Biggest Mistake to Avoid in Volume Profile Trading - Avoid This!
Ойын-сауық
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Пікірлер: 103
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@lastking1731
Жыл бұрын
Name of this indicator please?
@DavidElstob73
Жыл бұрын
Nice video as always. What you're explaining is similar to the neckline on a pattern. And what no text book will explain is why this is important. Well it's important because - according to the NYSE website - market makers prop up trading ranges (to prevent price collapsing and conditions becoming untradeable). So like you said, we need to see a clear break of the neckline (support or resistance) so we know market makers have flipped direction.
Honestly the best 15 minutes of my life. You didn't draw anything out, sell anything, degrade anyone, and very effective. Thank you. One last thing, the explosive take off is able to be offset if risk management and average down method is used. I've done this numerous times and red trades end green trades.
Wow. I have this same problem trying to anticipate a breakout when price pierces through a node. It seems like using VP node gaps for S/R levels is the way to go. Thanks for the explanation and reasoning!
Best tutorial on vol profile I've come across. Another great confluence before entering a trade. Thank you for making this video.
Wow super clear explanation, ty!
Very clear message, thank you very much for posting this video.
One of the best videos I have seen. So clear, accurate and to the point.
Great video. Thank you!
Outstanding insight - thank you for sharing!
You keep us busy! 😂Love your videos! Taking notes for a future reference!
Great video, Thanks. I keep making this same mistake. The key is wait for the break and re-test, then go in. I have to keep reminding myself this all the time, and yet, i still make the mistake. Patience pays.
@PriceActionVolumeTrader
Жыл бұрын
Yes. We all still do this sometimes. Key to wait.
Thanks. Great content as always.
The most easiest way to explain volume profile. Thank you. I'm subscribing to your channel.
@PriceActionVolumeTrader
Жыл бұрын
Welcome!
11:46 I see a double bottom another reason not to short I thank you for your amazing work, greets from Australia
Clearly understandable, thank you!
thanks great info nicely explained
Thank you.
I have been using it correctly OMG. Not to gloat, but I think I'm very clever to have figured this on my own. I was profitable for 3 weeks straight.
Thank you. Really you have give the big lesson in trade using volume profile. Thank you again.
@PriceActionVolumeTrader
Жыл бұрын
That’s great to hear Mokhtar!
Lovely and very informative video.
Top school, much appreciated: thanks a lot
Excellent explanation 👌. Look forward to experimenting with this strategy 👏
Good point on the LVA. However, when price decides to go "against" it, that's when real squeeze (aka real breakout) happens. IF price closes above that LVA for a long
Thank you for sharing this video, very good one.
Thanks for another great free video
Thanks a lot!
@PriceActionVolumeTrader
17 күн бұрын
Welcome!
Thanks so much I seriously have been using the volume profile so wrong the whole time! This really helps a ton. Sometimes you got to be a bit contrarian I found while using the volume profile I liked the explanation about how big players can use those aggressive sellers to load up on longs although it looks like it should sell off it does the opposite because big money took advantage. Even me I would have probably taken that short easily but now I see why I haven’t been winning on my trades. Very helpful thank you 🙏
@PriceActionVolumeTrader
Жыл бұрын
Great to hear. Yes, most of the time it is better to go against the retail majority. Of course High volume Node edges do break especially on new driven events. But in general the risk:reward in those edges are the best.
@flippatheshippa
Жыл бұрын
@@PriceActionVolumeTrader Seriously this is a game changer for me so thankful for this video I got to share this with my boys 💯💯 I’m subscribing
Nice explanation.
thanks
This is very important information and quite informative. Thank you for sharing. I have liked and subscribed.
@PriceActionVolumeTrader
Жыл бұрын
Thanks for the sub!
Thank you for the inspiration Sir!
@PriceActionVolumeTrader
Жыл бұрын
Welcome!
I've made this mistake loads of times, I'm glad you pointed this out
@PriceActionVolumeTrader
Жыл бұрын
Yes. We all get caught doing this every now and then.
@renatoemke1498
Жыл бұрын
Me too …
Eye 👁 opener. Made lots of mistakes trading like this. Thank you for the explanation.
@PriceActionVolumeTrader
Жыл бұрын
Glad it helped.
Im from Brazil and I join here recently ,great class teacher ! Thanks a lot!
@PriceActionVolumeTrader
Жыл бұрын
Great to see what an international audience we have here
@TonyStark-yv5qc
5 ай бұрын
@@PriceActionVolumeTraderYeah! I am from Brazil too. Your lesson is awesome! I hope you continue teaching. Please don't mind negative comments, but rather positive comments, because you help a lot of people!
Tnx ❤ for this sir
"The number one mistake" Yep did that today on SP100, then I found this video at lunch. Well done Sir. Lesson learned.
@PriceActionVolumeTrader
5 ай бұрын
Lesson learned. You’ll get it back tomorrow.
@billespinosa5088
5 ай бұрын
@@PriceActionVolumeTrader Yes Sir working on it.
@billespinosa5088
5 ай бұрын
Nas100 (not sp100), hit perfectly, made up for yesterday and then some. This fellow has great content, if your mind is open to it.
Great!!!
Respect ❤
thank you
@PriceActionVolumeTrader
Жыл бұрын
Welcome Admad
just what i was looking for. Good video sir and new sub
@PriceActionVolumeTrader
Жыл бұрын
Nice to have you onboard Jason!
