Video Transcript: Hello, everyone. It’s Dale here. Today, I’d like to show you a trade that I recently took on the AUD/USD . I wanted to highlight this trade in particular because it was based on a 3-week point of control, which means the heaviest volumes in the last three weeks—an interesting level to trade from. Additionally, this trade was interesting because something really cool happened on the order flow. So, let’s now check out the charts, shall we? What you see before you is the AUD/USD 30-minute chart, and the trade I took was this one—this short. Now, let me show you the reasoning behind the level. As I was saying, it was based on a point of control, but it was not just any daily point of control; it was the point of control from the last three weeks, which is a very strong level. Let me show you: this whole area was a zone where massive volumes were traded. Right here was the point of control, as you can see. The level is just a little bit below the point of...
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.