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EUR/JPY: How to Combine Volume Profile and VWAP 📊 Today, I would like to show you a nice confluence of two trading strategies on EUR/JPY. The analysis I am going to do will be an intraday trade analysis and I will do it on a 60 Minute chart. Volume Profile analysis The thing which got me interested first in this chart was a tight rotation, which was followed by a rejection of higher prices and then an immediate sell-off. The reason why it caught my eye was that a tight rotation followed by a sell-off is what I look for in my Volume Accumulation trading strategy. What I also want to see with this strategy is heavy volumes traded in the rotation. In this case, those volumes were really easy to spot because they show very nicely on the Weekly Volume Profile. If this wasn’t as easily visible on the Weekly Volume Profile then I would use my Flexible Volume Profile to look just into this rotation area. However, in this case, there was no need for that. So, what I think happened there was that sellers were accumulating their selling positions in the rotation area (blue rectangle). Then they rejected higher prices aggressively, and then they started the sell-off. Now the price is slowly making it’s way upwards. If the price gets in the heavy volume area again, then those sellers who were accumulating their shorts there will want to defend this area. They will want to defend their short positions! What I think will happen is that those sellers will start aggressively selling again and they will push the price downwards again. This is why I think this will work as a resistance (around 116.62 ) There doesn’t need to be another sell-off from there again, maybe just 15-20 pip reaction. But even if it is only this small reaction then it should be enough to take an intraday trade there and grab a quick profit. Weekly VWAP confluence What I also like about this resistance area is the Weekly VWAP, and mostly it’s First deviation (the grey line). The upper first deviation of this week hasn’t been tested yet and it is almost exactly at the resistance which I identified using the Volume Profile! If the price touches this 1st deviation then I expect a selling reaction. And it does not need to be today. It can also be the next week… This is the kind of trading signal I like to see most! When a Volume Profile strategy points to the same level as VWAP trading strategy then this creates the strongest trading levels. hope you guys liked this analysis, let me know what you think in the comments below! Have a nice weekend, stay safe and happy trading! -Dale
by Trader_Dale
TTEK - prepare for the HOTSHOT!!!Hi traders, I am here again with an analysis of the stock market . My favorite ticker for today is NASDAQ:TTEK . There are many confirmations for my thought, that we "will" go higher. Notice the quotation marks - the market shows us what is really right. Today´s video contains information about: 1) Insiders 2) High volume nodes 3) Low volume nodes 4) Fibo retracement 5) PinBars 6) Support levels 7) Inside-out trades and more... I believe that this trade is full of educational content and we are a small step to OPEN THAT TRADE. Have a nice weekend, Jakub FINEIGHT
NASDAQ:TTEKLong
by Fineight
2
TAL confident TRADE - INSIDERS FOMO entry???Hi traders, this video is slightly different because I would like to show you, how I analyze the market. Everything starts with fundamental analysis. INSIDERS are NOT my FRIENDS , but they know, what´s happening in their company. And I want to play like them . TAL ( NYSE:TAL ) trade was really interesting for me. I saw higher prices and INSIDERS rapidly increased their LONG positions. Compared to the SPY ( AMEX:SPY ) market, decline of TAL was very small! Another LONG sign. Once we have the fundamental analysis done, we can move on to the Price Action analysis (Support/Resistance, trend-lines, value area, major highs/lows). And what are the parameters of the trade I took? Entry: 51.74 SL: 44 PT: 67.01 The video describes what am I focusing on in the markets and I hope it will help you in your own trading. Good trading! Jakub FINEIGHT
AMEX:SPYLong
by Fineight
GARMIN upcoming RALLY? How to do ANALYSIS $$$Hi traders, today we have Monday, the first trading day of a week. I went through almost 1000 markets over the weekend and picked one market, which is in my WATCHLIST for the upcoming week ( in total there are almost 100 markets ). Why did I choose GARMIN ( NASDAQ:GRMN )? The answer is simple - we have plenty of educational material there : - Volume profile - Gap analysis - Low volume area - Trend-line - Finished business (Nobody wanted to TRADE LOWER prices) Enjoy the video and prepare your WATCHLIST! Good trading, Jakub FINEIGHT
GLong
by Fineight
$NEO$ LONG trade! INSIDERS with you!Hi traders, today is Friday and there is little time left to finally start the weekend - free time, cool... BUT not for a swing trader, haha. If you are a long-term trader you have to spend many hours during the weekend in front of a computer. You have to pick the best stocks with the highest possibility of a move and create the watchlist for the next week . And that´s work, I do every week. And what am I looking for? Fundamentals, INSIDERS - big changes in their behavior... I would like to share yesterday´s trade in the NASDAQ:NEO market, where INSIDERS believe in a continuation LONG move. = VERY STRONG PATTERN Entry point: 28.57 Stop-loss: 25.66 Profit target: 34.39 Have a nice weekend! Jakub FINEIGHT
