Trader Dale - Volume Profile Trading Blog

  Have you ever heard the term “ Black Swan ” phenomenon? In short, it is  when something which NOBODY expected happens. In my 12+ years trading career, I have witnessed just two such situations. The first was the crazy  jump in the value of the Swiss Franc in 2015 . This was seconds after the Swiss central bank announced they are abandoning the cap of CHF against EUR. This was one of the craziest days in my trading career. The second Black Swan nobody expected is happening RIGHT NOW!  Here is what is going on: How it started Huge  hedge funds  started to Short stocks of a company called “GameStop”   driving the price downwards. GameStop is a US company with headquarters in Texas. They sell computer and console games, electronics,… They haven’t been doing too good because the COVID-19 situation. People simply don’t go out to buy games anymore. They do it online now… Now, a thing NOBODY expected happened! Regular guys from  Reddit forum  (discussion group called “ wallstreetbets “) star

Hello guys, today’s day trading analysis will be on  EUR/NZD. The first important thing to notice is the  strong uptrend which started yesterday. When there is an uptrend like this, I always like to use my  Flexible Volume Profile indicator  to look for significant  Volume Clusters. Those Volume Clusters are sort of “bumps” that show on the  Volume Profile  in the trend. The most significant Volume Cluster in the current trend area has now occurred around  1.6849. So, what’s the story? As the buyers were pushing the price upwards into that trend, they slowed down around the  1.6849 and they started to add to their Long positions. This is what created the  Volume Cluster. Afterwards, they started to push the price aggressively upwards again – trend continues. EUR/NZD; 30 Minute chart: Now we know, that the area around 1.6849 is a very important zone for the  big institutional traders , who were entering their Long trades there. When the price makes it back to this area again, we can exp

Hello guys, today I would like to share with you my  day trading analysis of NZD/CAD. This pair caught my attention at the first sight because there was one of my favorite formations very nicely visible there. The formation is a  price channel/rotation followed by an aggressive and sharp trend.  In this case, it is an uptrend. Volume Profile Analysis If you check the volume distribution in this rotation with  Volume Profile , then you will see, that there were  massive volumes traded there. The heaviest volumes were at 0.9168.  This is actually the  Weekly  Point OF Control (POC) ,  which means that the heaviest volumes of this week (so far) have been traded there. Since there is an uptrend commencing from the POC, we can surmise that in that heavy volume area, strong  Buyers were building up their Long positions. When the Buyers had entered their Longs there, they pushed the price aggressively upwards. When the price makes it back into the heavy volume zone around 0.9168, those Buyers