Biggest Mistake to Avoid in Volume Profile Trading - Avoid This!

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Price Action Volume Trader

Price Action Volume Trader

Жыл бұрын

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Пікірлер: 98
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Hey traders. I've just launched a new bundle for all 3 of my trading courses. Get them all together for a 25% discount in the course page on the description ☝
@lastking1731
@lastking1731 Жыл бұрын
Name of this indicator please?
@DavidElstob73
@DavidElstob73 Жыл бұрын
Nice video as always. What you're explaining is similar to the neckline on a pattern. And what no text book will explain is why this is important. Well it's important because - according to the NYSE website - market makers prop up trading ranges (to prevent price collapsing and conditions becoming untradeable). So like you said, we need to see a clear break of the neckline (support or resistance) so we know market makers have flipped direction.
@justincuvelier9569
@justincuvelier9569 4 ай бұрын
Honestly the best 15 minutes of my life. You didn't draw anything out, sell anything, degrade anyone, and very effective. Thank you. One last thing, the explosive take off is able to be offset if risk management and average down method is used. I've done this numerous times and red trades end green trades.
@bryfryable
@bryfryable Жыл бұрын
Wow. I have this same problem trying to anticipate a breakout when price pierces through a node. It seems like using VP node gaps for S/R levels is the way to go. Thanks for the explanation and reasoning!
@No1TasLis
@No1TasLis Жыл бұрын
Best tutorial on vol profile I've come across. Another great confluence before entering a trade. Thank you for making this video.
@htruth1785
@htruth1785 7 ай бұрын
One of the best videos I have seen. So clear, accurate and to the point.
@dina3349
@dina3349 Жыл бұрын
You keep us busy! 😂Love your videos! Taking notes for a future reference!
@cee5794
@cee5794 2 ай бұрын
Wow super clear explanation, ty!
@TexasRaised68
@TexasRaised68 9 ай бұрын
Clearly understandable, thank you!
@splithammond
@splithammond 4 ай бұрын
Very clear message, thank you very much for posting this video.
@digger5521
@digger5521 Жыл бұрын
11:46 I see a double bottom another reason not to short I thank you for your amazing work, greets from Australia
@Cloudman7
@Cloudman7 10 ай бұрын
Outstanding insight - thank you for sharing!
@freakonauta1363
@freakonauta1363 Жыл бұрын
Thanks. Great content as always.
@afiyakemarafa4009
@afiyakemarafa4009 8 ай бұрын
I have been using it correctly OMG. Not to gloat, but I think I'm very clever to have figured this on my own. I was profitable for 3 weeks straight.
@nekoinekoi2015
@nekoinekoi2015 4 ай бұрын
Great video. Thank you!
@justtrade9903
@justtrade9903 Жыл бұрын
Great video, Thanks. I keep making this same mistake. The key is wait for the break and re-test, then go in. I have to keep reminding myself this all the time, and yet, i still make the mistake. Patience pays.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Yes. We all still do this sometimes. Key to wait.
@opponentx7539
@opponentx7539 7 ай бұрын
Top school, much appreciated: thanks a lot
@mansoorshah6271
@mansoorshah6271 Ай бұрын
Lovely and very informative video.
@EGTGUY
@EGTGUY Жыл бұрын
Excellent explanation 👌. Look forward to experimenting with this strategy 👏
@billespinosa5088
@billespinosa5088 4 ай бұрын
"The number one mistake" Yep did that today on SP100, then I found this video at lunch. Well done Sir. Lesson learned.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 4 ай бұрын
Lesson learned. You’ll get it back tomorrow.
@billespinosa5088
@billespinosa5088 4 ай бұрын
@@PriceActionVolumeTrader Yes Sir working on it.
@billespinosa5088
@billespinosa5088 4 ай бұрын
Nas100 (not sp100), hit perfectly, made up for yesterday and then some. This fellow has great content, if your mind is open to it.
@lanreoshisami8934
@lanreoshisami8934 Жыл бұрын
The most easiest way to explain volume profile. Thank you. I'm subscribing to your channel.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Welcome!
@BullBearsCo
@BullBearsCo 6 ай бұрын
Thanks for another great free video
@HarvysHotDeals
@HarvysHotDeals Жыл бұрын
thanks great info nicely explained
@flippatheshippa
@flippatheshippa Жыл бұрын
Thanks so much I seriously have been using the volume profile so wrong the whole time! This really helps a ton. Sometimes you got to be a bit contrarian I found while using the volume profile I liked the explanation about how big players can use those aggressive sellers to load up on longs although it looks like it should sell off it does the opposite because big money took advantage. Even me I would have probably taken that short easily but now I see why I haven’t been winning on my trades. Very helpful thank you 🙏
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Great to hear. Yes, most of the time it is better to go against the retail majority. Of course High volume Node edges do break especially on new driven events. But in general the risk:reward in those edges are the best.
