Trader Dale - Volume Profile Trading Blog

Do you want ME to help YOU with your trading? Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY! Start Learning to Trade Now! Video Transcript: Hello everyone, it’s Dale here with a new Trade of the Week video. Today I’d like to talk about a trade I took last week on  USD/CAD . I want to show you this trade specifically because it demonstrates that it’s not only important to have a good trade entry, but also to have the right take-profit. This can mean the difference between a winner and a loser. So let’s check out the chart and the trade. What you see before you is a 30-minute chart of  USD/CAD . The level I was trading last week was a short from here. This was the resistance line, and the reason behind this level was the heavy volume zone that was followed by strong selling activity. This heavy volume zone represented a plac...

Do you want ME to help YOU with your trading? Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY! Start Learning to Trade Now! Video Transcript: Hello everyone, it’s Dale here with a new weekly trading ideas video. Today we are going to cover three trading pairs and three trading ideas. We’ll cover GBP/USD, then AUD/USD, and then USD/CAD. Let’s start with GBP/USD. What you see before you is the NinjaTrader 8 platform with my custom-made Volume Profile and VWAP indicators. This is a 30-minute chart of GBP/USD. What I want to talk about is a newly formed support that appeared earlier today. The support is here at 1.3410. Let me now tell you why I think this is a strong support. If you first take a look here, this is Friday, and right here was the high of Friday. That’s an interesting point to trade from. But that’s not all. If you use the...

Do you want ME to help YOU with your trading? Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY! Start Learning to Trade Now! Video Transcript: In this video, I’m going to talk about how to use higher timeframe charts to first identify the important arrays. It could be an order block, an inversion, a  fair value gap , a breaker block, and so on. Based on that, you can either form a bullish or bearish bias or stay neutral until the price shows you something based on the important PDAs you’ve identified on the charts. This is a weekly  NQ  chart. Needless to say, it’s an extremely bullish-looking chart. If you look at these two down-close candles, this is nothing but a bullish order block. The overall takeaway from this chart is that the trend is obviously extremely bullish. Now let’s get to the daily chart. If you look at ...

Do you want ME to help YOU with your trading? Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY! Start Learning to Trade Now! Video Transcript: All right, let’s take a look at the ES and recap the day. We had a bearish retrace on the day. It was actually an inside day, but given yesterday’s pretty deep bullish expansion, we had a pretty deep bearish retracement. That was technically an inside day, just below the lows of yesterday and a tick or two below the highs of yesterday. So let’s dig into the day. Going through the volume profile, there are a couple of key points to note. I mentioned this in the morning session: we had this big high-volume node right here. The assessment was whether we were going to break above it, hold, and expand further on the day, or break down from it and move lower to fill in the thinner prints. It was real...

  Do you want ME to help YOU with your trading? Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY! Start Learning to Trade Now! Video Transcript: Hello everyone, it’s Dale here with a new video from the recent trade series. In this series, I always walk through a trade that I took last week and show you everything about it, which means the trade entry, the reasoning behind the trade entry, the reasoning behind the stop-loss, the take-profit placement, and how the trade went from start to finish. This way you can see the reality of trading and the way I trade. So let’s get to it. What you see before you is the NinjaTrader 8 platform, and the chart is  USD/CAD , a 30-minute chart. This is my favorite chart for intraday trading analysis. The level that I want to talk about was a short trade. It was resistance in here. Let me firs...