Day trading in stocks and futures using volume price analysis

Day trading in stocks and futures using volume price analysis

00:07

Intro and session overview

00:07

The session begins with a welcome and an introduction to the topics, focusing on markets other than forex, including stocks and commodities. The presenters emphasize applying volume price analysis to trading and investing. They also highlight the importance of the trading disclaimer, reminding viewers of the risks involved and advising against using money they cannot afford to lose. The timing of the session is noted as a change to accommodate more traders globally.

01:42

The host transitions quickly to chart analysis and stock selection strategies. He mentions that regular viewers are familiar with the focus on how to choose stocks for trading. While forex is not covered in this session, the speaker notes the limited options available in forex compared to stocks, setting the stage for deeper discussion on stock trading techniques.

02:28

Stock selection challenges and tools

02:28

The speaker discusses the challenge retail traders face when choosing trades, noting that selecting from 28 currency pairs is relatively straightforward with the help of specific tools from Quantum Trading. However, stock trading is far more overwhelming due to the thousands of available options across the U.S., UK, and local markets. The choice of how to trade stocks—whether through buying and selling shares, options, or fractional trading—depends largely on the trader’s starting capital. Further details on this topic will be covered in future sessions.

03:36

The speaker highlights several free research sites for stock trading and emphasizes Finviz as a standout tool for filtering and selecting stocks. They demonstrate a simple search filter and explain that additional filtering criteria can be added, which align well with volume price analysis methodologies. These include price action, volume, candlestick patterns, support and resistance levels, and multi-timeframe market analysis, enhancing the stock selection process.

04:52

The discussion focuses on the importance of market capitalization in stock filtering, explaining how Finviz allows users to select stocks by size, from mega-cap companies like Tesla and Apple to micro-caps. The speaker stresses that a stock’s market cap affects its liquidity, which is distinct from daily trading volume. Despite indices reaching all-time highs, overall volume has decreased, indicating that market conditions may appear positive superficially but require deeper analysis through charts.

06:07

Market seasonality and earnings impact

06:07

The speaker discusses the typical seasonal market behavior towards the end of the year, often characterized by a ‘Santa rally’ where markets tend to push up as funds present reports and earnings season is underway. However, this positive trend was disrupted in 2018 due to a Federal Reserve meeting that caused market turmoil. Despite strong earnings reports, stock prices do not always rise because the market looks ahead and questions if companies can maintain their performance amid various headwinds such as ongoing inflation, the lingering effects of the virus, and the energy crisis.

07:45

Inflation is currently the main concern for the market, with debates about its future trajectory. This uncertainty explains why even excellent earnings reports may not lead to stock price increases, except in cases where companies could benefit from an inflationary environment. The speaker then shifts focus to market metrics, mentioning filtering stocks by market capitalization from 10 billion to 200 billion and considering average volume thresholds. Relative volume is defined as the ratio of current trading volume to the three-month average, indicating when trading activity is significantly higher than usual.

08:51

Volume importance in trading

08:51

The speaker emphasizes the importance of high trading volume, explaining that volume aligned with price action indicates genuine market movements. They discuss using volume filters, such as setting thresholds at 1.5, to focus on daily or short-term trading opportunities.

09:24

Further elaboration on volume filtering is given, noting that increasing the threshold to over 2 or 3 significantly reduces the number of stocks but helps in practicing and understanding the impact of filters. The speaker mentions leaving sector filters open to ‘any’ for now.

09:58

The discussion shifts to sectors, which will be covered in future sessions, especially in the context of year-end performance to predict next year’s trends. Stocks are also filtered by being optionable and shortable to ensure activity and liquidity.

10:26

Liquidity is highlighted as crucial, especially in volatile markets, because poor liquidity can make it difficult to exit positions. The speaker explains that these filters help identify stocks with sufficient market activity to trade safely.

11:00

The speaker shares feedback from a viewer who used the Finviz website to create stock lists based on descriptive and fundamental criteria. This interaction underlines the practical value of combining different filter types in stock screening.

11:35

While fundamentals are not the focus of the current trading sessions, the speaker notes their importance from an investing perspective and mentions plans to cover fundamentals in detail in an upcoming program with a colleague named David.

