🔥 Hi friends! Today we will talk about a very important trading tool that can give you 70% win rate if you will know how to use it as a pro trader. This tool is a volume profile. 📊 WHAT IS THE VOLUME PROFILE? The volume profile is a real traded volume. Unlike the usual vertical volumes that show the amount of volume traded over a certain amount of time, the...
HI Guys, I will bring here an example of operation, follow the thread On that day, I observed prices trading in a strong resistance zone and close to the 200 descending EMA, so I looked for sales with targets in the support zones. I ended up taking my first take at $1.85 and I went with the targets plotted on the screen as an objective. Yesterday the price...
Multi timeframe analysis of the S&P500 Index using the Ichimoku Kinko Hyo with original 9,26,52,26 settings, i have also added Volume Profiles (VPVR) and (VPFR) onto the charts. 1 DAY CHART: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is upwards at the moment. This will possibly change to...
Suggested accumulation zone: $5,910 - $8,630. This is where the bulk of the volumes lies in the past 27 months. VPVR shows point of control as $6,263 from the rally in September 2017 from mid $3ks until January 2020. Declining volume implies a breakout in the not so distant future. Above $11,500 there is declining volume. DYOR.
Just taking a wider TF look at the pair. We can see a much clearer picture of a the possible ascending triangle that is printing. Weekly supply zone in green denotes the resistance at the top of the triangle. The W1 chart suggests that a clean close above that resistance should have price targeting the orange zone just below the weekly HVN. The D3 chart shows that...
Just a example to show how gaps in the Volume Profile caused during fast falls or rises in price are filled at a later date. The gap between 4200 down to 3800 during the drop on 24th November was filled just over 24 hours later. The left window shows the volume profile prior to the drop and up to the bottom of the drop. The right window shows the volume profile...
Here is a Volume Profile strategy I use.
Longing here & giving a quick lesson on how to use high & low volume nodes with the VPVR. Price will often move from HVN to HVN while blasting through LVNs where there is a low amount of orders/low liquidity. You can use this to find S&R levels and price targets.