Support and resistance are essential levels for all traders in swing trading. Before one can start placing orders on the buy/sell side, these key levels will form the battlefield for buying or selling. In the video above, I will show you how to identify the support and resistance levels for swing trading so that you can buy near the support and sell near the...
I just wanted to go over the volume profile of where I like to look for trades. If you find the information valuable and informative, please hit the like button. Cheers!
The only data a trader can base his decisions upon are price, time and volume. Yet many traders don't use the latter, they don't use it at all or they only use the traditional volume bars. A trader should be aware those bars are only based on volume at a certain time, not volume at a certain price. This means the majority of traders use only price and time to...
Check out my video on how to identify support & resistance and other key levels to prepare for day trading session. I am using S&P 500 futures CME_MINI:ES1! as examples to prepare for trading session on 16 & 17 Apr 2020 (Thurs, Fri). Key levels I pay attention to: Previous day high Previous day low non-Regular Trading Hours (RTH) high non-RTH low Swing...
BTC/USD (Update) In Daily Chart, BTC volume has been Decreasing since 12th March Crash, that Means Big Move Ahead. At the Moment, It's Been Moving Btw Major Support (6.6-6.8k) & Key Resistance (7.4k) If Bulls Cleared the Resistance (7375) then Bitcoin Might Jump towards 8.8k Area in Coming Days. If Bulls Lost the Major Support Area then We Could See Another...
playing with more tools. This PP indicator helps to amplify any significant concentrations of activity. Here, you can see an example where there was a double bottom. The PP indicator plotted an 2 key candles. Coincidentally, they also broke a key previous support. You can see the very low activity to the left. You can compare to sell pressure to the buy...
8 Apr 2020 recap - S&P500 e-mini futures CME_MINI:ES1! had a strong rally up and closed near the high around 2750. The strong price action has totally ignored the bearish tone set in 7 Apr 2020, where ES was up more than more than 3% but closed down on the day. In 2008, similar situation had happened a few times, such as on 3, 14, 17 Oct 2008. Every times...
7 Apr 2020 recap - S&P500 e-mini futures (ES) tested the target around 2700-2770 yesterday and had an up thrust movement on level 2700 before closing below 2650, as per my trading idea yesterday. It had a great run-up during the non regular trading hours (RTH). However, weakness did show up during the US session. ES was rejected from the target 2700-2770 with...
In the circle there is a confluence of criteria: stopping volume (demand) extension of price out of demand side of 1 hour Bollinger band with immediate rejection back into channel (multi-time frame Bollinger band indicator)/ also a previous support diminished supply pressure at automatic rally Can you tell when/where the buying began activating? Refer to...
6 Apr 2020 recap - S&P500 e-mini futures (ES) had a great rally to take out the immediate resistance at 2525 during the non-Regular Trading Hour (RTH) and to further commit above 2600-2635 during the RTH. Since ES broke out the trading range between 2440-2630, it is expected to test the higher target at 2700-2770. It is worth noting that the upside target at...
3 Apr 2020 recap - ES did rally to level 2525 and was rejected again. In smaller time frame (M1, M3), it did provide great short entry after the up thrust of the level. However, ES only managed to test 2450 and bounced up from there. The low volume without aggressive demand caused ES to drift down. Should ES still stuck below 2525, it should break down to test...
USI:TVOL Since many people are on self-isolation, and the day off in this case becomes even boring than before, I suggest to relax and think about this: is it worth trading in the first and last hour of trading? It's strange that many people advise not to trade these hours, but not everyone can explain it. Usually, beginners, who have a poor knowledge, trade...
I am leaving this here to make sure does the VP actually works using its HVn. red range; supply range. the rest ranges are HVns based on VP. the price is suposed to zigzag betweeen all Hvns. the basics of VP are so simple and they make alot of sense in the market; **search about this beautiful indicator; volume profile.**
2 Apr 2020 recap - Although yesterday was a bullish day, the character does not confirm this. It started with ugly numbers of jobless claims, which drove ES down to spring the low (around 2433) of the previous day followed by a rally up to test 2525 thanks to a spike up in crude oil. It was highlighted in M15 chart that the 2 candles tested the 2525 level has...
1 Apr 2020 recap - Major movement of ES happened during non-RTH. Level 2450 was tested from the last 4 H1 bars and defended eventually. The last hour bar did spring the prior swing low and form a demand tail. The magnitude of the down move might be significant but without aggressive supply. Daily volume is slightly lower than the previous day (31 Mar 2020)....
It is not a financial advice, It is just my personal idea under the practicing my learning and apply But hope it happened
27 Mar 2020 - last hour sell off with big spread looks threatening. Yet, it still formed a higher low and within the H1 up channel. Expect a test of the bearish last hour bar during non-RTH on Monday. A break of the up channel and 2500 should send ES to test 2400-2450. Overall H1 structure - potential up thrust of 2550 level followed by a test (last hour bar...