Two great trades on the GBP/USD using volume price analysis

Two great trades on the GBP/USD using volume price analysis

Two great trades on the GBP/USD using volume price analysis At the start of the London forex trading session, the market was buying the US dollar across the complex, a fact confirmed by considering this in both the spot and futures markets along with the currency array indicator for NinjaTrader. The GBP/USD was one in particular with an excellent move lower, before reversing with a terrific volume signal as the buyers stepped in to reverse the trend with the BOE chairman helping to drive the sentiment. https://youtu.be/NrF8j0XGJjg Introduction and Dollar Index Overview 00:14 The speaker begins by ensuring audio clarity and shifts focus to analyzing the US dollar, emphasizing the significance of the dollar index at a critical point. They reference Wyckoff's laws, highlighting the principle of cause and effect in market congestion, suggesting that prolonged congestion often leads to strong momentum once a trend emerges. The discussion includes the presence of key support and resistance levels, indicating an intriguing juncture for the dollar. Additionally,...
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What’s next for the US dollar ahead of the election?

What’s next for the US dollar ahead of the election?

What's next for the US dollar ahead of the election? As the FED strives to maintain confidence in US markets, all eyes are now focused on the US dollar in the run to the US elections, and with so many factors driving sentiment, each and every one could be a factor. This week alone sees eighteen comments from FED members, and with the pandemic continuing to dominate, the death of US Supreme Court judge Ruth Bader Ginsburg, this too has added a significant twist to the possible outcome. All of this and much more will play out in the US dollar over the next few weeks, and with it languishing in the low 90's on the daily chart, from a technical perspective, it has the potential to regain the 100 handle once more, a level not seen since May. https://youtu.be/yV4ARqhmvt8 00:01 Introduction and trading disclaimer 00:01 The speaker apologizes for the delayed start caused by distractions at home. They briefly mention the focus of the session, which...
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Trading the pound as London forex market opens

Trading the pound as London forex market opens

Trading the pound as London forex market opens In this portion of the webinar from the London forex trading session we focus on trading the pound. https://youtu.be/s8mBkIEETOo 00:00 Introduction and trading disclaimer 00:00 The webinar begins with a warm welcome and a reminder about the risks involved in trading, emphasizing the importance of only using money one can afford to lose. The host mentions a brief break the previous week and notes that this session is part of a new series. The focus will be on analyzing the forex market, with insights shared by the host and David. 01:02 Volume price analysis methodology 01:02 The segment introduces volume price analysis as a technical methodology that combines price action with volume to determine the authenticity of chart patterns, distinguishing genuine moves from potential traps. It emphasizes integrating this technical perspective with fundamental news and related market developments to gain a comprehensive understanding. 01:36 Currency relationships and market sentiment 01:36 The discussion explains the close relationship between certain currency pairs and other market dynamics, using the...
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How to read the chart and trend using volume price analysis

How to read the chart and trend using volume price analysis

How to read the chart and trend using volume price analysis In this video, we explain how to read the chart and trend using volume price analysis and supported of course by the Quantum Trading tools and indicators. https://youtu.be/TSHRLbFQr44 00:11 Renko charts and Cable analysis 00:11 The speaker discusses market behavior focusing on the cable (GBP/USD) and pound-yen currency pairs, highlighting their sideways movement. They explain how to analyze price action using Renko charts, especially during strong trends where a reversal is unlikely but further downside is expected. The example of cable is used to illustrate how to identify potential entry points in such scenarios. Additionally, the CSI indicator's usefulness is emphasized, as it provides real-time insights and trade signals. The discussion also touches on the VIX index, which is referenced by David on his TradingView platform. 01:28 Using investing.com for charts 01:28 If you don't have access to TradingView, investing.com is a recommended free alternative. It offers charts for nearly every financial instrument and includes analysis, sometimes featuring the...
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To trade the euro you need to understand this first

To trade the euro you need to understand this first

To trade the euro you need to understand this first The euro is a political currency and forex traders often wonder why such a currency moves in the way it does, with today being a classic example. An agreement has supposedly been reached about future policy by the member states, yet the euro has fallen and the answer lies in the bond markets and in particular the bond spreads. It is the spread between the German bond and the Italian bond which will ultimately dictate the future of the euro with Italy now likely to be the next country to leave the union. https://youtu.be/Uk2MxuLRCjI 00:00 Introduction and webinar start delay00:00 The speaker apologizes for the slight delay caused by technical issues with GoToWebinar. They welcome everyone warmly, mention the beautiful weather in Hampshire, and express hope that attendees are enjoying good weather as well. The session is about to begin. 00:33 Trading disclaimer and audience overview 00:33 The speaker begins the webinar by emphasizing the importance of the trading...
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Discover the power of the Camarilla Levels indicator for NinjaTrader on the NQ emini

Discover the power of the Camarilla Levels indicator for NinjaTrader on the NQ emini

