Step by Step - Top Down Analysis of Any Market with Volume Profile and Market Structure

[@iamlostinsweden]

Thank you for this Gabriel. This video is a true hidden gem. First time I watched it I thought it was interesting and made some mental notes. Watching your weekly videos with your mark ups/ key levels on, I thought I must watch this one again to remember how you were marking/coloring them. Second time I watched this I made a deal with myself only to mark up your way. Wow what a difference in getting levels right. BTC and EURO has been ping ponging all week off of them.

[@PriceActionVolumeTrader]

Great to hear you are finding them useful.

[@axxy44]

Thank you very much Sir, lots of information in a single video.. Appreciate for sharing your trading process all the way

[@PriceActionVolumeTrader]

My pleasure

[@raouf94sad]

Much thanks for that video, really helpful explanation and precise work. i appreciate the sharing 🙏

[@KKT771]

Brilliant stuff we have here, thanks!

[@mangovc]

Legend ✨!!! Thanks for all knowledge 🙏 master!

[@PriceActionVolumeTrader]

🙌

[@mehdimalek309]

Awesome !!

[@thelikesofus324]

Very informative. thank you !

[@danads4988]

Thank you

[@raseanmarzett2304]

Is it ok to mark out S/R levels using the line chart instead of candlestick chart?

[@PriceActionVolumeTrader]

If it gives you a good picture you can. I feel it lacks detail, but some people like simpler ways to look at the data.

[@xuanhoanpham6226]

Thank you so much, Pro!

[@PriceActionVolumeTrader]

You're welcome!

[@Sabyas_Hub]

Nice Setup

[@Manu-514]

Beau partage !

[@AriesWarlock]

Good stuff!! I used to mark levels like this in the monthly TF. I like the USDJPY pair, very good for swing trading because it can be so aggressive. There's a futures equivalent of this forex pair, it's the JY6.

[@PriceActionVolumeTrader]

Yes. Forex trader looking to get into futures can definitely use the CME currency instruments.

[@Christopher-uc7zj]

Thank you very much!!!!

[@PriceActionVolumeTrader]

You're welcome!

[@עמיתדאבש]

Thanks!

[@JayJo777]

Really good video thanks a lot. One thing I dont understand is how can you use volume profile on things like crypto and even forex? From what I understand if a market is decentralised, the volume indicators all just represent the specific brokers volume, or at best some collected data of the volume for that asset. As opposed to futures where you are seeing the exact volume of the asset.

[@PriceActionVolumeTrader]

They have a way to calculate it which still provides a very accurate indicator. This is from the TradingView theory on how they calculate: Calculation algorithm Volume Profile indicators are calculated using the data for the same symbol from the lower timeframes. For example, to calculate the Volume Profile for one daily session, we load all 1m bars that were traded in that daily session, analyze the price levels where they were traded and the direction that the price moved in - if the bar closes above or equal to its open, this counts as an Up bar, otherwise it's a Down bar. Once analyzed, this data is added to the Volume Profile histogram. The particular logic used to decide which lower timeframe should be used for the calculation differs on an indicator-by-indicator basis. Volume uses in the calculations Volume Profile uses the following types of volume: trade volume - for stocks. tick volume* - for indices/forex and crypto cfd base or quote volume - for crypto * tick volume indicates the amount of price updates.We use up/down volume instead of buy/sell volume and calculate VP based on a price direction inside bars: if close >= open, we take it as an Up Volume, if close < open, it's Down Volume.

[@JayJo777]

@@PriceActionVolumeTrader Wow thanks a lot for the detailed explanation. Its funny thats calculated in that way. I have studied ICT for a long time and I never got it then using volume profiles has suddenly made it click what he is doing. And I have begun to realise how in some ways you can actually trade "volume"/"liquidity" by just looking at price and no volume. However so far it seems using a VP im the right place makes the analysis clearer. The fact they are estimating volume (and accurately from what you say) for the indicator using price alone says a lot in itself. Thanks again. Much appreciated.

[@Blooding]

Thanks

[@PriceActionVolumeTrader]

Welcome

[@leo-bob4969]

Very nice!