First job as always is to find a price level. Next volume peak along and we end up with a price level at 1.9000. Not the best for accuracy, but it gives us a starting point, we can quickly find where the market was at on this chart. The price level ...

Volume Price Level Trading

VPLT TRADING Practical Trading This is a step-by-step approach to trading with VPLT on EUR/USD M15. I'm going to start us of in "no mans land" - Jan 10th 2013. No reason, other than it is in the middle of a surging upwards price move, and we have a ...

Volume Price Level Trading

Candle 8 simply supports candle 7. Market doesn't have much interest with price being around 1.3260 and would rather it be heading up past 1.3270 where the price level is. Candle 10 (after canlde 11 is finished), confirms our price level because ...

Volume Price Level Trading

These are not fixed levels on the volume indicator. I just use a line for my eye to look at peaks. This line is not required, and probably I should not have included it in my intro. It's just like putting a straight edge along the graph to focus on ...

Volume Price Level Trading

Market interest is market interest. Is it skewed? There can be other things that skew price/volume, but in the end market interest in a price level is market interest. Sometimes the ride can be bumpy, but it never takes long for the market to zero ...

Volume Price Level Trading

Price/Volume as it relates to price level. Don't get too hooked on candle sizes. 3 previous candles are closed pretty much at same price, and volume (interest) is going down. The market has just not got enough steam to push the price up through ...

Volume Price Level Trading

Caught the move! Good work.

Volume Price Level Trading

The simple answer, you just know when they are relevant and when they are not. There's no fixed life span on price levels and no rules like the older the price level is the more irrelevant it is. You just have to let the market tell you what price ...

Volume Price Level Trading

Yes, I was curious too.

Volume Price Level Trading

1. Like this, with price levels; 3 years. It comes from 20 years of refinement for me in understanding how to use it properly. This "system" is as old as the ticker tape. My refinement has come with the use of price levels, understanding market ...

Volume Price Level Trading

Nice work!

Volume Price Level Trading

I'll stop here as I don't want to start to signal trades. Well that was 30 candles and that is how I read the charts with price/volume moving around price levels. This example wasn't great because our range was fairly small and price levels were ...

Volume Price Level Trading

Candle 29 (2:15): Up. Price is up and interest slipping as we near 1.3050. This slippage could be the result of pulling away from 1.3040 price level. Nothing so far to assume that we won't cross 1.3050, could bail from long trades if skittish. Risk ...

Volume Price Level Trading

Candle 21 (00:15): Down. Same story continues. Interest drops as price falls away from our 1.3055 price level. Candle 22 (00:30): Up. Price drops across 1.3050, still not a price level to us. Interest picked up and this could be a peak in volume, we ...

Volume Price Level Trading

Candle 16 (23:00): Down. Price crosses 1.3055, and volume is up. Nothing really unexpected here as we know the market likes 1.3055 price level. Candle 17 (23:15): Up. Yep...boring. Price and market is stuck at 1.3055. Price climbs closer to 1.3055 ...

Volume Price Level Trading

Candle 11 (21:45): Up. Price has been dropping for the last 3 candles and interest (volume) has picked up. Price touches the 1.3060 level and volume peaks, so that is as expected. The price level is at 1.3060 and this is where the interest is at. ...

Volume Price Level Trading

We've had to add a new price level at 1.3060. The volume peak is small, but what is really defining this price level is that we've had 3 candles just pass through this level, but nothing else. Candle 6 (20:30): Down. Further support that price ...

Volume Price Level Trading

Alright! Now the fun part. Let's start reading the chart from the first price candle to the right of our right most vertical red line (where the green up arrow is), and progress candle by candle. (19:15 candle Jan 9) At the volume peak, price came ...

Volume Price Level Trading

First thing I need is a price level. The price level is just a reference line that price/volume moves around and reacts too. Once the price level is established we can start reading the price/volume. So, to find my first price level, I picked out 3 ...

Volume Price Level Trading

Devil In The Details I have discussed one way to set price levels. What I'm about to discuss here is how to read price/volume. I've explained volume = interest. Price is our compass. So price/volume as a combination "point at market interest". Now, ...

Volume Price Level Trading