Does volume price analysis work? Most definitely

Does volume price analysis work? Most definitely

by Anna Coulling Comment Closed
In these unprecedented and dramatic times for markets, traders, and investors, volume-price analysis has never been more appropriate, and we had a great example on the 3-minute chart for the WTI contract for April. The chart is vpa 101, where, following a move lower from a strong resistance line, we have a candle with a deep upper wick and very high volume, not only confirming the move lower but also providing a potential point of entry. The minor correction is higher on falling volume, thereby validating our initial analysis. What Volume Price Analysis (VPA) Will Do for You Volume Price Analysis (VPA) is a straightforward yet powerful trading methodology that focuses on the relationship between price movement and volume to reveal the true intent behind market action. Developed by Anna Coulling and rooted in the classic principles of Wyckoff, tape reading, and the work of pioneers like Livermore and Ney, VPA strips away lagging indicators and noise to show you exactly what professional...
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Canadian dollar crushed as oil prices tumble

Canadian dollar crushed as oil prices tumble

by David Coulling Comment Closed
Canadian dollar crushed as oil prices tumble One of the relationships I cover in my free forex webclass is that between oil and the Canadian dollar, and it has never been more important following today's dramatic price action for both crude oil itself and broad market sentiment. So, with equity markets and oil in free fall, the CAD/JPY pair has delivered some wonderful trading opportunities, along with several others in the Canadian dollar complex. The combination of risk-off and oil has driven the pair lower still, following the gapped-down open under heavy selling as seen on the daily chart. Over the next few days it will be a question of watching the related markets of oil and equities for any recovery in the Canadian dollar. The Canada-Oil Relationship: A Deep Dive into Economic Ties and Currency Market Impacts Canada, often dubbed the "Great White North," is not just known for its vast landscapes and maple syrup—it's a powerhouse in global energy markets, particularly...
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Crossover session traps

Crossover session traps

by Anna Coulling Comment Closed
Crossover session traps The crossover sessions in forex occur when trading in one timezone closes and another opens and can be a very dangerous time for traders. Why? Because this is where insider traps are set. The London open always is a fertile ground and there was a great example on the usd/jpy. Heavy buying in the pair on the previous day resulted in a nice move higher in Asia with the pair moving into consolidation ahead of the London open. Prior to the open the pair started to move higher on reasonable volume but reversed lower at the open on high volume until the hammer candle, again on high volume pushed the pair back towards the consolidation (the yellow line on the chart). Session Crossover Traps: How Market Makers Catch Unwary Traders (and How to Avoid Them) The session crossover — the moment one major trading session hands over to the next — is one of the most dangerous times of the day for...
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