Using time and non time based renko charts on MT5 to trade the GBP/USD currency pair
In the third part of this morning’s webclass I take a look at the GBP/USD pair and explain how to trade it using time based charts and volume price analysis and non time based charts in the form of the renko for MT5.
https://youtu.be/GKOs1qwvApE
00:23
Cable profile and pound move overview
00:23
The speaker apologizes for technical issues with a stuck window on their monitor and proceeds to discuss the profile for the British pound (Cable). They reference a notable recent move in the pound against the New Zealand dollar and focus on the 10-minute chart for Cable, having isolated it from other currencies. They note that the pound is still moving higher during this period.
00:59
Dollar selling off vs pound new zealand
00:59
The discussion focuses on currency movements, noting that while the dollar is selling off, this trend hasn't fully mirrored what has been observed in the New Zealand dollar. On...
What the currency strength indicator reveals in multiple timeframes
In the second part of this morning’s webclass David explains how to use the currency strength indicator in multiple timeframes and what it reveals to help you understand the price cycle of mean reversion.
https://youtu.be/qBiOZRhoe-s
00:13
Introduction to multi-time frame analysis
00:13
The speaker greets the audience and confirms their microphone is working. They prepare the workspace and reference a previous discussion by Anna about the 60-minute chart for the Australian dollar, indicating they will begin by reviewing that chart.
00:55
Aussie dollar resistance and volume points
00:55
The speaker analyzes the Aussie dollar on a five-minute chart, noting it was trading near the volume point of control with strong resistance just above 71.50. They emphasize the importance of using multiple time frames in trading, as it provides varied perspectives on volume and price analysis, which is crucial for informed decision-making.
01:31
Volume indicators and accumulation distribution
01:31
The segment explains various trading indicators used to analyze market sentiment and volume. It highlights the trend...
How to select the best currency pair with the strongest trend
How to select the best currency pair with the strongest trend using the currency majors matrix. Here we focus on the USD and see which pairs are trending and which are not, but more importantly why using the currency strength indicator.
https://youtu.be/Aw7JkbduSBE
00:16
Introduction to currency strength matrix
00:16
The speaker begins by ensuring their microphone is on and introduces the topic centered around the 'dollar workspace' or 'dollar matrix.' They mention focusing on six out of seven currencies, including the dollar and yen, and emphasize the importance of understanding which currencies and currency pairs are actively moving and which are not.
00:44
Dollar and Swiss franc price movements
00:44
The discussion focuses on analyzing the CSI to understand market movements, specifically why the dollar and Swiss franc are moving the way they are. The speaker describes a clear price waterfall effect with falling prices, widening spreads, and rising volume, highlighting the textbook nature of this market behavior. The...
More volume lessons for forex traders using the GBP/NZD
Volume price analysis is a powerful methodology and one which can be used for all markets and instruments and even in spot forex, where we use tick volume as a proxy and one which works perfectly as you will see in this video.
https://youtu.be/gJ3GUp1jP8o
00:01
Introduction and market context
00:01
The webinar begins with a warm welcome and a note on the unusual summer weather in the UK. The presenter highlights the current busy market activity, which is unusual for summer, and hints at significant events expected by the end of the trading session and the following day. After a brief disclaimer reminding viewers about the risks of trading and the importance of only using money they can afford to lose, the presenter acknowledges the diverse audience, including both new and returning participants, welcoming everyone to the session.
01:33
Session overview and trading focus
01:33
The session introduces day trading and intraday trading, focusing on identifying trading opportunities in US markets,...
The cross-currency pairs can really deliver for forex traders
As forex traders, we tend to focus on the currency majors, but if you open your eyes and move to some of the cross-currency pairs, you will be surprised at the strong trends they can deliver. In this video I highlight one example using the EUR/CAD.
https://youtu.be/dQJWjAdUh7I
00:13
Switching from Ninja to MT5 platform
00:13
The speaker switches from using Ninja to MT5 trading platform, noting that MT5 offers more time frames and greater flexibility compared to MT4. They highlight that MT5's variety of minute charts aligns well with their ongoing discussions about oil in forex trading.
00:46
Importance of relational market analysis
00:46
The program includes a module on relational analysis, which involves examining markets outside the one being traded. For example, forex traders need to understand the bond, commodity, and equity markets. Similarly, index futures and stock traders should consider external market influences to enhance their trading strategies.
01:22
Understanding market sentiment via currencies
01:22
The speaker emphasizes the importance of understanding immediate...
