Learn how to use the Camarilla levels indicator to trade both spot forex and futures
Trading is all about levels and flow and the Camarilla levels indicator is one indicator we use to define these levels. Most use 4 levels but we have developed this to add a further two so the indicator gives a range from R6 to S6 with the buffer zone at R1 to S1.
https://youtu.be/2q08jV05BcY
00:00
Introduction to day trading futures and markets
00:00
The webinar begins with a welcome and an introduction to day trading during the U.S. session. The focus will be on futures markets, specifically indices, as well as Forex and some commodities like oil and gold. The speaker mentions that David has the oil chart ready, highlighting the broad range of markets to be covered.
00:34
Volume Price Analysis methodology overview
00:34
The webinar introduces the methodology of volume price analysis, which can be applied to any market and timeframe. The presenter emphasizes the importance of the disclaimer visible on the screen,...
Several volume price analysis lessons here for cable
The 5-minute chart of cable offers several lessons in volume price analysis. First, we have to wait for signals to be confirmed, which is the case in the uptrend. The weakness is signalled clearly on high volume. This is followed by further signals of weakness as the move runs out of steam, before the reversal duly begins. Then, in the downtrend, as the reversal gets underway, we see the clear re-entry signals and opportunities to jump on the trend if we missed the initial signals.
Applying Volume Price Analysis to Forex: Using Tick Volume as a Proxy
Forex is the world's largest and most liquid market, but unlike stocks or futures, it is decentralized with no central exchange reporting true volume. This lack of centralized data means traditional volume figures are unavailable. Traders use tick volume as a proxy—the number of price changes (ticks) in a period. Tick volume correlates closely with actual trading activity,...
Learn how to start each forex trading session
https://youtu.be/bQ7Ouzj0mO0
00:01
Introduction and health crisis context
00:01
The speaker welcomes viewers to the London Forex webinar, sharing a personal anecdote about walking their older dog in Hampshire. They express hope that everyone is coping well with the ongoing health crisis and note that the webinar offers a positive distraction from current global challenges. The session begins with a reminder to pay attention to the disclaimer displayed on screen.
01:03
Trading risks and methodology overview
01:03
The speaker emphasizes that trading is risky and advises not to use money one cannot afford to lose. The session focuses on analyzing the forex market using a volume price analysis methodology developed over 20 years. This approach involves examining not only technical charts but also fundamental factors and related markets, as all markets are interconnected. The key focus is on tracking money flow, which depends on broader market sentiment and economic conditions.
02:03
Market sentiment and related markets
02:03
The speaker discusses the impact of the recent virus...
Some nice pips on the GBP/NZD
Some nice pips delivered here courtesy of volume price analysis on the 15 minute chart!
https://youtu.be/A0EVn3mvMdU
00:11
Introduction to risk and reward in trading
00:11
The speaker ensures their microphone is on and addresses a question from Belinda related to risk and reward. They reference a 15-minute chart from nearly an hour ago, noting initial weakness followed by a strong signal indicating that the weakness was expected to develop further.
00:39
Analyzing price weakness and volume signals
00:39
The segment discusses the price movement of a stock that has declined from about 90 to 59, indicating a potential profit opportunity from the reversal. It highlights strong volume activity confirming the price action, with some buying interest visible. The analysis notes limited price base support levels, describing them as weak and thin, and emphasizes the need for volume to push through a significant wedge of volume. The segment concludes by considering potential target levels for the price if the reversal continues.
01:37
Identifying support levels and market...
Two-volume price analysis lessons in one here on the daily chart for the GBP/JPY. First, we see rising prices and falling volume as the rally of late March stalls. This is an anomaly as we should expect to see rising prices supported with rising volume if the trend is to develop with real momentum. Then we move into the congestion phase. Note the fall in volume as price action narrows and trades around the volume point of control. Now, all we need to do is wait and be patient. The breakout will come in due course and be confirmed as genuine or false with volume.
The Historical Foundations of Volume Price Analysis
Volume Price Analysis (VPA) has its roots in the early days of technical analysis, dating back to Charles Dow's Dow Theory in the late 19th century. Dow emphasized that price movements must be confirmed by volume to be valid—high volume on advances showed strength, low volume warned of weakness. This...
