High Volume Times to Trade / Part 1 🔣Hello traders welcome back to another Concept video. In this video, we detail some of the best times to trade the Eur/Usd Currency pair. This happens to be at Session opens. We go through the 3 Session opens and walkthrough examples of increasing volume ( Large candles). Session opens can provide a great catalyst for 1) a continuation of momentum of the preceding trend or 2) a dramatic reversal. The Euro and the U.S. Dollar are not open during the Asian session and so the candles are much smaller and the average volatility is much less. However, the same concept applies regarding the former.
Eurusdtrade
How To Use Time Frame Combination For Swing Trading OANDA:NZDUSD
OANDA:EURUSD
Hello Traders,
This video will show you how to use time frames and combine them for swing trading from a higher time frame to a lower time frame.
I use recent NZDUSD and EURUSD move to frame swing trade opportunities from a higher time frame to a lower time frame.
I hope this video helps you.
Don't forget to give me a like and a follow for future updates.
If there is anything you want me to cover, drop a comment on it.
EURUSD and GBPUSD divergence strategyEURUSD and GBPUSD are two highly correlated pairs. So a divergence in these two can be an alert for a big reverse of price usually for the one which makes a higher high or a lower low.
It is a confirmation when the price is closing to a supply or demand level like daily or weekly high or low!
Correlating PairsFind correlating forex pairs when you've decided on a trading strategy.
You'll have to do less work deciding on your week's trades.
EURUSD and GBPUSD are great pairs, for example.
Price Action Trading ExplainedHey Guys!
Here's a simple explanation of Price Action Trading!
In its very essence, Price Action Trading is about letting price tell you where it's headed in the future. No indicators or fundamental analysis. Just price alone will do. But in order to know what price is telling you, you must first learn "how to read price". Think of this as a language. Just like how you're reading this post and understanding my intent through the English language. A price action trader must learn the "Language of Price" before interpreting what price is telling you in terms of where it's headed in the future.
Once the language of price is mastered, a price action trader simply reads what price is telling him/her in terms of the future direction of price and makes trading decision accordingly. So, if price is telling you that it will go up in the future, you buy (or abort depending on the situation). Sell, if that's what price is telling you, and most importantly stay out of the market when price is telling you there is no bias in future long or short strength.
Take this EUR/USD Short Trade that I'm currently holding positions in: If you follow my weekly forecasts you'll know that I took 2 short trades last year in which I still have 20% in at the current moment.
Initially, when I entered these trades last year, the weekly chart's price was telling me, " Yo Ken! There's more short strength than long strength between these 2 major pivots....Just Letting you know!" (shown on the chart.)
So in other words, "Price" was telling me that it will reach the Main Target Pivot Low before reaching the Main Stop Loss Pivot High.
So, as price pulled back to the Main Stop Loss Level, I listened to "Mr. Price" and took 2 Short Entries with the risk parameters shown on the chart. Then after entry, the lower time frames were consistently telling me, " Hey Ken!There's abundant short strength in this pair! I'm headin' do---wn! "So I took out 80% of the Position at the Main Target. (Just for discipline's sake) and kept 20% in. (Hey!Why not right?)
Then from November of 2021 to the current, on each bounce long, price was telling me yet again, " I'm still headed down Ken, Just letting you know.....", so I'm currently still holding 20% of the short position.
In this way, by learning the "Language of Price", a price action trader reads what price is telling him/her and makes trading decision accordingly. There is no concept of price being wrong or right.
Thus If price does not go in the expected direction. To a price action trader, it is not "the price" that is at fault; nor is it some other Technical or Fundamental element's fault. The blame is always on the misinterpretation of price by the price action trader. For in price action trading, "Price is always Right".
Have a great day guys!
Ken
EURUSD REVERSAL / WKH I tried to show you in this example how price was manipulated on a intra-week basis, taking liquidity aka sell stop losses above weekly high and then reverse, to understand why there is manipulation just take a look at the volumes of the candles huge momentum after taking the buy side liquidity.
Try to understand the liquidity, if you dont see it you are it.
EURUSD and invisible power behind price changesHi
Swing Analysis according to G.W.T. are the best in predicting next swing direction. Price by its self will show us where need to go. Going from Daily trough H4 down to one-hour chart you can very easy see how clear and simple is to predict direction of the next swing and trend direction.
Also pay attention to Momentum – power behind price movements.
No momentum no price change.
Daily Chart:
H4 chart:
Cheers,
Jim
