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FT 71 Knocks it Out of the Park!

Site Administrator | September 26, 2011

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We had a great event today with FuturesTrader71 sharing about his trading method in the market.  He shared with us about his method on Volume Profile and how the market focuses in on key areas throughout the day.  FT71 has seen just about every trading system or method out there and his advice was to work on your own method and learn to be successful with it.  Many people jump around from system to system without ever taking the time to mold their own approach.

The point of the market is not to make or lose you money but to facilitate a place for buyers and sellers to do business.  By taking a look at the amount of volume traded at different price points in the market there tends to be areas of acceptance and rejection (note this is volume traded at certain prices and not over a period of time).  The most accepted price in a range (highest volume inside that particular range) is known as the Volume Point of Control (VPOC).  Areas where there is the least amount of acceptance are known as troughs which is an area that typically sees price rejection.  The basis of the theory is that auction prices move up to entice sellers to step into the market.  Auction prices move down in order to entice buyers to step into the market.

To learn more about volume profile and the auction market theory, please click the following link:  Insights from FuturesTrader71

To register for upcoming TradingPub Events, please click here:  Future Trading Pub Events

 Cheers,

The TradingPub
“Trade, Talk, Learn- Cheers to Success”

Disclaimer: Article intended for traders and not English majors. Disregard any misplaced commas.

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 We had a great event today with FuturesTrader71 sharing about his trading method in the market.  He shared with us about his method on Volume Profile and how the market focuses in on key areas throughout the day.  FT71 has seen just about every trading system or method out there and his advice was to work on your own method and learn to be successful with it.  Many people jump around from system to system without ever taking the time to mold their own approach.

The point of the market is not to make or lose you money but to facilitate a place for buyers and sellers to do business.  By taking a look at the amount of volume traded at different price points in the market there tends to be areas of acceptance and rejection (note this is volume traded at certain prices and not over a period of time).  The most accepted price in a range (highest volume inside that particular range) is known as the Volume Point of Control (VPOC).  Areas where there is the least amount of acceptance are known as troughs which is an area that typically sees price rejection.  The basis of the theory is that auction prices move up to entice sellers to step into the market.  Auction prices move down in order to entice buyers to step into the market.

To learn more about volume profile and the auction market theory, please click the following link:  Insights from FuturesTrader71

To register for upcoming TradingPub Events, please click here:  Future Trading Pub Events

 Cheers,

The TradingPub
“Trade, Talk, Learn- Cheers to Success”

Disclaimer: Article intended for traders and not English majors. Disregard any misplaced commas.

Tweet