Get started

Volumeindicator

NZD/CHF: Volume Profile 📊 and Price Action Analysis 📋Hello guys, there is a nice day trading opportunity on NZD/CHF. Let me show you! There was a sideways price channel (a rotation) in the late US session yesterday and in today’s Asian session on NZD/CHF. From this rotation, a strong sell-off (downtrend) started. A rotation followed by a sell-off is what I like to see. Because this is how my favorite Volume Profile Setup looks like! Volume Profile Setup The setup is called the “ Volume Accumulation Setup ” and it goes like this: First, you want to see a rotation where heavy volumes got accumulated (you can tell by using a Volume profile indicator). Then you need to see a trend activity – in this case, it is the sell-off. This tells you that big trading institutions were building up their positions in the rotation area. Then they manipulated the price to go into a sell-off. This is important because it indicates that it was strong Sellers who were building up their Short positions in that rotation area. When there is a pullback into that area again, then it is likely that those strong Sellers will want to defend this area. They placed a lot of their positions there and therefore it is important for them. This is why they should push the price downwards from there again. This makes the area a strong Resistance. In this case, the Resistance zone is around 0.6567. This is where the volumes were the heaviest. Price Action Setup A nice thing about this volume-based Resistance (0.6567) is that there are more independent trading setups that confirm it. One of them is a Price Action setup called the “ Support→Resistance Setup “. This is super simple setup which says that when a Support gets breached it then becomes a Resistance. In our case, the 0.6567 area worked as a Support in the past. You can tell because the price bounced nicely off it. When the price went through that Support earlier today, the Support turned into a new Resistance. The cool thing is that this resistance is at our volume-based level, that we found using Volume Profile. I hope you guys liked today’s analysis! Let me know what you think in the comments below. Happy trading! -Dale
by Trader_Dale
2
NZD/JPY: Day Trading Analysis With Volume Profile 📊 On NZD/JPY is nice to see strong buying reaction from the price 75.92 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Weekly POC + Strong buying activity + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale
NZD/CAD Swing Volume Profile 📊 and Price action analysis 📋Hello guys, in yesterday’s article, I was talking about a trading opportunity that occurred after a strong trend day. It was a day trading opportunity on AUD/CAD . In today’s post I am going to show you exactly the same trading setup as yesterday, only on a higher time frame – on Daily chart . Such time frame is suitable mostly for swing trading (position trading). What I want to demonstrate with this is the versatility of Volume Profile setups. You can use these setups for intraday trading as well as for swing trading. Setups remain the same, only time frame changes (and of course, your Take Profit and Stop Loss values should be adjusted too). Let’s have a look at it then! Volume Profile Analysis There has been a strong downtrend since the start of March on NZD/CAD. Within this downtrend, there were three places where the price stopped for a couple of days. In those places strong Sellers were adding to their Short positions. You can see that nicely with my Flexible Volume Profile . Simply use the profile on the whole trend area, and the heavy volume areas will show up! In today’s analysis I am going to focus on the lowest one – the one which is currently the closest. This heavy volume area (=Volume Cluster) got formed around 0.8958. It is very likely that in this place strong institutional sellers were adding to their Short positions. Then they pushed the price downwards some more. When there is pullback to this 0.8958 area again, then I expect those Sellers to start defending this zone. It is an important zone for them. This is why I think it will work as a Resistance. The setup used is called the “ Trend Setup ” – the same setup I used in yesterday day trading analysis. Price Action Analysis What I like about the volume-based Resistance is that it nicely aligns with a Price Action Resistance. If you check out the chart below, you will see that the price reacted to this zone in the past. The price bounced off it. This tells us that it was a Support in the past. Now, when the price shot past that former Support, it became a Resistance. Yea – that’s exactly the same Price Action setup I showed you yesterday! Only yesterday, this was on 30 Minute time frame, and today I am using the same setup on a Daily time frame. The setup stays only time frame changes. The setup is called “ Support→Resistance ” and the main idea behind it is that when a Support gets breached, it then becomes a Resistance. It is the combo of those two setups ( Volume Profile setup and Price Action setup) that makes this Resistance strong. I look for such setup combos with all my trades. I hope you guys liked today’s swing trade analysis. Let me know what you think in the comments below! Happy trading! -Dale
by Trader_Dale
4
CAD/CHF – My favorite combo of 2 trading setups! 🦾🤖On CAD/CHF is nice to see strong buying reaction from the price 0.7413 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Resistance from the past + Uptrend + Strong buying activity + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale
