准点 (On Point)

I have abandoned the past data indi approach to trading as it is not what i am looking for, when i say past data i mean any indi that looks back to calculate the future in an averaging kind of way, which nearly all other indicators are based on.

So this thread is based on Volume profile and point of control , i may add OBV to this at a later date but would prefer to have a cumulative delta indi for MT4 which calculates from market open each day.

I know this is tick volume and not real volume so please do not tell me this on the thread.

I have been reading up on and testing volume profile for quite a few months now and have came up with my own system for trading it, what i like about this is you can really get in at the best possible price we do not wait for close of candle blah blah blah we enter when price hits our target area no matter what time of the day and if it goes against us the risk is small depending on previous day profile ( thats something else we can discuss ).

I use 30 minute charts on MT4 platform and use 2 types of volume profile - daily profile and profile by time.

Daily profile is set to look back 11 days so that gives me 10 completed and the open day, it gives me all the POC's from those previous 10 days, also i get the previous day VAH and VAL as lines in a different colour.

My volume profile by time is set to look back 6 days 8640 1 minute bars.

I look for retracement to strong S/R zones to enter created from all POC's and exit if break reaches previous day VAH or VAL respective, TP is next POC if profile is really strong or if weak i move SL to where i want to be

Example:

Blue areas are potential entries and red rectangle would be worst case exit or TP, we need to have a decent move either way before retrace.



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There is far more to this than i have just said but we can talk about that as we move along, if you want to join in.

Be back soon