Trader Dale - Volume Profile Trading Blog

In this article, I would like to show you some special features which I implemented into my Order Flow software. Those special features make trading and reading the Order Flow a lot easier and they allow you to see things which you would otherwise miss . Let’s have a look at them one by one! Order Flow for Forex One of the most important features of my Order Flow software is that you can use it for trading Forex. This is not very common, because Order Flow is usually used with centralized data (Futures). Still, NinjaTrader has a good Forex data feed with reliable volume information . We were able to use this and adjust the Order Flow to work even with Forex! Forex data that are provided do not give Bid and Ask, but only Volume (=sum of Bid and Ask). For this reason you cannot use all the functions when trading Forex. Still the Volume data are extreme...

DEFINITION: Order Flow is an advanced charting software which enables you to read all trading orders that are processed in the market. It helps to track the BIG financial institutions through the trades they make. Most people get confused when they open up a chart with Order Flow for the first time. There is no shame in that. Order Flow shows so many information and it is easy to get overwhelmed and confused if you don’t know what to look for! This Beginners Guide will teach you how to understand how Order Flow works and how you can use it in your trading! In this 1st part of the Order Flow Guide I will show you around the Order Flow interface. Footprints The Order Flow does not show standard candles, but it shows FOOTPRINTS . A footprint shows not only Open, High, Low, Close (as standard candles) but it also shows orders traded in that candle. Orders can be...

*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!

How To Use Volume Profile for Intraday Trading – Weekly Trading Ideas 25.5.2020 *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 would like to have a closer look at NZD/CAD . What caught my eye here was a strong sell-off that occurred last week (13th May). Such a strong sell-off is a sign of aggressive sellers jumping in and pushing the price downwards. In this case, it is pretty easy to spot where those sellers were accumulating their selling positions before they started the aggressive sell-off. Price Action Price Action shows that there was a rotation before the sell-off started. Such a rotation is an ideal place for position accumulation. The reason is that in a rotation those sellers could easily hide their intentions (of starting a sell-off) and slowly, unnoticed accumulated their short positions. Volume Profile If you look at the Weekly Volume Profile (on the left) then you can see massive volumes accumulated exactly in that rotation area. In fact, the heaviest volumes throughout the whole week got accumulated ...

Today, I would like to show you a nice confluence of two trading strategies on EUR/JPY. The analysis I am going to do will be an intraday trade analysis and I will do it on a 60 Minute chart. Volume Profile analysis The thing which got me interested first in this chart was a tight rotation, which was followed by a rejection of higher prices and then an immediate sell-off. The reason why it caught my eye was that a tight rotation followed by a sell-off is what I look for in my Volume Accumulation trading strategy . What I also want to see with this strategy is heavy volumes traded in the rotation. In this case, those volumes were really easy to spot because they show very nicely on the Weekly Volume Profile . If this wasn’t as easily visible on the Weekly Volume Profile then I would use my Flexible Volume Profile to look just into this rotation area. However, in this case, there was no need for that. ...

Today, I will do an intraday analysis of CHF/JPY . It will be a bit different this time because I will also use Order Flow . Let’s first talk about what the Price Action and Volume Profile show. There has been a strong downtrend since the beginning of this week. There haven’t been any major pullbacks and the price has been heading downwards steadily. Volume Profile analysis When there is a trend like this I like to use my Volume Profile to look in that trend area. What I look for are significant Volume Clusters (areas where heavy volumes were traded). The reason CHF/JPY caught my eye today was because there are THREE Volume Clusters! Three very nicely visible and easy to identify heavy volume areas. I believe that the volumes we see in those three areas were aggressive sellers, who were adding to their selling positions. After each volume accumulation, those sellers pushed the price aggressively downwards – to make money on those posit...