Trader Dale - Volume Profile Trading Blog

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. Welcome to the Trade of the Week video, where I’ll show you my best trade of this week. So let’s get to it. What you see before you is the NinjaTrader 8 platform with my custom-made Volume Profile and VWAP indicators, and the chart is a daily chart of  USD/CAD . Today I want to show you a swing trade that I took on  USD/CAD , and that’s why we are looking at the daily chart, because the daily is where I do my swing trading. So this is the daily chart of  USD/CAD , and the trade I want to show you was a short from here. The level was  1.3924 , and it was a short. Let me now talk about the reasoning behind this trade. The main idea was that there...

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: Hey everyone, it’s Dale here. In this video, I want to show you three very common mistakes that I see all the time with Volume Profile traders. And honestly, I’m not surprised. These are the kind of details that almost no one talks about, but they make a huge difference. This will be especially useful if you already trade with Volume Profile and want to fine-tune what you are already doing. But even if you are newer to Volume Profile trading, this will help you avoid mistakes that cost traders a lot of money later on. So, let’s get to it. So, mistake number one is trading from the Point of Control instead of the edge of a heavy volume zone. Let me start by doing a little drawing here. Take a lo...

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: All right, everybody. Let’s take a look at my trade of the week here on day trading the S&P futures. So, heading into the day, just to kick off the background here and set up this trade, it took a little bit of analysis. You can see right here we are in a kind of a P-shaped weekly profile. We’ve got some D-shaped profiles up here, creating a little bit of a range on this Monday and Tuesday. Then here on Tuesday during the cash session, we broke above and failed a new all-time high, and rotated back down into the range, right back down to the value area high. During the overnight session, we kicked off some continuation selling from this failure, pushing us straight back down. So, on the ope...

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: A strong rejection, or a reversal, is when the price goes one way, then suddenly turns and aggressively goes the other way. Those are very important places to watch for on any chart. Every trader sees them, and many traders are trading them because they represent strong support and resistance zones  but not all of them. Sometimes it’s just a trap and it fails, and that’s why I’m shooting this video: to show you my four-point checklist, which you can use as well to tell whether a rejection is a strong one and you want to trade it, or whether it’s a trap and you should avoid it. So, let’s get to it. This is what I call a rejection. It is when the price goes one way very aggressively and then ...