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: There is one very common problem that hurts many traders, even those who have a good strategy. The problem is that there is a hidden risk caused by correlated trades. You may think that you are taking several different trades, but in reality, you may be making the same bet several times. Then, if the market moves against you, all those trades can lose together and damage your equity very, very quickly. The worst part is that many traders do not even realize that this is happening. So, in this video, I will show you how correlation works, how to spot it, and how to reduce your risk when several correlated trades appear at the same time. Let’s get to it. There is something called positive correla...

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, and in this video, I’d like to show you the strongest Volume Profile levels to trade this week. Before we jump into all this, I’d like to invite you to a live webinar that I’ll be hosting this Thursday, the 23rd, in cooperation with NinjaTrader. The webinar is going to be about Volume Profile and Order Flow trading. You can reserve your seat for this free webinar by clicking the link below this video on YouTube. Reserve your seat and enjoy the webinar. I’ll be looking forward to seeing you there. Now, let’s get to the charts and check out AUD/USD . What you see before you is a 30-minute chart of AUD/USD, and here I want to talk about support at 0.6947 . This is t...

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, good morning. This is David from Trader Dale, and today we’re going to go over an extension trade using the Initial Balance, which we really like to use here at Trader Dale. For those of you who don’t know what the Initial Balance is, the Initial Balance is basically created by taking the first hour of the New York trading session, from 9:30 to 10:30, and marking out the high, the low, and the midpoint. That’s it. As you can see, I have a tool that does that for me. It marks the high in green and the low in red, and it tints that area so I can go back and look at it. It gives me a good visual. What we are looking for with the Initial Balance is an extension and acceptance of price ab...

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: High-volume nodes are some of the most important levels Order Flow can show you. When two or more form next to each other, they create a strong trading zone and a great opportunity for trading pullbacks. The bonus is that this strategy also works on forex because you don’t need bid and ask data to use it. Now, let me show you how it works. A high-volume node is basically the node shown in brackets, which means that it has the heaviest volume within the whole footprint. As you can see, every footprint in this image has one high-volume node, and that high-volume node is the most important level within each footprint. Now, if you have two of those next to each other, like here and here, my softwar...