Trader Dale - Volume Profile Trading Blog

  Hello guys, I received a request for an article from a member of my  Trading Course  Brian. He was curious about  how I manage my time and tasks and how I get things done. Quite an unusual request and to be honest I hesitated a bit whether to do it or no. You see, I don’t have a qualification in this field, I am only a guy who tries his best to get things done. But still, I pay a lot of attention to things like time management, being effective, work/life balance etc… In the end, why not to share some of the tricks I implemented… I am not going to lecture you on what you should do or how you should manage your life. There are other “gurus” who do that. I am simply going to give you tips that I use and that work for me.  I would also like to ask you to  share your tips in the comments below . I am always eager to try new things. And I am pretty sure everybody who reads this has at least one trick he can share with others. Here are my tricks, in no particula...

  Hello guys, in today’s daily analysis I would like to show you a newly formed  Support on the main US stock index S&P 500. The S&P 500 is currently at its historical maximums. It has never been higher. As I mentioned in my  yesterday’s post , I am not into going Long at the top of an uptrend, praying the uptrend will continue.  What I prefer is to wait for the price to make a little pullback. Then I jump in. S&P 500: Price Action Analysis The recent development on the S&P 500 was a pretty long  rotation that lasted around two days. In today’s Asian session, the price finally broke out of that rotation and started to trend again – it went up. I am always interested when I see a rotation followed by a trend. Heavy volumes get usually accumulated in a rotation.   Big trading institutions  use the rotation to get into their trading positions.  When they are done with that they manipulate the price into a trend.  They manipulate ...

  Hello guys, in today’s day trading analysis I will focus on the current uptrend on the  CHF/JPY . When there is an uptrend, then I don’t fancy chasing the market, and entering longs when the price is at the highs of the trend. What I prefer is  wait for pullbacks . I wait until the price retraces down a bit, and then I enter my Longs. Look For Volume Clusters Retraces to where?  To places with significant volumes . I call those Volume Clusters. Whenever there is an uptrend I use my  Flexible Volume Profile  to see how the volumes were distributed inside that uptrend. Exactly like in this case. CHF/JPY; 30 Minute chart: When you use the  Volume Profile  like this, then it will nicely reveal those Volume Clusters – areas where  institutional  buying activity took place. On the CHF/JPY there are two areas that stand out and that I like. The first one is a  Volume Cluster around  118.54 , and the second one is a Volume Cluster ar...

  Hello guys, today’s analysis will be about a new day trading Support that has formed recently on  CAD/JPY . This one struck me at first sight, to be honest. It’s easily visible and hard to miss. Price Action Analysis The first two things to notice here is  a very long rotation on CAD/JPY . It lasted almost three full days.  Then, from this rotation, a strong uptrend started. This is the thing that struck me at first sight. Why? Because this is the first step to my  Volume Accumulation Setup  – a  Rotation followed by a trend.  Ideally, a long rotation followed by a strong trend. Like in here. The next step is to look at volumes. Usually, when there is a rotation heavy volumes get traded there. You can see that when you use my  Volume Profile tool . CAD/JPY; 30 Minute chart: As you can see in the picture above, there were massive volumes traded in this rotation.  This is where strong  institutional  Buyers were accumulating th...