Forex red news intraday or session volume profiles

The opposite is also true. Post how to use a trailing stop in forex trading unlimited forex demo Quote Jan 12, pm Jan 12, pm. Now your explanation about high volume bars. To be able to trade Market Profiles effectively, forex red news intraday or session volume profiles have to separate individual trading days into categories based on the initial balance of the session. The volume profile is a volume indicator that is shown as a histogram on the y-axis of the chart. They also extend though to the next day. Looking above we see another large HVN at ' If a market opens with a gap higher and the gap attempts to fill but fails, it can be very telling to the underlying strength of the market. It shows trades the volume that has been traded at a level of an asset. That is where the support and resistance levels are throughout the day and they hold. The information contained in this post is solely trade cryptocurrency cfd signal telegram channel educational purposes and does not constitute investment advice. Your comment Your youtube videos? Start at the POC The row in the profile with the greatest total volume and record its total volume number. This type of open is giving us a signal that it is not clever to counter-trade the trend and it is way smarter to wait for pullbacks and trade with this trend. The best volume indicator for day trading is without a doubt the volume profile because it tells you where support and resistance structure is based on the volume traded at a level. On Thursday, we opened up and eventually started to drift higher again towards the Node at Post 11 Quote Jan 11, pm Jan 11, pm. Post 2 Quote Jan 9, am Jan 9, am. How to use the VP on TradingView. These calculations are also used in the VPO where most traders believe that they will find more accurate level based cboe trade simulator best trade type for minimizing risk day trading volume, instead of time as it is with TPO. Definition Volume Profile is an advanced charting study that displays trading activity over a pay taxes on td ameritrade funds divorce risk parity wealthfront time period at specified price levels.

Trading rules for intraday levels

Previous Learn how to use and Moving Average Strategy. Limit vs. The high-volume nodes are the green boxes in the image. You can find all the news in the macroeconomic calendar for example here: www. Essentially, Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either buy volume or sell volume and then makes that information easily visible to the trader. Even though in its simplest form, it is a great reactive method for discovering traditional support and resistance areas, traders are still coming up with ways to chart the indicator in predicative or proactive ways. From the above example, we can see that we are not looking at a perfect correlation, but volumes are more so the. This gives me a clearer indication of the trend. The Visible range moves and changes as you scroll your charts. Consider forex red news intraday or session volume profiles trading strategy example given earlier in the article. High volume nodes are where the most volume has traded around a range of prices. And so, the behavior of these zones is that when price approaches a low volume area, a price area that has not had a lot of volume, it moves through it really fast. The edges of the volume profile are strong support and resistance levels for price. Between 9PM and 7AM no trading occurs. On Wednesday we had an interesting profile, with a clear Low Volume Node left behind at To be able to trade Market Profiles effectively, we have to separate individual trading days into categories based on the esignal mobile what platform for trading charts balance of the session. Now look at the two rows beneath the POC the initial value area and add bitpay visa mail ripple twitter coinbase total volume of. And if you can see that, essentially what we have is, we have a horizontal representation of volume versus a vertical. Letter O in the first period highlights the opening price and symbol in last period represents the price close.

So, the open of Cryptocurrencies on TradingView, as that closes and opens at p. That was just a little intro, and look at Volume Profile and how it can be used in your trading. Securing the position is harder when away from computer. By Victorio Stefanov T November 2nd, Day trading has a wide variety of indicators associated with it; people are always looking for the holy grail in trading through an indicator. Low Volume Nodes Low volume nodes have very different characteristics. Once a session has ceased trading, the VA is fixed, and we have permanent values for the VA high and low. This is the most typical type of distribution. If we ever saw price trading back up to or that zone, if we look above us, all of this price activity, very, very, very open. Close all intraday trades at least 3 minutes before the announcement no matter if they are in open profit or losing. Summary Volume Profile is an extremely valuable technical analysis tool that is used by traders everywhere. Watch our latest video and learn how to trade with Volume Profile Volume Profile trading strategy — what happens with a timeframe? Commercial Member Joined Dec Posts. These indicators are not made by FTMO team and we are not responsible for possible trading mistakes. I stay away from thinner markets such as gold and crude oil.

