Most traders and investors get very frustrated with consolidation phases of price action on a chart, but as VPA students, we know these zones are the spawning ground of trends. One such example can be found on the daily chart for Meta (formerly Facebook), which has risen over 60% YTD. This turnaround in fortune has been driven in part by strong retail inflows at the beginning, but the groundwork was laid in December, as we can see on the daily chart.
The charts in this post are from my TradingView account, and we can see immediately the accumulation during this timescale with the accumulation and distribution indicator (blue hatched) thickening as the phase developed, confirming it would provide a strong platform of support for any move higher. Note also the yellow pivots in the consolidation, which helped to define the highs and lows.
On the weekly chart, we can see the vpa lessons and how the outermost support line of the volume...
Using multiple timeframes for the camarilla levels indicator on NinjaTrader
Using multiple timeframes is one of the building blocks of trading success but one which applies equally to indicators for NinjaTrader also, and in this case it's the Camarilla levels indicator.
https://youtu.be/fQ8pYzQz6C8
00:18
Pause due to technical issue
00:18
The session is temporarily paused due to a technical issue with one of David's monitors. Despite having an impressive move underway, the team requests viewers to be patient for about a minute while they resolve the problem. Viewers are encouraged to submit any questions in the chat, which will be addressed during the pause.
00:48
Aussie Dollar chart overview
00:48
The speaker introduces the Australian dollar chart on a 60-minute timeframe using NinjaTrader software. The chart features candlesticks, volatility indicators, and volume. The presenter focuses on observing price levels and toggling through different timeframes, mentioning classic chart patterns as part of their analysis approach.
01:20
Double top pattern analysis
01:20
The speaker discusses a technical analysis pattern known as a double top, highlighting multiple points...
