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  #737 (permalink)

Bala, PA, USA
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
monpere's Avatar
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,321 received

Private Banker View Post
No ignorance by asking questions. Low Volume Nodes (LVN's) are areas where price moved out of very quickly in a break out or break down in trend. Usually very little trades took place in this area (low volume) meaning price was not accepted there. These areas can become magnets for price down the road but can also serve as support and resistance. The terms are in reference to Market Profile of course and are watched heavily by the bigger players in the market. I don't want to go into a long winded explanation but that's the gist of it.

Node is a physics term with reference to a point on a standing wave.


Speaking of nodes, price on the Euro has now reached the ledge of the next high volume node (HVN) which is providing support so far, hence the sideways action so far in RTH. Price could be getting absorbed around the 1.2970 area with the hope that more buyers step in. Be careful though, this could give way if no one steps in.

I know what they are. I don't trade them, and don't believe in them since in my experience they work just as often as they are ignored. But a volume profile picture would help visualize the explanation better for those who are interested in that approach.

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