Mastering the Anchored Volume Profile: Setup & Tutorial on TVMastering the Anchored Volume Profile: Setup & Tutorial on TradingView 📊
The Anchored Volume Profile is a powerful tool that traders use to visualize volume distribution over a specified price range, providing critical insights into market behavior. Here’s a detailed description of its setup and usage on TradingView:
In this video, we will be going in-depth into the following areas:
What is the Anchored Volume Profile?
The Anchored Volume Profile is a specialized indicator that helps traders understand the distribution of traded volume at different price levels. Unlike traditional volume profiles that analyze data over a fixed time period, the anchored version allows traders to anchor the volume analysis to specific bars, candles, or price points.
Why Use the Anchored Volume Profile?
Identifying Support and Resistance Levels: You can easily identify key support and resistance levels by analyzing where the most volume has been traded.
Spotting Trends and Reversals: High-volume nodes can indicate areas of strong interest, helping to predict potential trend continuations or reversals.
Improving Entry and Exit Points: Knowing where the market participants are most active can significantly enhance your decision-making process for entries and exits.
How to set up the Anchored Volume Profile on TradingView:
Add the Anchored Volume Profile Indicator:
Click on the “Indicators” button at the top of the chart.
Search for “Anchored Volume Profile” in the search bar.
Select it from the list and apply it to your chart.
Anchor the Indicator:
Click on the anchor icon that appears on the chart.
Drag it to the specific bar, candle, or price point where you want to start your volume analysis.
Customize Settings:
Adjust the settings to suit your trading style. You can modify the range, color, and other parameters to better visualize the data.
Using the Anchored Volume Profile:
Analyzing Volume Nodes: Identify high and low volume nodes. High volume nodes often act as support or resistance, while low volume nodes might indicate potential breakout areas.
Understanding Market Sentiment: See where the majority of trading activity has taken place to gauge market sentiment.
Making Informed Decisions: Use the insights from the volume profile to make better-informed trading decisions regarding entries, exits, and stop-loss levels.
Volume
EURJPY - Using Technical Tools To Pin Point Key LevelsFINALLY we're seeing some movement in the markets. Now the question is "what do we do next?"
in this video we're going to break down the EURJPY, looking at both Bullish Trend Continuation 7 Bearish Counter-trend trading opportunities.
More importantly I'm going to walk you through how I use various technical tools to take a large prediction zone & make it more manageable.
Please leave any questions or comments that you may have below.
Akil
NVDA Bearish Elliott Wave AnalysisDisclaimer: I did this analysis with a strong bias that the market is overrun and purposely look for a bearish case for NVDA since it seems to be the one stock that is forcefully pulling the indices up. All other usual way of analyzing waves will give NVDA a target above $153.
In this analysis, I gave the following points:
1. On the weekly chart, we can see a clear downtrend in volume (can be seen on daily too).
2. RSI divergence on the daily.
3. An irregular correction W-X-Y-X-Z.
4. Fibonacci Target of the last wave.
Please use this with caution and only as a reference on how a bearish case for NVDA could be.
Weekly Forecast - Bullish Dominance On DXY Until Further NoticeDXY: We're looking at the weekly range for HTF perspective and it's painting a clear picture. Price is hovering just below 1W equilibrium and so highly probable that we will mitigate this level. I've scrapped the 1D fib ranges as these were arguably a bit too subjective given I could project the retracement from multiple levels. 4H is still bullish and until price begins indicating otherwise I'll be looking for continuation higher on the dollar. This positions me as bullish dollar pairs and bearish dollar cross pairs but upon a closer look, not all pairs are that black and white.
My bias on the respective pairs for the week is as follows:
DXY - LONG
EURUSD - SHORT
AUDUSD - NEUTRAL
GBPJPY - LONG
USDJPY - LONG
As always, will provide a daily update as the market develops.
