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

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  • Опубліковано 30 жов 2024

КОМЕНТАРІ • 113

  • @PriceActionVolumeTrader
    @PriceActionVolumeTrader  Рік тому +6

    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 Рік тому

      Name of this indicator please?

    • @DavidElstob73
      @DavidElstob73 Рік тому

      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 9 місяців тому +14

    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
      @getlucky8952 Місяць тому

      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
    @justtrade9903 Рік тому +7

    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.

  • @afiyakemarafa1997
    @afiyakemarafa1997 Рік тому +5

    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.

  • @lanreoshisami8934
    @lanreoshisami8934 Рік тому +7

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

  • @bryfryable
    @bryfryable Рік тому +6

    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!

  • @digger5521
    @digger5521 Рік тому +1

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

  • @No1TasLis
    @No1TasLis Рік тому +3

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

  • @bangkokskater
    @bangkokskater 5 місяців тому +1

    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

  • @timothyaldous1200
    @timothyaldous1200 Рік тому +10

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

  • @flippatheshippa
    @flippatheshippa Рік тому +6

    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  Рік тому +2

      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 Рік тому +1

      @@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

  • @cee5794
    @cee5794 7 місяців тому +1

    Wow super clear explanation, ty!

  • @dina3349
    @dina3349 Рік тому +2

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

  • @splithammond
    @splithammond 10 місяців тому +1

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

  • @renatoemke1498
    @renatoemke1498 Рік тому +1

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

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  Рік тому +1

      Great to see what an international audience we have here

    • @TonyStark-yv5qc
      @TonyStark-yv5qc 9 місяців тому

      ​@@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!

  • @andrewdevore
    @andrewdevore Місяць тому

    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
      @PriceActionVolumeTrader  Місяць тому

      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

  • @Cloudman7
    @Cloudman7 Рік тому +1

    Outstanding insight - thank you for sharing!

  • @billespinosa5088
    @billespinosa5088 9 місяців тому +3

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

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  9 місяців тому +2

      Lesson learned. You’ll get it back tomorrow.

    • @billespinosa5088
      @billespinosa5088 9 місяців тому +2

      @@PriceActionVolumeTrader Yes Sir working on it.

    • @billespinosa5088
      @billespinosa5088 9 місяців тому +2

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

  • @nekoinekoi2015
    @nekoinekoi2015 10 місяців тому +1

    Great video. Thank you!

  • @htruth1785
    @htruth1785 Рік тому

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

  • @opponentx7539
    @opponentx7539 Рік тому +1

    Top school, much appreciated: thanks a lot

  • @KolenKoiye-rn5ui
    @KolenKoiye-rn5ui Рік тому

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

  • @dixy2k
    @dixy2k Рік тому +1

    Thank you.

  • @BullBearsCo
    @BullBearsCo 11 місяців тому +1

    Thanks for another great free video

  • @scorpionbubai
    @scorpionbubai 11 місяців тому +1

    Nice explanation.

  • @ClavisTrading
    @ClavisTrading Рік тому +1

    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.

  • @mokhtarbeydoun3065
    @mokhtarbeydoun3065 Рік тому

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

  • @Manu-514
    @Manu-514 2 місяці тому

    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
      @PriceActionVolumeTrader  2 місяці тому

      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

  • @HarvysHotDeals
    @HarvysHotDeals Рік тому +1

    thanks great info nicely explained

  • @benedictalonso8420
    @benedictalonso8420 3 місяці тому

    Veru well explained

  • @freakonauta1363
    @freakonauta1363 Рік тому +1

    Thanks. Great content as always.

  • @shock80ey
    @shock80ey Рік тому

    Great video, thank you.

  • @mansoorshah6271
    @mansoorshah6271 6 місяців тому

    Lovely and very informative video.

  • @ciaranbrennan16
    @ciaranbrennan16 16 днів тому

    Great video

  • @EGTGUY
    @EGTGUY Рік тому

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

  • @Bori5646
    @Bori5646 9 днів тому

    Valuable info

  • @chachisymphony4754
    @chachisymphony4754 Рік тому +1

    Thank you for the inspiration Sir!

  • @epixtx0183
    @epixtx0183 8 місяців тому

    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  8 місяців тому +1

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

  • @maxkelter3561
    @maxkelter3561 Рік тому

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

  • @ahmadbachir1317
    @ahmadbachir1317 Рік тому +1

    thank you

  • @XchangingCurrencies
    @XchangingCurrencies 4 місяці тому

    Thanks a lot!

  • @bobysize
    @bobysize Рік тому

    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  Рік тому +1

      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.

  • @EruvwuObuaya
    @EruvwuObuaya Рік тому

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

  • @TexasRaised68
    @TexasRaised68 Рік тому

    Clearly understandable, thank you!

  • @rkumar1219
    @rkumar1219 Рік тому

    Thank you for sharing this video, very good one.

  • @favthenewkid
    @favthenewkid Рік тому

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

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  Рік тому

      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.

  • @goodlife7018
    @goodlife7018 Рік тому +1

    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  Рік тому +1

      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 Рік тому

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

  • @getlucky8952
    @getlucky8952 Місяць тому

    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
      @PriceActionVolumeTrader  Місяць тому +1

      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?

  • @terrancemcclendon456
    @terrancemcclendon456 Рік тому

    Support and resistance with this strategy

  • @jmitch6896
    @jmitch6896 Рік тому

    thanks

  • @armankhan2182
    @armankhan2182 6 місяців тому

    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  6 місяців тому

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

  • @MoonBull13
    @MoonBull13 8 місяців тому

    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  8 місяців тому +1

      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.

  • @KASUN_M
    @KASUN_M Рік тому

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

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  Рік тому

      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.

  • @guatro
    @guatro 8 місяців тому

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

  • @jasontaylor2237
    @jasontaylor2237 Рік тому

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

  • @championchuck777
    @championchuck777 Рік тому

    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  Рік тому +1

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

  • @RyanYoungpeters
    @RyanYoungpeters Рік тому

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

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  Рік тому

      I have a whole video about it here in my Sierra Guides playlist:
      Sierra Chart Guide - How To Make a Delta Volume Profile
      ua-cam.com/video/TZw-1U14Dz4/v-deo.html

  • @frxcbq7080
    @frxcbq7080 6 місяців тому

    Respect ❤

  • @pitekxpan5845
    @pitekxpan5845 9 місяців тому

    Sir! What is the winning rate use VP??

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  9 місяців тому +1

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

    • @mcol59251
      @mcol59251 9 місяців тому

      Cannot get anymore honest then this. Awesome

  • @jeffegg2
    @jeffegg2 9 місяців тому +1

    Great!!!

  • @rockys383
    @rockys383 3 місяці тому

    Great

  • @DavidJames0322
    @DavidJames0322 4 місяці тому

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

  • @jackcoletti
    @jackcoletti Рік тому

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

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  Рік тому

      What do you mean by flexible?

    • @jackcoletti
      @jackcoletti Рік тому

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

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  Рік тому

      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 Рік тому

    The indicators you are using is free ?!

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  Рік тому +1

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

    • @sherkhan-ks2qj
      @sherkhan-ks2qj Рік тому

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

    • @PriceActionVolumeTrader
      @PriceActionVolumeTrader  Рік тому

      So you need Sierra Charts or another platform that does

  • @orderflowdojo
    @orderflowdojo 9 місяців тому

    🔥🔥

  • @AliFeraoon
    @AliFeraoon 7 місяців тому

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