This video showcases the second level to using the Volume Profile. In this video - the Volume Profile is used to identify price breakout areas before they occur: so that a trader can be trading ahead of the curve.
Simple Method for Trading the Volume Profile: 0:53
Simple VP Strategy: 1:40
Trading Breakouts using the Volume Profile: 4:02
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Disclaimer: The content covered in this video is NOT investment advice and I am not a financial advisor. The material covered within these videos is for educational purposes only. Always do your own research and only invest based on your own findings and personal judgment. Happy Trading!
Very useful and awesome videos. Thank you! I cannot understand how to consider Low Volume Nodes: e.g. If price is approaching a LVN from above will it support price (go long) or price will quickly fall through it (go short)?
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Great video man. What time frames do you recommend for day trading and week/month trading? ie 5m or 4h or 1D charts? And how should you stretch or zoom in on these charts across the screen for most accurate VP readings?
Click fixed range under the volume profile section on Tradingview. Then select the endpoints that you would like your volume profile to cover, would recommend drawing your endpoints depending on the current market state (draw from beginning to end of a trend).
The content materials are not that hard but the fact that u keep saying that it’s going to be complicated makes us think that it’s hard. More viewers would smoothly have understood if u haven’t said that. But u did explain it really well. Thanks.
I was gonna suggest use session volume instead not visible range. That's why the volume profile changes in relation to the visible bars in your chart. but do cryptocurrencies relate to the session timeframes in the stock markets?
I would not recommend using session VP for crypto. The Crypto market does not have official hours of trading, so the session volume will simply plop down a Volume Profile on the start of every day (which only tells us so much). I would instead recommend using fixed range.
I use ticks per row, row size of 100. Simply plot the fixed range in the same manner as you would for long term Fibonacci drawings when price is in a trend. If price is in consolidation, plot the fixed range volume profile from the beginning of consolidation (either the first support or resistance level).
Thanks for advice. Ive tried to use volume on TV, but I cannot setup timeframe, cause if I zoom out little bit, the profile completely change. How do you suggest to work with timeframe and Volume profile setup? thank you very much.
Its good to come across your channel as its been pretty helpful and you elaborate things in a great manner. I have a confusion in using volume profile
How do you select that which area to select at end points? From last trend high/low or swing or time period. I mostly trade on 4h.
How should i use time span to elaborate/end points for fixed range?
Fixed range should be placed at the beginning of a market stage according to your timeframe. That would mean placing the fixed range endpoints at the first level of support/resistance during consolidation with the second endpoint placed at the most present candle (if price is still consolidating). Within a trend, place your endpoints at the minima and the maxima of your timeframe.
Very happy to have found your channel .In your earlier video the VP was visualized as an overview bar setup. Now that has changed to different color shades. Can you explain why the change and what it represents? Thank you .
There are two different types of Volume Profiles. Fixed range and visible range. This video uses visible range for examples but for actual trading I always use fixed range (as you get to pick the endpoints).
Bitcoin Trading Challenge Ah, thank you for that. I’ve been meaning to set up my pro account but trading keeps me to busy to do so. Will do. By the way, you should know, I like the way you set up your instructional content. Very systematically. Good on you.
In Volume Profile settings, go to the inputs tab. Then select rows layout: ticks per row. Then you can change row size to 10 if you would like. Also, to use the Volume Profile, you need to get Tradingview Pro: https://www.tradingview.com/chart/?t=102c49d87e7bdee52c88836b2491e3
I have had success using the fixed volume profile. Simply draw it from the beginning of an uptrend to the end of an uptrend if price is moving upward. If price is consolidating, then draw the fixed volume profile from the beginning of consolidation to the end of consolidation. Yes, everything works in 20/20 hindsight but the VP gives great information about where large/small amounts of volume are located within a price chart.
I been going through most of your videos which strategies or strategy would you say is best for day trading with $1000 being a new trader and what time charts should i stay in cause im kinda all over the place with times and strategies lol...
I'm fairly new to the crypto space. Do you know if there is a way to view volume profile without paying for a trading view subscription? I like to trade breakouts/reversals but i tend to use the depth chart. I buy and have a sell order ready just underneath a large sell wall. Typically after the wall the price then goes down which you can then re-buy just before the sell wall breaks or at the lower buy wall.This looks much easier and would help identify larger increases in price rather than minute to minute trades like I've been doing.
This is not a criticism I am trying to understand. In your first volume video you said we aim to buy at an LVN and target a HVN but in this you say when we hit the LVN the price will most like shoot down. Am I wrong in seeing this contradiction?
Another question: in the Clearance example 2, the price went from an HVN to a LVN during consolidation. Why don't you recommend to buy again at the LVN (was one of your tactics in the previous videos). Thanks in advance
No actually a great question. The answer is that it depends on the market state. In the first video I had said that during consolidation we aim to bounce from LVN's to HVN's and so forth. However, when price breakouts of consolidation it typically will tear through weak LVN's. Hope that makes more sense.
Really interesting video. I try to just concentrate on volume and price action so Volume Profile is an interesting addition. I notice you are using the 5 minute time indicator and the levels of Volume profiler, HVN and LVNs change when I use larger time spans(1 and 4 hr). Is it safe to assume that as you enlarge the timeline the older points which make up HVNs become less relevant?
Hi, I like to ask you what are the criteria to select the range using the fixed range VP?, how much time in the past do you take into account or do you select Higher highs or what?, if find that definition quite difficult to identify. Thank you for your videos
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