Depends on how long you're in a trade for, really. If you're just trading intraday, anchoring to yesterday's open and today's open makes sense. Having an sense of where higher time frames anchors are is never a bad idea, though. Whether it's an important swing high or low, or even the start of a quarter or year. The higher time frames can be very important and powerful, but not always relevant.
Excellent video on POC (POINT OF CONTROL) TRADING
One to keep !
Cheers!
If trading the ES and MES how far would you anchor out? Daily? Weekly?
Depends on how long you're in a trade for, really. If you're just trading intraday, anchoring to yesterday's open and today's open makes sense. Having an sense of where higher time frames anchors are is never a bad idea, though. Whether it's an important swing high or low, or even the start of a quarter or year. The higher time frames can be very important and powerful, but not always relevant.
Trendspider does it show real or tick volume?
Thanks for the video
Appreciate you!
Do you know the equivalent indicator on Trading View?
Should be called volume profile, volume by price, or something similar!
Hi. Thanks for a good yet simple explanation of volume profile. Which charting software have you used in the video?
You're welcome, Rahul! This video was made solely on the TrendSpider platform!
this is not available on trading view right?
I'm not sure, to be honest!
Available on Trading View.