Volume Profile Mistakes: 5 ways to STOP using the profile

  Рет қаралды 37,349

Korbs

Korbs

Күн бұрын

Get Funded 50k-300k & Trade For A Living: go.tradacc.com/m/korbs
After I was introduced to the Volume Profile for the first time, something made sense to me. I remember when I first started trading and all the different systems that I tried. All of them left me with confusion about what I was actually doing and a very unstable PnL. I have been trading the profile for years and want to share some of the costly mistakes that traders make when starting out.
ABOUT THIS VIDEO:
The Volume Profile provides many high-quality trade opportunities every day but if you are not using it correctly your PnL will be a mess!! In this video, I want to break down some of the mistakes that will trip you up if you are new to Volume Profiling.
HERE'S WHAT WE COVER:
00:00 How the Volume Profile changed my life
02:00 The root cause of errors is lack of information
04:05 First mistake - treating the profile as “by here, sell here”
06:30 Second mistake - Buying high & low area arbitrarily
09:30 Third mistake - Drawing profiles at random places
13:15 Fourth mistake - Fading extremes back to previous value areas
16:15 Fifth mistake - Putting too much weight on developing profile
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NEED HELP?
Are you day trading and looking for a trading strategy and technical indicators that you can rely on for the long term?
After trying them all, I've realized that you actually need ZERO technical indicators to have an edge in the market. All you really need is the Volume Profile, the only charting tool in the world used by professionals that provides real-time market-generated information.
Trading with the Volume Profile is what allows me to generate $500/$1000 on average in daily profits.
If you enjoyed this content on KZbin and would like to learn my strategy to a deeper level, you might be interested in the Volume Profile Formula™, the first course that teaches you the basics of Volume Profile. To learn more click here: go.tradacc.com/vpformula
WHO IS KORBS
My name is Aaron Korbs and I'm a professional Futures Day Trader expert in Auction Market Theory, Order Flow & Volume Profile.
I'm the founder of Tradacc.com and creator of Volume Profile Formula™ and the Profile Method™ where I help traders getting consistently profitable by focusing on Volume Profile methodology.
I typically work with people that want to create an extra income or that would like to turn trading into their main profession.
--------------------------------------------
Happy Trading & Watch Your Risk
-Korbs
#volumeprofile​ #daytrading​ #futurestrading
Risk Disclaimer: go.tradacc.com/Risk

Пікірлер: 122
@korbstrading
@korbstrading 3 жыл бұрын
Thank you everyone for watching this video and following the channel! To learn more about the strategy that I use every day in the markets, check out this FREE training here: www.tradacc.com/trader-training​
@drfixitbristol4341
@drfixitbristol4341 3 жыл бұрын
Nice video
@mikyflyy3175
@mikyflyy3175 2 жыл бұрын
Thanks Aaron, for all the content. You seem to be one of maayyyybe... 3 people on KZbin that are obviously well-versed and not full of it. I appreciate it.
@korbstrading
@korbstrading 2 жыл бұрын
I appreciate the kind words, Miky🍻🍻
@rodj9902
@rodj9902 3 жыл бұрын
Great video Aaron !!! Be looking forward to another , a great subject!
@RotterStudios
@RotterStudios 2 жыл бұрын
This helps so much. I need to watch again and again. I have been losing like crazy. I'm always trading in the wrong direction. Blew up half a dozen times with micros.
@Dian_Guang
@Dian_Guang 4 жыл бұрын
Great video, great observation! I will definitely recommend this video over J. Dalton's books.
@dallasnaish6859
@dallasnaish6859 3 жыл бұрын
Thanks for the info! Very helpful information on this indicator.
@korbstrading
@korbstrading 3 жыл бұрын
🍻
@westcondran9651
@westcondran9651 4 жыл бұрын
Great video as usual!, Was interesting when you spoke about starting and stopping VP at the wrong place I was wondering what is the right place to start and stop it? Thanks
@korbstrading
@korbstrading 4 жыл бұрын
West Condran Great question. This is a little outside the scope of a comment. This would need to be a future video 👍🏼
@kkryptokayden4653
@kkryptokayden4653 3 жыл бұрын
I usually map the market on the 1hr, 4hr and daily timeframe. Ive never used the session profile. I use Vwap for anything lower than 1hr for some quick scalps with the focus always being the bigger timeframe. Volume profile is such a great way to know the market structure. It gives enough edge to make your trading easier. Is like having a map and not getting lost
@korbstrading
@korbstrading 3 жыл бұрын
💯
@richdafactor20
@richdafactor20 4 жыл бұрын
Your videos are awesome, I use it with 200 ema, vwap, and macd
@trading2ez
@trading2ez 4 жыл бұрын
Nice one bro ;-) Keep up the great work!
