the trend and managing emotion
00:45
The speaker emphasizes the importance of staying with the trend in trading and managing emotions after securing a profitable position. They highlight the challenge of maximizing potential gains while being cautious during crossover periods, specifically referencing the European market opening and the London session starting.
01:16
Trend dots and trend monitor indicators
01:16
The segment explains the interaction between two trading indicators: trend dots and the trend monitor. Trend dots change color first, signaling phases where a trend is slowing down, transitioning into congestion (gray), or potentially reversing. In contrast, the trend monitor provides a more considered, longer-term view...
Discover what forex trading approach suits you best
https://youtu.be/ZMz3llNBkeY
00:11
Deciding your tactical market approach
00:11
The speaker apologizes for moving the chat box and discusses the importance of determining a tactical approach to the market. They emphasize the need to choose strategies based on both market conditions and individual personality or trading strengths, using the CSI as a reference point.
00:58
Importance of trading psychology
00:58
The video emphasizes starting with the psychology module in the program to understand personal traits such as patience and risk tolerance. It explains the importance of knowing whether you prefer taking on more risk for potentially higher rewards or adopting a more cautious approach with lower risk and reward. This understanding influences the timing and strategy of your tactical approach.
01:30
Trading re-entry on trends
01:30
This segment explains the concept of trading by entering an already established trend. It emphasizes the strategy of looking for reentry points, likening it to hopping onto a moving train that has already left the station, rather than trying to...
