You've Been Reading Volume WRONG (Mind Blowing Video)
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- เผยแพร่เมื่อ 29 ต.ค. 2023
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In this Stock Market video I will be discussing how to read volume correctly
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A little tip here. If you're looking at let's say 15-minute candles and trying to tag the volume, you can look at 3-minute chart to actually see in more details when buying came in and when selling came in. Then what your explaining here will start making a lot of sense right away!
6:40 starts with real charts not drawings
You the man 💪🏼
Brandon how do you find your levels? Any videos on this topic. Also, is it ok to use the RSI overbought and oversold areas as well at key levels? Thank you for all you do.
Which site u use to scan high volume stocks?
to not get so dizzy with that indicator, learn to use better the Delta on volume, which tells you specifically, how the volume started to enter and how it ended, it is better than watching the classic volume, and in addition, sometimes the candle in the price ends in green, but in the delta ends in red, it is known as delta divergence and possible reversal, depending on the temporality you are using.
Is there a good delta indicator on TV?
Nope, not true. A buy limit order has NEGATIVE delta and a sell limit order has POSITIVE delta. A buy market order has POSITIVE delta and a sell market order has NEGATIVE delta. If you are familiar with footprint/volumetric (Ninja trader) bars, you will very often see extreme negative delta close to the BOTTOM of a move. These are limit buy orders entering the market. Alternatively, extremely positive delta near TOPS, limit sell orders entering. This is easier to visualize in Bookmap. If you are interested, I could make a video explaining.
As for volume, bar volume profile is probably the easiest way for new traders. Alternatively just remember that volume peaks around bottoms and tops (limit orders). Breakouts happen when aggressive (market orders) buyers/sellers push out of liquidity zone (consolidation) in search of new price zone (liquidity higher or lower). Important to note - this leaves a lot of unfilled orders thus most breakouts/breakdowns revisit the initial place to fill the resting orders.
These volume bars are time dependent and are specific to that candle (be it 1 min , 5 min or 4H or whatever). Better to look at volume dependent on price
Great video, I wish they could make the volume indicator different as it’s definitely tricky to figure that out when having to compare with price action. This will definitely take sometime getting used to.
It exists it is called market footprint😊
Thanks for this video. At the 6:20-6:30 min I saw many examples during earnings this week after a stock dumped. Since I am new and still learning I missed opportunities for long positions. Good stuff.
Or we can say that price comes to area of interest ( resistance ) and buyers tried to move the market up but then slowly sellers *absorbed* those buying orders?
Excellent video. thank you..
That was litt bro.. I definitely was reading volume as just red(selling ) or green ( buying) … once yu piece together the other info VOLUME is just how many ppl are in that candle … make way more sense now
I like that generalization a lot; that is volume being just the how many people in a candle.
Yeah the green and red volume bars makes it confusing. Should be change it to the same color.
I really enjoyed this video! Yes, I’m definitely interested in more videos from you. If I understood correctly, you Live stream here on TH-cam every morning?
Brandon, this video is fire!! thank you. yes would Love to see more video on volume.💯
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Most important chart in trading is orderflow chart but it is not available for free, once u have that it clearly shows the buyer and seller orders in that time frame along side candle, if one is bigger then other then in later candles market starts falling or rising, yup it's very simple that's why it is not free.
Great video Brandon. Thank you!
Thank you, very informative 🎉
Best way I can think of to "interpret where volume is more buy/sell" would be to drill down to a lower timeframe chart and compare the volumes relating to our "levels of interest". Makes simple sense to me ... No matter how you look at price action (timeframe, volume, ticks etc), there is always a story within the story
what an awesome video, thank you!!
How do you know if increased volume is on the wick???
Thanks so much that really confusing for me but now I will pay more attention
Thank you!
i ask U break Down Volume what is VOLUME . What is Happening ( within each Bar ) if U can answer this question then U know .
Correct. The color of the candle represents the volume delta and it's not all sell or buy volume.
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Top shelf! One of the best explanations I've seen thus far on volume and it's importance based on location and price action.
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VPA analysis has been my go to since the 90s 😂😂,
Awesome.. Great explanation ....
Glad you liked it!
Great Video Brandon Simple and easy to understand traders should definitely consider volume more at key areas it makes a huge difference
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No volume is a waste of time
Great video. Thanks!
