Discover how to pick the best currency pair to trade
All trading opportunities are not equal and in this video from the London forex trading session we explain why, and more importantly how to identify those which are strong and those which are weak, and so pick the one which has the greatest momentum in the trend.
https://youtu.be/6L1nBBTYkTs
00:10
Introduction and multiple time frame analysis
00:10
The speaker welcomes the audience and comments on the chilly weather compared to last week. They confirm audio clarity and mention working on the Pound New Zealand Xanax set using multiple time frames. The discussion highlights the importance of analyzing currency strength multiples and applying a multi-time frame approach to both charts and indicators. Key elements include support and resistance levels, candlestick patterns, volume price analysis (VPA), and combining these tools for a comprehensive trading strategy.
01:17
Pound New Zealand overbought and reversal signs
01:17
The speaker discusses the British pound and New Zealand dollar, highlighting that the pound is very strongly overbought across...
How to create and use a currency matrix for the major currency pairs
In this video we explain how to create your own currency matrix for tracking the currency majors in all timeframes. Using this approach you will be able to quickly assess the strength or weakness in the US dollar and whether this is universal across the complex. In addition this also offers a multichart view of volume price analysis across the pairs and helps to confirm your trading decisions. This approach can also be applied to any other of the currency pairs in the same way, so you may wish to create a Japanese yen complex, a euro complex etc.
https://youtu.be/ZQinGMaiLbw
00:11
Introduction and market overview
00:11
The speaker apologizes for a brief pause caused by technical difficulties with screen sharing and chat visibility. They then begin by discussing the current state of market indices, noting that the activity has been rather lackluster with predominantly sideways price movement.
00:41
Currency majors matrix explained
00:41
The speaker introduces a...
Discover the importance of the crossover on the currency strength indicator
In this portion of the live webianr I explain how to enable the alert for crossovers on the currency strength indicator and what this means in terms of the chart.
https://youtu.be/Otx8IoOx_Uc
00:12
Focus on British Pound trading pairs
00:12
The speaker discusses their focus on trading the British Pound currency pairs this month, highlighting its significance due to upcoming events involving Brexit. They mention trading pairs like Cable (GBP/USD) and various cross pairs such as Pound/Yen and Pound/Aussie (Pound/Ozzy). The Pound/Yen pair is described as tricky and influenced by algorithmic trading, often referred to as 'the dragon.' The speaker also notes that their Forex trading approach uses volume price analysis, consistent with their established methodology.
01:24
Forex market uniqueness and sessions
01:24
The discussion explains the approach to forex trading, emphasizing the use of support and resistance levels and candlestick patterns. Forex is unique among capital markets because it involves trading currency pairs, such as the British pound against...
