Skip to main content

Q/A – Swing Trading with Volume Profile Webinar

Q/A – Swing Trading with Volume Profile Webinar

A few days back we ran a webinar with NinjaTrader called Swing Trading With Volume Profile. The duration of the webinar was limited, so I didn’t have time for a Q/E section, but we did receive many really good questions posted in the chat, and later in my email. I decided to answer the most interesting ones here publicly, so you can also benefit and more importantly learn from them. Here we go!
Q: I’m wondering what more I will gain from your Forex Course that I haven’t learned from your book?
The main advantage of the course is that you see how I apply my trading methods on real markets in current trading conditions every day. The application is very important and this is how you can really accelerate your learning process.
Q: Do you trade reversing in the Swing trade or just intraday?
I do reversals only for intraday but it is not a bad idea to try them on swings too. However, before doing so, there must be some research on the levels and how reversals perform on swings.

Q: Are Flexible & Fixed Volume Profile one product or two?
Flexible Volume Profile and Fixed Volume Profile are two products but they are both part of Volume Profile Pack.
There is a free 5-day trial. Just download and install the pack, and it will run 5 days for free.
You can download installer and instructions here: Volume Profile Pack installer

Q: I would like to understand the differences between the two (Flexible and Fixed Volume Profile)..  and mostly will it improve my trading?
Best way to demonstrate the differences would be if you watched those two videos:
Every market is controlled and manipulated by big financial institutions. Volume Profile helps you to track actions of those institutions. I think it is absolutely essential to know what they are doing because they are the main force in the markets. In fact, I don’t really think anybody can be profitable without knowing what those institutions are up to.

Q: How do I access the free trial of the Volume Profile indicator? I have navigated to the Volume Profile page but haven’t seen the free trial.
Just download it and install it. That’s it. No need for any authorization or anything like it. It will work for 5 days from the moment you have installed it.
Also please read the instructions to learn how to use the profile and how to adjust your settings for the best performance.
Instructions are here: Volume Profile Pack – Quick guide

Q: I don’t know much about NinjaTrader. Can I use the NinjaTrader for free chart analysis lifetime or do I need to buy any subscription later?
NT is a free charting platform. No need to purchase it (or data). All is for free. Also you can use it for charting only and then you can trade with your current broker.
There is an article with info and links which you may find useful here:
Ninja Trader 8 – Tips, Links

Q: If I buy only Forex course and buy MT4 indicator will I be then able to apply your techniques properly in Forex?
Yes, you will. My advice would be to get the Webinar Special Sale because this way you get the NinjaTrader 8 Volume Profile pack, which is way more advanced than the MT4 Volume Profile indicator.
Q: I usually trade with Price Action, will this hamper my trading techniques?
Volume Profile is a great addition to Price Action. I show this in detail in my book:
VOLUME PROFILE: The Insider’s Guide To Trading

Q: How would I scan for applicable setups? You can theoretically review all of the major forex pairs daily, but that would not be possible for stocks.
I would pick only a few stocks so you aren’t too overwhelmed. Pick big company stocks you feel comfortable with. Or, you can trade stock indices. Those work really well with Volume Profile!

Q: Do you think Value area is not useful? Because it seems like you don’t use it and even your indicator doesn’t include the function.

I have never really found it useful. That’s why it is not a part of my indicator.

Q: Do you have to have NT’s Order Flow package for your VP indicator(s) to work?
No, you don’t need to buy NT package. Just get their NT platform (for free) and use my Volume Profile Pack with it.
In the end, I would really like to thank you for the kind and positive feedback and messages I received after the webinar. Thanks so much, guys, it means a lot to me!
Happy trading,
-Dale
P.S. Here is the recording of the webinar in case you missed it:

Comments

Post a Comment

Popular posts from this blog

5 Character Traits of a Successful Trader – Tips & Tricks of the Pros!

 Maybe you are interested in trading, and you have taken the first step by researching on forex trading. You might also be currently trading but going through a tough time with your results in the markets and dealing with the recurrent autosuggestion, telling you how this journey might not be for you or you are not capable of achieving successes in this journey. It is essential to know that you are not alone in this feeling, and before you fall into the rabbit hole of depression, feeling like a failure in yet another skill you have chosen. Let me make it clear; the answer is YES, anyone can achieve success in trading , including you. It would only cost you a few character trait adjustments. Before we delve in, it is vital to point out that success i...
8 comments
Read more

How To Trade The Point Of Control (POC)

DEFINITION: Point Of Control (= POC) is a price level at which the heaviest volumes were traded. The most important thing that the Volume Profile indicator shows is the POC. I dare say that if you used Volume Profile only for the purpose of identifying the POC, you would be a way better and trader then 99% of the retail traders. No matter what trading strategy you trade. Why do I say this? Why is POC so important? Point Of Control is so important because it shows the place where the most trading took place – where the biggest trading positions were accumulated. POC shows the BIG guys! Who accumulates those huge trading positions? The BIG guys – that’s the big financial institutions like hedge funds, pension funds, huge banks, etc… It is those BIG guys who move and manipulate the markets. It would be a huge advantage to know where they placed most of their positions, right? The good news is th...
Post a Comment
Read more

Beginners Guide to Order Flow PART 1: What Is Order Flow?

DEFINITION: Order Flow is an advanced charting software which enables you to read all trading orders that are processed in the market. It helps to track the BIG financial institutions through the trades they make. Most people get confused when they open up a chart with Order Flow for the first time. There is no shame in that. Order Flow shows so many information and it is easy to get overwhelmed and confused if you don’t know what to look for! This Beginners Guide will teach you how to understand how Order Flow works and how you can use it in your trading! In this 1st part of the Order Flow Guide I will show you around the Order Flow interface. Footprints The Order Flow does not show standard candles, but it shows FOOTPRINTS . A footprint shows not only Open, High, Low, Close (as standard candles) but it also shows orders traded in that candle. Orders can be...
Post a Comment
Read more