PLEASE WATCH THIS VIDEO. The Volume Average is discussed beginning at zero and the volume/price binary indicator is discussed beginning at 11:07.
I captured two charts of interest that you can study, and if you have questions, please ask them in the comments and I will answer them as soon as possible.
This is Friday’s hourly chart that shows how selling volume confirmed with the binary indicator to show where a bearish breakout in price was about to occur and did. The Volume Profile, which was indicating limited trading between that green dotted line (the unfair low), also demonstrated that the move would be significant, which it was:
This shows a 15-minute chart with the trade I successfully completed Friday morning. More about these set-ups will be coming. It can be difficult to video while trading, but I am working on a solution for that limitation.
The trade was a short trade, and volume quickly reversed afterward. In future parts of “Setting Up The Trade”, I will discuss how I handle this situation.
That is all for now! Have a wonderful Sunday!
