If you’re struggling to understand the different types of trends, then struggle no more – all explained here

If you’re struggling to understand the different types of trends, then struggle no more – all explained here

If you're struggling to understand the different types of trends, then struggle no more - all explained here Forex traders, and indeed traders in general, talk about trends and group a price move as higher or lower. But in fact, as with all price action, trends move in very different ways and it pays to understand what type of trend you are considering joining. In this video from the forex webclass, we explain all you need to know, which will help you in your forex trading. https://youtu.be/f-hdUOtp1F8 00:00 Webinar introduction and trading disclaimer 00:00 The webinar begins with a warm welcome from Anna Cooling and her husband David. Anna expresses her excitement about starting the session and reminds viewers of the important disclaimer regarding the risks involved in trading, advising not to use money that one cannot afford to lose. 00:31 Overview of volume price analysis in forex 00:31 The segment introduces the focus on the forex market and chart analysis using volume price analysis, a methodology explained in books...
Read More
Congestion phases – the most important price action on the chart

Congestion phases – the most important price action on the chart

Congestion phases - the most important price action on the chart Congestion phases are the most important part of any price chart since this is where trends are born, and to succeed all we have to do is be patient and wait for them to break away. This is where volume steps in to confirm the trend away. https://youtu.be/J8UM_9HCQvA 00:02 COT data for Euro on UK Investing.com 00:02 The speaker has located the URL for the Commitment of Traders (COT) data on the UK version of investing.com, specifically for the euro. They explain how to access the euro speculative positions data on the site, noting that the speculative positions have risen to 180.6, which is a notably high level historically. 00:46 Bundesbank court case and Euro politics 00:46 The speaker reflects on a significant peak that has been reached, noting it as the highest so far. They provide an update on the Bundesbank situation, mentioning that all issues have been resolved quietly without much public fuss. The discussion highlights the...
Read More
AUD and GBP in focus at the start of the London forex session

AUD and GBP in focus at the start of the London forex session

AUD and GBP in focus at the start of the London forex session As we begin another week, here it’s the Aussie and the British pound in focus as I take a look at their slower timeframe charts for these two currency pairs. https://youtu.be/yLrJ8SNNNiE 00:03 Introduction and Trading Disclaimer 00:03 The webinar begins with a welcome message and a reminder about the risks involved in trading. Participants are advised not to use money they cannot afford to lose. The session will focus on analyzing trading charts. 00:33 Volume Price Analysis Overview 00:33 The session introduces volume price analysis, a methodology that examines price action alongside trading volume to validate chart movements. The presenter notes the attendance of various participants, including forex students, quantum users, and newcomers, indicating a diverse audience interested in understanding this analytical approach. 01:05 Combining Technical, Fundamental, Political Factors 01:05 The speaker discusses analyzing books available on Amazon and emphasizes the importance of considering not only the technical aspects of charts but also fundamental news, related markets, and the political situation....
Read More
Using time and non time based renko charts on MT5 to trade the GBP/USD currency pair

Using time and non time based renko charts on MT5 to trade the GBP/USD currency pair

Using time and non time based renko charts on MT5 to trade the GBP/USD currency pair In the third part of this morning’s webclass I take a look at the GBP/USD pair and explain how to trade it using time based charts and volume price analysis and non time based charts in the form of the renko for MT5. https://youtu.be/GKOs1qwvApE 00:23 Cable profile and pound move overview 00:23 The speaker apologizes for technical issues with a stuck window on their monitor and proceeds to discuss the profile for the British pound (Cable). They reference a notable recent move in the pound against the New Zealand dollar and focus on the 10-minute chart for Cable, having isolated it from other currencies. They note that the pound is still moving higher during this period. 00:59 Dollar selling off vs pound new zealand 00:59 The discussion focuses on currency movements, noting that while the dollar is selling off, this trend hasn't fully mirrored what has been observed in the New Zealand dollar. On...
Read More
What the currency strength indicator reveals in multiple timeframes

What the currency strength indicator reveals in multiple timeframes

What the currency strength indicator reveals in multiple timeframes In the second part of this morning’s webclass David explains how to use the currency strength indicator in multiple timeframes and what it reveals to help you understand the price cycle of mean reversion. https://youtu.be/qBiOZRhoe-s 00:13 Introduction to multi-time frame analysis 00:13 The speaker greets the audience and confirms their microphone is working. They prepare the workspace and reference a previous discussion by Anna about the 60-minute chart for the Australian dollar, indicating they will begin by reviewing that chart. 00:55 Aussie dollar resistance and volume points 00:55 The speaker analyzes the Aussie dollar on a five-minute chart, noting it was trading near the volume point of control with strong resistance just above 71.50. They emphasize the importance of using multiple time frames in trading, as it provides varied perspectives on volume and price analysis, which is crucial for informed decision-making. 01:31 Volume indicators and accumulation distribution 01:31 The segment explains various trading indicators used to analyze market sentiment and volume. It highlights the trend...
Read More
How to select the best currency pair with the strongest trend

