Volume Profile trading | Forex Factory

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Volume Profile trading

  • #1
  • First Post: Oct 24, 2018 5:33am Oct 24, 2018 5:33am
Hello everyone!

this thread is dedicated to trading using volumes and Volume Profile. I believe that Volume Profile is the single best tool to analyze the markets. The reason is that it sort of tracks the big banks who manipulate the price and the markets.

I will publish some of my trading ideas and I would also like of you posted yours.

I am also looking forward to having some discussion regarding the Volume Profile, volumes in general and of course simple Price Action.

I hope you will find this thread inspiring, useful and friendly place to learn

-Donald
  • #2
  • Oct 24, 2018 5:38am Oct 24, 2018 5:38am
Strong volume based resistance on the EUR/USD:
Attached Image (click to enlarge)
Click to Enlarge Name: eur resist.png Size: 77 KB
  • #3
  • Oct 24, 2018 5:52am Oct 24, 2018 5:52am
Similar scenario - only on the USD/CHF (heavily correlated with EUR/USD - currently -86 %)
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf level.png Size: 74 KB
  • #4
  • Oct 24, 2018 7:27am Oct 24, 2018 7:27am
will this turn the EUR/USD? Opinions guys?
Attached Image (click to enlarge)
Click to Enlarge Name: now.png Size: 68 KB
  • #5
  • Oct 24, 2018 7:36am Oct 24, 2018 7:36am
Massive volumes on OIL = good resistance:
Attached Image (click to enlarge)
Click to Enlarge Name: oil short.png Size: 69 KB
  • #6
  • Oct 24, 2018 7:56am Oct 24, 2018 7:56am
Nice. I use normal tick volume in my trading & wish my ctrader platform had volume profile though as I would love to test it's potential in my approach. I tried converting .mq volume profiles before but they always turned out bad.

There is also Market Profiles, similar to volume profile...do you know about this, can they be used together?

In any case good luck with the thread & your trading.
who dares wins
  • #7
  • Oct 24, 2018 8:10am Oct 24, 2018 8:10am
Quoting MasterJedi
Nice. I use normal tick volume in my trading & wish my ctrader platform had volume profile though as I would love to test it's potential in my approach. I tried converting .mq volume profiles before but they always turned out bad. There is also Market Profiles, similar to volume profile...do you know about this, can they be used together? In any case good luck with the thread & your trading.
Yep, the best is just for the NT platform. I have little experience with ctrader, but I imagine it doesn't have the possibilities to have a proper volume profile like this one.
I think Market Profile and Volume Profile can be used together, but I would prefer Volume Profile because...well because it shows volumes )
Thanks buddy, good luck with your trading too!
  • #8
  • Oct 24, 2018 8:28am Oct 24, 2018 8:28am
Quoting DonaldFX
will this turn the EUR/USD? Opinions guys? {image}
Don, do you mind sharing the file upload of that volume indi mate?

Nice thread
4&1 All Time Profit: $37,496
  • #9
  • Oct 24, 2018 8:41am Oct 24, 2018 8:41am
Quoting MzansiObi
{quote} Don, do you mind sharing the file upload of that volume indi mate? Nice thread
I would really like to do that, but I had to buy this indi ($99) and it is bound to my computer somehow, you probably wouldn't be able to run it without making the purchase yourself sorry.

Still, the indi is absolutely worth the money. Best Volume Profile indi around in my opinion.
  • #10
  • Oct 24, 2018 8:46am Oct 24, 2018 8:46am
Quoting DonaldFX
{quote} I would really like to do that, but I had to buy this indi ($99) and it is bound to my computer somehow, you probably wouldn't be able to run it without making the purchase yourself sorry. Still, the indi is absolutely worth the money. Best Volume Profile indi around in my opinion.
whats it called whered you buy it?
4&1 All Time Profit: $37,496
  • #11
  • Oct 24, 2018 9:13am Oct 24, 2018 9:13am
Quoting MzansiObi
{quote} whats it called whered you buy it?
I bought a book and there was an option to grab the indi with the book:
https://trader-dale.clickfunnels.com/ebook-order-form

It is $50 cheaper this way because it normaly costs $149 (https://www.trader-dale.com/flexible-volume-profile-forex-indicator/)
  • #12
  • Oct 24, 2018 11:47am Oct 24, 2018 11:47am
Lol wow. 1 day revoke record
  • #13
  • Oct 24, 2018 12:10pm Oct 24, 2018 12:10pm
Quoting hilmy83
Lol wow. 1 day revoke record
Lol what happened?
4&1 All Time Profit: $37,496
  • #14
  • Oct 24, 2018 4:50pm Oct 24, 2018 4:50pm
Quoting MzansiObi
{quote} Lol what happened?
Kind of short thread !
  • #15
  • Oct 25, 2018 12:23am Oct 25, 2018 12:23am
No worry he will be back soon like they always would. Not if but when.
Hehe
  • #16
  • Nov 24, 2018 3:31pm Nov 24, 2018 3:31pm
Quoting DonaldFX
Hello everyone! this thread is dedicated to trading using volumes and Volume Profile. I believe that Volume Profile is the single best tool to analyze the markets. The reason is that it sort of tracks the big banks who manipulate the price and the markets. I will publish some of my trading ideas and I would also like of you posted yours. I am also looking forward to having some discussion regarding the Volume Profile, volumes in general and of course simple Price Action. I hope you will find this thread inspiring, useful and friendly place to learn...
Can you provide the indicators that you use please for Volumes and Volume Profile With MT4?

Also can you share the Download Links to these indicators that you use or if one can be found on MT4 Please Donald or anyone?

Thank You.
  • #17
  • Last Post: Apr 8, 2019 2:31am Apr 8, 2019 2:31am
hello Donald, nice thread on volume profile. I'm from Indonesia and currently trying to get my head around volume based analysis on forex and and i think volume profile is the way to go. I would like to learn about your rule of using the volume profile on your snapshot. Why did you use two box ? What about the volume POC ? what was your rule about the volume box time frame ? is it necessary to find a in line/adjacent POC for support/resistance zone ?

thank you, and your reply is very much appreciated.
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