12:12

The speaker differentiates between traders and investors based on the holding period and explains that traders need to monitor fundamentals like earnings closely, especially during earnings season, even though longer-term fundamental metrics are more relevant for investors.

12:43

A screener tool is praised as a valuable learning resource because it provides explanations for fundamental metrics, helping users understand the data behind stock selection and trading decisions.

13:18

Volatility and beta in stock trading

13:18

The speaker introduces the concept of volatility, measured by beta, as a critical factor in stock trading, especially for options trading. They explain that while they have not focused on beta much before, it is essential to understand for advanced trading strategies. The speaker shares an early options strategy involving buying stocks and writing covered calls to generate income, highlighting the importance of selecting stocks with appropriate volatility.

14:31

The speaker describes their past experience holding stocks like Honeywell, Duke Energy, Hilton Hotels, and Owens Illinois, where they earned premiums from covered calls in addition to dividends. The strategy is likened to renting out a house, earning steady income from the stocks. They note that the stocks chosen were generally stable, with minimal risk of being called away, and emphasize the dual benefits of ownership and income generation.

15:32

The importance of beta in selecting stocks for covered calls is discussed, with a preference for stocks that are mildly bullish and range-bound rather than highly volatile. The speaker stresses the need for a ‘just right’ level of volatility, as too much or too little can be problematic. Beta is also noted as an important measure for day trading, helping traders understand price movement tendencies.

16:07

The speaker explains that beta measures volatility on a scale where higher values indicate greater price swings. They emphasize the need for balanced volatility, comparing it to the Goldilocks principle—neither too high nor too low. The discussion briefly touches on the Relative Strength Index (RSI), commonly used in forex trading as a mean reversion indicator, suggesting its relevance for stock market analysis as well.

16:38

RSI and mean reversion concepts

16:38

The speaker discusses the concept of reversals in trading, emphasizing that the forex market often experiences oscillations similar to sine waves. They reference the Relative Strength Index (RSI) as a useful tool for identifying oversold or overbought conditions. The speaker mentions developing more sophisticated quantum indicators that improve on the standard RSI, aiming to provide traders with better insights without typical biases.

17:55

The speaker explains the practical use of RSI to quickly identify oversold stocks, using a threshold of 40 to find candidates for potential reversals. They highlight Boeing as an example, showing signs of being oversold with a significant wick and volume on the previous day’s candle. The discussion then shifts to the oil and gas sector, noting its strong performance this year followed by a recent pullback. The speaker points out specific candlestick patterns and market behavior indicating a possible upcoming rebound despite recent volatility.

20:17

Example analysis: Boeing and oil sector

20:17

The speaker discusses technical analysis using RSI (Relative Strength Index) to identify overbought conditions, specifically referencing Tesla stock. They mention that without applying RSI, certain chart patterns wouldn’t appear. The speaker also reflects on the criticism they received for their previous commentary on Tesla, including from notable figures like Goldman Sachs and Elon Musk.

21:00

Tesla’s market and options influence

21:00

The discussion begins with observations on Tesla’s stock price behavior, noting that despite rising prices, trading volume is falling, with particular reference to recent chart patterns like the shooting star. The speakers highlight the significant impact of retail participation in the options market, fueled by platforms offering commission-free options trading. Collective trading groups on Reddit and Wall Street Bets have skewed the options market, especially with many traders buying call options, which exerts upward pressure on stock prices.

22:51

The conversation delves into the role of options dealers who manage the influx of call options to maintain market functionality, affecting the pricing ‘greeks’. Weekly options, which are a relatively recent development replacing monthly expirations, have brought a surge in short-term trading activity. Tesla is used as a key example, where $16 billion in call options represent 55% of the total options market, illustrating how this volume influences the stock price beyond what is shown in traditional volume metrics. The speakers plan to analyze upcoming expiration effects on Tesla’s price.