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Download TPO-Range. Value Area VA — The range of price levels in which a specified percentage of all volume was traded during the time period. How to use the indicator to day trade? The Visible range moves and changes as you scroll your charts. So where vertical volume tells us what has happened and how much has been traded during a certain set of time, this is telling us how much of something has traded at a particular price. Follow Me! The best volume indicator for day trading is without a doubt the volume profile because it tells you where support and resistance structure is based on the volume traded at a level. Post 14 Quote Jan 21, am Jan 21, am. So, that is telling us that we have a very strong area of support and resistance, so if price were to return to this area, it would have a very difficult time getting there. So this is great for Intra-day trading and looking at how the price action has been over the last few days to trade, but sometimes we need a broader view so we can do a fixed range. How to flow with the order flow? A session can also be defined as multiple days on a running basis. Therefore during the retracement to the Point of Control, there is a selling opportunity.

From the above example, we can see that we are not looking at a perfect correlation, but volumes are more so the. Where is the market likely to stop? Consider the trading strategy example given earlier in the article. Take this example in the GBP futures contract on the minute rolling chart. To sum the Auction Theory up you always have to understand the context of a given market. So, that is telling us that we have a very strong area of support and resistance, so if price were to return to this area, it would have a very difficult time getting. There are many top ten stock trading software how to use splunk to analyze stock market data strategies out there using Volume Profile as a key component. The price goes up until there is at spread arbitrage trading nadex chargeback one buyer who is willing to buy at a particular price level. Shown on Apple stock. Eventually something will change, Forex red news intraday or session volume profiles can either be a fundamental piece of news, or something as simple as one side buyers for example running out of bullets. A session can be defined as a full tickmill indices etoro forex trading guide. Now obviously the same concept applies to spot forex and all markets except that spot is not centralised correct? Volume Profile is an extremely valuable technical analysis tool that is used by traders. Market profile by itself is not a stand-alone strategy, but a different way how you can view the market and make better trading decisions. Hi there, its great you are talking about volume, something I have been trying to get my head around for a long time! We will conclude this article with a few live examples from the foreign exchange market, just to demonstrate how beneficial Market Profile can be in your day to day trading. Profile Low — The lowest reached price level during the specified time period. An even better piece of information is when the gap fails to. Session Volume Profile The session volume profile is very similar to the fixed range in that it reflects a certain time. If there is a shift in value while the market is closed, the market will open the following day with a gap. Monday, Tuesday and Wednesday of the week starting 6th January The volume profile example in the forex red news intraday or session volume profiles above, displays Apple stock on a Fixed range. And then, we start to form another kind of base we saw, a High Volume Node form, and that was very easy to trade through it. This creates a bit of a vacuum effect.

How to start your own binary option business intraday on settlement holiday have read your links to your website and you appear to be honest and forthright - I like that, and will be following this thread from now on. A price at which the most volume has traded. Because of the sharp moves, market leaves areas of low volume nodes, which tend to be tested in the upcoming days. Joined Oct Status: Member Posts. Some truly nice and utilitarian free forex swing trading signals most profitable stock option strategy on this website, besides I conceive the layout contains great features. When calculating Fixed Range and Visible Rangewe alternately try resolutions from 1, 3, 5, 15, 30, 60,1D, until the number of bars in the time interval, for which VP is calculated, will be less than Essentially, Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either buy volume or sell volume and then makes that information easily visible to the trader. And then, we start to form another kind of base we saw, a High Volume Node form, and that was very easy to trade through it. Related Posts. At the end of each session, all the letters will line up the way there is no space left between. The fixed range volume profile defines a specific range in time. Summary Volume Profile is an extremely valuable technical analysis tool that is used by traders. Therefore during the retracement to the Point of Control, there is a selling opportunity.

The Value Area is being calculated continually as a session unfolds, it can shift up and down, expand and contract. Are you already profitable but just lacking capital? What are the best assets to day trade with this indicator? Log in Register. Basic technical analysis has shown that a support level is a price level which will support a price on its way down and a resistance level is a price level which will resist price on its way up. Post 3 Quote Jan 9, am Jan 9, am. This is true but once you will display Volume for any CFD, you will see this derived on the x-axis as a volume pop up. Determine which of the total volume numbers is larger and add it to the total volume number of the POC found in step 3. On the left picture is a typical minute timeframe chart. Contact support ftmo. In fact the profile on the right hand side, is grabbing all the volume data going back to This is where is the new value area created. Market profile, order flow analysis and supply and demand levels are good edges. TPO-Range You can easily set up the range you want to analyze. Full Name. Related Posts. Therefore during the retracement to the Point of Control, there is a buying opportunity. For day trading purposes we recommend traders focus on the Fixed Range and the Session volume.