@korbstrading
@korbstrading 4 жыл бұрын
Irasor Trading2ez Thanks brotha 🍻
@MukeshVerma-kw4os
@MukeshVerma-kw4os 3 жыл бұрын
This is some great content - great job. Would be great to get video a video on how to recognise absorption / stops
@korbstrading
@korbstrading 3 жыл бұрын
Thank you for the recommendation 👍🏼👍🏼
@ronaldrondon8695
@ronaldrondon8695 3 жыл бұрын
GreaT explanation definitely committed a few of these
@korbstrading
@korbstrading 3 жыл бұрын
Thank you 👍🏼
@j.davidsapp6212
@j.davidsapp6212 Жыл бұрын
Would love to hear more on when and when not to use value area highs and lows as potential entries...more on determining who's in control. Just found you, and have started binging...maybe I'll find more in another existing video. Whatever the case, I appreciate the work you're doing to educate on this complicated topic.
@profilemethod
@profilemethod Жыл бұрын
Hey David! Thank you for your kind words! We are glad to hear that you're finding Korbs' content helpful. We actually do a deep dive into the concept of the value area in our program. You might be interested to check it out here 👉 go.tradacc.com/m/korbs
@lasherainey3738
@lasherainey3738 3 жыл бұрын
Nice video 👍 just need a follow up on how to do it the right way on all the topics you pointed out ...
@ecrirey
@ecrirey 3 жыл бұрын
Thanks for this video! Is the beginning of the day the RTH open or straight taking the ETH? Cheers!
@korbstrading
@korbstrading 3 жыл бұрын
RTH 👍🏼👍🏼
@jklfghjkl
@jklfghjkl 4 жыл бұрын
Can you make a video how to fix the not to do list you mentioned. Thanks
@koamiseli4917
@koamiseli4917 3 жыл бұрын
Great video.how to jump in the boat,want to learn more about volume profile.
@MukeshVerma-kw4os
@MukeshVerma-kw4os 3 жыл бұрын
This is great content - great job. Would be great to get video a video on how to recognise absorption / stops using volume profile.
@korbstrading
@korbstrading 3 жыл бұрын
Thank you for the kind words 🍻🍻
@navidftl704
@navidftl704 3 жыл бұрын
Awesome ... plz continue
@korbstrading
@korbstrading 3 жыл бұрын
🍻🍻
@Ali-vk2bv
@Ali-vk2bv 2 жыл бұрын
Thank you so much!
@korbstrading
@korbstrading 2 жыл бұрын
🍻🍻
@adilhussain4894
@adilhussain4894 4 жыл бұрын
I made the last mistake for months without even realizing but the good thing is that I corrected myself after taking many looses. thanks for making videos like that I also only use VP in my trading.
@korbstrading
@korbstrading 4 жыл бұрын
adil hussain a fellow profiler!! Very nice 👍🏼 Happy trading, brotha
@dondwiiplanets245
@dondwiiplanets245 Жыл бұрын
I am learning the day trading during last 4 years. Just learned about the volume profile last week and it was enoghe I notice I was lost last 4 years. Volume profile is the best
@korbstrading
@korbstrading Жыл бұрын
🍻🍻
@hatrick6772
@hatrick6772 2 жыл бұрын
Yes need more videos on this
@phatguy4049
@phatguy4049 4 жыл бұрын
Love the vid and the volume profile has really opened my eyes. Will you ever release a full course on Volume Profile Trading alone?
@korbstrading
@korbstrading 4 жыл бұрын
Phat Guy thanks 🍻 Yes, I will. Currently creating a product call Next Level Trading. After that is done I will focused on a profile mastery product 👍🏼
@westcondran9651
@westcondran9651 4 жыл бұрын
@@korbstrading What will next level trading be focused on, sounds interesting cant wait to hear more :)
@korbstrading
@korbstrading 4 жыл бұрын
West Condran thanks man, I’m really excited about it! Next Level is a trader development program. How to start and grow a 6-figure trading business. As it gets closer to launch I will be making announcements 👍🏼
@marcoalexander7244
@marcoalexander7244 9 ай бұрын
I hope this isnt a dumb question. But when stretching out a volume profile (visible rang VP in Trading view) I know you said not to arbitrarily, choose a random spot to observe the volume profile. Do you have a video that shows us how to use that profile and to choose an amount of data from a certain date? That makes sense or a series of methodologies that makes sense? This is in regards to the third thing that we do wrong.
