Trader Dale - Volume Profile Trading Blog

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Bitcoin shot through its historical highs and continues sharply upwards. If you were only eyeing BTC and now you feel like you missed a big opportunity then you may be tempted to jump in a Long position now, as the prices are skyrocketing. My advice would be not to do this. One of my general rules is:  Don’t buy at highs and don’t sell at lows. Buying the Bitcoin now would be buying for the highest prices ever. What I would prefer is to  wait for a pullback  = for the price to drop a bit. Drop where? To a  place where big institutions were placing many of their Long positions. Such an area is around 19.000. I used my  Volume Profile indicator  to look into the current uptrend. There is one place in this area that really stands out.  In this area (19.000), huge volumes were accumulated. After this volume accumulation, the price shot upwards. This tells me that in this heavy volume area strong Buyers were building up their Long positions. When there is a pullback into this area again, th

  Hello guys, let’s check the  NZD/USD  today! There was a pretty wild development after yesterday’s FOMC news. The price first went down after the statement release, but then it turned sharply and a strong buying activity started. The newly formed uptrend continues until now. When there is an uptrend I like to  look for significant Volume Clusters using  Volume Profile . Now, there are three such Volume Clusters in the immediate area. In this analysis, I am going to comment on the one in the middle. Volume Cluster created within an uptrend usually indicates a place where strong  Buyers were adding to their Long positions . Those places are important because those  Buyers tend to defend these zones. So, when the price makes it back into the area where the Volume Cluster got formed (around  0.7109 ) I expect that there will be a buying reaction =  this area should work as a Support. This setup is called the “ Trend Setup “. NZD/USD; 30 Minute chart Price Action Confluence If you follow

  Hello guys, the recent macro news started a pretty strong reaction on the EUR. As you may know, the EUR is very closely linked to the CHF currency. This caused the USD/CHF to move as well as the EUR/USD. In this day trading analysis, I will focus on the USD/CHF. What I found interesting there is that  the price finally broke a price channel, it breached many strong lows, and now moves below them. Let’s start with  Volume Profile  analysis and get back to the price action a bit later. Volume Profile Analysis Before the strong sell-off started a couple of moments ago, there were quite heavy volumes accumulated. To me, it seems, that  sellers were accumulating their Shorts ,  and then they started to sell aggressively to push the price into a new trend. The place where the  volumes were the heaviest is around 0.8853.  That’s the  POC  and the most important volume zone in this area. When the price makes it back to this area again it is likely that the price will react to it. The reason