The explanation and clues given here are one of the best, if no the best I've seen on that topic, with an awesome pedagogy ! Very concise, and extremely well explained. Thanks a lot for that so useful video, very clear, concise and easy not to understand, but, much better, to assimilate thoroughly in one shot !
I use previous day volume profile. It works great. I trade gold oil and ES. I mark the high low of HVN and poc. I let it reject top or the bottom side and take it to the other end. If not wait for it to reject previous day poc and take it to the other end. Backrest it.
Amazing video!! The is the clearest video I have ever seen of the volume profile!! Could you please tell about the settings of your volume profile? Thanks!!
Thank you for simplified explanation of volume profile. I've been trading for a while and having a hard time grasping the volume indicator at the bottom of the chart but this topic about volume profile, the way you explain it is easy to understand.
Hi Aaron. Glad you are enjoying the content. Yes, the courses every few months I will add new chapters on new trading topics that will add value to it.
Fantastic tutelage. Thank you. Essentially, I feel LVNs are akin to what we'd call gaps (or windows in candlestick terms) on daily or weekly/monthly charts. And gaps are areas of strong opinion; sufficient to propel price above a prior high or below a prior low. The reality is that 'gaps' occur intra-day; they are price areas where value perception shifts rapidly and with strong bullish or bearish opinion, in search of liquidity. So effectively, the same principle which identifies gaps or windows as support or resistance (and why that's so) applies to LVNs on shorter time frame, intra-day or tick charts.
Clear and comprehensive explanation - thank you. One question if I may: I note that you and all other commentators/educators publishing videos on Volume Profile (VP) invariably use ‘traditional’ time based bar/candlestick charts. I use Range charts and wondered if there are any reasons why VP won’t be just as effective with these (and other non-time based charts like Point & Figure and Renko etc.) as it is with time based bar/candlestick charts? Perhaps this would make an excellent topic for your next video! ;-)
My preferred chart for day trading is tick charts and I always use session VP on those. For higher time frame analysis I use hourly/daily. But yes, VP would work with other chart types. I have used volume charts in the past, and also when I use footprint sometimes I like to use a range footprint chart for day trading.
@@PriceActionVolumeTrader Hi PAVT, thank you for the very swift reply. 👍 Interestingly, your answer puts you at odds with another 'guru' on Volume Profile (VP) who said this in answer to the exact same question: "Won’t work with range charts, there will be too much variation in the amount of volume traded per profile in my opinion. You won’t have any set variable that you’re comparing it to such as time." IMO, the difference of opinion just reflects the widely accepted notion that there is no one way - or right way - to trade the markets and what works for one person may not work for the next etc. Interestingly, I've plotted VP on a 200 Range chart (German Dax) and a proxy time based equivalent candlestick chart (30 minutes), and while the VP is similar - it's not the same. At the very least, the difference suggests to me that the settings that work well for one may not be suitable for the other. Ergo, as per my last post - a video on using VP on time based charts Vs non-time based charts (e.g. Range, P&F, Renko etc.) will add to your valuable resource on the topic and provide fresh insights that no other RUclips channels - as in literally none that I've found - currently provide. 😉
I mostly use the 2 free volume profile drawing tools they have on the left menus. Fixed Range and Anchored. From the paid VP indicators I just use the session VPs and periodic. But you can recreate them manually with the free ones.
So you wait until the last 2 hours to trade so the VP is formed. So daily VPs aren't useful in the early day I'm assuming. But how can I trade early? Can I use cumulative VP over the last month or more to find the HVNs and LVNs?
In the early session I use as reference the previous session/s profiles. The levels will still hold significance. So if for example market opens at 9:30am and starts dumping, and is coming to the bottom of a HVN from yesterdays session that is a key area to watch, etc.
@@PriceActionVolumeTrader in November and Dec the volume profile wasn't working because of the lack of pullbacks and I was starting to doubt myself.. this month I got my confidence back, just need to learn to hold my trades and trust my levels
Finding your videos very informative. Was looking at creating a heatmap chart on sierra , could you tell me will I need package 12 for this? Many Thanks.
You could apply anything. It’s all depending what works for you and your strategies. VWAP i think is the best for day trading futures and what most pros use.
