Volume Profile - Let's Discuss Patience | Forex Factory

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Volume Profile - Let's Discuss Patience

  • #1
  • First Post: Edited 6:56am Jan 23, 2020 6:40am | Edited 6:56am
Volume Profile is a great tool to use for spotting fair value. So you want the best price? Where do you find it?

There are four reliable areas on the following chart to consider buying or selling, and one place where you shouldn't even consider placing a trade.

Attached Image (click to enlarge)
Click to Enlarge Name: volume profile.jpg Size: 127 KB

Based on the chart above, where would you buy or sell? Where wouldn't you even consider placing a trade? And why?
Learn from your mistakes and march on.
  • #2
  • Apr 6, 2020 12:00am Apr 6, 2020 12:00am
It would be nice if you share the indicator so I could Try it myself then somehow we can discuss our experience using it
  • #3
  • May 8, 2020 9:41am May 8, 2020 9:41am
Quoting here2there
Volume Profile is a great tool to use for spotting fair value. So you want the best price? Where do you find it? There are four reliable areas on the following chart to consider buying or selling, and one place where you shouldn't even consider placing a trade. {image} Based on the chart above, where would you buy or sell? Where wouldn't you even consider placing a trade? And why?
The obvious place is to Buy Low & Sell High. At Fair value POI the price is in balance, so diificult to say which way it will go. Maybe a news event will change the dynamics.

Also this is a 3 day chart, so this graphic will be very different for a larger or smaller timeframe, so how do you decide the sample range ?
It never gets easier, you just get better
  • #4
  • Aug 8, 2020 12:12pm Aug 8, 2020 12:12pm
I just started volume profile, so absolutely new rookie, but my opinion on the chart what you shared need to sell and TP around 1.10000. What you think #here2there
  • #5
  • Aug 28, 2020 6:05am Aug 28, 2020 6:05am
You know, I'd like to understand exactly how you work and how you distribute your capital in order to understand what kind of advice you need. After all, as you know, you can open orders for price rise and fall at the same time - everything depends on the strategy, expiry time, etc. Plus, I would also like to understand what kind of indicator this is and which settings you used in this case - standard or something more specific.
Your message gave me the idea that the market is a lot of opportunities, but it's not so easy to figure out all these things out, especially if you're facing a lack of information.
  • #6
  • Sep 11, 2020 6:54pm Sep 11, 2020 6:54pm
Low Volume nodes are the Support & Resistance. U wanna enter during Low Volume Nodes and get out on High Volume Nodes. Only by then will u win more than u lose. don't try to be a swinger and trade from 1 Low Volume nodes to the other, it's basically useless. yup this becomes range trading, but we're talking intraday here. trade the 1min time frame for better understanding.
Steps to profitability: Collect data, money management, stay bored
  • #7
  • Sep 11, 2020 7:33pm Sep 11, 2020 7:33pm
Low Volume nodes are the Support & Resistance. U wanna enter during Low Volume Nodes and get out on High Volume Nodes. Only by then will u win more than u lose. don't try to be a swinger and trade from 1 Low Volume nodes to the other, it's basically useless. yup this becomes range trading, but we're talking intraday here. trade the 1min time frame for better understanding.
Steps to profitability: Collect data, money management, stay bored
  • #8
  • Sep 11, 2020 7:50pm Sep 11, 2020 7:50pm
Quoting here2there
Volume Profile is a great tool to use for spotting fair value. So you want the best price? Where do you find it? There are four reliable areas on the following chart to consider buying or selling, and one place where you shouldn't even consider placing a trade. {image} Based on the chart above, where would you buy or sell? Where wouldn't you even consider placing a trade? And why?
take the candles off it and then look. fair value is 50:50 equilibrium so a good price will be at the extreme swings. like anything in markets thats when you make good money or go bust forget direction its a false god
grist for the mill
  • #9
  • Sep 12, 2020 9:07pm Sep 12, 2020 9:07pm
Quoting JackJones
{quote} take the candles off it and then look. fair value is 50:50 equilibrium so a good price will be at the extreme swings. like anything in markets thats when you make good money or go bust forget direction its a false god
I used to be a strong advocate of volume profile. Not anymore.
Learn from your mistakes and march on.
  • #10
  • Sep 13, 2020 10:43am Sep 13, 2020 10:43am
Quoting JackJones
{quote} take the candles off it and then look. fair value is 50:50 equilibrium so a good price will be at the extreme swings. like anything in markets thats when you make good money or go bust forget direction its a false god
It seems to me the extremes are best defined by Monthly and Quarterly pivots. It's a long wait! Lol
Learn from your mistakes and march on.
  • #11
  • Sep 14, 2020 2:40am Sep 14, 2020 2:40am
Quoting here2there
{quote} It seems to me the extremes are best defined by Monthly and Quarterly pivots. It's a long wait! Lol
or trade to the conditions, ie if somethings 50/50 dont bet the farm.
grist for the mill
  • #12
  • Last Post: Nov 25, 2020 10:54pm Nov 25, 2020 10:54pm
What indicators have you been using? That would help give you a better answer.
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