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...
Beware of the session crossover trap
For unwary forex traders there are many traps to fall into, and this is one of them as we see on the GBP/USD in the London forex trading session.
https://youtu.be/ddWmqMEWX6Y
00:14
Overview of Cable and multiple time frames
00:14
The speaker confirms the screen is visible and explains their setup using multiple time frames on the trading platform, including 15-second, one-minute, five-minute, ten-minute, fifteen-minute, and daily charts. They note a recent steady upward movement in the last hour on the cable (GBP/USD) currency pair.
00:52
Importance of session crossover and London open volatility
00:52
The speaker emphasizes the significance of session crossover in trading, particularly around the London open. Entering a trade earlier in a session, such as during the European open, can yield profits, but traders should anticipate increased volatility, reversals, and volume spikes when transitioning into the London session. This pattern is consistent across many currency pairs due to London's status as the largest and most liquid market. The example uses NinjaTrader's...
The single currency in focus as European markets wait for PMI data
Focus in this session is on the euro as the single currency awaits the PMI date for France and Germany.
https://youtu.be/xQAKuCc_pYo
00:00
Introduction and disclaimer
00:00
The webinar host welcomes attendees from various backgrounds, including Forex program students, Quantum users, and newcomers. Before beginning, the host highlights the importance of the disclaimer displayed on screen, reminding viewers that trading can be risky and complex.
00:34
Forex market technical analysis overview
00:34
The speaker advises never to use money you cannot afford to lose and introduces the session's focus on analyzing the forex market through volume price analysis (VPA). This methodology combines price action with volume to verify if market moves are genuine or anomalies, helping to avoid traps. Additionally, VPA incorporates support and resistance levels, candlestick patterns, and timing to anticipate market direction. The explanation will be demonstrated using charts.
01:33
Fundamental landscape and related markets
01:33
The discussion focuses on the forex market, emphasizing that mastering technical analysis is just the...
All sorts of traps for unwary forex traders!!
For forex traders, there are many different traps waiting to be sprung, and in the London forex trading session this is yet another example, this time for the European fundamental news on the GBP/USD.
https://youtu.be/4DOS5-a7dpk
00:10
Introduction to fast timeframe scalping
00:10
The speaker welcomes viewers and begins by discussing a fast 15-second trading timeframe they frequently use for scalping. They emphasize the value of using quick charts, such as a one-minute chart with NinjaTrader or a similar platform, especially when learning volume price analysis (VPA). The speaker highlights that fast charts allow traders to grasp lessons rapidly by observing market behavior closely, using the example of the London market open to illustrate these concepts.
01:17
Analyzing London open volume and price action
01:17
The discussion focuses on analyzing price action and volume during the London open, about 15 minutes into the session. The speaker highlights the importance of comparing volume and price within the same session to identify anomalies. They point...
Fundamental data takes a back seat as the pandemic continues to dominate so patience required!
With markets remaining nervous as the pandemic continues to dominate and fundamentals take a back seat, patience is required in these tricky market trading conditions.
https://youtu.be/0fk3C9KbKOQ
00:12
Initial PMI data and market reaction
00:12
The speaker discusses monitoring recent market activity related to PMI data releases. They note that the first data set, a French PMI, was released quickly, but emphasize the German PMI at 8:30 as more important. The market reaction is positive, with 50 identified as a key inflection point.
00:47
Understanding PMI inflection point at 50
00:47
The speaker discusses analyzing fundamental data through graphical representations similar to market charts. They explain that a value above 50 indicates a well-performing market economy. The graph shows a sharp decline caused by the economic shutdowns due to the virus.
01:24
Context of unusual economic environment
01:24
The speaker discusses the unusual and abnormal context of the past two to three months, emphasizing that the environment has been far...
Yes, you can use the forex-specific indicators for trading currency futures!
One of the questions we are often asked is whether you can use the currency specific indicators for trading currency futures, and the short answer is yes, and we explain how in the video.
https://youtu.be/-IAw1BJRqts
00:11
Introduction to currency futures and workspace setup
00:11
The speaker explains their transition from spot markets to currency futures to avoid the volatility of spot trading. They describe their workspace setup, using the CSI on a five-minute timeframe and the currency matrix on a ten-minute timeframe. The focus is on futures contracts, specifically the 6A contract, which are larger and more substantial than typical spot market contracts.
