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

[@PriceActionVolumeTrader]

Hey traders. I've just launched a new bundle for all 4 of my trading courses. Get them all together for a 25% discount in the course page on the description ☝

[@lastking1731]

Name of this indicator please?

[@DavidElstob73]

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]

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.

[@getlucky8952]

Hello, This is somewhat my experience too, especially with the average down. But sometimes it backfires, if it continues to trend against me. Can you help me understand where you decide to stop averaging and the way you size your positions?

[@justtrade9903]

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]

Yes. We all still do this sometimes. Key to wait.

[@digger5521]

11:46 I see a double bottom another reason not to short I thank you for your amazing work, greets from Australia

[@afiyakemarafa1997]

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.

[@pawelczar]

And how it’s going now? Are you still profitable?

[@bryfryable]

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!

[@lanreoshisami8934]

The most easiest way to explain volume profile. Thank you. I'm subscribing to your channel.

[@PriceActionVolumeTrader]

Welcome!

[@No1TasLis]

Best tutorial on vol profile I've come across. Another great confluence before entering a trade. Thank you for making this video.

[@cee5794]

Wow super clear explanation, ty!

[@dina3349]

You keep us busy! 😂Love your videos! Taking notes for a future reference!

[@timothyaldous1200]

I've made this mistake loads of times, I'm glad you pointed this out

[@PriceActionVolumeTrader]

Yes. We all get caught doing this every now and then.

[@renatoemke1498]

Me too …

[@bangkokskater]

Good point on the LVA. However, when price decides to go "against" it, that's when real squeeze (aka real breakout) happens. IF price closes above that LVA for a long

[@5523gwyaga]

what is lva

[@flippatheshippa]

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]

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]

@@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

[@renatoemke1498]

Im from Brazil and I join here recently ,great class teacher ! Thanks a lot!

[@PriceActionVolumeTrader]

Great to see what an international audience we have here

[@TonyStark-yv5qc]

​@@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!

[@ilegendx5228]

THIS INFO IS GOLD.

[@Cloudman7]

Outstanding insight - thank you for sharing!

[@htruth1785]

One of the best videos I have seen. So clear, accurate and to the point.

[@tonyander]

Good stuff. Really logical, but I never put it together.

[@splithammond]

Very clear message, thank you very much for posting this video.

[@opponentx7539]

Top school, much appreciated: thanks a lot

[@nekoinekoi2015]

Great video. Thank you!

[@billespinosa5088]

"The number one mistake" Yep did that today on SP100, then I found this video at lunch. Well done Sir. Lesson learned.

[@PriceActionVolumeTrader]

Lesson learned. You’ll get it back tomorrow.

[@billespinosa5088]

@@PriceActionVolumeTrader Yes Sir working on it.

[@billespinosa5088]

Nas100 (not sp100), hit perfectly, made up for yesterday and then some. This fellow has great content, if your mind is open to it.

[@KolenKoiye-rn5ui]

Eye 👁 opener. Made lots of mistakes trading like this. Thank you for the explanation.

[@PriceActionVolumeTrader]

Glad it helped.

[@mokhtarbeydoun3065]

Thank you. Really you have give the big lesson in trade using volume profile. Thank you again.

[@PriceActionVolumeTrader]

That’s great to hear Mokhtar!

[@andrewdevore]

I'm new to volume trading and i'm so glad I came across this. Excellent explanation. I just subscribed. What is the name of this trading view indicator by the way, please?

[@PriceActionVolumeTrader]

I used both TradingView and Sierra Chart in the video, but on tradingview that was both the sessions volume profile indicator and the anchored vp tool

[@BullBearsCo]

Thanks for another great free video

[@ClavisTrading]

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]

Lol

[@ClavisTrading]

Seen it. Solid info. Thx

[@Manu-514]

Super vidéo, maintenant avec le cumulative delta à droite c'est bien plus clair que lorsqu'il est en dessous, il ne reste plus qu'à trouver comment le faire apparaître à droite, merci

[@PriceActionVolumeTrader]

It’s 2 different things. Remember Delta on the bottom is based on time period or whatever candle splitting you use. The Delta on the right is based on price levels. You just need to change the volume perifollo tool to delta instead of volumes

[@xmaxfuture]

This guy knows he’s things

[@mansoorshah6271]

Lovely and very informative video.

[@freakonauta1363]

Thanks. Great content as always.

[@HarvysHotDeals]

thanks great info nicely explained

[@scorpionbubai]

Nice explanation.

[@bobysize]

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]

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.

