Trader Dale - Volume Profile Trading Blog

  Hello guys, a nice day trading opportunity has formed recently on the  EUR/USD . Let’s check it out! Currently, the EUR/USD shot upwards aggressively. That’s a sign of strong and aggressive Buyers pushing the price up. I think those  Buyers were entering their Long trades in the tight rotation that formed in the early European session today. Volume Profile Analysis If you use my  Volume Profile indicator , you can nicely see those heavy volumes that got accumulated there. To me, it seems that  Buyers were building up their Longs there and then they pushed the price upwards. Now we know where strong  institutional  Buyers were active and which place is important for them. It’s the rotation because they were entering their Longs there. When there is a pullback at some point in the future, then I expect this area around  1.2230 will work as a strong Support. Why? Because this area is important for the Buyers who placed a lot of their Longs there. T...

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  Hello guys, in today’s intraday trading analysis I will focus on  AUD/JPY. There was a trend day yesterday and the AUD/JPY went down. Now there seems there may be a correction and the price is heading towards a pretty significant Resistance level. So let me talk about that. Before the strong selling yesterday, there was a rotation.  In that rotation heavy volumes got traded.  You can see it if you use my  Flexible Volume Profile . I think that in this volume area  strong Sellers were building up their Short positions. Then they pushed the price aggressively downwards. This tells us that this zone (around  84.78 ) should be  important for strong institutional Sellers . That’s why I think that if there is a pullback to this zone again, it will work as a Resistance. This Volume Profile setup I used is called the “ Volume Accumulation Setup “. AUD/JPY; 30-minute chart: Weekly Point Of Control What adds strength to this Resistance around 84.78 is tha...

  GOLD: Market Profile and Price Action Analysis Hello guys, yesterday we did a Swing trade analysis on USD/CAD. If you missed it then you can check it out here: USD/CAD: Volume Profile and Price Action Swing Analysis Today, I am also going to do a Swing trading analysis. This time on Gold! As I wrote in the yesterday’s post, I do my Swing trade analysis using mostly Daily time frame. Today, I also used 4-Hour time frame. What initially caught my eye on Gold was the newly formed uptrend that has been on Gold since the start of this month. Big trading institutions are clearly pushing the price of Gold upwards. GOLD: Volume Profile Analysis I used my Volume Profile ( MT4 Volume Profile ) to look into the current uptrend. The Profile showed a significant volume area around 1170 – 1790. Gold (XAUUSD); 4-Hour time frame: ...

  Hello guys, today’s post will be a  Swing trade analysis of USD/CAD. With Swing trades, I do my analysis mostly using  Daily charts .  This allows me to see the bigger picture.   I need the bigger picture to see what the  BIG trading institutions  do on the higher time frames. With Swing trades, I also use way  wider Take Profits and Stop Losses  than with day trading levels. What caught my eye on the USD/CAD was a strong downtrend that started in April and continues until now. USD/CAD: Volume Profile Analysis With a trend like this, I am always interested in how the volumes were distributed there – within the trend area. For this I use my  Flexible Volume Profile indicator . I simply drag it over the whole trend area – like in the picture below. USD/CAD; Daily chart: As you can see from the picture, there is a couple of “volume bumps” which I call the Volume Clusters. Those  Volume Clusters represent places where heavy volumes we...