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Volume Profile

The ART of the Fade.Tilray is a Cannabis stock, but the importance of this post is the art of fading. I have numerous posts on Volume profiles and how and why they are very effective, and have kinda made it a mission to show you how great they are! Here I am showing you how to fade around value, notice the profile, notice how price is trading sideways in this range and building mass of orders, I have used the two blue horizontals to show the outerside of range, and look how price has acted! Absolutely beautiful fades back into Value! honestly so beautiful. Price attempts to break the outside boundaries before being turned around and heading back into the mass of orders, it is truly beautiful. The takeaway from this post is the importance of using a volume profile in trading, as the big boys are! step up your game now!
NASDAQ:TLRYEducation
by ZenFlo
2
Volume Profile and why you need it.Volume profile is an underused and quintessential part of trading, it tells you build up of orders, it tells you fair price, and it tells you where the majority of the liquidity is. You can see in this chart, I have taken it apart piece by piece to show you the basic mechanics and why price moves the way it does, now be honest, how many of you rushed into selling GU last minute because the price was collapsing? Well the funny thing is despite not being alone in doing so in the retail trading world, big banks and instituitions were already two steps ahead as expected, check the Volume profile, notice how it declined on a massively falling currency, what this is telling you is that the amount of exchanges is very low, as the shorters pushed price down they began to close positions, also what would have happened is the amount of retail money and money that isnt associated to high end firms would have started to see negative positions so what do they do? they have to close these sells with buys! so not only are the big banks taking profit, they are also using you as rocket fuel! as the masses of small money becomes negative/trapped/stoplosses, price reacts in an equal and opposite reaction, price rallies. So where is price heading too? it is heading back to an area where it can happily trade, and this is shown by larger bars on the VP, price wants to be happy, to be happy it needs to transact alot! So two takeaways... One, dont rush into falling or rising currencies! as they are heading into areas of low volume and will use mean reversion to run you over... Two, Utilise the fact price has low VP build up to your advantage! use price action and catch moves like that GU rally back to an area of more transactions! and a final little trick, use the VP to tell you if your orderblock is real or a figment of your imagination! feel free to drop some questions below, I may have to make more posts on VP for it to make sense. Maybe I will also make some posts on examples of trading using it, and what to do and not to do. Thinking about it, there is more posts to do, I need to show how to trade mean reversion and 'mountain to mountain' tactics. Hope you find this post interesting, as I take a journey of taking back the layers of many traditional strategies, indicators and the deeper world of maths, I am doing this to try help new traders actually get somewhere! So please give me a like and a follow, I want to expand my reach here on tradingview :) All the best ZenFlo.
Education
by ZenFlo
5
TSLA - What happens now?!TSLA had a great earnings on 4/20/22. They beat expectations and bulls rejoiced, sending prices soaring in afterhours. No one expected the slaughter that would come 4/21/22. TSLA immediately began crashing and finished the day erasing most of the gains from pre-earnings. IV was crushed, share prices were left in tatters, and everyone started in horror as the retail king dumped 6% with almost no support from the once-thrilled bulls. What happens now? Judging by the points of control (POCs) from multiple session volume profiles it would appear as though there is a concentration of both control and value between $985 and $1016 with a low of $962. If prices can't catch support then the untouched POC at $982 is a logical point to target for anyone playing short or bearish positions. There is one caveat to all of this... I sincerely doubt that prices drop freely and easily, allowing all of those puts to print. Games are afoot in this market so be careful and take nothing for granted. An alternate scenario would be a bounce-up from the current horror show with bulls shaking off the rate hike news and realizing that TSLA is still a powerful company with a potentially bright future. Investors can make the difference here.
NASDAQ:TSLA
by TradingTacticsPro
LYFT Downtrend Range 2HRLFTY has seen a downtrend range since March 21', and keeps making lower lower and lower highs. Chart may look a little messy with the VPA, but here are the notable things about this pattern: -Both support and resistance have had 2 high touches, with the 2nd touch nearing the resistance (support has had 3 touches) -The ellipse shows a Head/Shoulder formation, with the neckline confirming a sell on the break, further rolling LYFT down the hill -VPA suggests that the downtrends overall POC (shown in yellow) and the green POC show a average POC of $54.40-ish -Red VPA suggests there will be a battle of $50.50, however , most of this volume was realized this last earnings call - nearly 425k to be precise, so 'battle' might be closer to $48.48 (in between red and green POC's) -Nov. 5th gap. Historically, LYFT has had a decent rate of filling the divots, I expect this to not be different. -MACD in stagnant divergence over the past few days. Nevertheless, I believe LYFT will follow the trading bands for the moment, possibly making another touch on the support.
NASDAQ:LYFT
by Zeesna
NZD/JPY: Day Trading Analysis With Volume Profile 📊 On NZD/JPY is nice to see strong buying reaction from the price 77.7 , 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... Uptrend +Strong buying activity + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale