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...
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...
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...
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...
Trading in multiple time frames
https://www.youtube.com/watch?v=_UvB2SBMUx8
In this video we focus on the importance of the daily time frame, significant levels & how they come into play once a trend is underway.
00:12
Using non-time-based charts for Pound Yen moves
00:12
The discussion focuses on trading the pound yen using non-time-based charts, which may be necessary given the recent market moves. Traders often start their sessions at different times and face challenges with strong price movements. While some use limit orders based on analysis from 30-minute or hourly charts, most traders prefer market orders and faster timeframes. The pound yen experienced a significant upward move, partly catching up with movements seen in the Australian and New Zealand yen pairs.
01:26
Considering session impact on Pound Yen trend
01:26
The discussion focuses on trading strategies during the London session, highlighting the prominence of the pound and euro. It explores whether to wait for a market reversal or to continue following the prevailing trend, considering different currency pairs like the yen, Aussie...
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...
Silver futures deliver some classic volume price analysis lessons
More lessons in volume price analysis using silver futures.
https://youtu.be/EaAnGfTIgLo
00:16
Introduction to volume price analysis
00:16
The speaker begins by ensuring the audience can see the screen and moves the chat interface out of the way. They introduce a silver chart to illustrate key points about volume price analysis. Emphasis is placed on recognizing signals within any chart or timeframe and the importance of patience in allowing those signals to fully develop.
00:47
Silver futures trap move explained
00:47
The speaker discusses silver futures, highlighting a trap move occurring at 1:00 PM UK time, which coincides with the opening of the US cash markets. This time brings increased volume and volatility, demonstrated by a significant trigger and notable volume, characterizing the move as volatile.
01:16
Volatility trigger and reversal
01:16
The volatility trigger appears on the candle in real time, causing many traders to enter the market out of fear of missing out. This often leads to them being caught in a reversal as...
Using Camarilla to identify key levels in multiple time frames
https://www.youtube.com/watch?v=rI-QBXpnEpg
Support and resistance become even more important in multiple time frames, particularly when a trader's focus chart approaches a significant point on a higher or slower time frame. In this video, we explain how to identify such levels using the Camarilla indicator for MT5.
00:00
Introduction to Forex webinar and market overview
00:00
The webinar begins with a welcome and an overview of the forex market and related markets, emphasizing the importance of considering both technical charts and fundamental factors, especially during the ongoing health crisis. The presenter highlights how risk and market sentiment are influenced by current events. A disclaimer about the risks of trading is given, cautioning viewers to only trade with money they can afford to lose. The hosts introduce their approach, which involves analyzing the market using volume analysis combined with price action to gain deeper insights.
01:36
Oil market crash and its impact on currencies
01:36
The discussion begins by emphasizing the importance of...