3
BItTorrent BTTUSDT - New ATH, Ascending triangle +1000% GAINS!- BitTorrent is currently attacking new all time highs with record historical volume! - We can see an ascending triangle forming right at the all time high level. - Recently the price broke out of the head and shoulders pattern, congratulation to everyone who took last trade (HaS breakout)! - This trade provides us great RiskToReward ratio 22. - Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - For more information, please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
BLong
by UnknownUnicorn2537518
16
AUD/CHF: Volume Profile and Price Action AnalysisHello guys, in my “Weekly Trading Ideas” post from Monday, I was talking about Resistance on AUD/CHF. This Resistance has not been tested yet but there has been a new Support formed on this pair just yesterday! This Resistance and Support don’t go against each other. They don’t contradict each other. Simply put, when the price reaches the Resistance, then I expect it to go downwards from there. When the price hits the Support I am going to be talking about today, then I expect the price to bounce upwards from it. So, what is this newly formed Support based on? Weekly POC = Support Nothing less than the current Weekly Point Of Control (POC) ! Since Monday, the price has been going upwards. Then yesterday, there was a rotation and massive volumes were traded (accumulated) in this rotation. You can see this with the Volume Profile indicator. Then the price went up again. What does this tell us? It tells us, that Buyers who were pushing the price upwards were adding massively to their Long positions around 0.7110. When they were done with that, they pushed the price upwards again. We can work with this information, because now we know where strong Buyers placed a LOT of their Long trades – yea around 0.7110. As a bonus, this is the place where the heaviest volumes throughout this whole week (so far) were accumulated (= Weekly POC). When the price makes it back to 0.7110 at some point in the future, then I think it is likely that it will bounce off it and go upwards again. Why? Because the strong Buyers who were building up their Long positions will want to defend this place. It is an important level for them, because they placed a lot of their positions there. This is why i think this should work as a strong day trading Support. This setup is called the “ Volume Accumulation Setup “. I hope you guys liked today’s analysis! Let me know what you think in the comments below! Happy trading -Dale
by Trader_Dale
2
GBP/USD: Day Trading Analysis With Volume Profile 📊Hello guys, today’s day trading analysis will focus on GBP/USD. The first thing that caught my eye was the price development on 25 February. There was a rotation from which a strong downtrend started. Such a scenario is ideal to trade my Volume Accumulation setup. As you can see in the picture, I marked this rotation with a rectangle. In this rotation heavy volumes were traded (accumulated). The BIG trading institutions were entering their Short trading positions there. You can see this only with a volume-based indicator – like with my Flexible Volume Profile. But, how do we know those BIG guys were entering Shorts? We know because from this rotation (volume accumulation zone) the price shot downwards and a strong sell-off started. This indicates that strong sellers were building up their Short positions unnoticed (in the rotation area) and then they pushed (manipulated) the price downwards. Pullback to 1.4140 = A Good Trading Opportunity This is an information we can work with. We now know a place where strong Sellers placed a LOT of their Short positions. What will happen when the price makes it back to this area again at some point in the future? Those Sellers are likely to defend this zone. It is important for them – because they placed a lot of their positions there. They placed the most of them around 1.4140 – this is where the Volume Profile is the thickest. For this reason, this place should work as a Resistance. Strong sellers who placed their shorts there will want to defend this place. To push the price downwards from there again. This is how how the Volume Accumulation setup works and this is what I expect to happen on GBP/USD. I hope you guys liked today’s analysis! Let me know what you think in the comments below. Happy trading! -Dale
by Trader_Dale
1
AUD/CHF - A Lot of RED Candles? 👉 Find some short trade 👌 On AUD/CHF is nice to see strong sell-off from the price 0.7232 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Strong sellers + Downtrend + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
4
EUR/USD Resistance 🔪On EUR/USD is nice to see strong sell-off from the price 1.2227 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Rejection of higher prices + Strong sellers + Sell-off + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
1
