Do you want ME to help YOU with your trading? Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY! Start Learning to Trade Now! Video Transcript: Hey guys, Dan here from Funded Trader Academy with my trade of the week. Let’s break down this 18-point short, this breakdown trade from Tuesday, May 12th, taking out key session levels. We’re going to look into this setup from start to finish and dial in the specifics using the order flow footprint software to qualify this trade. Before we dial in the specifics here, let’s go ahead and take a look at some key context of the day heading into this trading session. So, as you can see, we are notching into new all-time highs day after day. And heading into this trading session, we had a nice overnight retrace. Okay, so we identified some key levels here at that 7,400 psychological level and that p...
Do you want ME to help YOU with your trading? Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY! Start Learning to Trade Now! Video Transcript: Point of Control is a strong Volume Profile level. But what if price completely ignores it and shoots straight through it? That failed Point of Control can actually give you a new trade — a reversal from the same level, but from the other side. Let me show you how it works. So, if Point of Control fails, that means there is a change of sentiment, and what you can do is take a reversal trade. A reversal trade means that you trade the same Point of Control again, but from the other side. Let me show you. It will be easier if I do a little drawing here. Take a look at this profile. Nice D-shaped profile, right? The price moves away from that Point of Control. That is the Point of Control line. It ...