Why daily time-frames are important

Why daily time-frames are important

Why daily time-frames are important Whether you are a scalping intraday trader or longer term swing or trend trader, the daily charts reveal so much. https://youtu.be/2_LTibx8Vd4 00:14 Daily chart analysis and volume point 00:14 The speaker introduces a daily chart from their website annacooling.com, highlighting that the stock indices are trading above their volume point, which is described as a fulcrum level important for market analysis. 00:40 Similar chart patterns in indices 00:40 The speaker discusses the market patterns for the NQ, SP, and YM indices, noting their similarities, especially on the daily chart. They emphasize the importance of reviewing the daily chart even when day trading, rather than focusing solely on the previous day's activity. 01:08 Anomalies in price and volume 01:08 The speaker analyzes recent market activity, noting a few good trading days interrupted by an unusual selling day that did not reverse the overall trend. They discuss anomalies in the market, specifically discrepancies between price and volume, highlighting that such anomalies can appear in different forms and there isn't a single...
Read More
Related markets and what they reveal in terms of risk

Related markets and what they reveal in terms of risk

Related markets and what they reveal in terms of risk All the financial markets are connected by one thing - risk. Learn how we apply this in terms of a proxy risk currency pair. https://youtu.be/RxpfxtZOj70 00:10 Japanese yen as risk indicator 00:10 The speaker discusses the significance of the Japanese yen in financial markets, noting its dual role in reflecting both risk-on and risk-off sentiments. They highlight how movements in the yen can sometimes predict changes in stock indices. An example from their proprietary forex platform, featuring specialist indicators developed for the forex market, is mentioned to illustrate this point. 00:46 Yen pairs moving lower signals indices drop 00:46 The discussion focuses on the behavior of EM pairs, specifically those involving the yen as the counterparty currency, on hourly and 20-minute charts. These pairs tend to move consistently in one direction, making trend movements easy to identify. Currently, the pairs are moving lower, which is a negative signal for indices and equities, suggesting potential continued declines due to increased selling...
Read More
Using the currency strength indicator to reveal sentiment on MT5 indices

Using the currency strength indicator to reveal sentiment on MT5 indices

Using the currency strength indicator to reveal sentiment on MT5 indices You don't have to have a futures account to trade US indices - they are all available on MT5 which is a multi asset platform. And in this part of the US futures trading session Anna explains how to use the currency strength indicator in combination with the index to reveal market sentiment using the proxy currency pair. https://youtu.be/_tqY0GWYNtk 00:11 Introduction to Ninja Trader platform and market access issues 00:11 The speaker discusses an issue accessing their trading platform with Ninja Trader, explaining that the GGW wouldn't allow access. They mention efforts to set up different platforms, including Ninja Trader and TradeStation, within a short time. However, they clarify that trading these particular markets through Forex brokers on MT4 and MT5 platforms is not possible. 00:48 Synthetic market versions and US 100 Nasdaq equivalence 00:48 The platform offers a synthetic version of either the cash market or the futures market, specifically the U.S. 100, which corresponds to the Nasdaq....
Read More
Camarilla indicator for forex

Camarilla indicator for forex

Camarilla indicator for forex The R4 & S4 are key levels on the Camarilla indicator. This section of the London forex webinar explains why in relation to the EUR/aud pair. https://www.youtube.com/watch?v=58aiMiJrZyE 00:10 Introduction to CSI and session rotations 00:10 The speaker revisits the Euro/US Dollar pair, discussing a pattern where a strong move in one trading session is often followed by a period of inactivity or reversal in the next session. They mention checking the NinjaTrader version of the CSI tool for further analysis. 00:42 Challenges with MT4/5 timestamps 00:42 The speaker discusses challenges with reading timestamps on MT4 and MT5 trading platforms. They highlight the difficulty in dealing with broker-specific or MetaQuotes timestamps, which often require manual time adjustments. In contrast, NinjaTrader provides real-time timestamps, making it easier to use. The speaker emphasizes the importance of this feature and introduces the topic related to the release of a new version or update. 01:16 Chinese CPI news impact on Aussie and Euro 01:16 The speaker discusses market reactions around the time of the Chinese...
Read More
Using Camarilla to identify key levels in multiple time frames

