Trader Dale - Volume Profile Trading Blog

Trading Volume Clusters on ES (S&P 500 Futures) Quite a lot of people like trading indices using the Volume Profile tool. In my experience, the Volume Profile works fantastic with indices. In fact, I am also planning to add ES (SP 500 futures) to the levels which I publish daily for members of my Trading course . So, today, I would like to have a closer look at the ES and show you my intraday trade analysis using Volume Profile there. Let’s look for some Volume Clusters! There was a strong buying activity on Monday and buyers were pushing the price upwards. When I see an intraday uptrend like this, then I start to look for significant Volume Clusters formed within the uptrend . Such Volume Clusters point to places, where the buyers who are pushing the price upwards were adding to their buying positions. So, when I used my Flexible Volume Profile to look in the trend area, then it showed me this: ...

All eyes are now on EUR/USD! Why? Because EUR/USD is by far the most traded currency pair and it is pretty near its 3-year low ! Let me now show you what I think about this development. The BIG picture The first important thing to notice is the big picture. If you draw Volume Profile over the whole previous year 2019, then you can easily tell it is D-shaped . A D-shaped profile tells us, that buyers and sellers are in a temporary balance. So, 2019 was in balance and now the price gets very close to the low of previous year (heading outwards of the D profile). In a case like that, it is more likely that the price will turn upwards and go back into the range of the D-shaped profile ( back into the balance ). Why? Because around 70% of all the time, markets are balanced! I talk about this more in detail in my new Video Course . EUR/USD, Daily chart: Now, I am lo...

*Disclaimer: Presented opinions, trades and trading ideas on the markets and charts is not advice nor a trading recommendation. It is general information and it is for educational purposes only. **You can learn more about my trading setups in my new book: VOLUME PROFILE: The insider’s guide to trading Do you want ME to help YOU with your trading? Join one of my Volume Profile Educational courses and get my private trading levels, 15 hours of video content, my custom made Volume Profile indicators, and more! Click Here Recommended Forex Broker Having a solid broker with low spreads and commissions is ESSENTIAL for PROFITABLE TRADING!...

In yesterday’s post, I was talking about trading with high Risk Reward Ratio. The core of this strategy was to look for trading levels which made sense as swing trades as well as intraday trades. Today’s article is going to be related to yesterday’s post, so if you missed it, then you may want to check it out here: Trading With Extremely High RRR Support on EUR/USD got breached Let’s first start with looking at a Daily chart of EUR/USD. There has been a pretty significant development! Significant support (from Daily time frame) got breached and now it seems that lower prices (below this support) are being accepted. This would mean that this support will become a resistance. Currently, it is still a bit fresh, but if EUR/USD really closes this week below this support (which it already breached), then it will be a strong signal that a new resistance got formed and that strong sellers are taking over...

I would like to show you a trading method which combines intraday trading with swing trading. It is a highly efficient method with an extremely high RRR (Risk Reward Ratio). Strike rate is not that high, but the big RRR makes up for it. I am going to show you the method now, but first a warning: you will need to have the guts for this as it requires you to hold intraday trades as if they were swing trades! Feel like you have the guts for it? Good! Let’s have a look at it! Intraday analysis The core of this approach is finding a strong trading level, which makes sense both as an intraday trade as well as a swing trade. As an example, I will use a trading level, which I published for members of my trading course. This level was a short on EUR/USD. I published it as an intraday trading level at 1.1087. The reasoning behind the level was this: There was a heavy volume area created in a price rotatio...

There was significant macro news concerning the AUD released on Tuesday. It was the AUD Cash Rate and RBA Rate Statement. This macro affected all the AUD related forex pairs. Today, I would like to show you the AUD/JPY. In here, the macro completely changed the overall trend! A change in sentiment There was a downtrend and now the price has made a sharp rejection of lower prices . Aggressive buyers are currently pushing the price upwards. You can see this nicely on a Daily AUD/JPY chart: If you switch from Daily time frame to 30 Minute time frame, then you can start looking for some intraday buying opportunities , to participate in the current buying activity. Best way to do so, is to use the Flexible Volume Profile to identify significant heavy volume areas. The picture below shows what th...

Today, I would like to show you one of my favorite Price Action trading setups called AB=CD Setup. You can use this setup both for intraday and for swing trading. In this post, I will show you the AB=CD setup on a Daily chart, which I use for my swing trade analysis. How does the strategy work? The AB=CD setup is based on the market psychology and on the fact that the price does not usually move without corrections (pullbacks). I think I best explain this with a picture. *Example is on AUD/CAD; Daily chart: How to use it? Exact steps: First you need to find significant swing points . I will call them A and B. Then you need to see a correction which goes at least to 50% of distance from A to B. In this example, the distance from A to B is 319 pips. So, C must be a swing point, at least 160 above B. You can use standard ...