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: All right, good morning. So, this is David from Trader Dale, and today I’m going to talk about a concept that we use here for our trading. It’s not a specific trade idea. It’s just something that traders have been using for decades to mark out the first hour of trading, called the Initial Balance. Okay? And what the Initial Balance does is it marks out the high and the low of the first hour of trading, from 9:30 a.m. to 10:30 a.m. Okay. Now, why do we use this? We use this because the biggest volume hour of the day is always going to be the first hour. And that first hour, a lot of times, will set the tone for the rest of the day. Okay? And the highs and the lows that it makes in that first hou...

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: Congratulations. Since you are watching a video about volume, you are already on the right track. But not all volume tools show the same thing. In this video, I compare Volume Profile, Market Profile, and regular volume indicators so you know what each one tells you and which one makes the most sense to use in your trading. Here is a comparison of the Volume Up/Down indicator versus the Volume Profile indicator. The Volume Profile shows volumes at price, and the Volume Up/Down indicator shows at what time heavy volumes were traded. So, it is not volume at price, as on the Volume Profile, but volume at time. As you can see, it shows, for example, here, here, or here, in which candle the volumes ...

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. In this video, I want to talk about the strongest Volume Profile levels to trade this week. We’ll take a look at  EUR/USD, GBP/USD,  and also  USD/CAD . So, let’s get to it. Let’s start with EUR/USD. What you see before you is a 30-minute chart of  EUR/USD  on the NinjaTrader 8 platform. And what I want to show you here is a support level at  1.1696 . The reasoning behind this support well, actually, there are a couple of reasons behind this support. The first reason is, as always, volumes. If you take a look at this area where the price was steeply going upwards, then you can notice that there is this significant volume cluster. I wo...

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: Where is price going next? Up or down? In this video, I’ll show you how to predict where price is most likely heading using nothing but price action. No indicators, no lagging tools, just reading what buyers and sellers are actually doing inside the chart. And once you see it, you won’t be able to unsee it. But first, quick test. Let’s see if you can already spot it. So, take a look at this chart, and I want you to tell me whether the price is going to go up or down. Take your best guess. Now, here I made a little drawing for you to highlight the most important areas on the chart and also the areas where we see significant sellers. We see them here, and we see them here. We have a bearish  ...