Doji candle on the monthly DXY chart confirms hits strong price & volume based resistance

Doji candle on the monthly DXY chart confirms hits strong price & volume based resistance

The Doji candle is often taken as a reversal signal, which can happen. Additionally, what this candle is really telling us is that, during its formation, the bulls and the bears were in a tug-of-war for control. Naturally on completion, there was no overall 'winner', leaving the project directionless. Therefore, this is why the candle is best described as a candle of 'indecision'. From a trading perspective, Doji candles can generate strong two-way price action. However, it more often causes choppy, volatile trading conditions. Fortunately, the example we have on the monthly chart for the DXY had a really wide range - over 200 pips which explains why this week the price action has been more muted. Understanding candle patterns and blending them with the Quantum indicators can help to determine where the price is likely to pause and reverse. In this example, we have price-based support & resistance from the Camarilla pivots and volume-based resistance derived from the volume point...
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Wyckoff and the principles of volume price analysis explained

Wyckoff and the principles of volume price analysis explained

Wyckoff and the principles of volume price analysis explained https://youtu.be/XOgJvfkP--Y 00:00 Introduction to day trading webinar 00:00 The webinar begins with a welcome and an introduction to the session focused on day trading various markets on an intraday basis. The presenter mentions covering Forex, indices, and possibly gold, noting that no stocks will be analyzed today. Emphasis is placed on the adaptability of the trading methodologies to any market or timeframe. A disclaimer is highlighted, warning viewers about the risks of trading and advising not to use money they cannot afford to lose. 01:01 Volume price analysis methodology 01:01 The speaker explains that they run the session alongside their husband, David, who some viewers may have heard before. The methodology used in their trading and investing approach is volume price analysis, which examines the relationship between price action and volume to predict market direction. This approach is applicable to both traders and investors. The methodology is detailed in several books available on Amazon, including original versions published in English,...
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Volume signal on the AUD/USD

Volume signal on the AUD/USD

Volume signal on the AUD/USD In falling markets one of the great signals we always look for as forex volume traders is the candle highlighted on the chart, and is often an excellent re-entry signal to any trend if you have missed an opportunity higher in the trend. And the signal is simple and clear. Price weakness as denoted with the deep wick to the upper body of the candle, but associated with high volume. The market has tried to rally on excellent volume, but closed lower on the day. Clearly, the market makers are selling into weakness, and therefore, we can expect the trend lower to continue. You can join me in my free forex webclass where I explain this and other principles of volume price analysis, which you can then apply to your own trading - join here http://bit.ly/3cB64cH The Australian Dollar: Key Drivers, China Ties, Commodities, and Economic Impact The Australian dollar (AUD), often nicknamed the "Aussie," is a commodity-linked...
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