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Volume Profile

NZD/CHF: Volume Profile 📊 and Price Action Analysis 📋Hello guys, today’s day trading analysis will be on NZD/CHF. There is a very nicely looking volume-based setup called the “ Volume Accumulation Setup “ First, there was a rotation in which heavy volumes got accumulated (traded). You can see the volumes on the Flexible Volume Profile indicator below. Then, after the big guys (trading institutions) placed their big trades there, they pushed the price upwards into an uptrend. This uptrend tells us, that the volumes placed in the rotation (blue rectangle) were Longs. This is an information we can work with. Now we know where strong institutional buyers placed a lot of their Long positions. It is around 0.6430. This are is now very important place for them. When the price makes it back to this heavy volume area again then, those buyers will want to protect it and to push the price upwards from there again. Most likely from the place where they placed the most of their positions (0.6430). The Bigger Picture – Weekly Volume Profile Let’s now check the bigger picture and have a look at the Weekly Volume Profile. The Weekly Volume Profile shows how volumes were distributed throughout the whole week. I always check this profile with all my intraday trades. The ideal scenario is when the trading levels I pick are nicely visible there. The reason is that the Support/Resistance will not be important only for traders on the lower time frames, but also for traders who are trading higher time frames. In this case, it couldn’t be better! Our 0.6430 Support lies exactly at Point Of Control (POC) of the week. This means that the heaviest volumes this week were traded there. This makes the 0.6430 a very important. The Weekly POC is a very strong place to trade from, even if it was just on it’s own, without any other signals/confluences. Price Action Setup Another nice confluence is a setup called Resistance →Support . In short, it says that when a Resistance gets breached it then becomes a Support. This is one of my favorite Price Action Setups. If you look at the picture below, you can see that the price bounced very strongly of the 0.6430 area in the past. This means it was a Resistance. Then, as the Resistance got breached it then became a Support. Summary All in all we have three signals that confirm our 0.6430 Support. They are: 1. Volume Accumulation Setup 2. Weekly Point Of Control (POC) 3. Resistance → Support Price Action 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
How to use Session Volume HD to study price and volumeSession Volume HD was created to add a new level of detail and precision to studying price and volume for each session of trading. Session Volume HD dynamically adjusts to show you more data as you zoom in and out of the chart. Think of Session Volume HD like a magnifying glass for studying volume and price. What price levels are attracting the most trading volume? How does that change as we zoom in or out of a specific trading session? With Session Volume HD , the more you zoom, the more detail you will see about price and volume for a specific trading day. It's a perfect tool for traders and investors who quickly zoom in and out and change their chart resolution. In the example above, we are looking at two charts of Tesla both set to different timeframes and resolutions. Do you see the difference between the Volume Profiles shown on each chart? The chart on the left is a daily chart dating back to November. The chart on the right is a 65-minute chart zoomed in on only the last few days of trading. Both charts are using Session Volume HD to display a Volume Profile analysis, but each chart shows a different level of detail. That's because the Session Volume HD tool is dynamically adjusting as we zoom in or out. In other words, as the zoom increases, more volume profile levels are displayed. As you begin to understand and use Session Volume HD , it's important to remember that the tool can be customized to your needs and observations. Open its settings to get started. Every trader and investor has their own methodology and these settings will help you create your own unique style of research: Point of Control ( POC ) – The price level for the time period with the highest traded volume . This the red line shown on both charts within each Volume Profile region. Up Volume - Determines the color for the Up Volume or points where buying occurred and price increased. Down Volume - Determines the color for the Down Volume or points where selling occurred and price decreased. Value Area Up - Determines the color for the Value Area Up or where buying occurred in a high volume zone, say 70% of all tradable volume . Value Area Down - Determines the color for the Value Area Down or where selling occurred in a high volume zone, say 70% of all tradable volume . Profile High – The highest reached price level during the specified time period. Profile Low – The lowest reached price level during the specified time period. Value Area (VA) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion. Value Area High (VAH) – The highest price level within the value area. Value Area Low ( VAL ) – The lowest price level within the value area. We hope this tutorial helps you understand the power of Session Volume HD and other Volume Profile tools. More importantly, we hope it helps you understand all of the features, customizations, and functionality that come with them. Session Volume HD is one of the Volume Profile tools available to you and it's particularly helpful when zooming in and out of the chart, changing timeframes, and looking for additional detail as you study a specific session of trading. Thanks for reading and please leave any feedback or comments below. If you want to see more Volume Profile tools or features - we want to hear about it! We just may build it for you.
