[Volume Confirmation on False Breakouts]

[Soultrader 12]

Short video on identifying false breakouts and how to profit from these moves. Usually when false breakouts occur, price will swiftly reverse in the other direction. A valid breakout needs good buying volume. Without it, we are seeing a lack of buying confidence.

 

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[notouch 10]

I traded the same move today. Price tested the point of control several times throughout the day. I was stopped out for break even about 5 times before the final one made a 60 point move down. It's difficult to find a good entry when price is moving above and below the VAL, VAH, POC and pivot points. I normally look at how strong the selling volume is if I'm planning to short so I appreciate your insights into low buying volume suggesting a reversal.

[keymoo 10]

Very interesting again. The key to the kingdom is with no shadow of a doubt, price action, volume and tape and how they react to pivot points, fibonacci levels and value area boundaries. Nice nice, I will be observing these levels over the coming weeks. Watching your videos makes me feel so stupid as my trading has been terrible this week. I am the one supplying the good traders with profits. Let's hope that changes and I can switch over.

[walterw 10]

Absolutly Yes ¡¡ Volume MUST confirm the breakout of this big consolidations.... otherwise trade a sweet fade.... good video Soul ¡¡ everyday I get more convinced of this perfect relationship between volume, delta and key levels.... they are so simple and reliable ... has made my life so simple cheers Walter.