Market Profile Trading: Gold & Oil Trade Strategy Using Volume Profiles | Axia Futures

Share it with your friends Like

Thanks! Share it with your friends!

Close

Watch the full video on a free two week trial at https://www.AxiaFutures.com/

Brannigan starts this market profile trading session showing how when markets are volatile, it is necessary to get a longer-term, larger time-frame picture up to begin your process of developing day trading strategies.

In the first case of the gold market, we see on the weekly volume profile that the market opened within value and left a hollow cave area from the previous week’s activity, suggesting potential to be revisited. This bullish scenario, couples with a market still in balance and near the prior week’s lows offers a trade strategy of buy a false break and trading the bounce back up. Further, another technical strategy that has worked in gold and oil during this time are areas of support and resistance offering polarity. In this case the gold marketed reacted around the 1333 area, which coincided with previous week’s low.

In the oil market Brannigan notes activity and weakness coming in during the Asian sessions, and that similarly to gold, we again see polarity in support and resistance. When markets approach these levels they become tricky to trade because in order to break, the market needs to establish “acceptance”.

Gain access to more than 50 streams like this per month with professional traders. That’s a total of over 1500 mins at £96 per month, equaling just £1.92 per stream.

Sign up now and get a free 2-week trial:

https://AxiaFutures.com/Membership-Account/Membership-Checkout/?level=1

To learn more market profile trading strategies and advanced concepts, watch this free 1 hour course overview here:

https://AxiaFutures.com/unit/Overview-of-Volume-Profiling-with-Strategy-Development-Course/?id=1917

Join our London Career Programme:

https://AxiaFutures.com/course/Career-Program-London/

All of our traders use TT for fast and efficient execution on the DOM.

Try the TT platform free for 4 weeks:

https://www.TradingTechnologies.com/try-tt/?utm_custom=axia

Axia Futures engages in Developing World Class Traders Globally.

Follow us at:
Website: https://www.AxiaFutures.com/
Facebook: https://www.facebook.com/AxiaFutures/
Twitter: https://twitter.com/AxiaFutures
Instagram: https://www.instagram.com/AxiaFutures/

Comments

Comments are disabled for this post.