Trader Dale - Volume Profile Trading Blog

All eyes on GOLD! Why is that? Because Gold is at its all-time highs ! This is really an important event happening right now. Gold has attracted many people because of its recent rapid growth – investors and also people who have never invested before. I think this situation could be potentially very dangerous for both of those groups. In this article, I would like to present some of the facts and also my opinions regarding Gold. $2.000 – Psychological level First, I would like to have a look at technical analysis and start with a simple Price Action . In my opinion, Gold has entered a critical area now. It has almost hit the $2.000 mark. This could work as a strong resistance based on a psychological standpoint. The last time when price was around a similar level was in 2008 and 2014 when the price reacted to $1.000 mark. Check it out in the Monthly Gold chart below: ...

*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!                                     Click the button below to get more information: Trading Course TAGS:  weekly ideas

Dear traders, I decided to dedicate this article to all of you who are still  struggling with reaching consistency in profitability.  There are many of you asking me things like: ”which is the best place for stop loss for this trade”, ”what’s an ideal take profit target for that trade”, ”what do you think of this example”, etc… There is one critical thing you need to understand, stay with me. Tom’s story Let’s start with an example: Tom started trading forex 2 years ago. He listened to numerous podcasts, watched tons of free YouTube trading videos, even bought a few different courses from people who seemed to know what they were doing. He jumped from indicator to an indicator, strategy to strategy, majors to crosses, scalping to swing trading… But he never actually reached any consistency in profits. Now, after 2 long years, Tom is wondering why? What is he doing wrong? Is there something really important he has been missing all the time? The answer...

Today, I will do an  intraday analysis of CAD/JPY . There are quite a lot of interesting things to point out here! There was a strong  trend movement on CAD/JPY  yesterday. If you are reading my  Market Commentary articles  from time to time, then you know that I like to look for significant “volume clusters” within such trends. Trend analysis with Volume Profile What I do is that I use my  Flexible Volume Profile  and I stretch it over the whole trend area. Then I  look for places with heavy volumes within the trend  (= volume clusters). In this case, there was a strong volume cluster created around the middle of the trend movement. A volume cluster in an uptrend tells us, that the buyers who were pushing the price upwards into the trend were  adding to their long positions there  – at the volume cluster. How does this information help us? It helps us because when the price makes it back into this volume cluste...

In my yesterday’s analysis, I talked about combining Volume Profile (the Trend Setup ) with Price Action ( Support→Resistance Setup ) to create a powerful two setup combo. If you missed it then you can read it here: Volume Profile & Price Action Setup Combo Today, I will show you a very similar example, because practice makes perfect. This one is on my favorite trading instrument EUR/USD. Volume Accumulation Setup There was a very nice and tight price rotation yesterday. From that rotation, a strong buying activity started. This buying activity resulted in an aggressive 100 pip movement. This strong up move indicates that there was some serious buying going on inside that rotation. Buyers were entering long positions there slowly and without being noticed. After they had entered their longs, they started pushing the price upwards – which snowballed and resulted in a strong ...