Discover the power of the Camarilla Levels indicator for NinjaTrader on the NQ emini In this video, I demonstrate the power of the Camarilla levels indicator on NinjaTrader and in particular with regard to the Nasdaq NQ Emini futures contract which continues to lead the other US markets higher, but for how much longer? https://youtu.be/-7HbhFndaM0 00:10 Focus on Camarillo Levels for Trading 00:10 The speaker begins by referencing David's analysis focusing on the 'yank you' levels, explaining that while David doesn't display these levels on his chart, it’s not due to a lack of usage. Instead, the speaker emphasizes a preference for using Camarillo levels, which they have developed for trading and can be applied across various markets. The current struggle of the NQ market is attributed to these specific intraday levels. 00:47 Index Struggles at S4 Level 00:47 The speaker discusses price behavior around the fourth support level (S4) on a 10-minute chart, noting that the price often struggles at this level. It typically tests, breaks through, and then...
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Wow – great trade this morning as London forex session opens

Wow – great trade this morning as London forex session opens

Wow - great trade this morning as London forex session opens A wonderful trade on the GBP/CHF as the London forex session opened and a perfect trend lower with the GBP being sold strongly and the Swiss franc being bought strongly and developing a terrific trend as a result. https://youtu.be/tjKVxrVOtzo 00:11 Introduction and focusing on Pound Swiss 00:11 The speaker begins by apologizing for initially not having their microphone on and expresses hope that everyone can now hear them. They briefly mention Italy, highlighting its fascinating history, beautiful scenery, and excellent food, though noting it is not ideal for business. The focus then shifts to discussing the British pound and Swiss franc for specific reasons. 00:43 Pound weakness and Swiss franc strength 00:43 The discussion focuses on the pound's significant downward movement, highlighting that the pound is strongly oversold while the Swiss franc is strongly overbought. The speaker draws attention to the currency strength indicator, particularly noting the prominence of the green line at the top. They then shift focus...
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How to isolate currency pairs using two of the Quantum trading indicators

How to isolate currency pairs using two of the Quantum trading indicators

How to isolate currency pairs using two of the Quantum trading indicators In this video we show you how to isolate currency pairs using two of the Quantum trading indicators. The two indicators are the currency strength indicator and the currency matrix indicator and here we are using them on the MT5 platform. https://youtu.be/_G4X9POpRvI 00:10 Introduction to Forex trading indicator 00:10 The speaker reflects on tuning out earlier and then discusses returning to the topic of selecting and scanning for trading opportunities in Forex. They mention that some viewers may be familiar with their indicators, but for newcomers, the tool is designed to highlight potential trades. The speaker personally focuses on the British Pound and its currency pairs when using this tool. 00:46 Currency strength indicator overview 00:46 The dashboard features a currency strength indicator that breaks down the market into individual currencies. Each line represents a different currency and shows their recent movements. For example, the British Pound experienced a notable rise on the hourly chart earlier, followed by...
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All eyes on the Aussie dollar following the overnight RBA statement

All eyes on the Aussie dollar following the overnight RBA statement

All eyes on the Aussie dollar following the overnight RBA statement As the London forex session gets underway it's all eyes on the Aussie dollar following the RBA statement and rate decision, and across the Aussie complex, with a nice move lower developing on the AUD/USD. https://youtu.be/Cuf7RWPHXPk 00:12 Introduction to currency matrix and indicators 00:12 The discussion begins by revisiting insights related to the Australian dollar (Aussie) and the cable (GBP/USD) currency pairs, with a focus on recent developments involving the pound and Aussie. Attention is drawn to a currency matrix indicator, explaining that higher values on this indicator suggest strong and favorable moves in currency pairs. Despite notable market movements, the hourly chart for the pound shows relatively low indicator values, which is a key observation in assessing the strength of these moves. 01:32 Upgrading indicator with average value system 01:32 The speaker discusses plans to upgrade a system by adding indicators that classify extreme values as average, below average, or above average for a given time frame. Additionally,...
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Where next for equities as risk on appetite continues?

Where next for equities as risk on appetite continues?

Where next for equities as risk on appetite continues? Always a worrying sign when the mainstream news advocates buying shares, and this is certainly the case with the Chinese Government urging people to buy with the Shanghai Composite continuing to drive higher along with the US markets. https://youtu.be/QPPr4afB_I4 00:00 Webinar introduction and technical issues 00:00 The speaker welcomes everyone to the morning webinar for the London session and thanks the attendees for their patience. They mention a technical issue with the headsets that was resolved by unplugging and replugging them, highlighting the common troubleshooting advice of turning devices off and on again. 00:33 Trading disclaimer and overview 00:33 The speaker begins by highlighting an important disclaimer about the risks involved in trading, emphasizing that one should never use money they cannot afford to lose. They acknowledge the presence of many newcomers and offer a brief overview of the session's focus, which is analyzing forex market charts. 00:59 Volume price analysis and 3D market approach 00:59 The video explains oil price analysis using volume price...
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