00:42
Explanation of futures contract notation and currency pairs
00:42
The segment explains different currency futures contracts, highlighting that the Aussie dollar is represented as 6B, and the pound as 'cable'. It discusses the 6E contract, noting the Canadian dollar is shown unusually as CAD dollar, not dollar CAD, because futures contracts use the dollar as...
Where next for the pound yen currency pair?
In this portion of the US futures trading webclass we move to the spot forex markets and take in the GBP/JPY and see where it is heading based on the current trend.
https://youtu.be/4jPioInlNyg
00:17
Trading the British Pound pairs overview
00:17
The speaker introduces a focus on analyzing the British Pound through two currency pairs: GBP/AUD and GBP/JPY. They emphasize understanding the chart's structure to determine whether the market is trending or in a congestion phase, which guides what actions to take when reading the chart.
00:57
Developing trading tactics and setups
00:57
The speaker discusses developing trading tactics or strategies as part of a program. Traders create specific setups based on chart patterns, such as reversals, with defined parameters that suit their personality and have proven successful. They emphasize the importance of waiting patiently for the right setup and understanding key concepts like price action and volume before making trading decisions.
02:06
Understanding chart structures and price action
02:06
The speaker discusses analyzing chart structure,...
What we are always looking for: divergence!
In this session from the forex trading webclass, Anna explains one of the fundamental principles for trading currencies, which is to identify divergence, which then results in a strong trend.
https://youtu.be/-5ubJ29_EsQ
00:11
Introduction to Pound Aussie and Euro Aussie analysis
00:11
The segment begins with an analysis of the Euro-Aussie currency pair, highlighting a potential reversal forming. The speaker then shifts focus to the Pound-Aussie pair, continuing the previous day's narrative. By isolating the Pound and Aussie currencies using the CSI index, they note that both have generally been selling off. However, because both currencies moved similarly during this timeframe, it led to a congestion phase rather than a clear trend, contrasting with the Euro-Aussie's trend.
01:24
Congestion phase and lack of divergence in Pound Aussie
01:24
The discussion focuses on a lack of divergence in the Pound/Aussie currency pair at the moment, noting that the price is currently congesting around the 80 to 55 levels. Using the three-minute chart, an example of...
Volume or price based support and resistance - here we use both!
Many forex traders are familiar with price based support and resistance but few use volume. In this session from the forex trading webclass you will discover the power of both when used together.
https://youtu.be/jXM8xgVjiB8
00:00
Introduction and disclaimer
00:00
The speaker welcomes everyone to the morning session and apologizes for the delay caused by the necessary disclaimer, which is a mandatory part of every webinar. They acknowledge some distractions due to recent price action in the market and remind viewers that trading involves significant risk.
00:30
Overview of Valen price analysis methodology
00:30
The speaker advises against using money you cannot afford to lose and introduces the Valen price analysis methodology used for market evaluation. This approach combines technical chart analysis with an understanding of fundamental factors and related markets, such as equities and bonds. Success in Forex trading, especially for the long term, requires integrating both chart signals and broader market fundamentals.
01:39
Drivers of Forex price action
01:39
The speaker...
The psychology of trading - do you have the patience?
The tactic of trading reversals takes patience, and something you may not have in abundance. In this example we take a look at the EUR/CAD with the euro heavily overbought and the Canadian dollar equally heavily oversold on the currency strength indicator for NinjaTrader.
https://youtu.be/AQqakclQlq4
00:10
Switching focus to Euro CAD pair
00:10
The speaker switches focus to the Euro CAD currency pair for a specific reason related to previous analysis using multiple CSIs. They compare Euro CAD with Euro Ozzie and mention that similar to the Pound Ozzie, there is congestion and falling trends observed in the Pound Ozzie pair.
00:45
Euro rollover and market selling pressure
00:45
The discussion focuses on the Euro rollover, indicating selling pressure on the Euro in the market. This selling is also impacting the Euro/Australian Dollar pair, showing a downward movement. The speaker questions which currency pair to monitor, noting that pairs involving the Euro often move in the same direction, similar to...