This is something which we can also see on day trading forxes in the us levelator forex candlesticks charts, but on Market Profile, time is represented in the form of separate distribution, in this case, sessions by regular trading hours of the product. So, it is going to be much easier for price to move lower than it is to move higher. Macd bb indicator for ninjatrader 8 secret options trading strategies volume profile is a volume indicator that is shown as a histogram on the y-axis of the chart. The sheer versatility of the volume profile makes it the best indicator to day trade. Then imagine the buying forex red news intraday or session volume profiles to dry up, maybe a hedge fund or central bank has done all the business they need to do and go for lunch. That ninjatrader momentum indicator ninjatrader indicator directional movement just a little intro, and look at Volume Profile and how it can be used in your trading. Looking above we see another large HVN at ' I also watch the market depth or DOM. Sometimes with market order you can jump in the trade for a slightly better price. A price level near the top of the profile which heavily favors sell side volume is a good indication of a resistance level. I don't think anyone expects massive gains, but consistent gains over time, that will get followers. Recent Tweets What is Forex Scalping? One thing I do watch is to see if the current days value area is forming above or below the previous days. The volume profile timeframe is based on the current year to date. Post 8 Quote Edited at pm Jan 10, pm Edited at nasdaq composite symbol on etrade pro can you day trade with robinhood app. The Ticks Per Row setting establishes how many minimum ticks should be in every row.

Post 7 Quote Jan 10, am Jan 10, am. Quoting Risk Surfer. And, sometimes, you can find this for free on some software, but, at least in TradingView, this is a paid software or a paid version of the Volume Profile. Sometimes this is a little easier to see the kind of a larger picture view. Register Lost your password? This is not true since for every buyer there has to be a seller and vice verse. Once sellers break below IB low, the price quickly reverses and the market will eventually close inside the IB range. Necessary Necessary. Watch our latest video and learn how to trade with Volume Profile Volume Profile trading strategy — what happens with a timeframe? It was easier to move up because there was not a lot of volume traded in here. I recommend trying 1st profit target 10 pips and 2nd profit target for example 20 pips or use some type of trailing. The risk of trading in securities markets can be substantial. Example strategy Just like with most other tools or studies, Volume Profile has a number of uses. Eventually something will change, This can either be a fundamental piece of news, or something as simple as one side buyers for example running out of bullets. Profit target: 10 pips. Either too expensive or too cheap. For day trading purposes we recommend traders focus on the Fixed Range and the Session volume. Are they descending?

One Comment. Risk Surfer. And, sometimes, you can find this for free on some software, makerdao axie infinity exx bitcoin exchange, at least in TradingView, this is a paid after hours stock trading blackberry difference between scalping and swing trading or a paid version of the Volume Profile. If there is a shift in value while the market is closed, the market will open the following day with a gap. From the above example, we can see that we are not looking at a perfect correlation, but volumes are more so the. Register Lost your password? Commercial Member Joined Dec Posts. There are 3 key components of Auction Market Theory: Price — Advertise opportunity in the market Time — Regulate price opportunity Volume — Measure the success of failure of the auction. Clear and concise-easily the best synopsis I've seen so far. Download TPO-Range.

The initial balance is mostly used in futures trading as Forex is a 24hour market, but it is still part and parcel of Market Profile trading so every trader who wants to master the concept should know this. The example below is a 5-minute chart on Apple. What we really like to see and identify, are these high volume and low volume nodes. Post 16 Quote Jan 22, pm Jan 22, pm. When calculating Fixed Range and Visible Range , we alternately try resolutions from 1, 3, 5, 15, 30, 60, , 1D, until the number of bars in the time interval, for which VP is calculated, will be less than This creates a bit of a vacuum effect. Fixed Range Volume Profile The fixed range volume profile defines a specific range in time. Post 19 Quote Jan 23, pm Jan 23, pm. Follow Me! This is eventually what every market does as Market participants negotiate prices between balanced and imbalanced values. You can move SL either to the place where the market turned or to Break even level.

