In this post I wanted to do a breakdown of how to combine two profiles, so we had this big fall away from the VRVP, we had declining sized bars, we had less orders in leymans terms, so we can use a fixed range profile of the fall away to get a better reading of the orders in detail in the fall, remember VRVP gives a big scope, fixed gives a narrow scope, so price entered an area of Low volume which I labelled in the chart.
So when price leaves the main VRVP use a fixed range on the down move to find the POC (Point of Control) AKA green chequered line, and aim back to the fair price, this is how you find value when trading!
Now when you see these crazy moves, I want you to break them down in a sensible and logical approach, treat trading like a business! become a master of finding Value!
More to come! ZenFlo
So when price leaves the main VRVP use a fixed range on the down move to find the POC (Point of Control) AKA green chequered line, and aim back to the fair price, this is how you find value when trading!
Now when you see these crazy moves, I want you to break them down in a sensible and logical approach, treat trading like a business! become a master of finding Value!
More to come! ZenFlo
Comment:
I have posted a few things on Indicators ect, but from now my posts will be more around volume profiles, I will still post indicator breakdowns and algo building, but in general the posts will be more associated with volume profiles as I honestly do not believe in trading without them!
Comment:
I have drawn the white rectangle on the chart to represent where price is likely to head, look right and see how it aligns with bigger bars on the VRVP.