24:34

The discussion continues with the anticipation of Tesla’s options expiration impact and broader market changes driven by meme stocks. A fund manager’s perspective is shared, who exited Tesla early due to concerns over the company’s fundamentals and valuation when it was priced much lower. Despite skepticism from institutional investors, Tesla’s growth has eventually aligned more closely with fundamentals. The segment underscores how fund manager constraints and strict buying criteria influence stock selection, highlighting the evolving nature of market participation and analysis.

26:17

The speakers discuss potential future changes in market operations, including proposals to extend trading hours and possibly move toward 24-hour stock trading similar to cryptocurrency markets. This reflects ongoing shifts in how markets function and how continuous trading might become more common, responding to new patterns of participation and demand for more flexible trading opportunities.

26:48

Candlestick patterns and filtering

26:48

The speaker explains their decision to pay for the elite service of a charting platform due to its enhanced features compared to the free version. They highlight the importance of support and resistance in volume price analysis (VPA), particularly through horizontal support and resistance levels. The elite service offers detailed insights into individual candlesticks, such as the hammer candle, which is considered a key signal for potential reversals to the upside. They also mention saucer patterns and the significance of wicks at the bottom of candles as indications of buying interest.

28:08

The discussion continues on candlestick patterns, focusing on the marubozu candle, which is characterized by a wide body with little to no wicks. This type of candle is useful for benchmarking price action and volume to detect anomalies. The speaker points out that while the marubozu candle is a strong indicator, the presence of wicks can alter its significance. They illustrate this with examples from specific stocks and emphasize the importance of considering volume alongside candle shape to better understand market sentiment.

29:23

Further analysis of candlestick patterns is provided using examples from stocks like Viac and Vertex Energy. The speaker notes that a true marubozu candle has a solid body without wicks, while a candle with a wick at the bottom is not a marubozu and can indicate some buying activity. They stress the importance of comparing candle volume to its range to identify anomalies, where low volume during a wide-range candle might suggest limited follow-through. The segment concludes with the speaker planning to continue monitoring and analyzing these patterns for trading insights.

31:05

Viac chart and price action analysis

31:05

The speaker analyzes the monthly chart of a stock that surged from $10 in 2020 to $106 before sharply declining to about $36. They note significant volume spikes and volatility, mentioning patterns that suggest weakness rather than strength, and hint at possible external factors like a family dispute affecting the stock. The chart resembles a pump-and-dump scenario with rapid price increases followed by declines.

32:20

Examining the weekly chart, the speaker highlights underlying weakness despite some daily chart optimism. They discuss the importance of volume accompanying price movements, pointing out that recent candles show volatility but lack strong volume support. A notable doji candle signals uncertainty, followed by a sharp drop to around $40, with the price drifting lower near the volume point of control.

33:24

The discussion turns to the significance of key price levels, especially the volume point of control, which currently acts as resistance and contributes to bearish pressure. The speaker emphasizes combining volume and price action analysis with level identification to understand potential price behavior more accurately.

34:02

Without specific camarilla levels, the speaker estimates support around $35 based on volume analysis and daily chart activity where buying has emerged. They stress that traders often focus on round numbers like zeros and fives as psychological levels, which influence buying decisions. However, they caution that the market psychology is complex and not all traders perceive the current price as a bargain.

35:13

Using a screener and understanding volume-price elements can help determine if a reversal trade is appropriate after a significant price drop. The speaker advises patience, noting that selling tends to outpace buying, and that timing a reversal requires careful analysis of slower time frames and volume patterns.

35:50

The speaker shares personal trading experience with forex, observing sharp moves and quick reversals in currency pairs. They express a preference for short trades due to the desire for quick entries and exits, highlighting the fast-paced nature of trading and the need to adapt strategies to market behavior.

36:21

Vertex Energy stock overview

36:21

The speaker discusses Vertex Energy, highlighting its impressive one-year performance of over 1000%, driven largely by rising oil prices and inflation. The energy sector benefits because energy consumption is essential and less elastic to price changes, similar to food. Despite strong long-term gains, the short-term performance over five days, one month, and three months has been lackluster.

37:37

The speaker explains their interest in Vertex Energy due to unusual trading volume at the stock’s low point, referencing MarketBeat for news and investor activity. The stock is heavily shorted, with a 24.4% increase in short interest, raising concerns about insider selling and potential sell-offs. This suggests the market may be skeptical about the company’s prospects.