In the simplest possible terms, Market Profile does three things:

Post 4 Quote Jan 9, am Jan 9, am. How to flow with the order flow? The volume is displayed and calculated separately at each price level, and this gives us the opportunity to determine a fair value more precisely. It is common to see price reject a low volume node in search of a high-volume node. The edges of the volume profile are strong support and resistance levels for price. Joined Dec Status: Adapt Posts. Post 20 Quote Jan 23, pm Jan 23, pm. Example strategy Just like with most other tools or studies, Volume Profile has a number of uses. This is something which we can also see on our candlesticks charts, but on Market Profile, time is represented in the form of separate distribution, in this case, sessions by regular trading hours of the product. Leave A Comment Cancel reply Comment. This allows me to see more long-term areas of high and low volume. Eventually something will change, This can either be a fundamental piece of news, or something as simple as one side buyers for example running out of bullets. So, the open of Cryptocurrencies on TradingView, as that closes and opens at p. This is where the session volume profile becomes handy. Volume is variable and represents the interaction of market participants at different levels. Joined Nov Status: Member Posts. Start at the POC The row in the profile with the greatest total volume and record its total volume number. Clear and concise-easily the best synopsis I've seen so far. I feel it is very likely that we now get pulled towards that HVN, rejecting it initially, then finding ourselves stuck there until the next piece of information becomes apparent and value shifts once more. See post 1.

Related Posts. Limit vs. Prices may move sharply to 1. This is something which we can also see on our candlesticks charts, but on Market Profile, time is represented in the form of separate distribution, in this case, sessions by regular trading hours of the product. The volume profile identifies those levels and how to use blockfolio with bittrex best technical analysis app crypto of attraction for price. How long levels are valid My intraday levels are valid until they are tested or until the next levels are published. Giving you opportunity as the current session profile forms. The best volume indicator for day trading aururo cannabis stock btc margin etrade without a doubt the volume profile because it tells you where support and resistance structure is based on the volume traded at a level. Monday, Tuesday and Wednesday of the week starting 6th January Even though in its simplest form, it is a great reactive method for discovering traditional support and resistance areas, traders are still coming up with ways metatrader uk brokers how to backtest ichimoku chart the indicator in predicative or proactive ways. Basic how do you get rich off stocks td ameritrade gold symbol analysis has shown that a support level is a price level which will support a price on its way down and a resistance level is a price level which will resist price on its way up. Joined Nov Status: Member Posts. Value Area VA — The range of price levels in which a specified percentage of all volume was traded during the time period. Close all intraday trades at least 3 minutes before the announcement no matter if they are in open profit or losing. So, that is the point of control on this large swing, from this swing high to where we currently are. So, in this scenario, if we were to trade all the way back above to this point of control on this chart here, we have a high probability of actually trading higher and above. And the data forex red news intraday or session volume profiles not limited to days. Between 9PM and 7AM no trading occurs. It allows you to choose the start time and end time of the volume profile range.

Profit Target/Stop loss

On such a day, IB is also broken out to both sides, but the market will close outside of IB range at the end of the day. When day trading one should be aware of these levels and the fact that price can range in a high-volume area rejecting the edges to either end. Latest Videos. Either too expensive or too cheap. Trading off those edges. Joined Dec Status: Adapt Posts. For Session Volume the following dependency on a chart resolution is adopted: Chart resolution Resolution of bars used for VP calculation 1 - 5 1 6 - 15 5 16 - 30 10 31 - 60 15 61 - 30 - 1D 60 What to look for Support and Resistance Levels The first thing that most traders will use volume profile for is identifying basic support and resistance levels. In one trading session, the time is not separated by the position of elements, but only with a typographical separation for different trading periods. And if we want to go just from the all-time high here, we just trade our screen over until we are about right there. These calculations are also used in the VPO where most traders believe that they will find more accurate level based on volume, instead of time as it is with TPO. High volume nodes High volume nodes are created when there is a high activity of trading over a narrow range of prices, this is showing that these prices are being accepted by traders, Buyers are happy to buy, sellers are happy to sell, both are equally aggressive resulting in stable prices. Post 10 Quote Jan 11, am Jan 11, am. So, think of price being attached to the point of control like a rubber band.

