Following the release of Chinese data market sentiment is mixed!

Following the release of Chinese data market sentiment is mixed!

Following the release of Chinese data market sentiment is mixed! As always with Chinese data we need to take any figures with a 'pinch of salt' and on this occasion markets have mixed views as we see some divergence in risk sentiment across the asset classes. https://youtu.be/ABAGHm4-Yi0 00:11 Chinese manufacturing PMI overview 00:11 The speaker apologizes for computer problems and briefly introduces Chinese economic data, focusing on the manufacturing and non-manufacturing PMI figures. They explain that a PMI above 50 is positive, indicating expansion in the sector. 00:52 China's economic recovery signals 00:52 The speaker discusses the economy's progress despite challenges posed by the virus. There has been a noticeable rebound in China, and overall economic indicators are steady, suggesting a potential recovery in the global economy. The Australian market, as represented by the CSI and the Aussie, had been rising, reflecting optimism in the indices. 01:32 US indices and market sentiment 01:32 The Nasdaq has been performing strongly and leading the market. The speaker highlights the importance of analyzing related markets, specifically US...
Read More
Learn how to scalp index futures in congested markets

Learn how to scalp index futures in congested markets

Learn how to scalp index futures in congested markets When markets are in congestion, you have two options. Trade or sit on the sidelines and wait for a trend to develop. But if you are going to trade, you have to move to the faster timeframes and scalp, and in this vidoe we show you how. https://youtu.be/PLDnyuw1noA 00:16 Introduction and market overview 00:16 The speaker addresses technical issues with audio and explains differences in trading conditions between today and yesterday. Yesterday was characterized as a 'big money day,' marked by a perfect alignment of market factors that created clear momentum and direction, primarily bearish. The session saw a late recovery but was overall straightforward in terms of market sentiment and trading strategy. 01:20 YM daily chart and volatility range 01:20 The speaker discusses recent market movements across various asset classes, noting that most risk markets moved in the same direction. They highlight a significant down day for the YM (Dow futures) on the daily chart, although not as large as...
Read More
Trading gold futures and a breakout trade

Trading gold futures and a breakout trade

Trading gold futures and a breakout trade In this session from the online webclass, we take a look at gold which is now testing the $1800 per ounce level then move to the fast timeframes to consider a breakout trade. https://youtu.be/qjWykb-P0IU 00:16 Trading gold on two-minute chart 00:16 The speaker discusses analyzing the Gold two-minute chart to identify breakaway opportunities in congested markets. They emphasize the importance of spotting these moments to successfully trade in such market conditions. 00:55 Challenges of trading congestion 00:55 The speaker discusses the challenges and strategies involved in trading fast timeframes, particularly during periods of market congestion. Many traders are uncomfortable with such fast-paced conditions, but it is possible to trade effectively by being quick and agile, employing a grab-and-tag approach—entering and exiting positions rapidly. Success in this style depends on the trader's preference and ability to act swiftly. 01:25 Gold daily chart technical levels 01:25 The speaker discusses the current bullish outlook on gold, emphasizing a strong technical level around 1740 an ounce that was recently breached. The...
Read More
Trading from congestion phases and the stop loss

Trading from congestion phases and the stop loss

Trading from congestion phases and the stop loss In this session from the online webclass David explains why congestion phases offer excellent trading opportunities and also provide clear levels for any stop loss positioning and management. https://youtu.be/1y-ViuqFmPM 00:12 Currency indices and market congestion overview 00:12 The discussion begins with an overview of the current market conditions, highlighting significant congestion in various currency indices. The yen is gently declining with no strong momentum, while the dollar shows erratic movement without a clear trend. The euro and pound also exhibit congestion. The overall sentiment suggests some emerging risk appetite, but the market remains generally indecisive. The focus is on the congested state of currency futures and indices, indicating a lack of clear directional movement. 01:08 Currency futures and dollar perspective explained 01:08 The speaker explains the focus on the US dollar as the base for currency futures, highlighting several currency pairs including the Australian dollar (6A), the British pound (cable), the Canadian dollar (CAD), and the euro (6O). These pairs are shown...
Read More
How to use the renko optimizer indicator for NinjaTrader to day trade emini futures

How to use the renko optimizer indicator for NinjaTrader to day trade emini futures

How to use the renko optimizer indicator for NinjaTrader to day trade emini futures Trading index futures using non time based charts is a great approach as it smoothes out the price action, but here we blend this approach using multiple charts and with time charts also. https://youtu.be/HhY-z-Js5X0 00:12 Introduction to Renko workspace 00:12 The speaker has switched to the Renko workspace, which combines non-time-based and time-based charts. This methodology blends different chart types, focusing on analyzing market data beyond traditional time constraints. The speaker also adjusts the interface by moving the chat box out of the way to better view the charts. 00:47 Setting 15-second time frames for indices 00:47 The speaker discusses monitoring three indices—YM, NQ, and ES—all set to a 15-second interval, which is a fast timeframe. They demonstrate aligning the Renko chart's timeframe to 15 seconds to match the time-based charts for consistency. This alignment helps identify the optimal Renko brick size for trading the YM index on a 15-second chart. 01:21 Renko optimizer and brick size explained 01:21 The...
Read More
Where to start trading Emini’s? How about the micro futures?