38:46

The speaker reviews Vertex’s monthly chart, describing a long period of price consolidation within a defined channel between support and resistance levels. Using a NinjaTrader indicator that highlights frequently tested price levels, they explain that consolidation often leads to a breakout in either direction. Initially, the stock appeared to break support to the downside but volume-based support held the price within the channel.

40:25

Further chart analysis shows the stock remained within its consolidation channel despite attempts to break lower, supported by volume patterns. Three candles indicate weakness, including a spinning top, but large volume spikes suggest volatility and potential for big moves. The speaker notes a classic pump-and-dump pattern, with a large volatility candle signaling a likely retracement.

41:34

The speaker highlights volume anomalies beneath price candles, indicating significant trading activity inconsistent with price movement. They interpret this as evidence of a pump-and-dump scenario in this low-priced stock, which is heavily shorted. Recent candle patterns and volume suggest a reversal may be underway, possibly driven by activist traders aiming to challenge hedge funds, making the stock’s future movements worth monitoring.

43:12

The speaker concludes by expressing intent to watch Vertex, Tesla, and Viac for upcoming market sessions and invites questions from viewers. They then hand over the discussion to a colleague named David for further contributions.

43:44

Tesla multi-timeframe volume analysis

43:44

The speaker begins by discussing Tesla’s stock charts across multiple time frames: one, three, five minutes, and daily. They highlight a significant volume surge accompanying Tesla’s price movements, noting a gap up and volatility triggers with widespread candles and heavy volume. The daily volume is exceptionally high, nearing 60 million shares, which is unusual when compared to the monthly context. This volume anomaly suggests strong market activity and sets the stage for a deeper volume-price analysis.

46:13

The speaker explains the principle of volume-price analysis, focusing on anomalies where price movements occur with either very low or very high volume. They compare recent Tesla price actions, noting one instance of strong volume with a large price move and another with low volume despite a sharp rally. This low volume rally could indicate potential congestion or a reversal. The intraday chart confirms a bearish move supported by rising volume and widening spreads, signaling strength in the downward trend.

48:20

Attention shifts to support and resistance levels derived from the accumulation distribution indicator, which visually represents price strength and resistance on the chart. The speaker emphasizes the importance of clustered levels, which collectively form stronger barriers to price movement. They also introduce the tick speedometer, a tool that helps determine optimal tick chart settings for intraday trading and signals market activity levels through a traffic light system. Increased activity corresponds with green and orange signals, indicating good trading conditions.

51:10

The discussion moves to volume-based support and resistance using the volume point of control (VPOC) and associated volume histograms. The VPOC marks where bullish and bearish forces balance, and price tends to congest near these high-volume areas. Conversely, low volume nodes allow price to move quickly through them. The speaker highlights how Tesla’s price reacts around these volume levels, explaining that significant volume clusters act similarly to price-based support and resistance, causing congestion or facilitating price movement.

54:39

Using candle patterns, specifically hammer candles, combined with volume and accumulation distribution levels, the speaker illustrates the identification of strong resistance at a specific price point (1038). They note that breaking through this level requires overcoming significant volume barriers, and multiple time frame analysis is crucial, with slower time frames carrying more weight. The speaker observes a two-bar reversal indicating a potential bullish transition but emphasizes cautious monitoring of volume and price action to confirm strength.

57:16

The speaker elaborates on volume-price analysis nuances such as pivot highs, rising volume in price waterfalls, and narrowing spreads signaling weakening rallies. They discuss a strong support/resistance area tested multiple times, comparing it to a strengthening muscle metaphor. The speaker also notes classic price arching (catenary price action) where spreads flatten as the market weakens. Examining three and five-minute charts, they highlight how volume and price levels predict likely congestion zones and price behavior, emphasizing the predictability of volume clusters in price movements.

01:00:26

The methodology discussed is applicable across various markets including stocks, commodities, futures, and forex. Support and resistance levels derived from the accumulation distribution indicator are dynamic, recalculating whenever tested by price action. The colors on the chart represent these levels but do not signify support versus resistance inherently; the levels change roles when breached. This ongoing recalculation ensures the indicator remains aligned with current market conditions, providing real-time insight into price strength zones.

