London forex session using volume price analysis
In this morning's forex trading session we saw the first signs of a change in sentiment following the panic selling of the last few weeks, with risk currencies and safe haven flows sending strong signals of this change. Volume price analysis confirms using Wyckoff's three laws of supply and demand, cause and effect and finally and most importantly effort vs result.
https://youtu.be/HE1j44W55LY
00:00
Introduction to Forex webinar series
00:00
The webinar begins with a welcome to the London session of the Forex series. This is the first in a short series of webinars scheduled over the next few weeks, with flexibility for attendees to join any or all sessions. The series is timed around Easter and was organized from an ad-hoc approach.
00:31
Market crashes and trading opportunities
00:31
The speaker discusses the current unprecedented market conditions, including recent market crashes. Many people are now at home and considering trading either to supplement their income or for long-term investment. There is also interest...
Volume price analysis and congestion phases
Volume Price Analysis & Congestion Phases
A nice congestion phase building on the 5m chart for GBP/JPY, introducing several elements of volume price analysis. First, we have support and resistance. Here, we see a strong region of resistance forming, indicated by the red dashed line. This is on the accumulation and distribution indicator which displays graphically the strength of such regions. In other words, the thicker the line, the stronger the region, so a strong ceiling of resistance is building at 129.75. In addition, we are also trading at the volume point of control at 129.52.
This is the fulcrum of the market at present, with no bullish or bearish bias. In other words, the market is in price agreement, where we have the heaviest concentration of volume. The key now is to wait for the breakaway from this region which will come - it's a question of being patient and waiting. And on the move away...
Muted reaction to NFP for equities
Fundamental news is often cyclical, and the importance of one type will vary according to where we are in the economic cycle. In addition, such items may be overshadowed by more prescient news, and this is certainly the case at present with the coronavirus dominating world headlines and driving fear in the markets. So it was no surprise to see the monthly NFP release have little impact on US indices, which paused momentarily before continuing their journey South as we can see across the three sisters here of the YM emini, the NQ emini and the ES emini. Note the weakness in the reaction at the top of the 5 m charts.
Non-Farm Payroll (NFP): A Key Economic Indicator for Traders
Non-Farm Payroll (NFP) is one of the most anticipated economic releases in the trading world. Issued monthly by the U.S. Bureau of Labor Statistics, NFP reports the change in U.S. employment excluding farm workers, private household...
Great Volume Price Analysis Lessons On The CAD/JPY
Some classic price action on the CAD/JPY daily chart, and in particular, several volume price analysis lessons to take away. First, note the volume anomaly on the wide spread up candle. Volume is average, so the market makers are not participating, as the trap is set. Clearly, volume and price are not in agreement, and this is a sure signal of weakness ahead.
The price waterfall is developing as expected, and note the rising volume in a falling market, confirming the strength of the trend. Finally, in the last few days, we have had a two-bar reversal on good volume, with the currency pair looking weak. And remember, the Canadian dollar is closely associated with oil and with the recent fall in oil prices, this has also been reflected in the currency and one of the topics I cover in my free forex webclass.
Volume Price Analysis (VPA) 101: A Beginner's Introduction
Volume Price Analysis (VPA)...
