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Pointofcontrol

GBPUSD short position winner - +2.4%This is my favourite Set up to trade. Why you might ask? Along with the HTF analysis, there are several other rules I like to see. 1) I like to see a break of structure, which is what we have here looking left. 2) A deep pull back to the supply level where the original move was made from 3) .786 or .618 fibonacci confluence 4) POC (point of control) line up with price action at this level 5) I then like to see either tweezer tops on the 60 or 2 direction candles in a row (2 x bearish candles) 6) I would then enter and stop loss be placed above structure I think an important part of becoming consistently profitable is finding your style of trading, what do you like to see in the markets? As well as having a back tested strategy, good risk management and a good psychological understanding of trading.
Short
by PIPDADDY22
Potential BTC Distribution ZoneThe following VAs listed in the chart (left to right): 1. VA of current calendar year 2. VA of Wyckoff Distribution Top 3. VA of potential accumulation zone 4. VA of current and potential distribution zone BTC is following a similar (granted smaller and faster) top pattern to the 2020 bull run and subsequent Wyckoff Distribution between 42K and 60K. Buyers were unable to provide a liquidity shake significantly below 30K; the demand for 30K LP was larger than expected. Market makers accumulated a decreasing supply in the bottom of 3rd VA. The POC for the 3rd VA is almost identical to the POC for the current calendar year and confidence was built for a short-term intermediate move with short liquidations providing more potential upside. I still have concern without seeing any relatively significant selling volume within the 4th VA, but would expect to see this in the upcoming days with a move down to 40-42K. I believe seller's ultimately will be unable to stay in control above 50K and the market will see impressive supply from underwater positions. In the long term, this will provide a key order block in a future more impressive buyer demanding market environment. Currently, the landscape while technically bullish does not appear to have any support from institutional buyers; with GBTC still being sold at a discount and whale wallets not clearly building position on-chain. My assumption is market makers will try to move the market price of BTC into a more value friendly zone between 18-25K. In an effort to keep myself accountable and level headed, I believe this pattern is invalidated with any break above 50K and either explosive volume with high spread or consolidation above the current (4th) value area- in the 2nd VA.
BNC:BLXShort
by WildZipper
Short-Term Short - After that could go either wayThere's a good chance rejection at trend point of control (PoC) is confirmed and we get some kind of retrace from this prevailing bullish impulse that we've had. If so, we are likely to come back down to at least the first point of support at which point there are a couple possibilities: a) make a higher low and begin proper large-scale accumulation b) make a lower low and return to PoC c) slowly bleed as supply absorbs all demand as well as eating demand orders from the books -> breaking below horizontal PoC in the major support zone and finally capitulating into an extended bear market / accumulation period
BYBIT:ETHUSD.PShort
by lysergik
NQ using volume profile and point of control.I didn't take my good trade this morning. 60 points later, and now I'm doing some teaching to distract myself from chasing the market. Had the setup as perfect as I could make it, then I didn't take the trade. All I can say is stick with it. I'm doing this all caffeine free at the moment so still in the easily forgivable period. If I'm missing trades, but also not trying to take over the world, that's a good exchange in my opinion. Not taking the trade is great when the market is drawing in suckers, but when I do my setup properly, and I'm avoiding traps, I really ought to be pressing the button. It's all good to get some satisfaction from the setup process, but nothing changes if I'm not getting in and out of the market.
CME_MINI:NQU2021Education
by emehoke
Bitcoin Volume Point Of Control"Volume Profile is an extremely valuable technical analysis tool that is used by traders everywhere. The key to Volume Profile’s continued relevancy is its versatility. It is a charting tool that truly does have a wide array of uses. Unlike many other studies, there is little to no debate about Volume Profile’s usefulness. The data that is provided by Volume Profile is indisputable, leaving it to the trader to find new and creative ways to use it. Even though in its simplest form, it is a great reactive method for discovering traditional support and resistance areas, traders are still coming up with ways to chart the indicator in predicative or proactive ways." "Example strategy Just like with most other tools or studies, Volume Profile has a number of uses. There are many trading strategies out there using Volume Profile as a key component. Below are the basics of one such strategy which is based on comparing the current day’s opening price to the previous day’s Volume Profile. -If the current day opens above the previous day’s value area (but still below the Profile High) look for price to retrace back towards the Point of Control and then proceed to rise (the direction of the day’s open). Therefore during the retracement to the Point of Control, there is a buying opportunity. -If the current day opens below the previous day’s value area (but still above the Profile Low) look for price to retrace back towards the Point of Control and then proceed to fall (the direction of the day’s open). Therefore during the retracement to the Point of Control, there is a selling opportunity. -If the current day’s opening price is completely outside of the previous day’s profile (above the Profile High or below the Profile Low) this can be seen as a possible runner in the direction of the opening price relative to the previous day’s profile range." The Point of Control is represented by the red line on the chart.
KRAKEN:BTCUSDShort
by JoelRBishop
Practice Labeling Initiative and Responsive Price Action.Rounding out Chapter 1 of the book "Price Action Breakdown..." I am asked to label moves as initiative and responsive based on how the author has described initiative and responsive. From his perspective initiative is when buyers/sellers decide that price is no longer agreeable and take the initiative to move it up or down, hence the name initiative. Responsive is when price pokes out of a Value Area only to come back into it abruptly (see excess price/tails). Another way to think of this would be trend continuation moves vs movement back towards control point. This lesson didn't really hit home for me. I still think the point of control is the most valuable bit of information I have gleaned from this book so far, but I am waiting to hear how the author will work initiative vs responsive into the context they are building. I can definitely see why traders are comfortable in the value area. Trading the initiative moves makes me feel like I'm about to get on a terrifying carnival ride and there's nothing to hang on to. That'll do it for today.
CBOT:ZSK2021Long
by emehoke
Look at how EURUSD moves in New York sessionThis chart is meant to be studied. Trades setups are for New York session. This is more of an analysis of where price is likely to go, and then entry/exit is up to you. The analysis is derived from five core concepts: 1. Each trading session (Asian, London, and New York) acts different and has a job -Asian session tends to consolidate and trap traders in both directions 2. Each trading session interacts with the sessions around it -Part of the analysis looks at the high of Asian session as a resistance zone 3. Price acts the same day after day -A bullish engulfing bar will always represent buying pressure 4. Price interacts with places of high and low volume -Part of the analysis uses volume point of control to find areas of interest 5. Price will move quickly in one direction, then slow down and reach exhaustion, at which point it will move in the opposite direction for an undefined amount of time -A strong push to the upside will be followed by a pullback Keep in mind nothing is correct 100% of the time. The key to long term success is risk management. If you take a loss, find out why, smile, and wait for another opportunity:)!
by cylfx