I learned so much from you. Can you please make a video how to set up a bid and ask volume profile and regular volume profile that looks like your? like the thumbnails. Thank you very much.
@PriceActionVolumeTrader
Жыл бұрын
That is a delta volume profile. In the settings under "display volume in bars" instead of selecting "total volume" you select "ask volume - bid volume" and you get the delta profile.
Great Video, I'm new to your channel and you might have answer this already, but when scalping or day trading, do you purely use the time frame your are trading against or do you incorporate time frames around it ie: trading 5m, but you use 15min and 1 min for confirmations and entry/exit. Thanks
@PriceActionVolumeTrader
4 ай бұрын
Yes I use multiple timeframe analysis. Usually VP levels from the hourly and then executing on 5m or tick charts for entries.
Damn you! Bringing this vid out when I'm at dinner. Got to watch later. Gave a like just because i know it will be good.
@PriceActionVolumeTrader
Жыл бұрын
Lol
@RenkoFlow
Жыл бұрын
Seen it. Solid info. Thx
Great explanation! Is it possible to obtain your chartbook? I think you arranged it very beautifully and compact for just one screen
@PriceActionVolumeTrader
8 ай бұрын
I share a free footprint and a market profile chartbook on my website. As for a complete chartbook including those plus my daily and session charts, custom indicators, etc I share that in my Orderflow Day Trading course.
Support and resistance with this strategy
realmente é uma colocação inteligente, hoje mesmo acabei vendendo o fundo de uma grande área e acabei tomando um calor do mercado
Will incorporate VP indicator in trading as I see its value. Still working on method.
@PriceActionVolumeTrader
9 ай бұрын
It is my favorite tool.
So say for example price breaks above the low volume node that was once resistance, resulting in price discovery. That low volume node then becomes support correct?
@PriceActionVolumeTrader
4 ай бұрын
You would expect support yes. It’s not guaranteed to hold, especially in price discovery as there is not a lot C of built up volumes there but yeah.
Do you have any suggestions for how many vol at price bars to use for a few time frames?
@PriceActionVolumeTrader
10 ай бұрын
It varies by instruments. I use tick charts, not volume. But overall for ES (sp500) during regular market hours I like the 3000t chart. So 3000 vol would be somewhat similar. But this is a personal preference. All you are doing is splitting the same data in different ways (minutes, # of trades, volume of trades, ranges, etc). So you just need to set yourself in a way that you gets you the best signals for your market.
From what I see, the Volume Profile still trumps over Order flow like the Delta Profile etc. Could be wrong though, but It was greatly contradicting the LVN level in extended hours session.
@PriceActionVolumeTrader
Жыл бұрын
Yes, for me VP is king. Orderflow just helps me see some confirmation signs of absorption and high volumes kicking in certain areas.
Great content. Since the forex market is decentralized, it is difficult to get the entire volume and hence the volume profile methods becomes useless. Are you using the futures forex volume data instead? Thank you very much.
@PriceActionVolumeTrader
Жыл бұрын
No, I use the spot forex VPs. They are calculated with tick movement data based on price movement instead of traded volume and it is definitely useful and accurate.
@goodlife7018
Жыл бұрын
@@PriceActionVolumeTrader Thanks. Do you need a broker to get that data feed? or a regular trading view chart would do it?
Hello sir may I ask how you customized your chart to get a delta volume profile the way yours is showing
@PriceActionVolumeTrader
10 ай бұрын
I have a whole video about it here in my Sierra Guides playlist: Sierra Chart Guide - How To Make a Delta Volume Profile kzread.info/dash/bejne/ho6rj5OOYZeqqpc.html
Sir like I am applying this on weekly and daily so should I take trade on weekly and daily chart ? Or can I take trade in 4 hour time frame with weekly . Daily support/resistance?
@PriceActionVolumeTrader
2 ай бұрын
I always combine several time frames. Generally daily, hourly and then s low 5min or tick chart to execute day trades
Sir! What is the winning rate use VP??
@PriceActionVolumeTrader
5 ай бұрын
There is no answer to that. It is all completely based on the individual trader. Their patience, discipline, understanding of context, etc.
@mcol59251
5 ай бұрын
Cannot get anymore honest then this. Awesome
Anyone know how to get a flexible volume profile on TradingView?
@PriceActionVolumeTrader
Жыл бұрын
What do you mean by flexible?
@jackcoletti
Жыл бұрын
@@PriceActionVolumeTrader like you can drag the area you want to see price action in
@PriceActionVolumeTrader
Жыл бұрын
That's the fixed range VP. There is a drawing tool for it in TradingView on the left side menu under the 6th icon. You do need a paid Pro account to use VP tools though.
Good man. Lots of good info here compared to what I’ve seen.
@PriceActionVolumeTrader
12 күн бұрын
I appreciate that!
🔥🔥
The indicators you are using is free ?!
@PriceActionVolumeTrader
Жыл бұрын
No. Both TradingView and Sierra Chart require s membership to use the volume profile tools.
@sherkhan-ks2qj
Жыл бұрын
@@PriceActionVolumeTrader yes but tradingview doesn't have the order flow and delta indicators, it has only volume profile.
@PriceActionVolumeTrader
Жыл бұрын
So you need Sierra Charts or another platform that does
Amazing advice I wished that i saw this video before blown up my account because of this mistake.
@PriceActionVolumeTrader
3 ай бұрын
Yep. We’ve all been through it.
Great video, thank you.