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 ...