01:02:38

The accumulation distribution indicator is available on multiple trading platforms such as NinjaTrader, TradingView, and TradeStation. The speaker demonstrates how the indicator tracks the number of times a level has been tested, increasing its strength rating with each successful test. This complex algorithm continuously updates these levels, reinforcing the dynamic nature of support and resistance and enhancing traders’ ability to interpret market structure accurately.

01:03:40

The speaker reiterates the functionality of the accumulation distribution indicator across different platforms, emphasizing the constant recalculation of levels as price tests them. This process strengthens the identification of key price levels and supports trading decisions. The explanation sets the stage for transitioning back to indices analysis, indicating the broad applicability of the volume-price methodology.

01:04:07

US indices market condition update

01:04:07

The speaker reviews recent price action in major indices including the Nasdaq, S&P 500, and Dow, highlighting a curving or arching effect in the market that signals weakness. Despite increased volume, price movement is minimal, indicating a divergence between effort (volume) and result (price action). This suggests that attempts to push prices higher are failing.

01:05:06

An analogy is used comparing the market to a car struggling to climb an icy hill: despite increasing effort (accelerator pressure), the car (price) fails to move forward. This illustrates heavy selling pressure preventing the market from advancing, with sellers consistently countering every rally attempt, signaling a lack of buyer acceptance.

01:06:14

The market makers are identified as selling into weakness, continuously suppressing rallies. The speaker notes that the three major indices are now in agreement about this bearish sentiment, with price actions confirming downward movement. This alignment across indices reinforces the strength and consistency of the current negative trend.

01:07:12

A notable price waterfall is developing across all three indices, confirming a strong sell-off. The speaker points out significant support and resistance levels, as well as volume characteristics, emphasizing the importance of volume and trend monitors in interpreting the market’s directional strength and potential areas of congestion.

01:08:09

Focus shifts to intraday trading on the Nasdaq using multiple time frames from 15 seconds to 15 minutes. Rising volume accompanies the downward price movement, signaling a tradable move. However, the presence of a volatility trigger and a volume point of control suggests potential congestion or a pause in the move, cautioning traders to be alert for a change in momentum.

01:09:11

The speaker advises caution as the price approaches key volume point of control levels on the 5-minute and 10-minute charts, which are likely to act as strong resistance or support. The 10-minute chart is emphasized as the most important timeframe currently, indicating that traders should watch for potential reversals or congestion at these critical levels.

01:10:31

Discussion on trading strategies focuses on scaling in versus scaling out of positions. Scaling in is based on confirmed price action and facts, adding contracts as the trend develops, while scaling out depends more on expectation and managing risk. The speaker highlights that there is no one right way, and traders should choose the approach that suits their style.

01:11:58

A significant volatility trigger appears on the 5-minute chart, signaling that the current move may congest or reverse soon. The speaker recommends exiting positions at this point to avoid potential losses, noting that the presence of large volume under the trigger indicates big operators’ involvement. Rising volume confirms the downward move, and the market has paused at an important volume point of control, illustrating how intraday trading decisions are made based on volume and price action.

01:13:21

Intraday trading with volume price analysis

01:13:21

The speaker discusses the advantages of using fast time frame charts, such as the 15-second chart, for intraday trading to quickly identify market movements, especially through low volume areas. They recommend using these charts primarily for gaining knowledge and improving speed in recognizing market behavior rather than for direct trading. The importance of aligning price-based support and resistance levels with volume price analysis (VPA) is emphasized, along with caution when interpreting multiple volume point of control (VPOC) levels on slower time frames.

01:14:49

The speaker introduces the concept of blending time-based charts with non-time-based charts like Renko to better capture raw market momentum. Unlike time-based charts, Renko charts form bars based on price movement, not time, allowing faster market moves to be seen more clearly. Using multiple Renko charts aligned with time-based charts enables traders to combine volume price analysis with momentum insights, enhancing trading decisions.

