In the third part of the US futures webinar I explain how to use levels to give you those all important regions to set and manage your stop losses. Here I use both the support and resistance indicator and the camarilla levels indicator to deliver these automatically.
Hi Ana, thanks for the video. Should we put the stops exactly on the camarilla levels?
I’m a bit confused on when to enter and exit trades, about entering: How I understood the VPA principles we should wait for an accumulation, then once the test on low volume happens we join the trade on the breakout. In the video you’re saying we should enter at once the VPA is crossed around the 2 minute mark. According to the VPA shouldn’t we enter either 2 levels below the VPA or one level above the VPA?
Where would you take profits? Once the upper resistance is reached how far below do you set you stop loss for profit taking – unless volume tells you that a strong reversal is coming? On the chart above it would be 2 levels above the VPA?
Hi Buster – many thanks for getting in touch and hope you enjoyed the volume price analysis book:-) This is one of the questions I am often asked and it is for you as a trader to decide using all the information – both volume-based analysis over multiple timeframes and also the indicators. It is something we cover in detail in the complete forex trading program which you can find here https://quantumtradingeducation.com Where to take profits is done by the analysis of the chart and what barriers are in the way to the progression of the trading position. VPA embraces all the elements including support and resistance which will always play a part in any decision making – all best Anna