Our volume point of control (vpoc) takes the analysis of price action and volume to another level and which also complements the volume price analysis methodology. In this video, David explains how the alerts work on the version for Tradingview.
https://youtu.be/QJ3x8LfuKns...
Session crossovers provide market makers with the perfect opportunity to trap traders into losing positions. Sadly, many traders are still unaware that this happens regularly and across all markets. It is done using the volatility we always see when transitioning from one financial centre to another or at the opening of a physical market. For example, at the Wall Street open, there is an inrush of participants into equities and markets such as Globex. The result is always volatile, with prices moving quickly in one direction before reversing sharply.
However, traders who use price action and volume analysis recognize these traps and stay out until the true market direction is confirmed. There was a great example this week on the gbp/jpy at the London open when as we can see from the 15 min chart above, the currency pair seemed poised to reverse lower following a strong move higher at Eurex (the European open) and following such a move a reversal...
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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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...
Two volume price analysis lessons in one here on the daily chart for the GBP/JPY. First we see rising price and falling volume as the rally of late March stalls as a result. This is an anomaly as we should expect to see rising prices supported with rising volume if the trend is to develop with real momentum. Then we move into the congestion phase. Note the fall in volume as price action narrows and trades around the volume point of control. Now all we need to do is wait and be patient. The breakout will come in due course, and be confirmed as genuine or false with volume.
Discover more about the Quantum Trading tools and indicators at https://quantumtrading.com...
If you want to discover how to trade the emini futures markets, this is the video for you as Anna and David apply the Quantum Trading tools and indicators in live markets. In this webinar it was the NQ emini which led the way higher, following a sharp move lower following the opening of the cash markets, and delivered an excellent trend higher with the initial buying evident from a volume price analysis perspective. Key indicators in the move were the trend monitor, the currency strength indicator, the currency indices, the volume point of control and the accumulation and distribution indicators, with the moves delivered on both time and tick charts. For the tick charts it's the tickspeedometer which delivers the optimal tick settings.
https://youtu.be/CtX_i4KZkdA...
In this video we take a closer look at the VPOC indicator for Ninjatrader, and see it in action across a variety of markets and timeframes. We start by looking at the ES mini on some fast timeframe charts of 3 minutes and upwards as the physical market opens to join Globex. Next we look at the VPOC on a GBP/USD chart on seconds, and to complete the trio of faster time frame charts, we look at the NQ emini on a tick chart. The VPOC indicator for Ninjatrader works in exactly the same way, whether on a minute chart, a seconds chart or a tick chart.
Finally to round off this video we take a look at some daily charts for gold, the CAD/USD futures contract and oil....
Click here to watch the video
Most technical indicators uncover and exploit the price patterns on the charts and make assumptions, suggestions, and predictions of the next price movement accordingly. However, price is only half the story. The measure of activity behind price movement is key. It is the crescendo and diminuendo of ‘market noise’ which holds the key. In other words - volume
For the traders of the past, tape reading was all they had, reading volume and price as the ticker tape punched out the last price and associated volume, a powerful approach we still use today with the Quantum tick volumes indicator.
But now, with the Quantum VPOC ( volume point of control) indicator we have taken the analysis of volume and price to a higher level, which both compliments and expands the VPA relationship. Whilst the Quantum tick volumes indicator considers the relationship between a single volume bar and its associated candle, the Quantum VPOC indicator analyses the density...
