Tag: day trading forex

Using non-time-based charts to see inside the price action https://youtu.be/OsdlTIdSVy0 00:14 Volatility and volume pickup 00:14 The speaker apologizes for a delay and focuses on analyzing the current market situation. They note the presence of volatility and a volatility trigger, indicating potential congestion with either a reversal or continuation within the range of a specific candle. Additionally, a volume increase is observed shortly after 8:01. 00:45 Staying with the trend and managing emotion 00:45 The speaker emphasizes the importance of staying with the trend in trading and managing emotions after securing a profitable position. They highlight the challenge of maximizing potential gains while being cautious during crossover periods, specifically referencing the European market opening and the London session starting. 01:16 Trend dots and trend monitor indicators 01:16 The segment explains the interaction between two trading indicators: trend dots and the trend monitor. Trend dots change color first, signaling phases where a trend is slowing down, transitioning into congestion (gray), or potentially reversing. In contrast, the trend monitor provides a more considered, longer-term view...

Discover what forex trading approach suits you best https://youtu.be/ZMz3llNBkeY 00:11 Deciding your tactical market approach 00:11 The speaker apologizes for moving the chat box and discusses the importance of determining a tactical approach to the market. They emphasize the need to choose strategies based on both market conditions and individual personality or trading strengths, using the CSI as a reference point. 00:58 Importance of trading psychology 00:58 The video emphasizes starting with the psychology module in the program to understand personal traits such as patience and risk tolerance. It explains the importance of knowing whether you prefer taking on more risk for potentially higher rewards or adopting a more cautious approach with lower risk and reward. This understanding influences the timing and strategy of your tactical approach. 01:30 Trading re-entry on trends 01:30 This segment explains the concept of trading by entering an already established trend. It emphasizes the strategy of looking for reentry points, likening it to hopping onto a moving train that has already left the station, rather than trying to...

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...