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...
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...
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...
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...
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...
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...
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...
Volume price analysis reveals the truth behind the price action
Many traders rely on price alone to forecast future direction, yet this is only half the picture, a two dimensional one at best. What volume does is provide a three dimensional view of the chart and what is going on behind the price action. It removes the cloak of secrecy which is used by all the insiders to hide their activity. With volume they cannot hide and as volume traders all we need to do is follow them. Buy when they buy, sell when they sell and stay out when they do - it's that simple.
https://youtu.be/OOl83EVD6zA
00:10
Introduction to volume price analysis and sentiment trading
00:10
The speaker discusses a reversal pattern observed on the Canadian pound using a Renko chart and introduces a sentiment trading website featured in a recent Forex webinar. This site offers a free newsletter and numerous sentiment indicators designed for investors. The tagline emphasizes leveraging emotions in trading, highlighting how...
Discover the power of volume price analysis for yourself
In this video I explain some of the basic principles of the volume price analysis methodology and what it will do for you whether as an intraday trader or longer term investor.
https://youtu.be/-WpmQ-BfJho
00:01
Webinar introduction and disclaimer
00:01
The host welcomes attendees to the afternoon webinar, noting the pleasant weather in Hampshire. They express appreciation for the audience's time and introduce their husband David, who is present but not speaking. The host also mentions an upcoming disclaimer before proceeding with the webinar content.
00:31
Session overview and risk warning
00:31
The session begins with a caution about the risks involved in trading, emphasizing not to use money one cannot afford to lose. The presenter acknowledges a mixed audience of forex students, quantum users, and newcomers. The focus of the webinar will be on analyzing charts and reviewing the markets in general.
00:59
Introduction to volume price analysis (VPA)
00:59
This segment introduces volume price analysis (VPA), a methodology that examines price action alongside volume...
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...