[@maxkelter3561]

Will incorporate VP indicator in trading as I see its value. Still working on method.

[@PriceActionVolumeTrader]

It is my favorite tool.

[@MoonBull13]

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]

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.

[@TexasRaised68]

Clearly understandable, thank you!

[@dixy2k]

Thank you.

[@rkumar1219]

Thank you for sharing this video, very good one.

[@amineayadi8565]

Thanks so much

[@chachisymphony4754]

Thank you for the inspiration Sir!

[@PriceActionVolumeTrader]

Welcome!

[@EGTGUY]

Excellent explanation 👌. Look forward to experimenting with this strategy 👏

[@favthenewkid]

Great explanation! Is it possible to obtain your chartbook? I think you arranged it very beautifully and compact for just one screen

[@PriceActionVolumeTrader]

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.

[@EruvwuObuaya]

This is very important information and quite informative. Thank you for sharing. I have liked and subscribed.

[@PriceActionVolumeTrader]

Thanks for the sub!

[@shock80ey]

Great video, thank you.

[@epixtx0183]

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]

Yes I use multiple timeframe analysis. Usually VP levels from the hourly and then executing on 5m or tick charts for entries.

[@getlucky8952]

Hello Sir, Would like to know how you decide whether it's an uptrend or a downtrend before you apply this rule.. I always find this confusing. Thanks in advance..

[@PriceActionVolumeTrader]

It would be just market structure analysis. Are we making higher highs/lows in your execution timeframe? Are previous swing highs/lows getting continuously broken in one direction?

[@RyanYoungpeters]

Hello sir may I ask how you customized your chart to get a delta volume profile the way yours is showing

[@PriceActionVolumeTrader]

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

[@nguyenmanh4128]

Tks!!❤

[@KASUN_M]

Do you have any suggestions for how many vol at price bars to use for a few time frames?

[@PriceActionVolumeTrader]

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.

[@goodlife7018]

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]

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]

@@PriceActionVolumeTrader Thanks. Do you need a broker to get that data feed? or a regular trading view chart would do it?

[@armankhan2182]

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]

I always combine several time frames. Generally daily, hourly and then s low 5min or tick chart to execute day trades

[@XchangingCurrencies]

Thanks a lot!

[@PriceActionVolumeTrader]

Welcome!

[@championchuck777]

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]

Yes, for me VP is king. Orderflow just helps me see some confirmation signs of absorption and high volumes kicking in certain areas.

[@ciaranbrennan16]

Great video

[@jasontaylor2237]

just what i was looking for. Good video sir and new sub

[@PriceActionVolumeTrader]

Nice to have you onboard Jason!

[@benedictalonso8420]

Veru well explained

[@terrancemcclendon456]

Support and resistance with this strategy

[@guatro]

realmente é uma colocação inteligente, hoje mesmo acabei vendendo o fundo de uma grande área e acabei tomando um calor do mercado

[@ahmadbachir1317]

thank you

[@PriceActionVolumeTrader]

Welcome Admad

[@Bori5646]

Valuable info

[@jmitch6896]

thanks

[@frxcbq7080]

Respect ❤

[@pitekxpan5845]

Sir! What is the winning rate use VP??

[@PriceActionVolumeTrader]

There is no answer to that. It is all completely based on the individual trader. Their patience, discipline, understanding of context, etc.

[@mcol59251]

Cannot get anymore honest then this. Awesome

[@jackcoletti]

Anyone know how to get a flexible volume profile on TradingView?

[@PriceActionVolumeTrader]

What do you mean by flexible?

[@jackcoletti]

@@PriceActionVolumeTrader like you can drag the area you want to see price action in

[@PriceActionVolumeTrader]

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.

[@jeffegg2]

Great!!!

[@DavidJames0322]

Good man. Lots of good info here compared to what I’ve seen.

[@PriceActionVolumeTrader]

I appreciate that!

[@rockys383]

Great

[@sherkhan-ks2qj]

The indicators you are using is free ?!

[@PriceActionVolumeTrader]

No. Both TradingView and Sierra Chart require s membership to use the volume profile tools.

[@sherkhan-ks2qj]

@@PriceActionVolumeTrader yes but tradingview doesn't have the order flow and delta indicators, it has only volume profile.

[@PriceActionVolumeTrader]

So you need Sierra Charts or another platform that does

[@AliFeraoon]

Amazing advice I wished that i saw this video before blown up my account because of this mistake.

[@PriceActionVolumeTrader]

Yep. We’ve all been through it.

[@orderflowdojo]

🔥🔥