@profilemethod
@profilemethod 9 ай бұрын
Hi there! You might want to check out Korbs' other videos about Volume Profile and TradingView here 👉 kzbin.info/aero/PLuPajo8AVbABccIoxAwcpZWGCwi5cl0Te and kzbin.info/aero/PLuPajo8AVbACQqW0O7R2edBIkX6py1V9H :)
@aaronsalmon2105
@aaronsalmon2105 3 жыл бұрын
Good video. I would like to add that for example in NOT DO #4 you show examples of price retracing to previous days VA but day it doesn’t always happen, which most know. You say very specific things have to happen. What are those things? What does it look like and how can we use the VP to see those specific things happening.
@korbstrading
@korbstrading 3 жыл бұрын
This would be a good additional video. Outside the scope of replaying to a comment 👍🏼
@superwalnuts8760
@superwalnuts8760 2 жыл бұрын
11:20 wow, how is one able to adjust the time range of the volume profile with a bounding box? I searched every period type and couldn't find it.
@daggusdallas8548
@daggusdallas8548 3 жыл бұрын
Just earned my subscribe. I’ve been experimenting with VP recently. Watched a few videos on how it works. Tried my hands at it. Failed. Immediately thought to myself, “ok what is this not used for? someone tell me.” Boom, Korbs to save the day. Thanks man!
@korbstrading
@korbstrading 3 жыл бұрын
You’re welcome, Daggus 🍻🍻
@sanjeevsaraf6997
@sanjeevsaraf6997 4 жыл бұрын
Excellent analysis, India.
@korbstrading
@korbstrading 4 жыл бұрын
Sanjeev Saraf appreciate you 🍻
@ZimmerTrading
@ZimmerTrading 4 жыл бұрын
Korbs, what’s your opinion on TPO or market profile? Do the same principles apply for the most part? My platform does not have accurate tick-by-tick volume profile and instead averages volume off of the 1 minute chart. Do you consider TPO and market profile as valid tools for at least gauging big picture context if not for use intraday? Thanks!
@korbstrading
@korbstrading 4 жыл бұрын
For Volume Profile, to the tick data is very important. If you bulking it in by time you will not get an accurate profile. There are many similarities between VP & MP, I like to think of VP as an evolution of MP. It is a superior tool in my opinion. MP has usefulness so there is nothing wrong with it, but if you are serious about Volume Profile there is no reason not to switch to a broker that will allow for real time tick data. This is your business, set yourself up for success 👌
@ZimmerTrading
@ZimmerTrading 4 жыл бұрын
Korbs thank you for your response man! Do you know of any platforms that offer to-the-tick volume data for stocks? Thanks again!
@e.sanoop110
@e.sanoop110 3 жыл бұрын
Should we zoom out the charts while using the volume profile indicator? I see that the POC is changing as we zoom in and zoom out the chart. For Daytrading purposes only, could you please advise the correct and accurate way to use the volume profile indicator.
@korbstrading
@korbstrading 3 жыл бұрын
The profile should only change as you zoom out if it is set to “include all bars on screen” I do not use that as a profile setting so my profiles do not change as I zoom 👍🏼
@askAIexperts
@askAIexperts 3 жыл бұрын
Hey! You didn’t answer the timeframe for a profile set up? Days to consider
@mergetrader
@mergetrader 2 жыл бұрын
Where and when to start a profile is KEY to building composites. You then develop your own merge rules and begin to see value migration.
@haimiko100
@haimiko100 2 жыл бұрын
Hi Aaron regarding where to start drawing the profile should in my opinion draw the history the price you are interested in buying or selling for example. If. I trade within a day I would like to find areas with high volume and mark them as support and resistance right?
@korbstrading
@korbstrading 2 жыл бұрын
Hey Haim, I would not recommend that.
@haimiko100
@haimiko100 2 жыл бұрын
Ok thanks for youre answer
@Hashimismael
@Hashimismael 6 ай бұрын
Just started learning the Volume profile and orderflow trading. Gone through several videos on KZbin and Google searches. Great info here you've got. What other videos do you recommend I check out?
@korbstrading
@korbstrading 6 ай бұрын
Thanks for the feedback Ishmailis. You will find really nice information in all of my playlists on my channel. I also have a nice introductory course to the Volume Profile you can access here - go.tradacc.com/vpformula
@Hashimismael
@Hashimismael 6 ай бұрын
@@korbstrading thanks man. I will sure to check it out. Its my second year in the financial markets and am sure I got lots of room to improve on.
