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All language subtitles for cammycapital-Volume Profile Trading Course-16-Reinforced Levels-eng

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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,000 --> 00:00:02,066 The next confluence we refer to as 2 00:00:02,066 --> 00:00:05,466 reinforced levels. A reinforced level is 3 00:00:05,466 --> 00:00:08,033 when a high volume node develops directly 4 00:00:08,033 --> 00:00:11,433 on or adjacent to a key volume profile 5 00:00:11,433 --> 00:00:13,666 level. And what this is doing is 6 00:00:13,666 --> 00:00:16,666 indicating market acceptance of that key 7 00:00:16,666 --> 00:00:20,066 price level. Now when price breaks away 8 00:00:20,066 --> 00:00:22,666 from this reinforced level, we can more 9 00:00:22,666 --> 00:00:26,266 confidently use that level as support or 10 00:00:26,266 --> 00:00:28,233 resistance on the retest depending on 11 00:00:28,233 --> 00:00:31,166 which side price breaks. So if we look at 12 00:00:31,166 --> 00:00:33,733 the example on the right here, we have the 13 00:00:33,733 --> 00:00:35,533 white dotted line which is the previous 14 00:00:35,533 --> 00:00:38,633 day's value area high. And what we have 15 00:00:38,633 --> 00:00:40,633 here, this profile is our developing 16 00:00:40,633 --> 00:00:43,466 session profile. And you can see that we 17 00:00:43,466 --> 00:00:46,166 have a high volume node here developed 18 00:00:46,166 --> 00:00:48,800 right across the top of the previous day's 19 00:00:48,800 --> 00:00:51,566 value area high. So it's created a bit of 20 00:00:51,566 --> 00:00:54,433 volume here earlier in the session. It's 21 00:00:54,433 --> 00:00:56,633 broken down, come away from that level. 22 00:00:56,800 --> 00:00:58,533 Price is now trading below the previous 23 00:00:58,533 --> 00:01:01,000 day's value area high. When price comes 24 00:01:01,000 --> 00:01:03,833 back up to test that previous day's value 25 00:01:03,833 --> 00:01:06,166 area high, we can now more confidently 26 00:01:06,166 --> 00:01:08,333 trade and take a short from this level 27 00:01:08,333 --> 00:01:09,833 being as we're coming from the underside. 28 00:01:10,366 --> 00:01:12,833 Because the previous day's value level has 29 00:01:12,833 --> 00:01:15,933 been reinforced with a high volume node. 30 00:01:16,266 --> 00:01:18,033 So we see when price came up here the 31 00:01:18,033 --> 00:01:20,066 first time, tapped the previous day's 32 00:01:20,066 --> 00:01:22,533 value area high. Tapping also the high 33 00:01:22,533 --> 00:01:24,933 volume node highlighted in green. We get a 34 00:01:24,933 --> 00:01:27,666 first short play there. Then it comes up 35 00:01:27,666 --> 00:01:29,966 again, trades into the previous day value 36 00:01:29,966 --> 00:01:31,966 area high and into that high volume node. 37 00:01:32,200 --> 00:01:33,866 And then if you have a sharp eye, you'll 38 00:01:33,866 --> 00:01:35,700 notice a third confluence here as well, 39 00:01:35,800 --> 00:01:39,033 which is the session value area high. And 40 00:01:39,033 --> 00:01:40,966 then it comes off and trades down to the 41 00:01:40,966 --> 00:01:43,833 downside again. So this is another key 42 00:01:43,833 --> 00:01:46,333 confluence you can look for is watch for 43 00:01:46,333 --> 00:01:48,233 the high volume nodes in the developing 44 00:01:48,233 --> 00:01:51,300 profile. Watch for them to develop around 45 00:01:51,300 --> 00:01:54,300 any value level from past data and use 46 00:01:54,300 --> 00:01:56,500 that as an extra confluence to turn a C 47 00:01:56,500 --> 00:01:58,800 trade into a B trade. And then try and 48 00:01:58,800 --> 00:02:00,666 find that third confluence to turn it into 49 00:02:00,666 --> 00:02:03,166 an A trade. Because remember, recent high 50 00:02:03,166 --> 00:02:05,366 volume nodes when traded back towards 51 00:02:05,366 --> 00:02:08,699 often cause price to slow down, bounce or 52 00:02:08,699 --> 00:02:10,500 reverse. And when lining that up with a 53 00:02:10,500 --> 00:02:13,066 logical value level gives you good reason 54 00:02:13,066 --> 00:02:16,066 to trust the trade when these develop. So 55 00:02:16,066 --> 00:02:18,100 that is how you find reinforced levels. 56 00:02:19,000 --> 00:02:21,066 Now let's move on to the final confluence, 57 00:02:21,066 --> 00:02:23,466 which is all about building context around 58 00:02:23,466 --> 00:02:23,966 the auction. 4282