The correct way to use Volume Profile

[qwB]

I look at the volume profiles on a weekly basis and use them as a way to enter the HVN and POC. If you have a better usage than this, please let me know.

 

[maxinger]

Too many strange / new words.
Time for you to update the Investopedia

 

[p0box4]

View attachment 336136
View attachment 336137

Too many strange / new words.
Time for you to update the Investopedia

HVN = high volume node
POC = point of control

 

[Quanto]

Volume Profile, HVN, PoC, VA are characteristics on a chart, explained here:
https://globalprime.medium.com/how-...e-structures-in-the-forex-market-f28f0b5efd62

 

[MarkBrown]

i use them day trading, can always scalp at the VA's (value areas)

 

[BAT31]

I use its variant TPO to swing trade. I start building a position when price enters a VAH or VAL areas. If the price goes further into those areas, I add to the position. If it leaves those areas, I exit at the POC.

If your use of volume profile earns you money, then it is the correct way. If it doesn't then it an incorrect way. There are many correct and incorrect ways to use it.

 

[murray t turtle]

%%
I have used it;
but most ETFs i do/ are real good volume \anyWay. Not using it today

 

[doubledoubledoublecup]

%%
I have used it;
but most ETFs i do/ are real good volume \anyWay. Not using it today

only used it when level are blurred, support and resistance work the same.

 

[mervyn]

I use TPO more than VP, lot of volume is generated by algo, not telling much, particularly in days like today and yesterday.

 

[NoahA]

i use them day trading, can always scalp at the VA's (value areas)

Is it because you expect congestion here so you expect a trading range?