@yortroei
@yortroei 3 жыл бұрын
I find using volume spread analysis (VSA) more useful than session volume profiling at moment trying to apply volume profiling to my current system interferes with my analysis . I am sure they work in concert, but too much indicator on my chart is distracting....
@korbstrading
@korbstrading 3 жыл бұрын
There are a lot of great tools out there, but focusing on too many at one time will just lead to confusion!! Better to master one thing or as few as possible 👍🏼
@yortroei
@yortroei 3 жыл бұрын
@@korbstrading hi korbs thank you for your reply, i was trying to use session profiling on tradeviewing to track institution money, the bid (buying )and ask (selling) volumes traded at POC do not seem to correlate well to the price movement I was expecting when bid is greater than the ask volume the price will stablize at poc , is it a common misconception?
@dirkdarwin2571
@dirkdarwin2571 Жыл бұрын
What I see, is that price moves very quickly and easily through previous areas of low volume - whether it's buying or selling
@subhadipkar381
@subhadipkar381 2 жыл бұрын
where to draw the profile ? from which point to whch point ?
@danielgreenleaf1051
@danielgreenleaf1051 2 жыл бұрын
Dude, you're my hero....
@Lee-bo1wp
@Lee-bo1wp 4 жыл бұрын
Do you have anywhere the criteria for entering and existing a trade ? Thank you.
@korbstrading
@korbstrading 4 жыл бұрын
I have posted several setups from past videos. Every setup needs solid entry /exit criteria 👍🏼
@ronredmond
@ronredmond 2 жыл бұрын
Korbs!!! I just watched one of your other videos and realized that you live about 45 minutes South of me, lol! :D I'm in Salisbury... I actually know a few people in your town, older folks. I had 11 people in my grade in Cornwall! haha 5 boys and 6 girls until 8th grade.
@korbstrading
@korbstrading 2 жыл бұрын
Awesome!! I left Arkansas in late 2013 but always love going back :)
@anthonyamp3091
@anthonyamp3091 2 жыл бұрын
This is going to change my life
@korbstrading
@korbstrading 2 жыл бұрын
🍻🍻
@richdafactor20
@richdafactor20 3 жыл бұрын
Several months later and I’ve taken a step back and am using just volume profile. Learned so much since o discovered these videos and now can use this indicator better
@korbstrading
@korbstrading 3 жыл бұрын
Love this 🍻
@johnd.7245
@johnd.7245 4 жыл бұрын
How does one swing a trade with PVP?
@richdafactor20
@richdafactor20 3 жыл бұрын
Only question is you don’t explain how to gain that context and understanding when to stay away from VAH/ VAL levels
@korbstrading
@korbstrading 3 жыл бұрын
That is outside of the scope of this video!! Maybe a future one :)
@NeptuneAlpheccaChild
@NeptuneAlpheccaChild Жыл бұрын
i won't even look at VP unless there's a year or more of data - especially in the range lately (ES)... it's just not safe...
@jklfghjkl
@jklfghjkl 4 жыл бұрын
I love your honesty and willingness to teach others new traders.🇨🇦
@korbstrading
@korbstrading 4 жыл бұрын
Thank you for the kind words 🍻
@thesoletrader426
@thesoletrader426 3 жыл бұрын
Can't find the volume profile on any trading platform for free😔
@futures-trader
@futures-trader 4 жыл бұрын
You go on and on about how "you need to know X, Y, Z" for several of the points but never actually explain anything in a way we can practically use it (i.e. you go on for minutes about what could happen if you include the wrong number of days in the composite profile, but never ONCE explain what to actually include and what not to). I liked your other videos but this one is low on actual practical value.
@personalperspective
@personalperspective 3 жыл бұрын
One example of this is 12:49 you need to know where to start and stop your profiles ... seems never to be answered. A single comment / pointer as to where to start and stop profiles would have been immensely more helpful.
@futures-trader
@futures-trader 3 жыл бұрын
@@personalperspective exactly.
@pvwdr
@pvwdr 4 жыл бұрын
Love this, yes, please make more 5 things not to do :-)
@korbstrading
@korbstrading 4 жыл бұрын
👌🏼
@VLiviu
@VLiviu Жыл бұрын
@@korbstrading Please do more videos like this!
@tomharton152
@tomharton152 2 ай бұрын
Third mistake - Drawing profiles at random places....what is/are the right place(s)?