@flippatheshippa
@flippatheshippa Жыл бұрын
@@PriceActionVolumeTrader Seriously this is a game changer for me so thankful for this video I got to share this with my boys 💯💯 I’m subscribing
@rkumar1219
@rkumar1219 Жыл бұрын
Thank you for sharing this video, very good one.
@mokhtarbeydoun3065
@mokhtarbeydoun3065 Жыл бұрын
Thank you. Really you have give the big lesson in trade using volume profile. Thank you again.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
That’s great to hear Mokhtar!
@timothyaldous1200
@timothyaldous1200 Жыл бұрын
I've made this mistake loads of times, I'm glad you pointed this out
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Yes. We all get caught doing this every now and then.
@renatoemke1498
@renatoemke1498 Жыл бұрын
Me too …
@scorpionbubai
@scorpionbubai 5 ай бұрын
Nice explanation.
@dixy2k
@dixy2k Жыл бұрын
Thank you.
@frxcbq7080
@frxcbq7080 12 күн бұрын
Respect ❤
@E-M-O-N-0_o
@E-M-O-N-0_o 5 ай бұрын
Tnx ❤ for this sir
@RenkoFlow
@RenkoFlow Жыл бұрын
Damn you! Bringing this vid out when I'm at dinner. Got to watch later. Gave a like just because i know it will be good.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Lol
@RenkoFlow
@RenkoFlow Жыл бұрын
Seen it. Solid info. Thx
@EruvwuObuaya
@EruvwuObuaya 10 ай бұрын
This is very important information and quite informative. Thank you for sharing. I have liked and subscribed.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 10 ай бұрын
Thanks for the sub!
@renatoemke1498
@renatoemke1498 Жыл бұрын
Im from Brazil and I join here recently ,great class teacher ! Thanks a lot!
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Great to see what an international audience we have here
@TonyStark-yv5qc
@TonyStark-yv5qc 3 ай бұрын
​@@PriceActionVolumeTraderYeah! I am from Brazil too. Your lesson is awesome! I hope you continue teaching. Please don't mind negative comments, but rather positive comments, because you help a lot of people!
@KolenKoiye-rn5ui
@KolenKoiye-rn5ui 11 ай бұрын
Eye 👁 opener. Made lots of mistakes trading like this. Thank you for the explanation.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 11 ай бұрын
Glad it helped.
@chachisymphony4754
@chachisymphony4754 Жыл бұрын
Thank you for the inspiration Sir!
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Welcome!
@jasontaylor2237
@jasontaylor2237 Жыл бұрын
just what i was looking for. Good video sir and new sub
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Nice to have you onboard Jason!
@bobysize
@bobysize Жыл бұрын
I learned so much from you. Can you please make a video how to set up a bid and ask volume profile and regular volume profile that looks like your? like the thumbnails. Thank you very much.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
That is a delta volume profile. In the settings under "display volume in bars" instead of selecting "total volume" you select "ask volume - bid volume" and you get the delta profile.
@epixtx0183
@epixtx0183 3 ай бұрын
Great Video, I'm new to your channel and you might have answer this already, but when scalping or day trading, do you purely use the time frame your are trading against or do you incorporate time frames around it ie: trading 5m, but you use 15min and 1 min for confirmations and entry/exit. Thanks
@PriceActionVolumeTrader
@PriceActionVolumeTrader 3 ай бұрын
Yes I use multiple timeframe analysis. Usually VP levels from the hourly and then executing on 5m or tick charts for entries.
@favthenewkid
@favthenewkid 7 ай бұрын
Great explanation! Is it possible to obtain your chartbook? I think you arranged it very beautifully and compact for just one screen
@PriceActionVolumeTrader
@PriceActionVolumeTrader 7 ай бұрын
I share a free footprint and a market profile chartbook on my website. As for a complete chartbook including those plus my daily and session charts, custom indicators, etc I share that in my Orderflow Day Trading course.
@jmitch6896
@jmitch6896 Жыл бұрын
thanks
@jeffegg2
@jeffegg2 3 ай бұрын
Great!!!
@lalodominguez7121
@lalodominguez7121 2 ай бұрын
So say for example price breaks above the low volume node that was once resistance, resulting in price discovery. That low volume node then becomes support correct?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 2 ай бұрын
You would expect support yes. It’s not guaranteed to hold, especially in price discovery as there is not a lot C of built up volumes there but yeah.
