Trader Dale - Volume Profile Trading Blog

About two months ago I wrote an article titled “ Will there be a Sell-Off on Gold? “. At that time Gold was quite overpriced and it was close to the psychological barrier of $2.000. I also wrote a bit about how Gold does not really have too much use in technology and that in most cases it is just a shiny piece of stone people like to buy. In the two upcoming months, the predicted sell-off really came. The first one in August and then the second one in September. In this article, I would like to show you the most important institutional support and resistances which formed on Gold. As the institutions are best seen using  Volume Profile , I will be using this indicator to identify the most important support and resistance zones. Support at 1810.00 I used my  Flexible Volume Profile  on the whole uptrend (including the rotation that took place before it). This revealed  two significant heavy volume areas. The first one is around  1810 and it is based on a Volume Cluster from which a stro

  *Disclaimer:   Presented opinions, trades and trading ideas on the markets and charts is not advice nor a trading recommendation. It is general information and it is for educational purposes only. If you would like to learn to  trade with Volume Profile  and to  trade with me  every day, then join my  Trading Course!                                     Click the button below to get more information: Trading Course

  How To Trade The Double Distribution Profile – Volume Profile Trading Volume Profile  histogram has a few basic shapes it can develop into. Their names are based on their looks. We have the “b-shaped profile” which is shaped like a letter “b”, we have a “D-shaped profile”, which looks like the capital letter D, there is also the “p-shaped profile” which looks like the letter “p”, etc… I talked more in detail about those in the  Volume Profile For Beginners Guide . Today, I would like to talk about the  “Double-distribution” profile . The main feature of this profile shape is that  it has two significant volume areas. One at the top, and one at the bottom.  Like in the picture below: “Double distribution” → “D-shaped” profile The “Double-distribution” profile very often turns into a “D-shaped” profile.  This means that the thin Volume area which is in between of the two heavy volume areas gets filled with volumes. In order for this to happen, the  price needs to react to the two heavy

  *Disclaimer:   Presented opinions, trades and trading ideas on the markets and charts is not advice nor a trading recommendation. It is general information and it is for educational purposes only. If you would like to learn to  trade with Volume Profile  and to  trade with me  every day, then join my  Trading Course!                                     Click the button below to get more information: Trading Course

  Traders often start  lowering their criteria when they are having good trading results   for some time. In most cases, this behavior is completely   unintentional. In this article, I will be showing you various examples of this  ”criteria lowering”  to help you avoid this common problem. I will demonstrate this on a  live account  of one of my  members . His name is Joe and he is an independent trader who trades with my  swing trading strategy . Joes’ live account history (27.1.2020 – 20.2.2020) Click to zoom in Joe is trading with  Daily charts  using my  swing trading strategy . His  risk to reward ratio  is  1:1 ; $100 in Stop Loss and $100 in Take Profit. He is also using my  alternative stop loss method  but there is no example of it in this part of his trading history. In this picture, we can see he was having a  winning streak  which turned into a  losing one  right after that. This is the result of  unintentionally lowering his trading criteria  after he has been trading real