Markets don’t wait. That’s why David hit record right at the live edge — no replays, no hindsight bias, just pure real-time VPA in action. In this session, he is breaking down the NQ, ES, and YM on 1-minute timeframes using Volume Price Analysis. You’ll see exactly how we read volume spikes, absorption, effort vs result, and turning points as they happen live. Whether you trade indices full-time or want to improve your intraday edge, this raw, unfiltered lesson shows the method in motion.
00:21
US Market Open and Initial Volume Spike – Futures Trading Lesson
00:21
The futures trading lesson video begins with an overview of the US market price action as trading starts shortly after 1:00 UK time. The presenter highlights the monitoring of three primary indices: YM, NQ, and ES, displayed across different time frames with one-minute charts on top and three-minute charts below. The footage shows live market activity with notable volume increases on the YM index.
00:56
Volume Anomaly and Congestion Expectation
00:56
The speaker discusses an unusually large volume injection in the market, far exceeding typical levels. This anomaly is identified by comparing it to a previous candle with half the volume but the same price spread, suggesting an expected period of congestion or pause as a result.
01:26
Selling Into Weakness and Secondary Trend
01:26
The speaker explains that despite ongoing effort, there is selling pressure within the candle, indicating that big operators like market makers and insiders are selling into weakness. This doesn’t necessarily signal a market reversal but suggests caution for those trading long. The presence of falling volume alongside falling prices is identified as an anomaly, which typically means the current trend is likely to continue. Low volume and narrow spreads in recent candles imply the market is currently in a congestion phase rather than undergoing a full reversal.
02:20
Falling Price and Volume Indicating Weakness
02:20
The segment analyzes candlestick patterns and volume indicators across multiple related indices, including the ENQ, ES, NQ, and YM. It highlights signs of weakening selling pressure as volume decreases despite falling prices, suggesting a potential reversal or pause in the downward trend. The discussion notes the appearance of wicks on the upper bodies of candles, indicating resistance and testing of higher levels, with volume spikes reinforcing these observations. Overall, the indices show agreement in these volume and price behaviors, pointing toward a cautious but possible move higher.
03:21
High Volume with Weak Candles Signals Caution
03:21
The market currently remains bullish despite external uncertainties such as the situation in Iran. The Volume Price Analysis (VPA) indicates that caution is needed as the price has just broken through a resistance zone around ENQ 27050, moving out of a congestion phase. Subsequent candles show signs of weakness with large upper wicks and reduced volume, suggesting possible congestion or a reversal. The strategy is to monitor the candles carefully across multiple time frames (3, 2, and 5 minutes) without exiting the position immediately, remaining vigilant for any emerging resistance or changes in momentum.
04:50
Multiple Time Frames Show Weak Rally Attempts
04:50
The segment analyzes price action across multiple time frames, focusing on three candles attempting to rally but showing weakness with upper wicks and declining volume. While this does not necessarily indicate a shift from a primary uptrend to a downtrend, it signals caution. Observations on slower time frames, such as the three-minute chart, confirm narrow spreads and low volume, reinforcing the weak momentum seen on faster charts. Similar patterns appear across different futures indices (YM and ES), illustrating the value of monitoring multiple indices for a broader market perspective.
06:32
Market in Sideways Congestion Ahead of News
06:32
The market is currently in congestion, neither advancing nor declining, as it approaches an anticipated news release. This pause often precedes market movement. Attention is on down candles to assess if they are dramatic, with widening spreads and increasing volume indicating a primary reversal rather than just a temporary pause in the bullish trend.
08:07
Volume analysis is emphasized as a crucial tool in technical analysis, despite some skepticism among traders. Volume has been a reliable indicator across various markets including futures, stocks, and forex, where tick volume serves as an effective proxy. The discussion notes that upward trends tend to progress steadily while downward trends are more volatile, often linked with sharp increases in volatility indices like the VIX.
09:34
The speaker highlights the use of the accumulation distribution indicator, which visually and numerically identifies the strength and frequency of tested price levels automatically. This tool is available on multiple trading platforms and is used to analyze current price action in the ES (E-mini S&P 500) futures, reinforcing the ongoing pause in the market.
10:40
Analysis of recent price candles shows declining volume accompanying green candles and long upper wicks, signaling a pause in upward momentum. Unusually high volume on certain large candles, inconsistent with their spread, combined with repeated upper wicks, further supports the pause and suggests weakening price strength. Overall, falling volume and price confirm this consolidation phase.
11:11
VPA Insight at Live Edge Predicting Reversal
11:11
The speaker explains how volume price analysis (VPA) at the live edge of the market provides insights into likely upcoming price movements, though not guaranteed. They observe a developing reversal after a period of upward movement, highlighting that volume anomalies signal caution and a potential congestion phase that could lead to a trend change.
12:21
The discussion continues on identifying signs of a reversal through widening spreads and rising volume, which may indicate a sustained downward trend. However, the speaker advises caution due to upcoming fundamental news, emphasizing that this example illustrates how price action unfolds during the US trading session by reading volume and price behavior in real time.
13:25
The speaker demonstrates how to interpret live market data using VPA, explaining the process of examining price action candle-by-candle. They introduce the option to switch to faster time frames, such as 15 seconds, to gain deeper insight into market trends and candle construction, enhancing the ability to read the live edge more precisely.
14:09
By moving to a 15-second time frame, the speaker shows how VPA becomes clearer and more actionable, revealing tradable trends within shorter intervals. They highlight how these faster time frames are suitable for scalping and provide greater detail on volume and price interactions, allowing for precise trade entries during both trending and congested market phases.
15:24
The speaker discusses the benefits of trading on very fast time frames, especially sub-one-minute charts, which offer frequent trading opportunities even during congestion. They demonstrate using indicators like accumulation distribution alongside VPA to confirm moves. The segment concludes with a recap of the reversal and congestion phases, and a sign-off before awaiting upcoming news events.
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