NASDAQ:NEOLong
by Fineight
ALKS - INSIDERS SHORT sign + SPY WEAKNESSHi traders, I am going to share yesterday's trade with you, that we opened in our accounts. It was a SHORT in a market that is in a pretty nice downtrend. You will probably have a question - Why do you open short trade in this falling market? Because INSIDERS increase their SHORT positions - and that´s a SHORT sign ! Trading with them is much easier than against them. In the video, I focus on the volume profile too, and how to use SPY for the confirmation. Trade parameters ( NASDAQ:ALKS ): Direction: Short Entry: 15.90 Stop-loss: 18.44 Profit target: 10.79 Good trading! Jakub FINEIGHT
AMEX:SPYShort
by Fineight
Very "old" trend-line in Starbucks - **IT WORKS**Good morning traders, Starbucks NASDAQ:SBUX hit a very strong Trend-line. We connected two points that are several years away and it's really interesting because it really stopped the market! This analysis contains not only a description of the current situation but is also partly EDUCATIONAL. The video content is as follows: 1. Market Profile (PinBar) 2. Volume Profile 3. Value Area 4. Trend-lines 5. Gaps 6. Zone trading We combine these points to create the whole picture. In the future, we plan to set up an alert manager for this type of trades so we can share it faster. Have good trading, FINEIGHT team
NASDAQ:SBUXLong
by Fineight
Facebook STRONG SUPPORT level & How to see the structureHello traders, very strong support level raises our chances for a profitable LONG trade in the FACEBOOK market. NASDAQ:FB If you connect these points together, you will get the whole picture, what's happening in Facebook: PINBAR TRENDLINE POINT OF CONTROL ZONE VALUE AREA TRADING RANGE During this rough time it is difficult to follow the trading plan. BUT this ability separates winners and losers . Remember that! :) Good trading. FINEIGHT team
NASDAQ:METALong
by Fineight
EUR/GBP: Intraday Analysis With Volume Profile 📉Today, I will focus on the intraday analysis of the EUR/GBP. What caught my eye here was a rotation from which a strong sell-off started yesterday. Why it caught my eye? Because in a rotation, heavy volumes are usually traded (accumulated). Big trading institutions need a rotation to accumulate their big trading positions. They need time and liquidity. The rotation takes some time so that suits them. When a price rotates then it also means that the market found its fair price (fair value) – at least temporarily. And this means traders are willing to buy and sell there = there is liquidity. When there is a sell-off after such a rotation, then it indicates that the big guys (institutions) were building up their positions in that rotation. They were doing so unnoticed and without their intentions being revealed. After that, they started manipulating the price aggressively (with market orders) to start a trend. Volume Profile analysis When I see a rotation from which a trend starts, then I look into that rotation using my Flexible Volume Profile. I look for a place where the volumes were the heaviest because this is the place where the big guys placed most of their positions. This is an important place, because when the price makes a pullback into this area again, then it is likely that those big guys will start defending their positions. How will they defend them? They will start to sell aggressively again to push the price downwards. And that’s what I want to see. That’s what I want to participate in! So, what I do is that I wait for the pullback and then enter a short from the place where they accumulated most of their positions. In this case, it is 0.8933. This is currently the strong intraday resistance on EUR/GBP. I hope you guys liked today’s intraday analysis. Let me know what you think in the comments below! Stay safe and happy trading! -Dale
by Trader_Dale
CAD/JPY GAP 💡Now this is a different story! There was a 160 pip opening gap on the CAD/JPY! The price haven’t even get close to closing it. The volatility is pretty big here. This means the gap could get filled shortly. I would not be surprised if it got filled today or tomorrow. It does not matter too much when it will get closed though. The thing which I find interesting here is the heavy Volume Cluster which got created before the gap (Volume Cluster with the heaviest volumes at 78.51). According to the gap trading strategy this Volume Cluster should work as a strong resistance and when the price closes the gap and hits it, then it should react to it and go downwards again. Adjusting to a bigger volatility When the volatility rises to such extent like now then it is necessary to adjust to such market conditions. If you were used to trading with 10 pip Stop Loss then now when the volatility rose you should widen your SL (and TP). In most of the cases I like to stick to my fixed Stop Loss and Take Profit pip values but when volatility changes as drastically as now then I adjust it. At least for a few days until all gets back to normal again. I hope you guys liked this article. Let me know what you think in the comments below! And remember to trade carefully especially in conditions like these. Happy trading! -Dale
by Trader_Dale
1