Weekly Forecast - Dollar Sell-off Looks AttractiveWhile price has been largely corrective on the dollar, price continues to trade lower in that corrective manner so instead of anticipating the deeper correction (which will come sooner or later), We should focus on what price is doing right now and trade accordingly.
GBPJPY & USDJPY both had aggressive sell-off's out of key daily areas last week, which makes achieving the daily downside targets highly probable. I'll be monitoring the current correction on both these pairs for continuation lower.
EURUSD & AUDUSD are both not on watch due to daily upside targets being achieved and no longer trading within a daily range as per my plan so I'll be risk off on these until the respective 4H structure's shift to the downside and a counter-trend is established towards fresh 1D EPD. Further upside appreciation can be expected on both these pairs in line with the DXY bias.
GBPJPY Bullish Continuation Trade w/ Lots of ConfluenceWe've got a classic trend continuation trade on the radar today & in this video I'll show you exactly why I think this opportunity is so great & how I project profit target levels using structure, Fibonacci, Volume and more.
Please feel free to share you views, charts, etc below. And if you like these videos please show your support by hitting that rocket ship!
Akil
30% GAIN with Break and retest Premarket Low Strategy In this video, I'll walk you through how I achieved a 30% gain using the Break and Retest strategy based on the premarket low. I'll explain how to identify key levels, set up the trade, and manage risk. You'll see the entire process, from analysis to execution, with clear examples of how the premarket low acts as a pivot point for entries and exits. Whether you're a beginner or experienced trader, this strategy could help you make smarter trades and capitalize on market movements. Watch until the end for tips on improving your own day trading setups!
3 Reasons Why Insider Selling Wont EndInsider selling is like a mole rat on a farm
they are hard if not impossible to
get rid of infact, some farming
experts say mole are good for the soil
fertility
i was watering a ground where a mole
had made a tunnel,
and i noticed that where the moles
had not drilled into the ground
the vegetables are not growing well
as compared to where the moles had
drilled underground tunnels
Its a very similar concept
when it comes to trading the
only difference here is that:
1-Insider selling gives you a map of what to do
2-Insider selling is public information
3-Insider selling helps you as a trader
In insider selling is good because it will
help you find the right trades
Watch this video again to learn more
about this
Also rocket boost this content to learn more.
Disclaimer:Trading is risky you will lose money
wether you like it or not
and so because of this please
learn risk management and
profit taking strategies
before you engage in trading.
SPY Puts Reversal Strategy Great trade setup for some puts. This is all I do. Look for signs that the buyers are tired at a resistance level in this case it was the pre market high and on the 15min chart we got a confirmation broke it down to the 5, 3, and 2 min charts and got a good entry. Averaged down on the pops and saw some great downside.
Lesson from my WINS August 22 2024I go over my trades from today I made $50. I started off with a bad trade but started using the 10 and 15min charts to confirm with the 5min more and it paid off and I had some good trades. I still need to be more aware about when to hold or let my runners run. Over all I am happy with today I felt a lot more patient and disciplined while waiting for my levels and confirmations with volume.
How to Use Fibonacci Retracements with Supply and Demand on SPYI go through an A+ setup that made me some money today on SPY. I love this strategy because it is simple and easy to learn you can also manage your risk well. Let me know how your trading day went in the comments and let me know if you have any questions.
Lessons From my Losses August 19th 2024 Today the price action again was not ideal. I talk about not getting into trades based on FOMO and overtrading, which I did today. I am a little upset with myself as I was not disciplined. I showed a trade with great confirmation on the 15-minute chart I missed. Let me know what you guys think in the comments and tell me about how your trading went today!
August 18th Weekly Watchlist LevelsI go over my weekly levels. Overall I think we have a lot of potential this week to keep moving up before elections. We also have a lot of possible gap fills on QQQ and SPY. Thanks for watching my videos and learning with me if you are new to watching my videos. I appreciate all of the love I got from my last video. Leave a comment with how long you have been trading for in the comments if you are new to my profile :) Lets make some good money this week everyone!!!