BEST PLACE TO TRADE USING VOLUME PROFILE đŻ
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- Äas pĆidĂĄn 9. 01. 2023
- đ go.elitetraderworkshop.com/Free
A common misconception among market profile traders is that the VPOC is the best place to find reversals. The problem with this statement is that for day traders, the VPOC lacks precision. Yes, the VPOC is a good place to get filled on a market order or to accumulate a larger position, but it definitely is not a good location for merely accessing your trade idea.
If you want to trade around the VPOC, consider trade setups that move away from the VPOC with structures that allow you to manage risk.
To summarize: The directional value of the VPOC is limited by its lack of precision. Consider the VPOC as a magnet instead of simply being a location to buy or sell when the market gets there.
#DayTrading #VPOC #VolumeProfile
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And you can use the previous day's value area high and low as they are still relevant, especially at the open or Asian session
P.O.C for take profit not interested in trading pocs blindly
Depends on if it coincides with another setup, particularly developing after lunch higher is a nice long
It was so good to find your video, I found this is very easy to understand and useful, thank you and looking forward to further sharing.
but im so stuck it's gone like over the 6 dca shotts I've taken..like 5 percent gaps but now only hoping it crashes..market seems so bullish hope ltc doesn't hit my liquidation at 151
Your videos are clear and helpfull, thankyou for sharing them.
Thanks Damian. We are always trying to do our best.
Thanks for sharing this,...its such a coincidence! I have shorted LTC since it moved away from the Vpoc from 70.88 and kept shorting it till 87 ...my average short is like 81...now they say the market is gonna climb further..my question is that my liquidation is like still 90 percent away at 153 and the price at the moment is 89...should i be worried..coz I traded this exactly as you have elaborated here.. with session volume profile..help pls cheers and loves regards samanth.
What scales (h1/d1/month) you guys refer to on daytrading?
I have found that price wants to revisit the vpoc of its most recent profile.
Like you said, POC are great for buying and selling at the level. I tend to use them to get in some tight range scalping back and forth long and short on the futes. Use those low value nodes to pin some nice reversals or follow through trend continuations like butter.
Great video! Could explain that to a five year old. Good breakdown of fundamentals
Glad you liked it Anon.
Pocs should only be used as magnets or targets
Lol you didnât explain where the best place to trade was, only where not to trade⊠which everyone knows you get out if youâre at VPOC and to not initiate at it either
Agree. This is a truly terrible example of how to use VP and I would suggest these guys are not used for this strategy