Tag: trading education

Trade futures using Renko and time charts on NinjaTrader Using renko charts in combination with time-based charts is a terrific way to trade futures. This blends the advantages of a time-based chart and the application of the volume price analysis methodology with using a non time-based chart such as renko which not only reveals momentum but also smoothes the price action. Finally, using them in multiple timeframes makes this approach even more powerful. https://youtu.be/t14k-qi7i54 00:10 Overview of Renko and volume analysis 00:10 The speaker provides an overview of the current status on the YM (likely a market index or chart), noting progress through a specific region and breaking away from volume pointing controls. Despite a pause point, low volume at the top suggests a favorable setup for a potential rally higher. The trend monitor remains consistently positive, indicated by a blue color throughout. 00:43 Introduction to Renko optimizer tool 00:43 The speaker encourages not to hesitate in joining ongoing trends and demonstrates using Renko charts across different time zones. They...

Trading the YM Emini with confidence Learn how to trade Emini futures with confidence using the Quantum Trading tools and indicators. This is from yesterday's US futures trading session and for the YM Emini which is the futures contract for the Dow 30 cash index. https://youtu.be/0SR7g-k8Gss 00:12 Introduction to daily chart and volume analysis 00:12 The speaker begins by checking audio and engaging the audience through a chat prompt. They then focus on analyzing a daily trading chart, highlighting the candlestick's lower wick, which indicates price movements and volume. By activating the volume indicator, they observe significant volume activity and note a sharp intraday reversal. This reversal suggests potential for further buying momentum and a possible upward price movement, relevant for both intraday and longer-term traders. 01:18 Market reaction to bad news and resilience 01:18 The markets have been heavily impacted by numerous negative news reports, but they are gradually becoming desensitized to such information. Despite grim economic indicators like employment figures, the expected market collapse has not occurred. This...