Volume Profile: Part 1

The podcast explores the volume profile, a visual representation of contracts traded at each price level, and its application in trading decisions. It differentiates volume profile from simple volume histograms, emphasizing its utility across futures, stocks, and crypto markets. Key components such as low volume nodes (LVNs), high volume nodes (HVNs), value areas, and point of control (POC) are defined, alongside discussion of how these elements reflect market auction dynamics. The hosts share insights on using leg-to-leg volume profiles for intraday trading, focusing on identifying absorption and excess. They also analyze real-world examples, like the October 9th trading session, to demonstrate how volume profile analysis can inform trading strategies and risk management.