How to select the best currency pair with the strongest trend

How to select the best currency pair with the strongest trend How to select the best currency pair with the strongest trend using the currency majors matrix. Here we focus on the USD and see which pairs are trending and which are not, but more importantly why using the currency strength indicator. https://youtu.be/Aw7JkbduSBE 00:16 Introduction to currency strength matrix 00:16 The speaker begins by ensuring their microphone is on and introduces the topic centered around the 'dollar workspace' or 'dollar matrix.' They mention focusing on six out of seven currencies, including the dollar and yen, and emphasize the importance of understanding which currencies and currency pairs are actively moving and which are not. 00:44 Dollar and Swiss franc price movements 00:44 The discussion focuses on analyzing the CSI to understand market movements, specifically why the dollar and Swiss franc are moving the way they are. The speaker describes a clear price waterfall effect with falling prices, widening spreads, and rising volume, highlighting the textbook nature of this market behavior. The...
Read More
The cross currency pairs can really deliver for forex traders

The cross currency pairs can really deliver for forex traders

The cross-currency pairs can really deliver for forex traders As forex traders, we tend to focus on the currency majors, but if you open your eyes and move to some of the cross-currency pairs, you will be surprised at the strong trends they can deliver. In this video I highlight one example using the EUR/CAD. https://youtu.be/dQJWjAdUh7I 00:13 Switching from Ninja to MT5 platform 00:13 The speaker switches from using Ninja to MT5 trading platform, noting that MT5 offers more time frames and greater flexibility compared to MT4. They highlight that MT5's variety of minute charts aligns well with their ongoing discussions about oil in forex trading. 00:46 Importance of relational market analysis 00:46 The program includes a module on relational analysis, which involves examining markets outside the one being traded. For example, forex traders need to understand the bond, commodity, and equity markets. Similarly, index futures and stock traders should consider external market influences to enhance their trading strategies. 01:22 Understanding market sentiment via currencies 01:22 The speaker emphasizes the importance of understanding immediate...
Read More
More lessons in volume price analysis in the spot forex markets

More lessons in volume price analysis in the spot forex markets

More lessons in volume price analysis in the spot forex markets The EUR/USD delivers some more lessons in volume price analysis during the London forex trading session. The volume price analysis methodology is based on Wyckoff's three laws of effort and result, cause and effect and of course supply and demand. https://youtu.be/WVMP8MQruc0 00:13 Introduction to Eurodollar VPA lessons 00:13 The speaker revisits the MT5 platform, focusing on the Eurodollar to highlight key Volume Price Analysis (VPA) lessons. They mention how the volume point of control, indicated by a yellow line, was initially low on the three-minute chart and marked the start of a strong upward move. The speaker also discusses the timing on MT5, noting a two-hour adjustment needed for their version to align the timestamps correctly. Although the move coincided roughly with the European market opening, it was primarily a successful example of a breakaway trade, with some confusion about chart timeframes resolved by switching back to the three-minute chart. 01:24 Volume Point of Control dynamics explained 01:24 The...
Read More
Using the renko indicator on MT4 or MT5 to find trades in forex

Using the renko indicator on MT4 or MT5 to find trades in forex

Using the renko indicator on MT4 or MT5 to find trades in forex In this video we explain how to use the renko indicator on MT4 or MT5 to find trades as a scalping trader in forex. The renko chart is a perfect way to trade as it reveals the momentum in the market, something you never see on a time based chart. The reason for this is that a renko chart is not based on time, but on the size of the brick. This is what governs the open and close of the brick and once this metric has been met, the renko brick is closed and moves on to build the next. https://youtu.be/f_A9AyyJ7fs 00:14 Analyzing slower vs faster time frames 00:14 The speaker discusses analyzing slower time frames for trading decisions, contrasting this with their current focus on faster time frames. They mention using MT5 instead of MT4 for charting and highlight a significant downward move in the US Dollar to Canadian Dollar currency...
Read More
Using related currency pairs to help in your forex trading

Using related currency pairs to help in your forex trading

Using related currency pairs to help in your forex trading In this section from the London forex trading web class we explain how to use related currency pairs to help you in your forex trading. In this example, we use the example of the currency majors matrix to explain the principles, but this could be for any other currency. https://youtu.be/4J7L28BvnBg 00:12 Introduction to Majors Matrix and currency pairs 00:12 The speaker apologizes for technical issues due to logging in as an attendee without screen control. They quickly move to discuss the 'majors matrix,' referring to major currency pairs including the Australian dollar, euro dollar, Canadian dollar, and New Zealand dollar. 00:40 Visual perspective on currency strength and selling trends 00:40 The speaker explains a visual tool resembling a currency matrix that shows the strength of the US dollar against major currencies. It highlights current market activity, noting strong selling pressure on the British pound and significant buying in the Australian dollar, which is also reflected in the British pound-US dollar...
Read More