CAD/JPY – My favorite combo of 2 trading setups! 🦾🤖Hello guys, today I am going to talk about my favorite combo of two trading setups. The first setup is based on Volume Profile and the other one on Price Action. What I want to see is these two setups align and both point to the same trading level. This is exactly what has occurred on CAD/JPY now. Let me start with the Volume Profile setup first. Volume Profile: Trend Setup There is currently a strong uptrend on CAD/JPY. When there is a trend, then I want to know how the volumes were distributed within the trend. For this, I use my Flexible Volume Profile indicator. In the picture below, you can see that I stretched it over the whole trend area. What I look for are significant volume areas (I call them “Volume Clusters“). Those are bumps on the profile. Those bumps represent places where heavy volumes got traded. When there is an uptrend, then I assume that those volumes are in important places for strong Buyers. Those Buyers were adding to their Long positions there as the price was going upwards. This is a Volume Profile setup which i call the “Trend Setup“. When the price makes it back (pullback) into those Volume Clusters, they should work as Supports. Those zones are important for Buyers and they will want to defend them. In the picture above, there are more of those Volume Clusters. I chose only one of them to trade. Why? Four reasons: It is the Volume Cluster with the heaviest volumes (Volume Profile is the thickest there). It is nice and “sharp” and you can easily see where the heaviest volumes got traded (83.86). Strong and aggressive buying activity started from there (those bullish candles above it). Confluence with Price Action setup. This is the most important reason and I am going to talk about it now PRICE ACTION: Resistance Turning Into Support This is one of my most favorite Price Action setups. It goes like this: First, you want to see that there was a Resistance in the past (you can tell because the price was bouncing off this area). Then you want to see this Resistance breached. When a Resistance gets breached and the price goes above it, then it becomes a Support. If you want to learn more about this strategy, then go here: PRICE ACTION: Resistance → Support I rarely trade this setup just on its own, but I absolutely love to combine it with volume-based setups. Like the one I showed you (the “Trend Setup“). The thing is, that in this case, both those setups point you to the same place. That’s what I want to see! This is the main reason I picked the Volume Cluster around 83.86 over all the others. I hope you guys liked today’s analysis. Let me know what you think in the comments below! Happy trading -Dale
by Trader_Dale
4
CAD/JPY – My favorite combo of 2 trading setups! 🦾🤖On CAD/JPY is nice to see strong buying reaction from the price 82.654 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Resistance from the past +Uptrend + Buying activity + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale
6
CHF/JPY: Volume Profile 📊 and Price Action Analysis 📋Today, I am going to give you one more example. I will show you this on the recent development of CHF/JPY. Yesterday, and today the CHF/JPY is trending strongly. There is an uptrend and Buyers are clearly in control. When there is such a trend, then I use my Flexible Volume Profile to look into the volume distribution within that uptrend. What I want to see there is some significant volume area (I call these “Volume Clusters”). Such area often represents a strong Support/Resistance zone. Volume-based Support Around 118.31 In this case, there was a really strong volume area formed around 118.31. This area indicates, that the Buyers who are pushing the prices upwards were adding massively to their Long positions there. This is what tells me that this is an important place for them. When the price comes back into this area again, it will still (most likely) be an important place for them. This means they will want to defend it. So, when there is a pullback to 118.31 at some point in the future, then those Buyers are likely to start buying aggressively in order to help the price stay above 118.31 and to push it upwards again. This is what should make this area a strong Support. This setup is one of the basic Volume Profile setups, and I call it the “ Trend Setup “. What do you guys think? Did you spot this Support too? Let me know in the comments below! Happy trading! -Dale
by Trader_Dale
3
USD/JPY : Volume Profile 📊 and Price Action Analysis 📋Hello guys, today, I would like to talk about a strong day trading Resistance on USD/JPY. The USD/JPY started a very strong downtrend. It has started yesterday and the price has been dropping until now. The price even shot past Point Of Control of the previous week, which was a strong Support! Clearly, sellers are now dominating here, and for this reason, I now look for Shorts. The “Trend Setup” When there is a strong trend like now, I use my Flexible Volume Profile to look into the trend area. I look for “volume clusters“. Those are significant volume zones, that got created within the trend. This is a setup I call the “ Trend Setup “. The price was dropping, and when it stopped for some time, strong Sellers started to add to their Short positions. They entered most of them around 105.22. That’s where the “volume cluster” is the thickest. After that, they pushed the price even lower. Now, when the price makes it back to this 105.22 area it is likely that it will react there. The reason is that the strong Sellers who placed their volumes around 105.22 should defend this zone. It is an important level for them. This should push the price downwards from there again and that’s why it should work as a strong Resistance. I hope you guys liked today’s analysis! Let me know what you think in the comments below. Happy trading! -Dale
by Trader_Dale
4