Do you want ME to help YOU with your trading? Learn my proven Volume Profile & Order Flow trading strategies! Get my proprietary indicators and start making progress. We even set the indicators up for you so you can hit the ground running TODAY! Start Learning to Trade Now! Video Transcript: Hello everyone, it’s Dale here with new day trading analysis. What you see before you is the NinjaTrader 8 platform with my custom-made volume profile and VWAP indicators. This is an AUD/JPY 30-minute chart, and I’d like to talk about this support here. It is at 106.2 and is based on a weekly point of control, which is in here. Let me draw the flexible volume profile over this area so it’s better visible. If I stretch it like this, then the heaviest volumes throughout this current week are at this price level, exactly where this support level is. What happened here was that heavy volumes were traded in this rotation, and then the price went upwards from there, which means...
I am a professional trader with 10+ years of trading experience. I trade using Volume Profile which is a tool that shows you where institutions accumulate their positions and what their intentions are.