@RyanYoungpeters
@RyanYoungpeters 8 ай бұрын
Hello sir may I ask how you customized your chart to get a delta volume profile the way yours is showing
@PriceActionVolumeTrader
@PriceActionVolumeTrader 8 ай бұрын
I have a whole video about it here in my Sierra Guides playlist: Sierra Chart Guide - How To Make a Delta Volume Profile kzbin.info/www/bejne/iovaXmSLZpl3sJY
@KASUN_M
@KASUN_M 8 ай бұрын
Do you have any suggestions for how many vol at price bars to use for a few time frames?
@PriceActionVolumeTrader
@PriceActionVolumeTrader 8 ай бұрын
It varies by instruments. I use tick charts, not volume. But overall for ES (sp500) during regular market hours I like the 3000t chart. So 3000 vol would be somewhat similar. But this is a personal preference. All you are doing is splitting the same data in different ways (minutes, # of trades, volume of trades, ranges, etc). So you just need to set yourself in a way that you gets you the best signals for your market.
@championchuck777
@championchuck777 Жыл бұрын
From what I see, the Volume Profile still trumps over Order flow like the Delta Profile etc. Could be wrong though, but It was greatly contradicting the LVN level in extended hours session.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Yes, for me VP is king. Orderflow just helps me see some confirmation signs of absorption and high volumes kicking in certain areas.
@terrancemcclendon456
@terrancemcclendon456 8 ай бұрын
Support and resistance with this strategy
@maxkelter3561
@maxkelter3561 8 ай бұрын
Will incorporate VP indicator in trading as I see its value. Still working on method.
@PriceActionVolumeTrader
@PriceActionVolumeTrader 8 ай бұрын
It is my favorite tool.
@goodlife7018
@goodlife7018 Жыл бұрын
Great content. Since the forex market is decentralized, it is difficult to get the entire volume and hence the volume profile methods becomes useless. Are you using the futures forex volume data instead? Thank you very much.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
No, I use the spot forex VPs. They are calculated with tick movement data based on price movement instead of traded volume and it is definitely useful and accurate.
@goodlife7018
@goodlife7018 Жыл бұрын
@@PriceActionVolumeTrader Thanks. Do you need a broker to get that data feed? or a regular trading view chart would do it?
@ahmadbachir1317
@ahmadbachir1317 Жыл бұрын
thank you
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
Welcome Admad
@guatro
@guatro 2 ай бұрын
realmente é uma colocação inteligente, hoje mesmo acabei vendendo o fundo de uma grande área e acabei tomando um calor do mercado
@armankhan2182
@armankhan2182 Ай бұрын
Sir like I am applying this on weekly and daily so should I take trade on weekly and daily chart ? Or can I take trade in 4 hour time frame with weekly . Daily support/resistance?
@PriceActionVolumeTrader
@PriceActionVolumeTrader Ай бұрын
I always combine several time frames. Generally daily, hourly and then s low 5min or tick chart to execute day trades
@pitekxpan5845
@pitekxpan5845 3 ай бұрын
Sir! What is the winning rate use VP??
@PriceActionVolumeTrader
@PriceActionVolumeTrader 3 ай бұрын
There is no answer to that. It is all completely based on the individual trader. Their patience, discipline, understanding of context, etc.
@mcol59251
@mcol59251 3 ай бұрын
Cannot get anymore honest then this. Awesome
@turlur
@turlur 3 ай бұрын
🔥🔥
@jackcoletti
@jackcoletti Жыл бұрын
Anyone know how to get a flexible volume profile on TradingView?
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
What do you mean by flexible?
@jackcoletti
@jackcoletti Жыл бұрын
@@PriceActionVolumeTrader like you can drag the area you want to see price action in
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
That's the fixed range VP. There is a drawing tool for it in TradingView on the left side menu under the 6th icon. You do need a paid Pro account to use VP tools though.
@sherkhan-ks2qj
@sherkhan-ks2qj Жыл бұрын
The indicators you are using is free ?!
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
No. Both TradingView and Sierra Chart require s membership to use the volume profile tools.
@sherkhan-ks2qj
@sherkhan-ks2qj Жыл бұрын
@@PriceActionVolumeTrader yes but tradingview doesn't have the order flow and delta indicators, it has only volume profile.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Жыл бұрын
So you need Sierra Charts or another platform that does
@AliFeraoon
@AliFeraoon Ай бұрын
Amazing advice I wished that i saw this video before blown up my account because of this mistake.
@PriceActionVolumeTrader
@PriceActionVolumeTrader Ай бұрын
Yep. We’ve all been through it.
@shock80ey
@shock80ey 7 ай бұрын
Great video, thank you.
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