I've been waiting for this comment. Price levels would seem to be the same as S&R, and sometimes they will both land in the same place....maybe a lot of times, but don't get the two confused. Price levels are determined by price/volume movement and ...

Volume Price Level Trading

That's where we are headed.

Volume Price Level Trading

Nice trade!

Volume Price Level Trading

Keep reading...I'll keep going over it. P.S. I no longer call it forecasting where the price will go. I prefer to thing of it as evaluating, reading, justification for a decision. I find if I use "forecast" I let myself off the hook sometimes to be ...

Volume Price Level Trading

It doesn't matter what volume measures (in tems of broker ticks, trades, dollars, etc) as long as it remains consistent with price. When, I say consistent, I mean that the broker is always using, say trade volume, and doesn't switch it up half way ...

Volume Price Level Trading

The setup is good. Our goal is always to trade to price levels. In the case where we don't have a bottom price level, the risk is much greater for a failure. I'd work within the bottom price first, it is at 1.3045. I'd look to target an entry in at ...

Volume Price Level Trading

Interesting use of BB. Makes total sense as a way to identify peaks. You can use lesser peak levels though, but certainly this would keep you focused on the stronger moves.

Volume Price Level Trading

Ugly. However, not useless. Price/volume movements are still consistent with the way price is moving between price levels. The degree of change between volume bars is small. I would zoom in as much as possible but you still read the price/volume ...

Volume Price Level Trading

If you were in a long trade from about 11:00, yes, that would be the exit.

Volume Price Level Trading

Not how much. We are just looking at relative volume to each other. So "peak" or "spike" volume points just poke out higher than the rest around it. A nice "U" or "V" shape between our volume peaks is perfection. You can be much more picky about ...

Volume Price Level Trading

A Live Trade Example EUR/USD Jan 8 7:30 - 7:38ish pm EST The candle opened with a bang, price took a quick drop. My 1.3080 order is now open and as the candle crossed the 1.3080 price level volume started rising. I moved my stop down, no point of it ...

Volume Price Level Trading

A Live Trade Example EUR/USD Jan 8 7:15-7:30 pm EST It's pretty obvious from the moment the candle opens and 5 mins into the candle that price has pretty well had it for going up. I'm just relaxing now, waiting for the down play.

Volume Price Level Trading

A Live Trade Example EUR/USD Jan 8 7:00-7:15 pm EST My 1.3080 short order is missed but my 1.3085 is short order is opened when price moved up through 1.3085. I'm a little surprised by the strength of the price move up past 1.3085 but not worried. ...

Volume Price Level Trading

A Live Trade Example EUR/USD Jan 8 7pm EST It is about 6:45pm EST and I'm just setting up for a trade. I've established my price levels (horizontal green lines) using the volume peaks/price candles at the vertical red lines. At this time I'm ...

Volume Price Level Trading

You so nailed that trade and spotted the sell. You just missed that price level in "no mans land" that you were looking for, you knew it should be there. Remember, price levels fit like lego. Now in hindsight you probably see it clear as day. ...

Volume Price Level Trading

Quezoy, Price levels. I think you will see the move a lot better with a price level. It's a pretty easy one to see at 1.3120. Now the price/volume moves should make more sense. There's less interest in price above 1.3120...but. (I apologize if I ...

Volume Price Level Trading

Nope, you have it right. As price was rising, volume was falling. Look back at post 104, that might help. If not, the rest of post 106 gave the reason for the switch in direction. Interest was in the lower price level, but just that lower price ...

Volume Price Level Trading

VPLT TRADE WALK THROUGH JAN 7th-FIRST TRADE SETUP EUR/USD M15 Volume Indicator MT4 13. So, as we expected price is moving towards 1.3050 and so is volume. Here it is a little tricky. At this point in time we have a new peak. We have to assume it is ...

Volume Price Level Trading

VPLT TRADE WALK THROUGH JAN 7th-FIRST TRADE SETUP EUR/USD M15 Volume Indicator MT4 12. Looking at the chart and Peak F and our new Peak, there is no new price level. This peak has only confirmed our thought at trade, that interest (volume) is ...

Volume Price Level Trading

VPLT TRADE WALK THROUGH JAN 7th-FIRST TRADE SETUP EUR/USD M15 Volume Indicator MT4 11. Well this wasn't the ideal expectation of price/volume movement, but we did get our long buy in at 1.3020. Price and volume rose. This all fits our data and it is ...

Volume Price Level Trading