Trader Dale - Volume Profile Trading Blog

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Classic Trading Books – Review Recently, I’ve got many of you asking me about  recommendations on trading books . That’s why I decided to dedicate this article to you. Here are a  few great books  that left a considerable  impact on me as a trader throughout the years . I will also be talking about  how I implemented their ideas and principles into  my own trading . I hope you’ll enjoy it. ”One Good Trade” by Mike Bellafiore About the book Its full name: ” One Good Trade – Inside the Highly Competitive World of Proprietary Trading ” refers to the insight into a real-life proprietary firm named ” SMB Capital ”.  In this book, you will get an opportunity to hear about the successes and failures of a variety of different traders who took their chances of  trading with institutional money . It’s written in the first-person point of view by its co-founder  Mike Bellafiore . ...

Hello guys, today I will comment on a really  fresh resistance that has just formed. This resistance is an intraday trading resistance on  EUR/AUD  and you can best see it on a  30 Minute and 60 Minute time frame. Let’s start from the beginning – I will go through the process of my thoughts which I had when I opened the EUR/AUD chart today. The first thing that immediately caught my attention was the  nice rotation  that started before yesterday’s market close and ended in today’s EU session (I marked this rotation in the red rectangle). This rotation was followed by a strong selling activity.  In fact, the selling activity is taking place right now, as I am writing this. It is still very fresh. Volume Accumulation Setup A rotation like this followed by a sell-off is my favorite trading setup called the  Volume Accumulation Setup . The logic behind this is that  sellers were accumulating their short positions in...