A great trade on the cad/chf on the hourly chart following the BOC rate decision. This is not a pair favored by many short-term or scalping traders, given the spread, but those who prefer the slower timeframes can deliver some great moves. What also helps is the Quantum Time-Adjusted Renko indicator, which not only highlights potential entries and exits but, more importantly, keeps us in a trade.
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Camarilla indicator delivers on AUD/USD
https://www.youtube.com/watch?v=AMEOEowzUOI
Support & resistance are an integral part of volume price analysis and as part of the Forex Program we have developed a number of tools to help us identify those key levels on a chart. The Camarilla indicator is one. Here we can see how it signalled the top in a move on the aud/usd.
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Renko chart settings on NinjaTrader 8
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The speaker discusses analyzing the Australian dollar using Renko charts on NinjaTrader 8, noting that the Renko settings differ from those in NinjaTrader 5. They mention the ability to add more indicators to Renko charts in NinjaTrader 8 and describe the price action as in congestion, having just moved above a key level.
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Price levels and Camarillo indicator
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The speaker discusses the R4 level currently at 4.3 pips, compared to a previous level at 2.7 pips which had a longer congestion phase. They mention the target was the R5 level. The Camarillo indicator used has six levels, unlike most...