My timeline is full of so many people grasping at straws
Arbitrary bullshit about RSI and previous cycles and all of this other complete noise
We are in a completely different macroeconomic environment to any other cycle
RSI is a momentum indicator, it really means fuck all without context
We simply haven't had enough halving cycles to base an ENTIRE thesis around it (although so far we have followed it to a T)
And all of these reasons above are exactly why i have been trading around volume profile, and very consistently
Volume Profile completely changed the way I trade
Over the years I've used just about everything:
Support and resistance
Elliott Wave
Liquidity concepts
Heatmaps
ICT
And to be clear, I still think all of them have value
I did exceptionally well with ICT for a long time
But as market conditions changed, I found myself looking for something that was less subjective and more objective
That's when I started diving deeper into Volume Profile
What I love about it is how much noise it removes
The market is constantly searching for value
Volume Profile gives you a framework for identifying where that value exists, where participants agree on price, and when the market is attempting to establish value somewhere new
At its simplest, all you need to do is anchor a major swing high to swing low
Immediately you'll have three key references:
• Value Area High
• Value Area Low
• Point of Control (where the most volume has traded)
From there, your job becomes much easier
You don't need to predict
You don't need to guess
You don't need to force a bias
You simply wait for price to interact with one of these levels and then watch what the auction does
Is the market accepting beyond the level?
Or is it rejecting from it?
That is literally the ONLY question.
Because if the market can't facilitate trade beyond one area of value, then it looks for the next
It's essentially support and resistance without the subjective bullshit
Not arbitrary lines on a chart
Actual areas where meaningful business has taken place.
The best part?
This principle works across virtually every timeframe
The market changes
The decision making process doesnt
Large swings using fixed range volume profile
Intraday trading using Session volume profile
You could start trading with 0 knowledge
Use volume profile to mark levels
Practice acceptance vs rejection
And become profitable in a month