Trader Dale - Volume Profile Trading Blog

In my yesterday’s Weekly Trading Ideas video I was talking about a strong resistance on EUR/CAD. The price has already reacted to this resistance and those who took this trade had a nice profit. What I want to show you now is how you could have used VWAP ho get the best out of this trade. The first thing to notice is the 1st deviation of Weekly VWAP . That’s the grey line. In this case it represents a good resistance (this is based on a trading setup I talked about in this VWAP webinar: VWAP Trading Strategies ). Combined with heavy volumes I talked about yesterday (marked in red) it made a nice confluence of two strong resistances (volumes + VWAP deviation). Another thing I talked about in my VWAP webinar was that a good place for a Take Profit was very often the VWAP line (yellow line). Check it out in the picture below: ...

*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. If you would like to learn to trade with Volume Profile and to trade with me every day, then join my Trading Course!

Today I will look into an intraday trade analysis of the AUD/CAD . There was a strong buying activity all across the AUD related pairs yesterday and it created some nice trading opportunities. Volume Accumulation What I always like to see is a price rotation which is followed by a trend . I call this the Volume Accumulation Setup . First, volumes get accumulated in the rotation and then the big guys push the price into the trend to make money. Why do volumes get accumulated in a rotation? Because the big guys can hide there. They don’t want to show their intentions . They want to enter their positions slowly and unnoticed. Instead of entering for example 1.000 lot position, they do it like this: 1+1+1+1+1+1+1… Even if they do this super fast entering such a big position this way takes time. Why do they do it like this? Because this way they can hide their intentions! They don’t want to send a message which would say that “a big guy ha...

On Friday, I wrote an article on long-term investment in Oil. I talked about the prices dropping crazy low and making Oil very attractive for a long-term investment. If you missed the article you can read it here: Oil Price Can’t Drop to $0. How To Profit On That? Today, I am going to look more into intraday Oil analysis. You know, even an intraday trade could prove a good starting point for a swing (or long-term) trade. So, if you are looking for an ideal price to jump in a long-term long on Oil, then this analysis could prove helpful. Buying activity on Oil The first significant buying activity on Oil occurred a few days ago (2nd April) when Donald Trump made a statement that he made an agreement with Saudi Arabia (Oil gained around 25% immediately). I  believe that this could be the start of a new uptrend. For this reason, I am looking for significant volume clusters created within the newly formed ...

Today’s buying on the AUD created some nice trading opportunities on the AUD related pairs. Like for example on the AUD/CHF which I am going to analyze in this article. I am going to focus on an intraday analysis using 30 Minute and 60 Minute charts. When there is a trend like now, I always use my Flexible Volume Profile indicator to look into the trend. What I am interested in most are places where heavy volumes got traded. I call those places “ volume clusters “. Volume Clusters Volume clusters are a sign that buyers or sellers were adding or building up their trading positions . If there is an uptrend like in this case, then it was buyers who were adding to their long positions. They wanted to make most of the uptrend. When the price makes it back to those volume clusters then it is likely that they will work as support zones. Why? Because those buyers who accumulated their longs in the volume clusters will want to defend those ar...

*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 If you would like to learn to trade with Volume Profile and to trade with me every day, then join my Trading Course!

What is the difference between trading a currency pair (forex) and trading a commodity like Oil? It is quite simple: the Oil price cannot fall to zero, whereas a currency actually can devaluate so much it becomes almost worthless. A typical example is a hyperinflation in Venezuela. This picture shows how bad it was: This sort of thing has already happened in many countries in the world, not just in Venezuela. The reason was that the central banks were printing too much money. This is en extreme, but it can happen… How deep can a commodity drop? Can this happen with Oil or any other standard commodity? The answer is not black and white. It depends how important the commodity is. I don’t think such devaluation can happen to Oil because it is an essential commodity which we need in almost every industry. Can this happen to Gold? In my opinion much more likely! The reason is that gold does not have that much use. Only around 5-10% ...