@korbstrading
@korbstrading 2 ай бұрын
Best way to look at drawing Micro Composites are when the daily value areas are overlapping for 2 days or more! Lots of this inside my training, Tom!
@rahulsinghkasounder
@rahulsinghkasounder 4 жыл бұрын
Great video..... love from India
@korbstrading
@korbstrading 4 жыл бұрын
❤️
@asharzam7668
@asharzam7668 4 жыл бұрын
On Intraday . It's useless as POC and volume area moves up n down and confuse u .
@korbstrading
@korbstrading 4 жыл бұрын
You are just using it incorrectly, brotha. If you rewatch this video I explain. 👍
@Albo3li
@Albo3li 4 жыл бұрын
Thanks for sharing those tips..I want to know if you can share wit us your .cht file for the volume profile studies :)
@korbstrading
@korbstrading 4 жыл бұрын
Ali Alboali No problem. A link to the chart definitions is in the description of this video: kzbin.info/www/bejne/fZ-XoKaaoqZ_qdk
@prt2474
@prt2474 2 жыл бұрын
Not sure whether you answer questions on these old videos but when you're comparing value areas of different sessions, do you do it regular-day-session to regular-day-session, or day-session to the overnight? I am mainly trading the overnight due to where I live. Would you compare overnight to overnight in my situation? Enjoying all your videos by the way. You deserve many more subscribers.
@profilemethod
@profilemethod 2 жыл бұрын
Hey PRT 247! The program is focused on intraday trading: holding positions for minutes or hours. Swing trading (holding positions overnight) is an alternative that can work but it’s not specifically covered in the program. We recommend watching the below Korbs' videos about the topic. You can copy and paste the following titles on the search box. -Best Time Frames for Trading with the Volume Profile -The Best Time to Trade Futures? | Difference Between Day and Overnight Session Cheers!
@prt2474
@prt2474 2 жыл бұрын
@@profilemethod Thanks for the reply, but I don't mean holding overnight, I mean actively trading the overnight session. I don't live in the US. But thanks. I've watched those videos. Cheers.
@chewie1355
@chewie1355 4 жыл бұрын
Volume profile sounds like it works....except when it doesn’t
@mouosman4578
@mouosman4578 3 жыл бұрын
you haven't told where should the start and stop of the profile be...
@korbstrading
@korbstrading 3 жыл бұрын
That would not be a topic for this video :)
@ramanaven2001
@ramanaven2001 Жыл бұрын
Yes man , more are expected. Instruct that how to correct those mistakes.
@asharzam7668
@asharzam7668 4 жыл бұрын
Can u make a live intraday with volume profile .
@korbstrading
@korbstrading 4 жыл бұрын
Forgive me, I don't understand what you are saying/asking.
@buick3939
@buick3939 3 жыл бұрын
Would like to see how to maybe use the profile to pull Fibs and have a good line up in fib lines and profile
@korbstrading
@korbstrading 3 жыл бұрын
Do you mean fib levels lining up with HVNs & LVNs?
@buick3939
@buick3939 3 жыл бұрын
@@korbstrading yeah anyway that could help you on the sense of direction that you're going as well as line up with the lvns and POC, high-volume nodes whatever give additional confirmation of the way you pull your since you have the right sense of direction of the market
@auksekriauciuniene7409
@auksekriauciuniene7409 3 жыл бұрын
If you look at my video then the sound is bad but it somehow got popular (kind of)
@fitnesswithsteve
@fitnesswithsteve 4 жыл бұрын
When you said that you have to know if the bears or the bulls are controlling the market or if it is trading sideways, that really stood out to me because I have been applying the same analysis regardless of the market conditions. I really appreciate all the hard work you put into your channel.
@korbstrading
@korbstrading 4 жыл бұрын
Stephen Mason Love it! Appreciate you, man🍻
@baraaalmoarawi1837
@baraaalmoarawi1837 2 жыл бұрын
Ok, the video is good and pointing out some important answers. However, it dosn't give the answers or the solution of the problems you have raised.
@TenTonNuke
@TenTonNuke 3 жыл бұрын
So basically, just because the price action is likely going to move drastically, don't make the mistake of assuming you know which direction it will move.
@dondwiiplanets245
@dondwiiplanets245 Жыл бұрын
😍
@korbstrading
@korbstrading Жыл бұрын
🍻🍻
@gorilladigits8223
@gorilladigits8223 4 жыл бұрын
!
@nikinikster4123
@nikinikster4123 3 жыл бұрын
Bla bla bla......
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