Hello, so recently have come across your profile and I’ve been trading for about 4 years now on and off. Had some success but also had some failures. My biggest problem has been being able to spot support and resistance areas more accurately I think using the volume profile could potentially help with that but can you maybe explain how/why you may plot them the way you do?
a trader i know who is quite successful uses the volume profile of a whole year or even 2 years. then he marks the low volume zones. the more overlaps he finds over this long period of time, the better. do you do something similar? how far back in time does your volume profile go?
This was fabulous lesson thank you! Question; With Sierra Chart do you add 2 separate volume profile studies to your charts with their own session times defined within each study, or can you do this with one study and still show the day and evening session profiles separately?
There are less orders sitting in the book. So a big buy/sell market order/s can get through more price levels. Think of it as less friction to get through. Watch this video: How Markets Move - Volume and Liquidity in Trading Using Orderflow ruclips.net/video/oC2YSZKYv7U/видео.html
So you have to trade the edges of the HVNs. But what do you do when it makes new highs? So if I'm using a 50 day volume profile, I can see the edges of the HVNs. But how do I trade it if it makes a new high and breaks out of the 50 day VP? Since at that point there are not HVNs or LVNs.
I just released a video a few weeks ago on how I look for TP levels at ATHs. Look it up in my Educational videos playlist. With the #1 VP rule, you would have to wait for pullback to get in and then just look for new targets using the new HVNs to help manage your trades.
Buenas tardes. El anterior video que vi de este canal dio la opcion de configurar los subtitulos al idioma español y a otros mas, este video no lo permite, eso lo podrias corregir en este y en todos tus videos que presenten esta anomalia?
No se que cambios hizo RUclips pero la opción de subtítulos ya no permite adicionar manualmente idiomas. Creo que ahora detecta automáticamente la locación y seguiré subtítulos así. Voy a fijarme a ver si va hay alguna otra opción disponible.
Watch the original 2022 version of this video with more examples here: ruclips.net/video/GTErzKx0ePE/видео.html
Volume profile is the hidden smart money concepts that showed volume is the real part of price action 👍
The explanation and clues given here are one of the best, if no the best I've seen on that topic, with an awesome pedagogy !
Very concise, and extremely well explained.
Thanks a lot for that so useful video, very clear, concise and easy not to understand, but, much better, to assimilate thoroughly in one shot !
Great feedback Gerard.
Thanks for your time and your support to the community great video information thanks
You bet
This was an eye opener. I appreciate your methodical approach to subject matter delivery.
Appreciate it Keith
I use previous day volume profile. It works great. I trade gold oil and ES. I mark the high low of HVN and poc. I let it reject top or the bottom side and take it to the other end. If not wait for it to reject previous day poc and take it to the other end. Backrest it.
Do you have a Discord handle? Would love to discuss, I've been charting w/ Volume profile for S/R on /ES and it looks pretty damn good
Hey, also interest in your use & insights of the volume profiles 🤘
Also works like a beast on BTCUSD
This is the only strategy I use. Thank you for your teachings 💌
How is the results please?
wonderfully explained! Thank you!😍
That was a very clear explanation of volume profile! Thank you! 👍
Appreciate it Arne.
i had viewed so many videos my basic was not clear, so thankful to you sir for the good explanation!!
Glad to hear that
By the way love your teaching style!
Thank you for all this content btw!
This is such a killer way to enter trades when used properly. Thank you!
this truly is the best indicator...highly practical
Amazing video!! The is the clearest video I have ever seen of the volume profile!! Could you please tell about the settings of your volume profile? Thanks!!
Hey. I have one already in my channel. Search for “anchor volume profile”. There are 2 parts. Part 2 are the settings.
Thank you for simplified explanation of volume profile. I've been trading for a while and having a hard time grasping the volume indicator at the bottom of the chart but this topic about volume profile, the way you explain it is easy to understand.
Glad it was helpful!
Wow…. This is so enlightening and clear! Love this! Thanks!
Glad it was helpful!
Excellent tutorial. Thank you.
You are welcome!
Very good information here... Thanks my man
Thank you so much! Great video!
You're very welcome!
