All language subtitles for cammycapital-Volume Profile Trading Course-15-Overlapping Levels-eng

So one of the best confluences we use is

the overlapping profile levels. Two or

more independent auctions, aka profiles,

agreeing on the same price as a level of

interest is a key confluence that we use.

So the developing profile, which is our

intraday session auction, and the prior

day, the overnight, the prior week, all

these profiles are built by different

participants and contexts. But when these

key levels line up, for example, POC with

POC, value area high-low with value area

high-low, high volume node with high

volume node, or even a mix of all the

above, you've now got multi-session

agreement and multi-auction agreement on

value or lack of value and shifts in

context. And what that does is that

concentrates liquidity, resting orders,

and trader attention on the same prices,

the same zones, which creates confluence

and therefore creates a higher probability

of a favorable outcome at these levels. So

an example of using this type of

confluence, so we look at the diagram on

the right here, we have the previous day's

profile here. This is the New York 9.30

through to 4 p.m. profile. And then we

have those levels, the value high, point

of control, value low, extended out into

the next session. And what we have here is

the overnight open at 6 p.m. and a

developing profile coming across to the

time of this particular trade setup. Now

what we have here is we have that previous

day's point of control. Now remember we

talked about point of control, whether

it's the previous days, the current

sessions, any point of control, you want

to avoid trading it by itself. You want to

have some sort of extra confluence. Well

what we have here is we can see that

according to this profile, the value area

high or the premium price point is at fair

value for yesterday. So if the overnight

session's value area high is yesterday's

point of control, then we can assume that

there won't be a proper sustained breakout

above the previous day's point of control,

as this is now considered relatively

expensive. And we have the current

session's value area high, which is this

upper blue line, overlapping with the

previous day's point of control level. And

there's actually a third confluence in

here as well, which we'll get into in one

of the next lessons here. But for now, pay

attention only to the overlapping levels,

value high of the current session

developing profile, overlapping with the

previous day's point of control, as price

taps into this area near point of control

and value high, anticipating a short to

the downside. So pay extra attention when

you see levels overlap like this,

particularly with the developing profile

as it relates to previous day, previous

overnight, previous week profile levels,

and use it to build context and build

confluence for potential trade setups. So

there are so many ways in which we can

combine the developing profile with past

data profile levels. And this is how you

will find the majority of your trades with

these overlapping profile levels. You'll

note that I mentioned there was one more

confluence in this setup, making this

actually an A plus trade setup. So let's

go into what that is now. So go ahead and

complete this lesson and move on to the

next one.