Video Transcript:
Hello everyone! It’s Dale here with a new weekly trading ideas video. Just a quick note before we begin—if you’re thinking about getting one of my trading courses or indicators, now might be the right time. I’m currently running a special Halloween sale on my website, Trader-Dale.com. The sale will be ending very soon, in just a few days. If you go to the Trading Courses and Tools section, it will take you to the sale page. As you can see, the sale ends at the end of the month. It includes my best educational and indicator packs: the Volume Profile Pack, focusing on Volume Profile trading; the Order Flow Pack, teaching you everything about day trading with Order Flow; and the VWAP Pack, which focuses on both day trading and swing trading with VWAP. Apart from the courses, these packs also include my custom-made indicators. If you scroll down, you’ll find a really special deal—until the end of the month, you can get all three packs together for a massively discounted price of $597. That’s Volume Profile, Order Flow, and VWAP packs combined!
Now, let’s switch over to the charts and talk about the new trading ideas and key levels. This is the GBP/USD chart on the NinjaTrader 8 platform, with my custom-made Volume Profile and VWAP indicators. It’s a 30-minute timeframe, and I want to highlight two strong resistance levels—one at 1.3050 and the other at 1.3190. The resistance at 1.3050 is based on a sharp rejection of higher prices, where significant volumes were traded. It forms a volume cluster where sellers began to push the price downward. This area is important because sellers are likely to defend it. If there’s a pullback to this level, there’s a good chance sellers will push the price down again. Additionally, there’s a Fair Value Gap (highlighted in red) starting at this level, aligning perfectly with the heavy volume zone. This is one of the Smart Money concepts I like to combine with Volume Profile.
The resistance at 1.3190 is also key. If we move the Volume Profile over this trend area, we can see high volumes here. This suggests sellers were adding to their short positions, continuing the aggressive selling. This level aligns with a previous support level that turned into resistance. We also see a Fair Value Gap here, confirming the strength of this resistance. These three elements—Volume Profile, Fair Value Gap, and price action setup—combine to make it a solid trading opportunity. Now, we just need to wait for the price to reach this level.
Next, let’s move on to AUD/JPY. Here’s a 30-minute chart. Something interesting here is an opening gap that hasn’t been closed yet. Markets often like to close gaps and retest the volumes below them. Using the Volume Profile, we can see significant volumes below the gap. It’s likely the market will move downward to close the gap and react to this volume cluster, which is at 100.61. This is where I’ve placed the level. We’ll need to wait for the price to close the gap and react to the volume zone.
In previous trades on this pair, I took a long position from a heavy volume zone, followed by a strong trend. Another opportunity came from a pullback to a similar volume zone, where I took a short trade. These levels have already been tested, so I won’t trade them again, but the current gap level is still valid and worth waiting for.
Finally, let’s look at AUD/CHF on a 30-minute chart. I have two short levels marked, though one of the original three was missed. The price turned slightly before reaching this level, so I won’t be trading it anymore. However, the higher short level remains valid. This level aligns with a weekly point of control, showing where the most volume traded in the previous week. This second short level is based on heavy volumes formed during a rejection of higher prices. It aligns with another Fair Value Gap and suggests that sellers are active here. I expect sellers to defend this level if the price pulls back. By merging two weekly Volume Profiles, we see that this two-week point of control aligns perfectly with the heavy selling. This makes it a high-probability level for a short trade. I’ll be waiting for the price to reach this level and expect a reaction from the sellers.
Before wrapping up, I’d like to announce the winner of the previous contest! The prize was my custom-made Volume Profile and VWAP indicators for the TradingView platform. Congratulations to the winner—your name is displayed on the screen! For this week, I’m running another contest. To participate, just leave a comment below this video on YouTube. I’ll randomly select a winner next week to receive the same set of custom indicators.
Thank you for watching the video! I look forward to seeing you next time. Until then—happy trading!
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