I like the new intro! Definitely going to take your course. Are you continually updating your course with additional insights?
Hi Aaron. Glad you are enjoying the content. Yes, the courses every few months I will add new chapters on new trading topics that will add value to it.
K this helped me immensely, thank you!
Thanks for sharing this!!!!!
Fantastic tutelage. Thank you. Essentially, I feel LVNs are akin to what we'd call gaps (or windows in candlestick terms) on daily or weekly/monthly charts. And gaps are areas of strong opinion; sufficient to propel price above a prior high or below a prior low. The reality is that 'gaps' occur intra-day; they are price areas where value perception shifts rapidly and with strong bullish or bearish opinion, in search of liquidity. So effectively, the same principle which identifies gaps or windows as support or resistance (and why that's so) applies to LVNs on shorter time frame, intra-day or tick charts.
Yeah. Lvns are areas where very little volumes accumulated. Price either rejected there or went through very fast like in the formation of as gap.
excellent and informative. im glad i came across this video.
Clear and comprehensive explanation - thank you.
One question if I may: I note that you and all other commentators/educators publishing videos on Volume Profile (VP) invariably use ‘traditional’ time based bar/candlestick charts. I use Range charts and wondered if there are any reasons why VP won’t be just as effective with these (and other non-time based charts like Point & Figure and Renko etc.) as it is with time based bar/candlestick charts? Perhaps this would make an excellent topic for your next video! ;-)
My preferred chart for day trading is tick charts and I always use session VP on those. For higher time frame analysis I use hourly/daily. But yes, VP would work with other chart types. I have used volume charts in the past, and also when I use footprint sometimes I like to use a range footprint chart for day trading.
@@PriceActionVolumeTrader
Hi PAVT, thank you for the very swift reply. 👍
Interestingly, your answer puts you at odds with another 'guru' on Volume Profile (VP) who said this in answer to the exact same question: "Won’t work with range charts, there will be too much variation in the amount of volume traded per profile in my opinion. You won’t have any set variable that you’re comparing it to such as time." IMO, the difference of opinion just reflects the widely accepted notion that there is no one way - or right way - to trade the markets and what works for one person may not work for the next etc.
Interestingly, I've plotted VP on a 200 Range chart (German Dax) and a proxy time based equivalent candlestick chart (30 minutes), and while the VP is similar - it's not the same. At the very least, the difference suggests to me that the settings that work well for one may not be suitable for the other. Ergo, as per my last post - a video on using VP on time based charts Vs non-time based charts (e.g. Range, P&F, Renko etc.) will add to your valuable resource on the topic and provide fresh insights that no other RUclips channels - as in literally none that I've found - currently provide.
😉
Amazing video!! Thank you!! 👏👏
Glad you liked it!
Great video btw!
Thank you! I finally understand! You are my hero!
Which VP indicator do you use on tradingview?
I mostly use the 2 free volume profile drawing tools they have on the left menus. Fixed Range and Anchored. From the paid VP indicators I just use the session VPs and periodic. But you can recreate them manually with the free ones.
@@PriceActionVolumeTraderawesome! What is the setting you use for the fixed range and anchored?
Good lesson, thanks
Very well explained> Great stuff. Thanks
Thanks for valuing content
Glad you think so!
Great revision
Glad you liked it.
Thanks, nice video
Just used previous day POC and area value low and high that’s it
thanks so much
Excelente... Gracias!
Con gusto!
Many thanks for this!
So you wait until the last 2 hours to trade so the VP is formed. So daily VPs aren't useful in the early day I'm assuming. But how can I trade early? Can I use cumulative VP over the last month or more to find the HVNs and LVNs?
In the early session I use as reference the previous session/s profiles. The levels will still hold significance. So if for example market opens at 9:30am and starts dumping, and is coming to the bottom of a HVN from yesterdays session that is a key area to watch, etc.
big thanks
No problem!
Great video!!!!
Glad you enjoyed it
@@PriceActionVolumeTrader in November and Dec the volume profile wasn't working because of the lack of pullbacks and I was starting to doubt myself.. this month I got my confidence back, just need to learn to hold my trades and trust my levels
Appreciate your content, how do i get these softwares? I mean VP and footprints chart. Thanks
Most trading platforms offer them. They are just indicators. Trading View does not have footprint charts yet. But most others do.
