Trader Dale - Volume Profile Trading Blog

I received an email from a member of my Volume Profile Training Course yesterday. He was asking about my opinion on a resistance he found using Volume Profile . I really liked his level so I decided I will publish it here for you and say a few words about it. So, this level is an intraday resistance on GBP/JPY which he found on a 30 Minute chart using the Flexible Volume Profile tool. Reasoning behind the resistance On Thursday and Friday, there was a tight price rotation. Then, from this rotation, a strong sell-off started. When you look into the rotation using Volume Profile, you will see that there were massive volumes accumulated there. Those volumes were most likely positions of strong institutional sellers who were entering their short trades there. Why do I think it was sellers? Because of the sell-off that followed the volume accumulation.   So, ...

Day Trading Market Analysis with Volume Profile – Weekly Trading Ideas 29.6.2020 *Disclaimer: Presented opinions, trades and trading ideas on the markets and charts is not advice nor a trading recommendation. It is general information and it is for educational purposes only. If you would like to learn to trade with Volume Profile and to trade with me every day, then join my Trading Course!

Today, I would like to do a swing trading analysis using just Volume Profile and Price Action. What got my attention this time was Gold . Its price has been rising and it hasn’t been this high for 7-8 years! As the price is moving upwards there are zones where the Volume Profile shows heavy volumes . Those are most likely areas, where buyers were adding to their long positions. They are around 1755.00 and 1728.00. Two factors which drive the price up from volume-based supports Those heavy volume zones should work as Supports. Why? Because the buyers who were building up their positions in those zones won’t want the price to drop below those zones. That would mean their positions would be in red numbers! So, when the price reaches those volume zones, then the buyers will want to defend those zones. They will start aggressive buying in order to drive the price upwards again. There is also a second factor at play . When there is a pul...

There was an unexpected announcement made in today’s Asian session. It was said that the trade deal between US and China would be terminated. Price Action This news caused some pretty wild movement all over the markets. One of the most active currency futures in the Asian session is the 6A (AUD/USD futures) so let’s have a look at what happened there! If you look at the price action chart below, you can see that there was a 70 pip spike. Unfortunately, this is all what the price chart can tell us. It can’t predict the turning point of this spike (it’s low). So, if you are trading in a situation like this, then simple price action won’t really help you. Order Flow analysis What can help you however, is the Order Flow ! If you look at the pic...

*Disclaimer: Presented opinions, trades and trading ideas on the markets and charts is not advice nor a trading recommendation. It is general information and it is for educational purposes only. If you would like to learn to trade with Volume Profile and to trade with me every day, then join my Trading Course!

This article is the last part of a four-part Beginners Guide to Order Flow. Here are links to all parts: Beginners Guide to Order Flow PART 1: What Is Order Flow? Beginners Guide to Order Flow PART 2: Special Features Beginners Guide To Order Flow PART 3: Trading Strategies Beginners Guide To Order Flow PART 4: Platform, Data, Instruments In this last part of the Beginners Guide to Order Flow series I will show you how to get the trading platform running, how to get high quality data and what trading instruments are best to trade with Order Flow. PLATFORM & DATA Order Flow relies on good data. The best you can do is use Futures data in your analysis. The reason is that Futures is centralized (opposed to Forex which is decentralized). Centralized data means that ...

This article is a part of a four-part Beginners Guide to Order Flow. Here are links to all parts: Beginners Guide to Order Flow PART 1: What Is Order Flow? Beginners Guide to Order Flow PART 2: Special Features Beginners Guide To Order Flow PART 3: Trading Strategies Coming up soon… In this article, I will show you some Order Flow trading strategies . First, we will break down two strategies that are based solely on Order Flow . Next, I will show you how to use Order Flow to confirm and improve your trade entries. Trading Strategy #1: Volume Clusters This strategy is based on trading significant areas of heavy volume. These volume areas are places where the BIG guys (institutions) and their trading algorithms placed/filled a large portion of their orders. The exact steps to follow are: Set your Order Flow software to show Volumes (not Bid x Ask...

*Disclaimer: Presented opinions, trades and trading ideas on the markets and charts is not advice nor a trading recommendation. It is general information and it is for educational purposes only. https://www.youtube.com/watch?v=s3YexmswAZI If you would like to learn to trade with Volume Profile and to trade with me every day, then join my Trading Course!