A four step process using the currency dashboard to trade forex
In this video, we explain how to use the four indicators in the currency dashboard starting with the currency strength indicator. Then it's on to the currency matrix indicator, followed by the currency array, and finally to the currency heatmap, which completes the dashboard.
https://youtu.be/QIr7oprGFYQ
00:10
Introduction to the Currency Strength Indicator
00:10
The segment introduces the CSI as the foundational tool for analyzing a complex market by breaking it down into basic components, likened to building a house with bricks. It emphasizes using multiple timeframes to identify market conditions such as overbought or oversold levels and reversals, illustrated by the example of the Euro beginning to reverse upward.
00:43
Currency Overbought and Oversold Conditions
00:43
The discussion focuses on currency market conditions, highlighting the oversold status of the Australian dollar and the yen's position. The Australian dollar continues to climb strongly, while New Zealand's currency has started to decline slightly. The speaker notes that commodity currencies often move...
It's risk on as the London forex markets open
https://youtu.be/3B5G3wYeYTg
00:10
No best currency pair for intraday trading
00:10
The speaker addresses a question about the best currency pair for intraday trading using CSI, emphasizing that there is no single best or perfect approach. Instead, the choice depends on what suits the individual trader. Some traders focus on one or a few pairs, while others trade any available pairs. The decision also depends on trading style, such as scalping, reversal trading, or trend trading, all of which relate to personal risk preferences. The speaker notes that this is a complex topic covered in detail in the program and promises to provide further explanation during the session.
01:10
Tracking Aussie yen and market indices
01:10
The speaker discusses tracking the Aussie yen across multiple timeframes, noting a steady upward trend. Attention is also given to the FTSE 100, which has surged significantly from 5580 to 5744, presenting a promising early trading opportunity. The conversation then shifts to various US futures...
Digging out the trading opportunities on Aussie dollar and EUR/NZD
https://youtu.be/vo4b2rRcA_c
00:12
Aussie dollar selling and currency indices update
00:12
The speaker discusses recent movements in currency markets, focusing on the Australian dollar (Aussie) which is showing strong buying activity. The US dollar is experiencing selling pressure, particularly evident across various currency indices including the yen, euro, British pound, Canadian dollar, New Zealand dollar, and Swiss franc. The analysis uses short-term charts, such as 15-second intervals, to highlight rapid trends with the Aussie dollar gaining strength while the pound is selling off. The speaker notes the dynamic nature of these moves, driven by factors affecting both buying and selling sides.
01:21
New Zealand and Aussie dollar strength analysis
01:21
The segment analyzes currency strength, focusing on the US dollar, New Zealand dollar, and Australian dollar. It highlights a strong move in the New Zealand dollar, marginally stronger than the Australian dollar, indicating selling pressure on the US dollar. The discussion includes examining currency pairs on multiple timeframes (3, 5,...
Analysis of the EUR/CAD, the volume point of control and Wyckoff's three laws
https://youtu.be/_G8vIVpyhP8
00:11
Initial setup and volume point of control
00:11
The speaker explains that instead of relying solely on the CSI or the chart, they took a screenshot to better understand the initial setup. They reference a three-minute chart of the Euro Canadian currency pair from about half an hour ago, highlighting the volume point of control and its significance in the market context.
00:47
Market congestion and value area explained
00:47
The segment explains the concept of a market congestion phase, also called a value area. This phase indicates market imbalance with no clear direction, as buying and selling activities are balanced. The market is essentially in a status of equilibrium, and it is noted that markets spend a significant amount of time in this balanced state.
01:20
Triggers for market movement
01:20
The speaker explains that about seventy percent of the time, prices move sideways until triggered by an event. These triggers can be fundamental news, geopolitical events,...
And here is the trap revealed on the GBP/JPY pair from earlier!
The crossover from one session to another is one of the most profitable times for the market makers and here's why. We looked at the GBP/JPY at the start of the London forex session and saw the volatility which is ever present at such times. Now we can see the trap has been sprung and the market has reversed sharply. All those forex traders who jumped into this pair on FOMO, the fear of missing out, on the initial rapid move higher, are now trapped in weak positions and regretting their decision.
https://youtu.be/yIJzb79MbPc
00:11
Pound Yen Market and London Session
00:11
The speaker explains market behavior during the London session crossover, focusing on the pound-yen currency pair. A rapid price move early in the London session creates a fear of missing out, enticing traders to jump in quickly. However, this often traps them in weak positions due to sudden reversals. This pattern frequently occurs...