Finding your videos very informative.
Was looking at creating a heatmap chart on sierra , could you tell me will I need package 12 for this? Many Thanks.
You can do it with package 11 which has full market depth.
In crypto markets the SVP also should start at 9:30 or do i start at 00:00?
No. Crypto I would start it at the new candle open each day. One single 24 hour session each day.
thanks!!!@@PriceActionVolumeTrader
No problem
Does it have to be VWAP? Would SMA , EMA or WMA work with this indiccator? Thanks for this video!
You could apply anything. It’s all depending what works for you and your strategies. VWAP i think is the best for day trading futures and what most pros use.
What else do you trade besides emini 500?
Day trade only ES and NQ. Swing trade Bitcoin.
What timeframe should i use to find HVNs? If i zoom all the way out, there are only a few HVNs and LVNs.
It all varies. I’ll try to make a video on this soon to clear it up.
@PriceActionVolumeTrader That would he awesome!... for now though, I only intraday trade if that makes a difference.
Great video!
Hello, so recently have come across your profile and I’ve been trading for about 4 years now on and off. Had some success but also had some failures. My biggest problem has been being able to spot support and resistance areas more accurately I think using the volume profile could potentially help with that but can you maybe explain how/why you may plot them the way you do?
a trader i know who is quite successful uses the volume profile of a whole year or even 2 years. then he marks the low volume zones. the more overlaps he finds over this long period of time, the better. do you do something similar? how far back in time does your volume profile go?
I look for past confluence swings, but yeah usually my longer term ones are 1-2 years back.
Man yearly volume profile is absolutely awesome … you need to make a backtest on Goldwith yearly VP… you mind will explode😁
thank you, video it you very special and good
I'm glad you like it
what is the of the indicator on tradingview pls?
Anchored Volume Profile tool. Sometimes also Fixed Range VP tool.
This was fabulous lesson thank you! Question; With Sierra Chart do you add 2 separate volume profile studies to your charts with their own session times defined within each study, or can you do this with one study and still show the day and evening session profiles separately?
Yes. Sierra has a built in option for the daily VPs to split them between regular and extended hours.
Tanx a lot
What about CFD please, is it the same?
Yes
Excellent
I was going to try this out on sim mode today and it just kept dumping. No way to enter it.
Zoom out when that happens.
One thing i don't understand, how do price move quickly when volume is low. I thought volume moves prices.
There are less orders sitting in the book. So a big buy/sell market order/s can get through more price levels. Think of it as less friction to get through.
Watch this video:
How Markets Move - Volume and Liquidity in Trading Using Orderflow
ruclips.net/video/oC2YSZKYv7U/видео.html
@@PriceActionVolumeTrader thanks for clarifying, now i am clearer
Thank
What is the exact version of Volume Profile are you using?
Anchored Volume Profile Tool
So you have to trade the edges of the HVNs. But what do you do when it makes new highs? So if I'm using a 50 day volume profile, I can see the edges of the HVNs. But how do I trade it if it makes a new high and breaks out of the 50 day VP? Since at that point there are not HVNs or LVNs.
I just released a video a few weeks ago on how I look for TP levels at ATHs. Look it up in my Educational videos playlist. With the #1 VP rule, you would have to wait for pullback to get in and then just look for new targets using the new HVNs to help manage your trades.
@PriceActionVolumeTrader Gotcha thanks. I'll check it out.
Buenas tardes. El anterior video que vi de este canal dio la opcion de configurar los subtitulos al idioma español y a otros mas, este video no lo permite, eso lo podrias corregir en este y en todos tus videos que presenten esta anomalia?
No se que cambios hizo RUclips pero la opción de subtítulos ya no permite adicionar manualmente idiomas. Creo que ahora detecta automáticamente la locación y seguiré subtítulos así. Voy a fijarme a ver si va hay alguna otra opción disponible.
Gracias
hey! how do you make your volume profile look like this?
Just the basic settings from Trading View
Wow great stuff! love it Ty! 5Stars *******
merci beaucoup
👍👍