This webinar teaches viewers how to trade using volume profiles. It covers volume profile basics, trade entry setups, take profit and stop-loss placement, optimal time frames, workspaces for day and swing trading, suitable instruments, and necessary platforms and data. The presenter also addresses frequently asked questions.
The key points to follow along with the video are:
Understanding Volume Profile Basics: Grasp the concept of volume at price, identifying wider areas as heavier trading volumes at specific price levels.
Mastering Trade Entry Setups: Learn the "Volume Accumulation Setup" (identifying heavy volume areas in rotations preceding trends) and the "Trend Setup" (identifying volume clusters within trends). Understand the logic behind each setup and how to identify them on a chart.
Take Profit Placement: Learn the rule: place take profits in heavy volume areas (strong support or resistance zones). The presenter shows how to use the flexible volume profile to locate these areas.
Stop Loss Placement: Learn the rule: place stop losses in low-volume areas, behind the heavy volume area being traded. The presenter explains the logic of this placement.
Time Frame Selection: Understand that volume profile works across all time frames (intraday, swing trading, long-term). The choice depends on the trading style.
Trading Workspaces: Observe how the presenter sets up day trading and swing trading workspaces using multiple charts and different volume profile types (fixed and flexible).
Choosing Trading Instruments: Note that volume profile analysis can be applied to various instruments: currencies, indices, raw materials, equities, and cryptocurrencies.
Platform and Data: Learn about using NinjaTrader 8 (free, unlimited) and FXCM data feed (free, unlimited). Alternative platforms like MetaTrader are also discussed, although with limitations.
Q&A Clarifications: Pay attention to the answers to frequently asked questions about switching brokers, volume profile application to Bitcoin/cryptos and stocks, the necessity of futures data for forex trading, and MetaTrader compatibility.
Special Offer: Be aware of the presenter's Elite Pack offer at the end, detailing the included training materials and tools.
Remember to actively watch the video to see how these points are illustrated with charts and examples. The visual elements are crucial to understanding the practical application of the strategies.
The core difference between the Volume Accumulation Setup and the Trend Setup lies in the market context in which they are applied:
Volume Accumulation Setup: This setup is used during a period of rotation (consolidation or sideways movement) that precedes a clear trend. The key is identifying heavy volume traded within the rotation. Traders look for a pullback to the high-volume area within the rotation, then enter a trade in the direction of the subsequent trend. The logic is that institutions accumulated positions during the rotation, and are now initiating the trend.
Trend Setup: This setup is applied during an established trend. Traders identify significant volume clusters (bumps) within the existing trend using the flexible volume profile. A pullback to these high-volume clusters provides an entry point, with the trade taken in the direction of the ongoing trend. The reasoning is that these high-volume areas represent areas where significant institutional participation occurred, providing support or resistance within the trend.
In short: Volume Accumulation looks for volume build-up before a trend begins, while Trend Setup uses volume clusters within an existing trend. Both setups rely on the principle that high-volume areas represent key support or resistance levels, but they differ in when that high volume is observed relative to the price movement.