GOLD – Intraday Trading Analysis With Volume ProfileThe previous week I wrote about the importance of the big picture analysis. I did a long – term analysis on Gold using Weekly charts and Volume Profile. Now, I would like to zoom in a bit and analyze Gold on a much lower time frame (30 Minute). This will point us to intraday supports/resistances which are currently there. Price Action analysis Let’s first start with simple Price Action. Currently, there is an uptrend on Gold. When there is a trend development like this, then I like to use my Flexible Volume Profile on the trend area. My goal is to see significant Volume Clusters which got accumulated in the trend. Volume Clusters What does a Volume Cluster in a trend mean? Volume Cluster is an area, with heavy volumes. You should be able to spot them easily with Volume Profile. They should be visible on first sight. Nice and clean, that’s what we are looking for. When there is a Volume Cluster (or more of them) created in a trend, then it means that heavy volumes got traded there. In this case, there is an uptrend. Volume Cluster in an uptrend means this: Buyers are pushing the price upwards and there are places, where those buyers were adding massively to their buying positions (that’s where we see Volume Clusters). Then they drive the price even higher. GOLD: Intraday Supports In the picture you can clearly see three significant Volume Clusters. Those were areas where buyers were entering most of their buying positions. What will happen when the price turns and makes it back to those three areas? Chances are, that those buyers who were building up their buying positions there will become active again. They will try and defend those areas (defend their positions), and they will try to push the price upwards from those areas. This is why those three Volume Clusters should work as significant (intraday) supports. Does it matter when the price makes the pullback to those levels? Well, in my experience markets have really good memory. So it does not matter that much. Those three Volume Clusters should be strong Supports even after few weeks after they got formed! I hope you guys liked my intraday analysis. Please let me know what you think in the comment section below! Happy trading! -Dale
TVC:GOLD
by Trader_Dale
1
Trading Volume Clusters on ES (S&P 500 Futures)Quite a lot of people like trading indices using the Volume Profile tool. In my experience, the Volume Profile works fantastic with indices. In fact, I am also planning to add ES (SP 500 futures) to the levels which I publish daily for members of my Trading course. So, today, I would like to have a closer look at the ES and show you my intraday trade analysis using Volume Profile there. Let’s look for some Volume Clusters! There was a strong buying activity on Monday and buyers were pushing the price upwards. When I see an intraday uptrend like this, then I start to look for significant Volume Clusters formed within the uptrend. Such Volume Clusters point to places, where the buyers who are pushing the price upwards were adding to their buying positions. Volume cluster As you can see, the volumes in this Volume Cluster are really nicely visible and the level is very clear and easy to see. Most of the buyers from this uptrend were adding to their positions at this place. What I expect now is that when the price makes it back to this level again sometime in the future, those buyers will become active again and they will start pushing the price upwards again. This does not need to happen today or tomorrow, not even this week! Markets have good memory, so even if this level gets hit in 2-3 weeks I will still believe in a buying reaction from there. I hope you guys liked the analysis. Feel free to leave a comment below. Happy trading! -Dale
FX:SPX500
by Trader_Dale
1
$DXY for more stronger moveUS stock market fell on Friday 24th Jan. Gold hardly to claim up. Those behavior may fuel the $USD currency ( $DXY) to go higher. my 1st target is 98.40/50 area, and possibly it may go higher after the test. The down slope (dashed blue) is only reflection line from previous down move action. It mean nothing for me right now. i just want to see the sellers will do more short covering when price move away from the upper down slope, or I might see the new money selling and bring the chart back into bearish move. Right now, I am bullish in #USD #DXY
TVC:DXYLong
by ruby_kinetix
Analise Dolar futuro para 24/01/2020Retração do mercado de hoje abriu na VPOC de ontem, testou um ponto de resistência e desceu, formando uma em formato "P" no market profile, rejeitando assim a região de valor de ontem. O mercado hoje definiu como área de valor entre 4.164 e 4.175, sendo 4.171 a VPOC. Sendo assim, se o mercado abrir fora da área de valor de hoje, há chances de termos um Open Drive, ou seja, um grande fluxo na abertura, na direção da área de valor. Temos também uma linha de tendência de timeframes mais altos, dando suporte ao mercado, sendo que hoje testamos tal suporte. Temos então 3 cenários. 1) O mercado aceita este suporte e move para uma região de valor mais alto 2) O mercado aceita o suporte mas também a resistência que encontramos dias atrás e fica mais lateralizado 3) O mercado continua na tendência de baixa dos últimos dias, fura o suporte e move para uma área de valor mais baixa. Lembrando que amanhã também temos algumas noticias de mercado importantes que podem impactar no nosso dolar aqui, então fique de olho.
BMFBOVESPA:WDO1!
by mauricio.andre.cinelli