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Volume Price Level Trading

  • #241
  • Jan 16, 2013 8:21pm Jan 16, 2013 8:21pm
VPLT Live Trade Example
EUR/USD M15

(1) After a volume peak there is always a drop in volume (interest). Here price goes up and away from our price level of 1.32950. Interest is slightly less, but at this point there is no way to know where the market is headed. What we need to wait for is for the market to tell us how it will move around our current price level, or where the next price level is.
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  • #242
  • Jan 16, 2013 8:22pm Jan 16, 2013 8:22pm
(2) Price rose and interest rose. This means that the market has more interest up in the 1.3310 level. It is possible that this is a new volume peak and that could make 1.3310 a new price level. We will have to wait for our (3) candle to close and then we should be able to make some decisions if we get a new price level.
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  • #243
  • Jan 16, 2013 8:23pm Jan 16, 2013 8:23pm
(3) We have established a volume peak at (2). Our new price level is 1.3310. So market interest seems to be far less at this new price level.
Take a step back and look at (1) to (3) together...price up, interest down. The overall market less interested in 1.3310.
Take a short position as high above 1.3310 as we can, in the open (4) candle is fine. No matter what, take a short at 1.3310.
You can have a lot of fun scalping by taking short positions when the price level rises above 1.3310 and exiting below 1.3310....and make some extra pips as price moves through the open candle. Keep to the overall short market, so no long trades.
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  • #244
  • Jan 16, 2013 8:24pm Jan 16, 2013 8:24pm
(4) Basically no change in market interest or price. Looking at all 4 candles and volume together, still a short market. So everything holds true from (3).
Ideally, we will see some rise in price and less market interest. This will allow us to add better short positions. However, 1 short position is fine if that is all you want to trade, as long as it is at 1.3310 or higher.
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  • #245
  • Jan 16, 2013 8:25pm Jan 16, 2013 8:25pm
(5) Price up, interest lower. It is just pips in the pocket. You should have at least 1 short entry at 1.3310 by now. When price drops, we want volume up. When price rises, we want volume down. Exit....10 pips is grand. Watch the price volume...beware of a possible volume peak, that may end our downward move.
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  • #246
  • Jan 16, 2013 8:26pm Jan 16, 2013 8:26pm
(6) And there we have it. Easy 10 pips. I had 2 scalps open and a third with a 1.3300 short target...in all it was 28 pips after spreads...and that is my day of trading done (20 pips). My scalps went a lot better than expected.
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  • #247
  • Jan 16, 2013 8:30pm Jan 16, 2013 8:30pm
I hope running through a live trade session like that was a lot easier to follow. I'll do plenty more in days to come.

You can see how by focusing on both individual price/volume moves and the collective move up/volume down, this was an easy short market move to fall into..and literally that is all we do, find the price levels and follow price/volume.
  • #248
  • Jan 16, 2013 9:18pm Jan 16, 2013 9:18pm
VPLT Live Trade Example
EUR/USD M15

(1) Look back 2 candles from (1). Downward price, increasing volume. Don't be fooled that (1) is a turn around. If next candle price is up and volume down, then we have a new volume peak and price level....but more important we will still be going down.
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  • #249
  • Jan 16, 2013 9:19pm Jan 16, 2013 9:19pm
(2) New price level with volume peak. You can see I shifted up the old price level at 1.3295 to the new level at 1.3300. No need for clutter. We are still in a short position. Choices are to enter short now and/or wait for price to get as close to 1.3310 as you can. Stay focused on (1) and (2)....price up, volume down. Scalp to 1.3300 or ride the price/volume in your short trade.
New game if price reaches 1.3310.
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  • #250
  • Jan 16, 2013 9:20pm Jan 16, 2013 9:20pm
(3) The markets are being nice and easy tonight. Price down, volume up...short! Better to be in above 1.3300. If (3) becomes a volume peak, it will simply confirm our 1.3300 price level.
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  • #251
  • Jan 16, 2013 9:23pm Jan 16, 2013 9:23pm
(4) No surprises. Market did exactly what it told us it would do. I exited at 1.3290 with 2 short trades. I like to play it a little safe.
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  • #252
  • Jan 16, 2013 9:29pm Jan 16, 2013 9:29pm
Just peaked at the chart....we could have kept going short...here's a pic. Hope you enjoyed these 2 trade sessions. Now go practice some VPLT.
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  • #253
  • Jan 17, 2013 1:25am Jan 17, 2013 1:25am
Thanks Spud. Absolutely fantastic your analysis . Since your thread for the first time I really understood how to read the market.

Best regards
Jess
  • #254
  • Jan 17, 2013 2:27am Jan 17, 2013 2:27am
Quoting Spudfyre
I'm very happy with 7-20 pip trades. I target 20 pips a day and it nets me about 7500 pips a year. That's my "salary" portion of trading which I trade with huge discipline.

