Another Terrific Forex Trading Session With The Aussie Dollar And Pound In Focus

Another terrific forex trading session using the Quantum Trading tools and indicators for MT4/MT5 and NinjaTrader supported by volume price anlaysis. And we start with a walk-through of the currency strength indicator across multiple time-frames and the key issue of focusing on your time window for trading, and then using the daily timeframe for context. Moving to the charts it was the Aussie which was in focus on the AUD/JPY with a steady move lower from the 15 second time-frame and upwards, with a nice trap move developing as the London session open and a trigger of the volatility indicator higher, with a consequent trap move and reversal lower as the market makers opened proceedings!

Then it was back to the MT5 platform and moving to another Aussie pair, this time the GBP/AUD, with GBP buying across the complex driving market sentiment for the currency, and with Brexit taking a back seat for the next few weeks ahead of the election. The 3m chart showed the volume point of control and the powerful picture it presents for traders as the market breaks away and develops a trend with volume confirming the move. We also saw a great example on the renko indicator with the trend monitor helping to keep you in. As always, a terrific session with plenty of lessons for everyone!