01:16:23

The Renko optimizer indicator is explained as a tool that determines the optimal brick size for Renko charts based on the specific instrument being traded, such as gold, oil, or stock indexes. The speaker demonstrates adjusting settings for the Nasdaq 100 and YM futures, showing how each Renko brick represents a defined point value, which helps quantify price movement in a meaningful way for the trader.

01:17:23

Further setup of Renko charts on various time frames is described, with the accumulation distribution indicator providing strong support and resistance levels. The speaker highlights the use of trend monitors and trend dots indicators working together: trend dots react quickly to price action and congestion, while the trend monitor offers a slower, more considered view of overall trend changes, providing a robust approach to identifying market sentiment and potential reversals.

01:18:22

The speaker elaborates on how the trend dots and trend monitor indicators signal trend changes. Trend dots shift position and color during congestion and reversals near price action, while the trend monitor changes more gradually, reflecting a cautious interpretation of trend shifts. This dual indicator system helps traders discern short-term price fluctuations from more sustained trend changes.

01:18:52

Trend indicators and multiple timeframes

01:18:52

The speaker explains how color changes in trend dots signal shifts in price action, transitioning through various shades of red and blue to indicate momentum changes. These color changes often correspond with strong price levels identified by support and resistance indicators, visible across multiple time frames including 30-second and one-minute charts. The use of Renko charts, which are not based on time frames, is highlighted as a powerful tool in analyzing price pivots. Small pivot formations can signal potential intraday sentiment changes from bullish to bearish, providing valuable insight but not definitive trade signals.

01:20:28

Trading soft commodities example

01:20:28

The segment introduces trading soft commodities like soybean, corn, and wheat, focusing on soybean as an example. It highlights a strong early move in the soybean market with low volume areas and a significant volume point control. The discussion emphasizes the importance of volume spikes and volatility triggers as key indicators in trading decisions.

01:21:36

This part explains the power of the volatility indicator, especially on a five-minute chart, where it signals when price action moves outside the average true range (ATR). The ATR represents expected price movement over time, and volatility compresses this movement into fewer candles. The market makers drive this compression, creating rapid price changes that can mislead traders.

01:22:41

The segment discusses the emotional impact of volatility, particularly the fear of missing out (FOMO) that tempts traders to enter late during rapid price moves. It warns that these late entries often result in losses because the volatility trigger indicates a likely reversal or painful congestion. Traders are advised to close out positions or avoid jumping in at this point.

01:23:46

The final segment warns about congestion and reversals following volatility spikes, which are common and difficult to trade through. It notes that while soft commodities don’t always move in tandem, they often display similar patterns due to geographic and market factors. The discussion briefly shifts to oil prices nearing $85 a barrel, highlighting emerging weakness and ongoing analysis.

01:24:45

Gold price action and key levels

01:24:45

The speaker discusses the oil market, noting strong volume and some support despite emerging weakness, maintaining a bullish outlook with expectations for oil prices to rise to around $90 per barrel in the longer term. The focus then shifts to gold, acknowledging the passionate community around it and the speaker’s personal appreciation for gold as a precious metal, but emphasizing a neutral trading perspective. The speaker notes that gold markets, like others such as Tesla and cryptocurrencies, can be fanatical and volatile, and while gold is currently bullish, it will not always trend upward.

01:25:43

Attention turns to gold’s daily chart and key price levels. The speaker highlights two critical levels, particularly 1840, which if surpassed, could push gold prices to 1900 or higher. However, gold is currently struggling around this region. The discussion includes indicators such as the volume point of control and price agreements, underlining the importance of these levels for future price movement. The speaker references detailed analysis done by Anna on these critical levels.

01:26:38

The analysis deepens with a focus on resistance levels shown by the accumulation/distribution indicator, which is capping gold’s price advances and acting as a strong barrier. Breaking and holding above this level, along with overcoming significant volume resistance between 1800 and 1830, is essential for bullish continuation. The speaker stresses the importance of supportive price action and volume on the daily chart to confirm strength. The methodology applied is consistent across different time frames and chart types, emphasizing volume price analysis (VPA) as crucial for understanding support, resistance, and price flow.

