How to use volume analysis to find key levelsVolume analysis is a vital advantage to us traders, it helps every type of trader, from day traders like us all the way to swing and trend traders.
Volume analysis helps us see where key levels are and what type of market sentiment we might have, bullish or bearish!
This video specifically focuses only on the POC, we will make a second video detailing all the other tips regarding volume profile
Volume
The power of the VWAP!As day traders we use the VWAP lots in our trading and have even created custom versions of it which help us manage our trades.
In this video I go over exactly what happened to US30 / Down Jones at the Frankfurt open and the New York open, and by using the VWAP today we could have taken advantage of these moves, both up and down!
Do you use the VWAP? Let us know in the comments below!
Also attached to this video are other educaitonal videos you might find value in!
How to use Volume Bar Breakout and Breakdown IndicatorThis tutorial provides guidance on how to use "Volume bar breakout & breakdown Indicator" Indicator. It explains
When not to take entries
How to setup Stoploss and Target
what timeframe to use for equities and commodities but you can decide as per convenience
TA 101: Understanding VolumeVolume represents the total amount of trading activity in that market for that timeframe. The volume is an indicator of great importance and helps us with crucial information on selling or buying the stock.
General rules:
Volume is an independent variable from price.
Volume typically goes with the trend. For example, in a bullish cycle, the up volume is usually larger than down volumes. There is no forecasting value in this. If we have a growing trend, we also have a strong growth trend and then a volume in the stock market or forex trading. So a combination of rising volume and the rising price is normal.
Volume divergence : Volume normally leads price during a bull move. A now high that is not confirmed by volume should be regarded as a red flag. This is called volume divergence. Volume divergence is abnormal and either warns of an impending trend reversal or emphasizes the significance of any breakouts.
Total disinterest : When the price volatility shrinks to almost nothing, and volume does the same this indicates total disinterest. When the situation is finally resolved, this is often followed by an above-average price move. The quieter the price and volume action relative to preceding downtrend, the more explosive the subsequent rally is likely to be.
Very narrow trading range indicates buyers and sellers evenly matched. Extremely low volume indicates fine technical balance. Price decline and volume expand as a bearish signal and vice versa.
Bearish Signs
Parabolic blow-off is an event when the price hits ATH and the Volume explodes and is as large as last a few days of trading combined. This is a bearish sign!
Rising volume on a downside breakout of moving averages or trend lines is a bearish sign.
Sideway trend with increasing volume which is happening after a recent uptrend is considered a bearish signal.
Small rounding top price movement with rounding bottom volume is abnormal and is a bearish signal.
Bullish Signs:
Selling climax is the opposite of parabolic blow-off. It occurs when the price falls under a certain level and panic selling is triggered. That is a bullish sign.
Low volume at lower prices is a bullish sign. This could occur in double bottoms or bear market when the price goes slightly lower than the previous trough, but the volume is significantly lower at the new low.
Heavy volume on a sideway trend after a decline is usually a very reliable signal that the bottom has reached.
How to use the Tick and Price Action Indicator for NQ 5 minuteHow to use the Tick and Price Action Indicator in concert with Value Area for NQ 5 minute
1) Identify the fibonacci extensions based on previous day value area
2) Activate developing VA for the current day
3) Apply the Tick and Price Action Indicator and follow the arrows and colours
4) Enter only if NQ is trading outside of the current day Value Area (see your developing VA for this as outlined in step 2)
5) Use the fibonaccis in step 1 for support/resistance
Short squeeze by swing Trading with daily or hourly chartIt's simple to understand video on how you can profit from short squeeze by swing trading using daily or hourly or any intraday time frames. this video should help you understand how trade these kind of category stocks with potential. if anything to be clarified, please do write me back. Thank you.
Indicators For A Volume Profile Based Trading StrategyVolume Profile has been popular among futures traders since the beginning of electronic trading and the introduction of TPO charts. I use several scripts from the TradingView Volume Profile Suite for a trading strategy I'll teach in a upcoming video. For now, here are the scripts and indicators applied to the charts I show in this, and past, recordings.
Indicators on the 30m Chart:
Volume Profile > Session Volume HD
PriorDayOHLC (Available in the Public Library)
233 EMA (Built-ins)
Indicators on the 5m Chart
Volume Profile > Visible Range
VWAP Stdev Bands v@ Mod (Available in the Public Library)
Interesting observation with the Volume Profile...DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
ETH vs. BTC - Who's the likely winner?DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
How to find potential strength ; )DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Simple Renko Trading Explained - Pt. 1DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
April 1, 2021 - Opening Range-Initial Balance Trading the NQIn this video I will show you how I took a very common setup with the OR/IB indicators. The setup is to fade the first touch of the IB range, after the range has been set. As you can see, price rejected at the IB high and came down to tag the Overnight High (the magenta line).
This trade netted about 50 points on the NQ.
Five types of major support and resistance levelsWant to buy the bottom and sell the top? Want to predict major turning points in a security's price? Want to avoid buying too early or selling too late? Then you need to understand support and resistance levels!
I know a lot of people who mostly trade breakouts. That can be a very successful strategy, and I've used it myself to good effect. But if you buy a breakout after it happens, you pay a "breakout premium"-- especially if you're buying option calls or puts. You'll get a much better price on options if you buy them *before* a breakout or *before* a major change in momentum. How do you do that? Know your support and resistance levels!
Once you know how to identify the different types of support and resistance, you can look to see where several different types of support or resistance coincide . Those will be key price points at which different types of investors who rely on different types of indicators will all buy or sell at the same time.
Money Flow Index (MFI)MFI is a momentum indicator.
It measures the flow of money.
Money Flow Indicator incorporates volume. (Remember that RSI only consider the price)
You can change the preset values.
Oversold levels normally set to 20. ( Less than 20, there will be fewer signals and more than 20 you will get more false signals )
Overbought levels happen above 80. ( More than 80, there will be fewer signals and less than 80 you will get more false signals )
Divergences are also important which I will cover in another video.
The market does NOT care about your target.DISCLAIMER: Trading Forex involves risk and you may lose more money than you started with! These posts are not to be taken as trade recommendations or financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.