Trader Dale - Volume Profile Trading Blog

  Trade Summary: 1. I identified a strong Support using  Volume Profile  and  VWAP  Trading setups. 2.  When the price was near that Support I opened the Order Flow chart and I wanted to see some confirmation.  Confirmation which would tell me that the  BIG guys  are also trading this. 3. After the price hit the Support,  huge volumes appeared on Bid.  Those were most likely  Buyers who entered Long trades with Limit orders. *I was talking about this trade entry confirmation in an Order Flow webinar I had recently. You can watch the recording here: ORDER FLOW: Trading Setups (WEBINAR RECORDING) 4. I placed my  Take Profit  in a place where heavy volumes showed before. Heavy volume zones often work as Support/Resistance zones.  Staying in a Long trade when it hits a volume-based Resistance would be risky. I hope you guys liked the video, let me know what you think in the comments below! Have a GREAT weekend -Dale ...

Hello guys, today I am going to talk about  my favorite combo of two trading setups.  The first setup is based on  Volume Profile  and the other one on  Price Actio n. What I want to see is these two setups align and both point to the same trading level. This is exactly what has occurred on  CAD/JPY  now. Let me start with the  Volume Profile setup  first. Volume Profile: Trend Setup There is currently a strong uptrend on CAD/JPY. When there is a trend, then  I want to know how the volumes were distributed within the trend. For this, I use my  Flexible Volume Profile indicator . In the picture below, you can see that I stretched it over the whole trend area. What I look for are significant volume areas (I call them “ Volume Clusters “). Those are bumps on the profile. Those bumps represent places where heavy volumes got traded. When there is an uptrend, then I assume that those volumes are in important places for strong Buyers. Thos...

  Hello guys, in today’s analysis, I would like to talk about a trade I had yesterday on  USD/JPY (futures symbol: 6J 03-21). This trade was particularly interesting because this trading opportunity would be  COMPLETELY HIDDEN from everyone who does not use  Volume Profile  or  Order Flow . Let me start from the beginning… There was a day trading support on JPY Futures (6J 03-21) around  0.0094935 . I was talking about my intention of trading this in my  Members area  in my Daily Levels Commentary video. This trading level was based on a Volume Profile setup called the “ Trend Setup “. Volume Profile – Trend Setup The main idea behind this setup was that the price was going upwards and that there were heavy volumes  (Volume Cluster) created within this up-move. Such a Volume Cluster indicates that  Buyers were adding to their Long positions there. To trade this setup, you simply  wait for a pullback and go Long from this area. ...

  Hello guys, today’s day trading analysis will be on  CHF/JPY. There has been quite interesting development recently and a new Resistance got formed. Let’s first start with Volume Profile analysis. Volume Profile Analysis There was a  rotation on CHF/JPY  which started yesterday in the US session and continued into today’s Asian session. From this rotation, a strong sell-off started. If you use my  Flexible Volume Profile  to look into the rotation area, you can see that massive volumes got traded there.  The heaviest volumes were traded at 117.24. This is where I think  strong Sellers were building up their short positions. Why do I think it was Sellers? Because  from this heavy volume zone, a new sell-off started.  It seems that Sellers were building up their short positions in that rotation and then they pushed the price downwards aggressively. So, now we know, that there were  strong Sellers around 117.24.   This zone is i...