Now the other side of the down time inbetween, I scalp. I will discuss this with VPLT shortly as scalping is just plain fun and if you can be consistent with it and VPLT, will make you crazy pips...and every night scalping you will fall into a candle that will just shoot off and grab you 20,30,50,etc pips.

For example, I scalped for about 3 hours on EUR/USD M15...

Hi Spudfyre,

Just gone through some of your older threads.

Starting to see what you mean and that it is a good idea when you said you have an "Income Account" for income 20-pips, and a separate "Bank Account" to bank more pips.
But unsure how you measure or whether you really separate out the money into 2 accounts.

Are you still using Stoch or you focus on VPL now?

You mentioned scalping for 2-3 pips, I cannot see how I could do that, and with my broker the spread is already that.
Hope you can show some chart examples of how you scalp.

I need to clean up the VPL lines after 1-2 days, otherwise just too many.

And can observe there is a difference between when I put S&R lines, and then price would react to VPL before reaching S&R lines.

Going through mostly my January charts, I seem easier to do Short than Long in reading VPL, and also perhaps better timing is in quieter sessions where there not not much high volume bars. Seem like Asian session may be easier to react to VPL.
Would you agree on this?

As finding it a bit difficult to see the Longs, would you please include more charts for Longs if possible?

Thanks again.
  • #255
  • Jan 17, 2013 3:50am Jan 17, 2013 3:50am
Hi Spudfyre

You are the man.I use your VPLT in my live Trade.It success beautiful.
For me last 3 years. My position in trade most loss .Less to earn.My starting budget was gone all time.
I try to find the many system from internet.But less system gave me confident.Until i read you escaltor to pip.
That was great.But i still donot know the point to trade.Until u back and share the Volume Price Level Trading.
Now i can confident when trade.You are my master.Thank you so much.

Can u advice how to apply to DJI ( Future ) and DAX ( Future ).For those MT4 didnot provide Volume cleary
  • #256
  • Jan 17, 2013 6:44am Jan 17, 2013 6:44am
Quoting enkaisamu
Hi Spudfyre

You are the man.I use your VPLT in my live Trade.It success beautiful.
For me last 3 years. My position in trade most loss .Less to earn.My starting budget was gone all time.
I try to find the many system from internet.But less system gave me confident.Until i read you escaltor to pip.
That was great.But i still donot know the point to trade.Until u back and share the Volume Price Level Trading.
Now i can confident when trade.You are my master.Thank you so much.

Can u advice how to apply to DJI ( Future )...
enkaisamu, glad to know someone understand VPLT already. Kindly give us your tip or kindly please post your trade examples like Spud? Many thanks!
  • #257
  • Jan 17, 2013 8:23am Jan 17, 2013 8:23am
Quoting mario777
enkaisamu, glad to know someone understand VPLT already. Kindly give us your tip or kindly please post your trade examples like Spud? Many thanks!
Yes that's a good idea. Someone who has grasped it may want to explain it in their own words to those of us who are still struggling to get their heads round the whole process.

Thanks
  • #258
  • Jan 17, 2013 8:46am Jan 17, 2013 8:46am
Quoting mario777
enkaisamu, glad to know someone understand VPLT already. Kindly give us your tip or kindly please post your trade examples like Spud? Many thanks!
I didnot Trade on Forex .I Trade stock and Future.So i am Afraid that will confuse all of u.But i will try to develop one for your reference .
  • #259
  • Jan 17, 2013 8:48am Jan 17, 2013 8:48am
Quoting Spudfyre
(3) We have established a volume peak at (2). Our new price level is 1.3310. So market interest seems to be far less at this new price level.
Take a step back and look at (1) to (3) together...price up, interest down. The overall market less interested in 1.3310.
Take a short position as high above 1.3310 as we can, in the open (4) candle is fine. No matter what, take a short at 1.3310.
You can have a lot of fun scalping by taking short positions when the price level rises above 1.3310 and exiting below 1.3310....and make some extra pips as...

This post exemplifies why I am confused.

(3) We have established avolume peak at (2). Our new price level is 1.3310
OK. Makes sense.


Our new price level is 1.3310.
Yep. So far, so good.

So market interest seems to befar less at this new price level.
Huh? Price goes up (bar before bar 1) and volume goes up. Price bar 2volume drops a bit when going up (signifying less interest) but on bar 3 price goes up anddoes so on even higher volume. Looks like quite a bit of interest at thatlevel. When price drops at price bar 3 volume greatly declines. My understandingis that price is not interested in going lower yet you suggest taking a shorttrade.


Take a step back and look at(1) to (3) together...price up, interest down.
Taken together I see price that price goes up and volumegoes up. The first real volume decline is when the candle closes down. Why isn’tthe market interest level at higher prices instead of lower prices (pricedrops, volume/interest drops meaning no interest in going short).


I think if I can understand how you determine a lack ofinterest at the 1.3310 level everything else will fall into place. This iswhere I keep getting confused.
  • #260
  • Jan 17, 2013 8:50am Jan 17, 2013 8:50am
I have no idea what happened to the formatting and the words running together. Sorry!
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