The correct way to use Volume Profile

BAT31 said:
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.

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Here I fixed that for you. :)

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BAT31 said:
Unlike you, I do my quantitative homework.

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You weren't here calling for 60k bitcoin in January months before it occurred. You also, I assume are not driving a (2008) Lambo. I wasn't trolling...TA is an art not a science, so I posted some art. :)

Also, what you call quanting is just a fancy word for Standard deviations, ATR, and Sigma...my spread sheet does all of that already. Also, I can back test an entire wheel strategy over x amount of days, months, years and it will yield the actual results.
 
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wxytrader said:
You weren't here calling for 60k bitcoin in January months before it occurred. You also, I assume are not driving a (2008) Lambo. I wasn't trolling...TA is an art not a science, so I posted some art. :)

Also, what you call quanting is just a fancy word for Standard deviations, ATR, and Sigma...my spread sheet does all of that already. I can back test an entire wheel strategy over x amount of days, months, years and it will yield the actual results.
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I never said TA was a science. You did. I said I do my homework. .

Furthermore, I could care less what you do with your spreadsheets. However, you seem to care what I do. Strange.

I don't drive a Lambo. In fact, I drive a 2015 Prius. I didn't call Bitcoin, because I don't trade crypto.

However, I do earn a middle class living from the stuff you choose ridicule. Mortgage and car note are paid off.

Most people earn a paycheck. As of 2024, after eight years of hard work, I'm proud to say that I don't have to ask anyone for a job.

You can have the last word.
 
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BAT31 said:
I never said TA was a science. You did. I said I do my homework. Furthermore, I could care less what you do with your spreadsheets. However, you seem to care what I do. Strange.

I don't drive a Lambo. In fact, I drive a 2015 Prius. I didn't call Bitcoin, because I don't trade crypto.

However, I do earn a middle class living from the stuff you ridicule. Mortgage and car note are paid off.

Most people earn a paycheck. As of 2024, after eight years of hard work, I'm proud to say that I don't have to ask anyone for a job.

You can have the last word.
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Gladly.

BAT31 said:
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.
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I like this strategy...I'm always averaging down..or as dumb traders refer to as "adding to a loser". This is why you paid off your mortgage. If you did this with bitcoin you would have a Lambo :)
 
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