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 a new weekly trading ideas video. What you see before you is the NinjaTrader 8 platform with my custom-made Volume Profile and VWAP indicators. The chart is EUR/USD on a 30-minute timeframe. In this video, I want to talk about a resistance level formed at 1.0349 . If you look at this downtrend zone and use the Volume Profile to analyze the volumes within the zone, it reveals a significant volume cluster here. This volume cluster is the main reason for this resistance, as it indicates that sellers were active in this area, adding to their short positions as the price was dropping during the downtrend. This makes it an important area for seller...
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.