NASDAQ:TSLAEducation
by TradingView
75
November 1 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Two-Day Balance, 100% Retracement Level And LVN Below $3,200. Technical: Broad-market equity indices ended the week lower with S&P 500 retracing nearly 100% of the rally that began after the September sell-off. During Last Week’s Action: Alongside a materialization of the Federal Reserve's growth risk factors -- a lack of fiscal support, resurgence of the COVID-19 coronavirus, as well as a tightening of financial conditions -- U.S. index products showed increased confidence in their exploration lower. Going back, last week started off with a clear break from balance and acceptance below the October 22 excess low, which suggested a change in directional conviction. The selling intensified, after a failed response at the $3,370 high-volume concentration, and continued into Friday’s close, through the $3,330 level, which marked the upper boundary of a low-volume concentration, initially formed by upside directional conviction. Given Friday’s end-of-day rotation, away from value, the week ended within a two-day balance area, providing a clear trading framework for the week that follows. Therefore, if participants were to initiate and spend time outside of the balance area, then it's likely the market will continue in that particular direction. Otherwise, prices will remain range-bound, favoring short-term, responsive trade. Fundamental: Alongside a resurgence of the COVID-19 coronavirus, in a commentary, Bloomberg discussed the notion that the fear of COVID-19 is more impactful on the economy. In support is the following statement by Variant Perception, an independent economic research provider. bloom.bg “As long as policymakers and the media present a more alarmist view of the virus’s impact than can be justified by a dispassionate analysis of the data, recoveries will continue to stutter. On the other hand, an easing of the fear portrayed would likely allow recoveries to accelerate at a much faster rate.” Continuing, Moody’s Capital Markets Research finds that medical professionals claim a second COVID-19 wave will not exact the same toll on hospitalizations and deaths. bit.ly With that, Bloomberg adds that the focus on mandatory lockdowns is overdone since the mere idea of catching the deadly virus invokes voluntary social distancing, which has a greater impact on mobility than the lockdowns. This is validated by IMF data which found that the lifting of the lockdowns generally had a more limited impact than imposing one. As a result, Variant Perception suggests that negative coverage of COVID-19 be lightened. Key Events: Monday: Markit Manufacturing PMI, ISM Manufacturing, Construction Spending, Presidential Election. Tuesday: Factory Orders. Wednesday: MBA Mortgage Applications, ADP Employment Change, Balance of Trade, ISM Non-Manufacturing Business Activity, ISM Non-Manufacturing Employment, ISM Non-Manufacturing New Orders, ISM Non-Manufacturing PMI, ISM Non-Manufacturing Prices, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change. Thursday: Continuing Jobless Claims, Initial Jobless Claims, Fed Interest Rate Decision, Fed Press Conference. Friday: Non-Farm Payrolls, Unemployment Change, Average Hourly Earnings, Average Weekly Hours, Nonfarm Payrolls Private, Participation Rate, Wholesale Inventories, Consumer Credit Change. Recent News: The U.S. faces the biggest week of 2020 with the election, Fed, and jobs report. bloom.bg High-yield spreads are showing a muted response to ultra-high equity volatility. bit.ly Independent traders doubt new lockdowns in Europe will lead to a further oil rout. bloom.bg BlackRock Inc (NYSE: BLK) will benefit from its 2021 ETF expansion in Brazil. bit.ly Chevron Corp (NYSE: CVX) and Exxon Mobil Corp (NYSE: XOM) cut spending. reut.rs Honeywell International Inc (NYSE: HON) profit beats as cost cuts soften sales hit. reut.rs The October equity market sell-off anticipates a meaningful drop in business sales. bit.ly Tech companies will have to explain how algorithms work under a new EU ruling. reut.rs Johnson & Johnson (NYSE: JNJ) plans to test its COVID-19 vaccine in ages 12-18. reut.rs Cboe Global Markets Inc (BATS: CBOE) tops profit views as retail activity supports. reut.rs Under Armour Inc (NYSE: UA) sees demand for sneakers, masks driving revenue. reut.rs Walmart Inc (NYSE: WMT) unit Sam’s Club and DoorDash team on medicine delivery. reut.rs Joe Biden’s clean-energy ‘revolution’ faces challenge to match fossil-fuel jobs, pay. reut.rs U.S consumer spending beats forecasts; worries over decreasing government money. reut.rs Federal Reserve cut loan minimums, easing terms for Main Street Lending Program. reut.rs Key Metrics: Sentiment: 35.3% Bullish, 29.4% Neutral, 35.3% Bearish as of 10/28/2020. bit.ly Gamma Exposure: (Trending Lower) -78,315,991 as of 10/30/2020. bit.ly Dark Pool Index: (Trending Neutral) 43.6% as of 10/30/2020. bit.ly Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
2
Why Holding Current Support is Important for QQQThis is a volume profile drawn across the span from bottom in March to peak on September 2nd. It shows why the current support area needs to be held. If we break through that support area, there will be another step down without volume to hold the price up. History is important to learn. Go back to previous corrections and use the Fixed Volume Profile tool to draw from bottom to top of an uptrend before a correction. You can find these patterns supported by volume in many places. The opposite is true too, you can find resistance gaps that can be a good buy signal in an uptrend as well. Apply the same technique to equities.
NASDAQ:QQQ
by drewby4321
1