Trader Dale - Volume Profile Trading Blog

Hello guys, in today’s daily analysis I will talk about a newly formed  Support on USD/JPY. Yesterday, there was  a long rotation on USD/JPY.  Nothing special, really. But what made this rotation interesting was the strong buying/trend activity that followed in today’s Asian session. Why? When there is a rotation followed by an uptrend, then it indicates that strong Buyers were building up their Long positions in that rotation.  They were doing so slowly and unnoticed. Then they pushed the price aggressively upwards. Volume Profile Analysis When I see a rotation followed by a trend, I use my  Flexible Volume Profile  and I check out the volume distribution in that rotation and trend area. What I want to see is heavy volumes in the rotation.  Exactly like in the picture below! USD/JPY; 30 Minute chart: Those heavy volumes show the  big institutional market participants  getting into their Longs. When the price makes it back into this zone (in this case around 110.36) then those  institu

Hello guys, in today’s day trading analysis I am going to focus on  AUD/CAD . The reason being is a nice “ Volume Accumulation Setup ” that I spotted there, on a 30 Minute chart. Volume Profile Setup On Friday, there was a rotation, from which an uptrend started  (=strong buying activity). This is a typical scenario the  Volume Accumulation Setup  is based on:  First, a rotation and then a strong trend development – that’s what you want to see! This tells us one thing – strong  Buyers were building up their Long positions  in that rotation. Slowly, unnoticed. When they have accumulated their positions, they started to push the price upwards aggressively. How do we tell that there were heavy volumes accumulated in that rotation? By using the  Volume Profile indicator ! AUD/CAD; 30 Minute chart: This is a piece of information we can work with! When the price makes it back into this heavy volume area we can expect those  Buyers to defend this zone.  It is important for them because they p

*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 TAGS:  weekly ideas

  Hello guys, in yesterday’s article, I was talking about a trading opportunity that occurred after a strong trend day. It was a  day trading opportunity on AUD/CAD . In today’s post I am going to show you exactly  the same trading setup as yesterday, only on a higher time frame – on Daily chart.  Such time frame is suitable mostly for  swing trading  (position trading). What I want to demonstrate with this is the  versatility of  Volume Profile setups .  You can use these setups for intraday trading as well as for swing trading.  Setups remain the same, only time frame changes  (and of course, your Take Profit and Stop Loss values should be adjusted too). Let’s have a look at it then! Volume Profile Analysis There has been a strong  downtrend since the start of March on NZD/CAD. Within this downtrend, there were three places where the price stopped for a couple of days. In those places  strong Sellers were adding to their Short positions. You can see that nicely with my  Flexible Volu

Hello guys, today’s focus will be on  day trading analysis of AUD/CAD. There was a trend development on many Forex pairs yesterday. AUD/CAD was not an exception. A trend day usually creates many trading opportunities, like in here. Volume Profile Analysis If you use my  Flexible Volume Profile  on the downtrend that formed yesterday then you will see that there is one really significant area. This area is around  0.9645  and it is significant because  heavy volumes got traded there  – you can tell because  Volume Profile  is really wide there. What does this mean when you see it in a downtrend? It means that strong  Sellers were adding to their Shorts massively there. Then they pushed the price downwards some more. When there is a pullback into this area at some point in the future those  Sellers are likely to defend this place . They placed a lot of their Shorts there and this place is important for them. This is why it should work as a Resistance and the price should bounce off this