Using Camarilla to identify key levels in multiple time frames

Using Camarilla to identify key levels in multiple time frames https://www.youtube.com/watch?v=rI-QBXpnEpg Support and resistance become even more important in multiple time frames, particularly when a trader's focus chart approaches a significant point on a higher or slower time frame. In this video, we explain how to identify such levels using the Camarilla indicator for MT5. 00:00 Introduction to Forex webinar and market overview 00:00 The webinar begins with a welcome and an overview of the forex market and related markets, emphasizing the importance of considering both technical charts and fundamental factors, especially during the ongoing health crisis. The presenter highlights how risk and market sentiment are influenced by current events. A disclaimer about the risks of trading is given, cautioning viewers to only trade with money they can afford to lose. The hosts introduce their approach, which involves analyzing the market using volume analysis combined with price action to gain deeper insights. 01:36 Oil market crash and its impact on currencies 01:36 The discussion begins by emphasizing the importance of...
Read More
Price & Volume support & resistance on the gbp/jpy

Price & Volume support & resistance on the gbp/jpy

Price & Volume support & resistance on the gbp/jpy https://www.youtube.com/watch?v=znkprDKZLCE Support and resistance are essential tenets of volume price analysis. In this video, David explains how we can identify these key levels by using both price and volume, using the gbp/jpy as an example. The pair sold off sharply this morning as market sentiment soured, and the British pound followed suit. 00:16 Introduction to price and volume resistance 00:16 The speaker begins by addressing technical issues with the microphone and participants' audio. They then recap their starting point with the 'pan' to emphasize the importance of supporting resistance from both price and volume perspectives, and mention moving on to discuss multiple CSIs to further illustrate these points. 00:52 Currency movements across multiple timeframes 00:52 The speaker discusses currency movements across various time horizons, including three, five, ten, and fifteen-minute intervals. Currently, there is notable buying activity in the British pound and the Japanese yen across these shorter time frames. Specifically, the pound shows consistent buying, as indicated by the yellow line,...
Read More
Gaps can be traps

Gaps can be traps

Gaps can be traps https://www.youtube.com/watch?v=QlqsqFTvNKk Beware gaps because they can be filled. They are there for one reason and that is to trap traders and investors into weak positions. An extract from this morning's London forex webinar explains this with an example from the YM (e-mini) contract for the Dow Jones. 00:10 Overview of market sentiment and yen buying 00:10 The speaker begins by sharing their screen and intends to highlight key points about sentiment analysis across different timeframes—five, ten, and fifteen minutes. They use the yen currency pair as an example because it is the counter currency, making it visually easier to understand the sentiment trends across various time horizons. The speaker emphasizes that the sentiment data provides a clear and simple view of market conditions. 00:39 VIX climbing and UK, US indices falling 00:39 The segment discusses current market movements, focusing on the yen being actively bought. The VIX index is climbing moderately, indicating increasing market volatility. Meanwhile, the UK Footsie 100 index is declining, as are US...
Read More
Cad/jpy reaction as oil price craters

Cad/jpy reaction as oil price craters

CAD/JPY reaction as oil price craters https://www.youtube.com/watch?v=ckjMHkFGKwA&t=875s An important module in our Forex Program is understanding cross-market relationships and one of the most important is the one between oil and the petro currencies of which the Canadian dollar is one. In this morning's webinar, we considered the price action on the cad/jpy which was driven lower not only by the crash in oil but also a souring of market sentiment as money flowed into the Japanese yen. In such strong market moves identifying important support and resistance levels is key, not only for establishing possible pause points and reversals, but also for potential points to join the prevailing trend.  This is where the Camarilla indicator can help as we can see in the video. The version used is for the MT5 platform. 00:10 Overview of CAD/JPY and multi timeframe analysis 00:10 The speaker discusses analyzing the CAD/JPY currency pair using multiple timeframes, including slower ones, to better understand market movements and support/resistance levels. They emphasize the importance...
Read More
Camarilla indicator delivers on aud/usd

Camarilla indicator delivers on aud/usd

Camarilla indicator delivers on AUD/USD https://www.youtube.com/watch?v=AMEOEowzUOI Support & resistance are an integral part of volume price analysis and as part of the Forex Program we have developed a number of tools to help us identify those key levels on a chart. The Camarilla indicator is one. Here we can see how it signalled the top in a move on the aud/usd. 00:14 Renko chart settings on NinjaTrader 8 00:14 The speaker discusses analyzing the Australian dollar using Renko charts on NinjaTrader 8, noting that the Renko settings differ from those in NinjaTrader 5. They mention the ability to add more indicators to Renko charts in NinjaTrader 8 and describe the price action as in congestion, having just moved above a key level. 00:54 Price levels and Camarillo indicator 00:54 The speaker discusses the R4 level currently at 4.3 pips, compared to a previous level at 2.7 pips which had a longer congestion phase. They mention the target was the R5 level. The Camarillo indicator used has six levels, unlike most...
Read More