01:28:12

Trading strategy and risk management

01:28:12

The speaker explains the significance of the volume point of control (VPOC) in trading, emphasizing how it indicates congestion rather than rapid price movement. They discuss the importance of trading within the candle spread and highlight that successful trading relies on confidence and the ability to interpret volume, support, resistance, and indicators to anticipate market behavior. The speaker also acknowledges that losses are inevitable in trading and must be accepted as part of the process.

01:29:08

The focus shifts to managing trades by maintaining positions to maximize profits. Using an example of a price waterfall, the speaker advises exiting when a pause or halt is anticipated to secure gains. They stress that trading success depends on having a few large winning trades that outweigh multiple small losses, illustrating this with a hypothetical 10-trade scenario where three big wins cover seven small losses, enabling overall account growth.

01:30:06

The speaker clarifies that trading is not about a 50/50 chance but about managing risk and reward ratios, often aiming for more losses than wins as long as the wins are significantly larger. They emphasize the importance of holding onto winning trades and introduce the trend monitor tool, which uses multiple time frames and indicators for better decision-making. They mention the accumulation distribution (ACD) indicator, available on platforms like TradeStation, NinjaTrader, and TradingView, though not on MT4 due to technical limitations.

01:31:08

Platforms, scanning and indicator tools

01:31:08

The segment introduces Quantum Trading’s platforms and indicators, highlighting recent developments on TradingView such as the radar panel and a Bitcoin cryptocurrency strength indicator. The focus is shifting heavily towards NinjaTrader, particularly the development of a market analyzer that will allow users to apply indicators within it. It also discusses the relative simplicity of trading forex with its limited number of major currency pairs.

01:32:09

This part explains the challenges of sorting and scanning stocks compared to forex, using TradeStation as an example. A quick scan based on simple criteria like RSI greater than 50 is demonstrated, showing how efficiently large volumes of stocks (over eleven thousand) can be filtered to identify potential candidates for trading or investment.

01:33:09

The discussion continues with the use of symbol linking in NinjaTrader to manage large lists of stocks filtered by criteria such as RSI values. It emphasizes that multiple filters can be applied to narrow down the list effectively. The segment also reiterates the ongoing development of a powerful market analyzer for NinjaTrader that integrates new indicators and improves stock filtering and analysis.

01:34:06

Here, the focus is on the enhancements being made to NinjaTrader’s market analyzer for better stock sorting and filtering using indicators. It also outlines the company’s customer-friendly upgrade policy, where purchasing an indicator entitles users to credits when upgrading to packages or platforms. The company prides itself on not charging for platform transfers, contrasting this with competitors who may impose fees.

01:35:02

The segment explains that upgrades involving more expensive packages only require payment of the price difference, with no extra fees for platform transfers. Support is available 24/7, including holidays, and all upgrades to platforms or indicators are included in the initial purchase price. Flexible payment options like installment plans are also offered without additional charges.

01:35:59

It concludes by mentioning the company’s strong involvement with NinjaTrader and plans to launch an options trading program linked to their forex education platform. Additionally, they offer a funded trading program that allows students to trade company capital without personal risk. The segment notes the growing number of stock traders joining the complete trading education program.

01:36:29

Forex and stock trading integration

01:36:29

The speaker explains the central role of forex trading in the financial markets, highlighting that forex acts as the hub through which assets move between risk and safe-haven investments. This importance is increasingly recognized by stock traders, many of whom are completing a trading program that emphasizes relational analysis. The speaker also references annacooling.com as a resource for books and market analysis, including a recent update on copper prices indicating a breached support level and a sell signal.

01:37:26

The session concludes with thanks to participants and a reminder of the upcoming forex trading session scheduled for early the next morning. The speaker encourages attendees to enjoy their trading week and mentions ongoing efforts to support popular trading platforms like Think or Swim and MultiCharts, which share a common coding platform with TradeStation. These developments are actively being explored to enhance user experience.

01:38:35

The speaker signs off by wishing everyone a good day and week ahead, advising them to stay safe and expressing hope to see them again soon.

By Anna Coulling – creator of volume price analysis