I use Market Profile and Price Action for my analysis.
Please read the basic rules for trading my intraday levels (linked to this idea)
*This is not any sort of trading recommendation. Trade at you own risk
I got shaken out of my long briefly yesterday, only to re-enter (at a worse price). The position is in the green and will continue to add to it because I want to get paid if the hypothesis is correct.
Volume is good overnight and a ledge at the top, indicating we are not done going higher yet.
Look forward to seeing you guys in class at 930.
Since Binance added Margin to there platform, we can Short position to reduce your profit.
Since ETHBTC is in a Downtrend, there is a nice potention short Setup on the 30 min timeframe.
See the volume cluster and the breaking down of the support. This support was a strong one the last year.
My opinion, when the price go back up, we have a potentional setup at the...
Bitcoin is just correcting its very long inventory. No need to worry for longer-term holders! It is just substituting weak-hand longs for stronger ones!
Based on profiles from week 25 to week 27 of 2019, we've had an aggressive buying by short term traders which is very evident in week 25.
In week 26, we got an excess high due to high liquidation by these day...
Ethereum/EURO pair has a breakout bias this week. Potentially it can breakout before Wednesday.
Oscillators bias: Neutral
EWP bias: Bullish*
*Potential triangle 4th correction into a last push before further correction.
Right now is EURGBP in nice trend up...
However the market not give to us change take long trade on near volume cluster...
For that reason nice single confirmed with volume cluster is around 0.868 for long trade.
Here is the most significant levels for this week on NZDCAD.
I expected on this levels oportunity go short.
Both of this level is based on volume accumulation setup.
From price level 0.9247 followed strong sell off, this is why i expected that strong sellers will be fight about this price.
I am currently looking for indication the next move will take us to the 61.8, possibly 78.6 fib
The 61.8 fib lines up with current level and size of earlier candle 3240 - 3470
Looking at volume profile I have orders to add long if we retouch the 3240 support or wick to 0 fib at 3200
I already have a short open from 36 so will keep a close stop on long,...
Right now is two parts of the Volume Areas... One without volume that was created by rapid motion up. The effectiveness of the Volume profile suggests that this area should be filled in the future. But for my is not so interesting this area.
Other one Volume area which i call " MASSIVE VOLUME " area is more importent for me. Because there was the accumulation of...
Strong resistance has changed to good support. Pretty heavy volumes got accumulated around the 113.06 area. Then a really strong buy-on started. When the price makes it back to this level I expect a reaction, because those strong buyers are most likely to defend their buying positions and to push the price upper again. The biggest Volume in chart is your the...
Lot of confirmation for this long level. ( support 1 )
1. There is significant volume cluster
2. So many rejection at history
3. Level was very good support
So price action with Volume profile... Combination what i try explain all my members!
I said it at the beginning of my book – indicators are quite useless. Big institutions don't care about them. Also, standard indicators work only with "price" and "time". For that reason the information indicators provide are always delayed.
Novice traders need to accept the fact that there isn’t a magic combination of indicators that would make good and...
This trade idea is based mostly on a Trend setup. There is a strong downtrend on the NZD/CAD right now. In such case, I look for volume clusters that were created within the downtrend. Such a volume cluster as around 0.8767 shows us that sellers were adding to their selling positions there and that they continued pushing the price lower from this area. When the...
This trade idea is based mostly on a Trend setup. There is a strong downtrend on the NZD/CAD right now. In such case, I look for volume clusters that were created within the downtrend. On the biggest volume cluster are more likely to respond by correction. This is reason why i wait for returning market to this volume cluster. How i set profit and target can you...