Trader Dale - Volume Profile Trading Blog

  Hello guys, I received a request for an article from a member of my  Trading Course  Brian. He was curious about  how I manage my time and tasks and how I get things done. Quite an unusual request and to be honest I hesitated a bit whether to do it or no. You see, I don’t have a qualification in this field, I am only a guy who tries his best to get things done. But still, I pay a lot of attention to things like time management, being effective, work/life balance etc… In the end, why not to share some of the tricks I implemented… I am not going to lecture you on what you should do or how you should manage your life. There are other “gurus” who do that. I am simply going to give you tips that I use and that work for me.  I would also like to ask you to  share your tips in the comments below . I am always eager to try new things. And I am pretty sure everybody who reads this has at least one trick he can share with others. Here are my tricks, in no particular order: Tip #1: Time Investi

  Hello guys, in today’s daily analysis I would like to show you a newly formed  Support on the main US stock index S&P 500. The S&P 500 is currently at its historical maximums. It has never been higher. As I mentioned in my  yesterday’s post , I am not into going Long at the top of an uptrend, praying the uptrend will continue.  What I prefer is to wait for the price to make a little pullback. Then I jump in. S&P 500: Price Action Analysis The recent development on the S&P 500 was a pretty long  rotation that lasted around two days. In today’s Asian session, the price finally broke out of that rotation and started to trend again – it went up. I am always interested when I see a rotation followed by a trend. Heavy volumes get usually accumulated in a rotation.   Big trading institutions  use the rotation to get into their trading positions.  When they are done with that they manipulate the price into a trend.  They manipulate the price using  aggressive Market Orders .

  Hello guys, in today’s day trading analysis I will focus on the current uptrend on the  CHF/JPY . When there is an uptrend, then I don’t fancy chasing the market, and entering longs when the price is at the highs of the trend. What I prefer is  wait for pullbacks . I wait until the price retraces down a bit, and then I enter my Longs. Look For Volume Clusters Retraces to where?  To places with significant volumes . I call those Volume Clusters. Whenever there is an uptrend I use my  Flexible Volume Profile  to see how the volumes were distributed inside that uptrend. Exactly like in this case. CHF/JPY; 30 Minute chart: When you use the  Volume Profile  like this, then it will nicely reveal those Volume Clusters – areas where  institutional  buying activity took place. On the CHF/JPY there are two areas that stand out and that I like. The first one is a  Volume Cluster around  118.54 , and the second one is a Volume Cluster around  118.26 . In both those places heavy volumes got trade

  Hello guys, today’s analysis will be about a new day trading Support that has formed recently on  CAD/JPY . This one struck me at first sight, to be honest. It’s easily visible and hard to miss. Price Action Analysis The first two things to notice here is  a very long rotation on CAD/JPY . It lasted almost three full days.  Then, from this rotation, a strong uptrend started. This is the thing that struck me at first sight. Why? Because this is the first step to my  Volume Accumulation Setup  – a  Rotation followed by a trend.  Ideally, a long rotation followed by a strong trend. Like in here. The next step is to look at volumes. Usually, when there is a rotation heavy volumes get traded there. You can see that when you use my  Volume Profile tool . CAD/JPY; 30 Minute chart: As you can see in the picture above, there were massive volumes traded in this rotation.  This is where strong  institutional  Buyers were accumulating their Long positions.  Slowly, and unnoticed. Then they pushe