The volume point of control or vpoc indicator for Tradingview can now be configured for alerts on an indicator that we have developed to take the concepts of volume price analysis to another level. Inspired by the principles of volume profile, the vpoc analyses the density and intensity of volume over time against price. Alerts allow traders to know when the price has crossed into the most significant areas of volume density. In this video, David explains how to apply the alerts.
https://youtu.be/QJ3x8LfuKns
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A wide-ranging video in which David highlights some nice vpa examples on the indices ahead of the US Close, along with how the volume point of control (VPOC) can often signal a major reversal in trend. Plus, the importance of the psychology of trading and why it is the key to discovering your trading persona.
https://youtu.be/3wsRLqsw0ns
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Volume price analysis signals appear across all markets and timeframes. In this recording, David & I consider these on the DXY, the Indices, and the triple-levered semi-conductor ETF, the SOXL. However, as we explain, it is essential to view vpa not only in multiple timeframes but also in the context of support and resistance, which is where the Quantum indicators can help the accumulation and distribution indicator, particularly which not only marks these key levels on the chart but also confirms their relative strength. It does this by thickening the line each time it is touched, giving us a clear visual picture of the effort required to break through the levels.
https://youtu.be/khR-h-IrmgI
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Along with several volume price lessons on the 5 min chart for the YM E-mini, the futures contract for the Dow Jones, David explains how traders can benefit from trading this contract outside the heavily volatile US session. By looking at a faster chart we can see the activity increase at session crossovers such as the London open and by applying vpa & using the Quantum indicators, take advantage of some steady, measured price action.
And using the principles of volume price analysis and the trend monitor will also help to keep us in a trade.
https://youtu.be/KbMVv_dgwtM
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A look at the weekly Tesla chart where the price action has been moving sideways for some time creating a strong channel of price action which has been defined by the accumulation & distribution indicator. In doing so we now have the key levels that must be breached before a clear direction of the trend is established and any successful trend has to be accompanied by strong volume.
Finally, Q2 earnings are due on 20th July which may provide the catalyst for the breakaway from the current consolidation.
https://youtu.be/TpVA2otYFsY
By Anna Coulling
You can buy Anna's Volume Price Analysis Book at Amazon https://amzn.to/3nGD1v8
Discover Anna's forex analysis at her Facebook page https://bit.ly/3Lp4URS
Indicators available from Quantumtrading http://bit.ly/2MAjR8w
Learn about our Forex Program and Funded Program at www.quantumtradingeducation.com
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In this video, David & I cover using the Quantumtrading support & resistance indicators for stocks such as Fate Therapeutics, Apple & Tesla. The indicators in question are the volume point of control which marks out key levels in terms of volume and the price-based accumulation and distribution indicator. This indicator is unique in that once the indicator marks a level it will thicken each time that level is tested and holds. What this does for the trader and investor is give a clear visual picture of the relative strength of any significant level. And when the accumulation & distribution combines with the volume point of control we know the level is of supreme importance as we can see on the monthly chart for FATE.
https://www.youtube.com/watch?v=oEQL_K1gCnQ
Charts courtesy of Ninjatrader.
Learn more about the volume price analysis methodology in Anna's book which is available here: https://amzn.to/3nGD1v8
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An update on the monthly chart for the XLE energy EFT as the sector appears to fall out of favor with the monthly chart looking to post a bearish engulfing candle. However, we were already aware the price action in the XLE was likely to come to a pause and probable reversal with the failure to take out the volume band of the volume point of control (vpoc). As one of our most powerful indicators, the vpoc not only gives us the structure of the chart in terms of whether the price action is in trend or congestion but also gives us key volume-based support & resistance levels and zones. In addition, last month's candle also triggered our volatility indicator so a retrace into the spread of the candle was highly likely, particularly when accompanied by low volume. The vpoc itself (yellow hatched line) marks the area on the chart which could be described as being 'fair value' where traders...
In this video David & I explain how the CME Fed Watch Tool's probability that the FED would raise the FED Fund rate to 150-175 led to the latest market meltdown. We also looked at how using the Camarilla pivots in multiple time frames can help to determine our price objective.
https://youtu.be/CnFQezWG4zU
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The accumulation & distribution indicator combined with the volume point of control highlight perfectly what is likely to happen on the QQQ which is the ETF for the Nasdaq 100 and one of the most liquid instruments in the market with an average daily volume of over 75m so plenty of liquidity. However, given the price action looks to be congesting in the accumulation & distribution channel shown on the weekly chart it's no surprise that volumes are about half the usual average. However, this is normal as volume always falls whenever a chart is in congestion/consolidation. The reason for this new phase of price action is in many ways not surprising given the recent volatility as the index (and markets take a breather) but we can expect volatility to pick up towards the end of the week with the CPI releases and next week, of course, we have the FOMC which is when the FED is expected to raise...
In this morning's Forex webinar David & I covered a wide range of topics including the importance of understanding the principle drivers for currencies and currency pairs as well as how to spot and use the simple two candle reversal pattern with vpa and the Quantum indicators.
https://youtu.be/5TR9AK3d5Xo...
