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 a very powerful Order Flow concept called the failed auction. The failed auction can tell you if the current trend is likely going to continue or not. It can also tell you where the price is likely to go next, so let’s take a look at it. The concept I’d like to share with you is the failed auction, also called unfinished business. My software draws the failed auction lines automatically, like this red line, this red line, and this red line. What the failed auction is all about is that every footprint needs to have its high or low formed in a certain way. If you look, for example, at this footprint, then the high needs to look like ...
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.