Where to start trading Emini’s? How about the micro futures?

Where to start trading Emini's? How about the micro futures? If you're new to index trading, the Emini micro futures contracts from the CME are a great place to start. https://youtu.be/uTHIgtFrx0g 00:11 Introduction to micro contracts for indices 00:11 The speaker introduces the use of tick charts for trading futures, specifically focusing on a micro contract for indices called the MES. This contract is one-tenth the size of standard contracts like the ES, YM, or NQ, making it a smaller and lower-risk option. The MES operates on the same principles as larger contracts but features lower tick activity, providing a more accessible entry point for traders. It was launched by the CME last year and is available across various contracts. 01:25 Liquidity and popularity of micro contracts 01:25 The speaker discusses the popularity and liquidity of micro contracts in currency futures trading. Unlike typical micro contracts that tend to be illiquid with uneven price action, these micro contracts show smooth price movements similar to full-sized contracts. They are recommended for...
Read More
Wyckoff’s laws from trend to congestion and back again

Wyckoff’s laws from trend to congestion and back again

Wyckoff's laws from trend to congestion and back again Whatever timeframe you are trading, Wyckoff's laws apply, and in this video, I explain how the three rules cycle from congestion to trend and back again. https://youtu.be/9cXJ892ZHv4 00:00 Introduction and webinar disclaimer 00:00 The presenter welcomes everyone to the webinar, noting that the recording has just started. They remind viewers about the trading disclaimer, emphasizing the risks involved and advising not to trade with money that cannot be afforded to lose. The session will focus on analyzing charts. 00:31 Overview of volume price analysis (VPA) 00:31 The speaker introduces the topic of volume price analysis, explaining that the session will review various charts using this methodology. They mention a book available on Amazon that thoroughly explains the approach, focusing on understanding the relationship between price and volume to interpret current market conditions and predict future price movements. 01:02 Companion book and proprietary indicators 01:02 The speaker introduces a companion book that illustrates their methodology through 200 worked annotated examples covering various time frames, mainly focused...
Read More
The most important index of all on TradingView

The most important index of all on TradingView

The most important index of all on TradingView For intraday traders, the VIX is the most important indicator of all as it reveals sentiment through the prism of options, puts and calls. https://youtu.be/VWzE_xdPlHQ 00:17 Introduction to VIX and daily chart analysis 00:17 The speaker demonstrates how to pull over and display the VIX indicator on a chart. They attempt to switch between different screen views and chart arrays, apologizing for some mistakes along the way. The focus shifts to examining the daily chart of the VIX to better understand its current position. 00:55 VIX declining slower than equities rising 00:55 The discussion focuses on the behavior of the VIX index, highlighting a disconnect between the VIX and equity markets. While equities surged higher, the VIX was declining from recent highs but not as quickly as expected. Normally, when equities rise steadily, the VIX remains low, around 10 to 12, reflecting a natural resting state indicating increasing risk appetite and market complacency. The segment explains this dynamic and the unusual pattern...
Read More
Learn how to trade oil using multiple time-frames

Learn how to trade oil using multiple time-frames

Learn how to trade oil using multiple time frames. Oil is one of the key commodities for forex traders, and as crude oil slumped in price, this was reflected in the forex markets and the Canadian dollar. https://youtu.be/XH11ebDXcMs 00:15 Introduction and oil market overview 00:15 The speaker welcomes viewers warmly despite the weather and mentions watering the garden. They acknowledge some technical issues from earlier and assure the audience that questions can be asked in the chat. The session will focus on oil, specifically the WTI contract, and the speaker prepares to discuss its relationship to the CAD/yen currency pair, highlighting the influence of risk factors and major market conditions. 01:13 Multiple time frame trend monitoring 01:13 The speaker discusses trading a commodity that is currently crashing, emphasizing that trading principles are consistent regardless of the instrument or timeframe. They explain using multiple timeframes—from 2 minutes up to daily charts—to analyze trends. The trend monitor tool is highlighted as especially valuable for maintaining profitable positions, particularly when used across multiple...
Read More
A powerful combination to trade index futures on NinjaTrader

A powerful combination to trade index futures on NinjaTrader

A powerful combination to trade index futures on NinjaTrader Discover how to trade emini index futures using renko charts and time based charts on NinjaTrader https://youtu.be/Hlhkobf9iYE 00:05 Using Renko with time base charts for momentum 00:05 The speaker discusses their workspace setup, which includes multiple wrinkles and multiple time-based charts, highlighting the powerful combination of using Renko charts alongside traditional time-based charts. They explain that Renko and tick charts provide a sense of momentum that time-based charts alone do not show. The setup involves using multiple time frames simultaneously, such as 15-second, 30-second, and 1-minute charts, with Renko charts aligned to these time frames through a wrinkle optimizer tool. 01:14 Optimal Renko brick size adjustment explained 01:14 The video explains how the optimal Renko brick size is determined dynamically for a trading instrument during a session. Since market speed fluctuates throughout the session, fixed settings like a 150-tick chart can be misleading. Instead, the indicator adjusts the optimal brick size in real time to reflect these changes, allowing for more...
Read More