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What's better, Price alone, or Price + Volume Profiling?
Thanks Anagami-- regarding your point about volume acceleration and the scenario you mention, do you mean looking for a short after the test of a new high, immediately after it forms the second peak, for example? Then find the stops below?
How about breakouts, like a breakout of a double-top? Do you look for fast tape and good volume on the way up to the top the third time (or second time as the case may be)?
Can you help answer these questions from other members on NexusFi?
I do pay attention to Volume-At-Price. It is not the Be All To End All but very helpful to identify potential Sup Res zones. I then use these zones to scale out of positions. There is a guy that tweets about this stuff and I found him very helpful to understand what the market is doing. Would post his website but do not know if the "Big Lap Puppy" will bounce me out of here.
Not a breakout trader per se. I prefer fakeouts and breakout pullbacks (failed fakeouts). In other words, I assume that a breakout will fail (which is true in most cases)... and if that failure fails, then I enter with the breakout. But I never look for a simple entry on say, a one tick range breakout.
As for volume, it is less important for fakeouts and more important for breakout pullbacks.
Consider a 3000 constant volume chart for both the April and May contracts. Note that the vertical lines approximately mark the beginning of the same time period.