What a signal!! Such a straightforward trade on the WTI futures using volume price analysis
Volume signals don't come much better than this in the afternoon trading session for US futures, with the stopping volume clear for all to see!
https://youtu.be/B4Qj9bUrvgU
00:12
Introduction and oil market overview
00:12
The speaker begins by confirming their microphone is now on and interacts briefly with the audience. They indicate their intention to start with an oil example, describing it as a straightforward, fundamental case for illustrating VPN (Value at Risk) concepts.
00:48
Oil price plunge and recovery analysis
00:48
The segment discusses a significant plunge in oil prices, dropping to just above $38 per barrel before rebounding to around $40.20 for the September contract. The speaker highlights this as a classic example of a volatility price pattern (VPN) and describes it as a clear, strong buying signal that is hard to miss. The analysis includes observing a price waterfall effect, with a crash below the volume point of control followed by initial signs...
Learn how to trade E-Mini Index futures using volume price analysis
In this video from the US futures trading session we show you how to trade emini index futures with confidence using volume price analysis.
https://youtu.be/zSdmwqDf3zY
00:10
Negative market open on indices
00:10
The speaker provides an overview of the current state of major stock indices, including the Dow (YM), Nasdaq (NQ), and S&P 500 (ES). All three indices experienced significant negative movement this morning, reflecting market reactions to recent overnight news, including ongoing concerns about the pandemic and other factors.
00:44
Recovery and falling VIX explained
00:44
The segment discusses recent market activity, highlighting a significant recovery after a downturn. Despite initial negativity, particularly in the Enkei index, it has rebounded close to its previous level. Similar recovery patterns are observed in the ES index. Additionally, the VIX, a measure of market volatility, is decreasing intraday, indicating reduced market uncertainty.
01:12
VIX level and equity rally analysis
01:12
The discussion focuses on the equity market rally, noting that while equities are rallying as...
Learn to trade the currency of first reserve with confidence
In this vidoe we explain how to trade the currency of first reserve with confidence by using a simple currency majors matrix. This is easy to create and can also be created for other currencies in the same way.
https://youtu.be/vmuCrEwR7E8
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00:10
Introduction to Majors Matrix and currency pairs
00:10
The presenter welcomes the audience, ensures the screen and microphone are set up correctly, and introduces a workspace called the majors matrix, which organizes six major currency pairs for analysis.
00:45
Dollar selling and 3-minute timeframe overview
00:45
The speaker explains that the current market focus is on the US dollar, which has experienced significant selling overnight. They refer to a three-minute timeframe chart on the CSI, highlighting the dollar's decline. The speaker also notes an advantage of using the Ninja trading platform over MT4 and MT5 in this context.
01:16
Local time display and London market open effects
01:16
The speaker explains that the local time is displayed in real time, specifically noting that...
Wyckoff's second law in action on the GBP/NZD currency pair
Wyckoff's second law is one that brings in the concept of time. In other words the longer a phase of price action has been building and particularly in congestion, then the greater should be the result once the trend develops. So in congestion phases, if these last for some time, then expect the consequent trend to be significant.
https://youtu.be/v4V3h1jkTkQ
00:00
Introduction and disclaimer
00:00
The webinar begins with a brief apology for the delayed start due to technical setup. The host emphasizes the risks involved in trading and advises viewers to never invest money they cannot afford to lose. The audience is acknowledged as diverse, including users of quantum indicators, participants in the forex program, readers of related books, and others. The session aims to provide valuable insights regardless of participants' background.
01:01
Volume Price Analysis explained
01:01
The segment introduces an analysis approach to the forex market, focusing on volume price analysis (VPA), which combines price action and volume...
More lessons in volume price analysis in the spot forex markets
The EUR/USD delivers some more lessons in volume price analysis during the London forex trading session. The volume price analysis methodology is based on Wyckoff's three laws of effort and result, cause and effect and of course supply and demand.
https://youtu.be/WVMP8MQruc0
00:13
Introduction to Eurodollar VPA lessons
00:13
The speaker revisits the MT5 platform, focusing on the Eurodollar to highlight key Volume Price Analysis (VPA) lessons. They mention how the volume point of control, indicated by a yellow line, was initially low on the three-minute chart and marked the start of a strong upward move. The speaker also discusses the timing on MT5, noting a two-hour adjustment needed for their version to align the timestamps correctly. Although the move coincided roughly with the European market opening, it was primarily a successful example of a breakaway trade, with some confusion about chart timeframes resolved by switching back to the three-minute chart.
01:24
Volume Point of Control dynamics explained
01:24
The...
