$12,000+ With Volume Climax and Double Top Formation

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$12,000+ With Volume Climax and Double Top Formation

$12,000+ Intraday Trading Profit By Identifying Volume Climax and Double Top Formation

Anthony Speciale here with Hawkeye Traders. I hope you’re having a fantastic day.

Today, I’m excited to share a trade that yielded just over $12,000 in a single day.

https://vimeo.com/991832999?share=copy 

This trade exemplifies the power of understanding volume and price action, particularly in recognizing double tops.

Identifying the Double Top with Hawkeye Volume

The key to this trade was identifying a double top formation using Hawkeye Volume.

As the session progressed, we noticed a volume climax at the prior high.

This surge in volume, coupled with the failure to break the high, indicated a strong potential for a reversal.

Here’s a closer look:

  • Volume Surge at the High: We observed a significant increase in volume as the price approached the prior high of the session. Despite this, the market failed to push higher.
  • Candlestick Analysis: The candles showed a push up in volume but closed around the 50% mark, indicating indecision and a likely reversal.
  • Volume Climax Confirmation: The Hawkeye wide bar confirmed strong selling pressure. The market then experienced a sharp decline, validating our double top hypothesis.

double top

Detailed Trade Breakdown

Let’s walk through the trade:

  • Entry Point: I entered the trade after the market failed the prior high, marked by a significant volume surge without follow-through.
  • Managing the Trade: As the trade progressed, I took profits and advanced my stop to protect gains while allowing the move to reach its full potential.
  • Profit Taking: By recognizing the volume climax, I spread out my profit-taking points, ultimately securing just over $12,000.

The Importance of Volume and Price Action

The crux of successful trading lies in understanding the relationship between volume and price action. Many traders rely on indicators or algorithms, but the true power comes from observing how aggressive buyers and sellers interact at key levels.

A Live Example

I identified this setup LIVE, for myself and other traders trading real money accounts.

This isn’t hindsight analysis; it’s real-time decision-making based on proven principles.

Join Me for a Deeper Dive

I believe in the power of education and sharing knowledge. That’s why I’ve included a detailed video of this trade within the blog post.

I encourage you to watch it and understand the nuances of volume and price action.

Additionally, I invite you to join me in a training webinar where we will delve deeper into these concepts.

We’ll discuss how to get Hawkeye volume on your charts, whether you use TradeStation, TradingView, NinjaTrader, or MetaTrader.

This approach works across various instruments—stocks, futures, forex, and cryptocurrencies—and for different trading styles, from day trading to position trading.

Trading can be a rewarding career once you master the necessary skills.

Understanding volume and price action provides clarity in a cluttered market, leading to consistent and profitable trading.

I am passionate about helping other traders achieve success, and I look forward to seeing you in the training webinar.

Click here to join the training webinar and start your journey towards mastering volume and price action.

Thank you for your time, and I look forward to seeing you succeed as a trader.

Happy Trading,

Anthony Speciale

Hawkeye Traders

Big Energy Profits

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