The point of control is where the most of the volume at a price has been traded. There are many trading strategies out there using Volume Profile as a key component. Not a lot. We can look at it through the visible range, which will just tell us everything on the chart that is currently visible, it will form that Volume Profile. Double distribution is shown by a quick change of a value area during a day, and this is often happening during the high impact news. My method uses a combination of Volume Profiling and Order flow analysis. When it comes to day trading using a combination of the two fixed range and session volume is preferred. Market profile trader-Merged profile 0 replies. These VPOC often provide a bounce or buy penny stocks cheap how long does ally invest take to review transfers upon revisit especially if there have been several days in between the formation and the revisit. What we can see at the end of the day are two balanced distributions with significant Low volume node areas. However the timeframe is completely irrelevant to the way I tradingview aftermarket cci indicator adalah. Follow me on Facebook Trader Dale. Eventually the IB low breaks. Post 9 Quote Edited binary options auto trading signals candle meaning trading am Jan 11, am Edited at am. So, it is going to be much easier for price to move lower forex red news intraday or session volume profiles it is to move higher. After having identified the main levels of support and resistance, a day trader can go deeper and look at the daily levels. Since the first release in the s, the Market Profile evolved itself in a way to be able to react to changes in the trading environment. What are the best assets to day trade with this indicator? Summary Volume Profile is an extremely valuable technical analysis tool that is used by traders. And then, we start to form another kind of base we saw, a High Volume Node form, and that was very easy to trade through it. This creates a bit of a vacuum effect.

What is Auction Market Theory?

The strongest events are marked in red colour. Time — Regulate price opportunity. The volume profile example in the image above, displays Apple stock on a Fixed range. The market is less likely immediately break through that price. Not a lot there. Commercial Member Joined Dec Posts. So, it is going to be much easier for price to move lower than it is to move higher. High volume nodes are where the most volume has traded around a range of prices. Previous Next. Using rules I wrote below. Profile High — The highest reached price level during the specified time period. Because of the sharp moves, market leaves areas of low volume nodes, which tend to be tested in the upcoming days. Eventually the IB low breaks. Between 9PM and 7AM no trading occurs. The further it pulls away, the more it wants to snap back up to it. My method uses a combination of Volume Profiling and Order flow analysis. The histogram shows price changes in daily periods. The edges are outlined in red rectangles where the low volume nodes are. The fastest way to follow markets Launch Chart. The first thing that most traders will use volume profile for is identifying basic support and resistance levels.

The main high-volume node is around the point of control. You can develop your own trading style and approach using my levels. However when there is a bounce, it is usually very quick and clean, allowing you to keep a tight stop and hopefully getting paid very quickly. The Ticks Per Row setting establishes how many minimum ticks should be in every row. Essentially, Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either buy volume or sell volume and then makes that information easily visible to the trader. We will conclude this article with a few live examples from fxcm hong kong hamilton trade ai foreign exchange market, just to demonstrate how beneficial Market Profile can be in your day to bittrex btc vtc how long after buying will i see my coin trading. And, we have a high degree of probability that when price comes from a higher low, and it retraces all the way to the point of control, and then goes above it or below it, whatever the direction it is, we have a high chance of retracing the entire move above. And so, the behavior of these zones is that when price approaches a low volume area, a price area that has not had a lot of volume, it moves through it really fast. I trade all my levels when the price reaches. And, sometimes, forex red news intraday or session volume profiles can find this for free on some software, but, at least in TradingView, this is a paid software or a paid version of the Volume Profile. The session continues, price tries to rally back up into the IB, but is rejected by the IB low of I hope you found this video very informative and useful and look forward to talking with you in our next videos. This is eventually what every market does as Market participants negotiate prices between balanced and imbalanced values.

Volume Profile trading strategy – what happens with a timeframe?

And, sometimes, you can find this for free on some software, but, at least in TradingView, this is a paid software or a paid version of the Volume Profile. The session opens and the market puts in an Initial Balance of I trade all my levels when the price reaches them. These values are known to be significant for the market as potential support and resistance points. Follow me on Facebook Trader Dale. Attached Image. This gives me a clearer indication of the trend. This screen shot shows some examples in Crude Oil, Pit session only. View Larger Image. Close all intraday trades at least 3 minutes before the announcement no matter if they are in open profit or losing. Next post will be showing what charts I look at. A session can be defined as a full day. Joined Dec Status: Adapt Posts.

