Video Transcript: Hey guys, it’s Dale here. In this video, I’d like to quickly show you how you can use Volume Profile and Cumulative Delta together for a very effective trade setup. I’ll demonstrate this using a trade I recently had on the USD/CAD . What you see before you is the Canadian Dollar futures (6C) 30-minute chart. If you look at the Volume Profile, I have a cumulative Volume Profile that shows how volumes are distributed throughout the entire week. This is a weekly Volume Profile. The most important area in any Volume Profile is the Point of Control—this is the level where the heaviest volumes were traded. In this case, the Point of Control is here, within this heavy volume zone, which caught my attention. The blue line you see here represents a resistance level I wanted to trade from. It’s located at the beginning of the heavy volume zone where the Point of Control was formed. Once you identify this, you want to look for a pullback; that means waiting for the price to ret
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 day trading analysis. Today, I’d like to talk about the USD/CAD . What you see before you is the NinjaTrader 8 platform with my custom Volume Profile and VWAP indicators. This is a USD/CAD 30-minute chart. There are a couple of levels here that I’d like to discuss. Let me first start with the short levels. The first short level is at 1.4070 . If you look at how the volumes were distributed throughout this week, you can see it on the cumulative profile—this is the Weekly Volume Profile. The Weekly Volume Profile shows that the Weekly Point of Control (POC) was right here. This means that the heaviest volumes for the week were traded at this level, an