Trader Dale - Volume Profile Trading Blog

  Trading setups used in this video: Volume Profile Setups : “Trend Setup” and “Volume Accumulation Setup” VWAP Setups : “VWAP Rotation Setup” Price Action Setup : “Resistance becoming a Support Setup” I hope you guys liked my analysis! Let me know what you think in the comments below! Happy trading, -Dale

  Hello guys, today, I will have a closer look at the  EUR/GBP . What caught my eye at first was  a strong selling activity yesterday  (that huge red candle you can see in the picture below). Such a strong and rapid sell-off is  a sign of aggressive sellers. Those sellers were most likely building up their Short positions in the rotation that took place before the sell-off. You can see those volumes nicely with my  Flexible Volume Profile indicator . EUR/GBP; 30 Minute chart: Those heavy volumes that were accumulated before the sell-off are quite important and I think those were the  BIG institutional traders  getting ready before manipulating the price downwards. When the price makes a pullback into this area again (starting around 0.8546) then  those BIG guys will want to defend this zone and push the price downwards again. This is what should make this zone a strong Resistance. A Two-Week POC Another nice addition to this Resistance is tha...

  Hello guys, in today’s day trading analysis, I would like to have a look at the  NZD/USD . There hasn’t been too much important action on the NZD/USD in the last couple of days, as it was only rotating sideways. But before that, there was a strong buying activity –  a strong uptrend last Wednesday. This uptrend area hasn’t been tested yet (the price did not make a full pullback there) and there is one nice Support I wanted to share with you. Volume Profile Analysis I used my  Flexible Volume Profile  to look in the trend area that formed last Wednesday. It showed that there were  two significant volume areas. 1st Volume Cluster (0.6950) The first one was around 0.6950. However, the price has already made a pullback to this volume area and made a reaction to it. This makes that Support “tested” and spent. This means that I don’t consider it a Support anymore and I won’t be trading it. NZD/USD; 30 Minute chart: 2nd Volume Cluster (0.6928) The second Volume ...

  *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!

Hello guys, in today’s day trading analysis I will have a closer look at the  CAD/JPY . What initially caught my eye there was a newly formed uptrend –  a strong buying activity yesterday. Then I checked the  Volume Profile  and I saw that this  strong trend activity started from the Weekly POC  ( Point Of Control ). BINGO! Let me now elaborate a bit… A Weekly POC is a place where the heaviest volumes were accumulated throughout the whole week. It is very often the most important place in the chart – at least if you are a day trader. Big trading institutions  are slowly building up their huge trading positions in places like this. The massive volumes we see there are most likely theirs (a big part of it is theirs to be precise). After they have accumulated their positions, they manipulated the price to go into a trend.  Like in here. There is an uptrend, and that means that the BIG guys were entering Longs! CAD/JPY; 60 Minute chart: Wait For A Pul...

  Hello guys, today’s day trading analysis will be on the  AUD/JPY . There was a pretty strong downtrend a couple of days ago on the AUD/JPY. This is something I am always interested about because a trend usually means that the big guys ( big trading institutions ) are moving and manipulating the market. I am always interested the most in  how the volumes were distributed within the trend, because volumes = the BIG guys. What I do is I use my  Flexible Volume Profile  to look into the trend and I look for significant  Volume Clusters. Look for Volume Clusters Volume Clusters are the little bumps on the profile.  They show where heavy volumes were traded  – and thus the activity of the BIG guys. Right now, there is  a significant Volume Cluster around 81.10. I think that the BIG institutions who were driving this downtrend were adding to their Short positions there. This zone is now important for them, because they placed their trades there. T...

  Hello guys, today, I will do an intraday trading analysis of the  EUR/GBP . There was a pretty interesting development yesterday. There was a  rotation, and then a strong buying activity  (uptrend). This tells me that: There were strong  Buyers building up their Long positions  in the rotation area Then those Buyers  pushed the price aggressively upwards  (that’s the uptrend). I used my  Flexible Volume Profile  to look into this area to see how the volumes were distributed there. As you can see from the picture below, there were  heavy volumes accumulated in the rotation area.  Those are the strong Buyers who were building up their Longs there. EUR/GBP; 30 Minute chart: When the price makes it back into this heavy volume area again, then it should work as a strong Support. The reason being is that the  BIG institutions  who were building up their Longs there will want to  defend this zone.  This zone is i...