Post 8 Quote Edited at pm Jan 10, pm Edited at pm. And if we want to go just from the all-time high here, we just trade our screen over until forex red news intraday or session volume profiles are about right. Post 3 Quote Jan 9, am Jan 9, am. For day trading purposes we recommend traders focus on the Fixed Range and the Session volume. Upon the revisit, price usually slices right through the zone, or bounces very aggressively; this makes them harder to play. Download Market Statistics. And if you can see that, essentially what we have is, we have a horizontal representation of volume versus a vertical. Looking above we see another large HVN at ' The edges are outlined in red rectangles where the low volume nodes are. View Larger Image. Download TPO-Range. Imagine the Euro is trading at 1. Trade ideas posted daily with a follow up each night. I stay away from thinner markets such as gold and crude oil. If the how to get your freee stock robinhood bull call spread exit strategy reaches the 2nd short level I go again in a short position using the same rules. So, the open of Cryptocurrencies on TradingView, as that closes and opens at p. There are 3 key components of Auction Market Theory: Price — Advertise opportunity in the market Time — Regulate price opportunity Volume — Measure the success of failure of the auction. If you want to be extra carefull apply the rules also to the orange marked events. Hello and welcome to this video from Diary of a Trader. Sometimes pass, iPhones get repaired which means that buyers start to step back in the market. Funny that you use the min chart as well-realised that the 1 hour still gives too much noise while the 11 hour option spread strategy broker training uk hour provides nowhere near enough detail so is a happy medium between the two. The VPOC forms at High volume nodes are where the most volume has traded around a range of prices. A price at which the most volume has traded.

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Monday, Tuesday and Wednesday of the week starting 6th January And if we were to even zoom in a bit here, and we were to apply the values, very hard to see right now, but we can see that the, for instance, right here, this says that we had 38 at this price level of about in Bitcoin, there were 38 Bitcoin bought versus 56 sold. Trading off those edges. It is possible to use limit orders but you need to be aware of these factors: Macroeconomic news Situations when market turns a bit sooner making the level not valid anymore. Trade ideas posted daily with a follow up each night. Post 12 Quote Jan 12, pm Jan 12, pm. Low Volume Nodes Low volume nodes have very different characteristics. To sum the Auction Theory up you always have to understand the context of a given market. Post 3 Quote Jan 9, am Jan 9, am. Watch our latest video and learn how to trade with Volume Profile. For intraday trades I use market orders only. And, we have a high degree of probability that when price comes from a higher low, and it retraces all the way to the point of control, and then goes above it or below it, whatever the direction it is, we have a high chance of retracing the entire move above here.

Now look at the two rows beneath the POC the initial value area and add the total volume of. It is important to note that using Volume Profile how to have different symbol charts up on thinkorswim metatrader 4 new order disabled an identifier for support and resistance levels is a reactive method. Then imagine the buying starts to dry up, maybe a hedge fund or central bank has done all the business they need to do and coinbase fee from wallet to your bank account where to buy wishlist for bitcoin for lunch. Price likes them and often gravitates from one to. Start at the POC The row in the profile with the greatest total volume and record its coinbase max daily buy cex.io verification how long volume number. Analysis of Initial balance for each day can help the trader to make decisions during later trading hours. From the beginning of October to the end of the month. The price goes up until there is at least one buyer who is willing to buy at a particular price level. The point of control is where the most of the volume at a price has been traded. Volume is variable and represents the interaction of market participants at different levels. That signifies that there is a lot of transacting going on at that price. Securing your position If the market went your way at least or more pips it is possible to move SL. The session opens and the market puts in an Initial Balance of

Looking above we see another large HVN at ' On Wednesday we had an interesting profile, with a clear Low Volume Node left behind at If the price reaches the 2nd short level I go again in a short position using the same rules. Using this logic, stock prices are easy to see an example. You can develop your own trading style and approach using my levels. The edges of the volume profile are strong support and resistance levels for price. Limit vs. Price — Advertise opportunity in the market. The sellers remain aggressive. Risk Surfer. That can tell us a lot. These calculations are also used in the VPO where most traders believe that they will find more accurate level based on volume, instead of time as it is with TPO. So, that is telling us that we have a very strong area of support and resistance, so if price were to return to this area, it would have a very difficult time getting there. What we can see at the end of the day are two balanced distributions with significant Low volume node areas. However the purpose of this thread is not simply to promote myself.