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Great content man ty
you always help me out with every video
Every candle that we see is just an average of the total transaction made in the unit of time. So lets say 100 transactions took place in 1 minute. 70 transactions buyers, 30 transactions sellers. Algo turns the candle automatically to green, because majority of the transactions came from the buyers. So final result is green, that we see on the chart. But we gotta know that there are sellers too, and even this ratio can change dramatically in the next 3 candles, buyers vs. sellers will be 70-30, then 50-50, then 20-80, and only last candle can be red, the price action must be understood like a complex fight between buyers and sellers in that unit of time. There is no way that sellers are gonna stay and watch and let 100% buyers do their job, is just that they are not willing to enter trades or they have not enough power to overcome the sellers untill a given moment (price level approaches to an important level). This is how a candle stick looks like from the "inner side", like a fight whichi implies both enemies.
I definitely found value, thanks Brandon I appreciate it.
Glad it was helpful!
High volume with a green candle with any wick is not a good time to short. Don't you think someone has already figured this out. I would wait for a better set up.
I am already implementing this kind of strategy in my trading. This is less stress and more accurate in HTF. PA + volume + candle closes = clarity.
This called ending volume. Great vid
you know we always there on them morning lives
Do you have beginner videos? These are difficult for me to follow. How do you find support levels?
Tons of them! Plus inside both of my books
Wouldnt it be 'clearer' if you zoom in to 1min candles for the rejection volume incoming and than zoom out to a 5 or 15 min tf
Greatly appreciate this my friend.
Would be nice if you demo this on a chart, to see it actually working, replay etc as opposed just theory.
Examples of where this has won big for you maybe?
Well that’s more price action interpretation than volume.
Useful content
really good, thanks
Welcome 📈
Adding a lower time frame chart will allow you to rely on assumptions less often.
What time frame would this be on?
Many different time frames will show different signals. As a trader you need to choose a timeframe that fits best for your style
at around 3 minutes you said you can assume a majority of the volume on the third candle stick came in on the sell side. I get what you mean but for a true understanding of what's happening, that would be wrong. There is equal selling and buying at that resistance level but the sellers were more aggressive with their selling. They were in a hurry to dump and agreed to lower and lower prices , Thus giving the top wick on the candle.
the Problem U get what get . but there is other Volume Data break it apart and Chart it individually
Dead chart volume date is fruitful as leading indicator? I don't think so , might be lagging
Thanku very helpfull
Thanks mate
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Wow! Thank you for this Brandon. This video alone earns my sub. Thanks again. Happy New Year and God bless!
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this video is a gem, thank you
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great explanation, the missing piece in my system
The point is that you want to be the type of trader that can literally set a stop loss and a gain and be done ….
Great video as always Brandon. Best teacher in the game
If your in at the 50% retracement based off that first candle and u are trading 0 dTe contracts .70$+ risk isn’t realistic
I do this everyday brother. Come watch me trade live :)
If the majority of the volume is negative or selling volume, how could the candle still be green?
Yes. Thank you. That does indeed need to be clarified. Selling volume and buying volume are always equal.
If the price close above/below of the previous candle it shows red/green it doesnt matter on the candle size
This is the common way of analyzing volume. What's the other "wrong" way?
Volume comparison required
03:25 you're WRONG. A single pull back at a resistance level is not enough reason conclude its a trend reversal. By the way you need up to like 2 more bearish candles validated by volume to conclude its a reversal. Even such a V-top reversal is uncommon. Most times price consolidate a little while before a trend reversal.
I do this everyday. Join the livestreams I do & see it in action
Interesting video.
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The video was clearly great and helpful brother..,,no need to add the "mind blowing video" in the title. I hope you dont see this as a negative comment.
Volume or money
Elite
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VOLUME what are U talking about are U looking at volume to open , to close , sell to Open or sell to Close . first of all brokers are not the same and don't have access to ( ALL ) volume data and U have 1min 30 min 1hr 1day weekly . use VolumeAccumulations tell's U more and it is live DATA .
Tell's ??? 😂😂😂
Go learn VSA then delete your comment 😮
@ewg6200 makes zero sense, ignoramus.
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Hey bro, you’re doing a good job but please could you remove your face from the video to increase the screen real estate. You handsome face on the DP is enough.
make way more sense now
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when U answer what is VOLUME then maybe U understand . an so far U have not trading from 1967 come on teach me if U can .
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There is absolutely NO SUCH THING as "buying or selling" volume.
It's just volume. As each trade needs an opposite side to count as volume.
This is utter garbage.
God save anyone who needed this video and is trading with live capital
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you are not a good teacher
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