Using volume data in forex trading.Hello traders!
In this video I will be looking at how we can use volume data in forex trading:
using futures volume I contrast how an indicator such as the Chaikin Money Flow
can give a correct and true reading whereas when applied to a volume-less spot forex
chart it will create a different scenario (with potentially misleading signals).
I hope you can find this helpful and please leave comments!
Trade stafe
Francesco
Currency Futures
"Pound"ing the table on this long. Our favorite signals are with trend "stacked" signals which means we observe confluence or multiple cases for entry. We see that here with a long signal on the 6BU2020 2H that has triple relevance.
#1 - Extreme Turn Buy
#2 - Close to upward sloping T-Line (233 EMA)
#3 - Structure relevance (potential support) looking left.
We're long the 6B futures contract from 1.3080