Trader Dale - Volume Profile Trading Blog

*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!                                     Click the button below to get more information: Trading Course TAGS:  weekly ideas

Webinar content: Order Flow basics Active vs passive market participants How to make reading Order Flow easy Order Flow standalone setups Order Flow trade confirmation setups SPECIAL WEBINAR SALE LINK:   https://www.trader-dale.com/order-flow-indicator-and-video-course/ FREE GIFT (Order Flow book):   https://www.trader-dale.com/freebook

In my yesterday’s video, I showed you  how to use Volume Profile when there is a trend . Today, I am going to give you one more example. I will show you this on the recent development of CHF/JPY. Yesterday, and today the  CHF/JPY is trending strongly . There is an uptrend and Buyers are clearly in control. When there is such a trend, then I use my  Flexible Volume Profile  to look into the volume distribution within that uptrend. What I want to see there is some  significant volume area  (I call these “Volume Clusters”). Such area often  represents a strong Support/Resistance zone. Volume-based Support Around 118.31 In this case, there was a really strong  volume area formed around 118.31.  This area indicates, that the Buyers who are pushing the prices upwards were adding massively to their Long positions there. This is what tells me that this is an important place for them. CHF/JPY; 30 Minute chart: When the price comes back into this area ...

*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!                                     Click the button below to get more information: Trading Course TAGS:  weekly ideas

  Hello guys, today, I would like to talk about a strong day trading  Resistance on USD/JPY. The USD/JPY started a very strong downtrend. It has started yesterday and the price has been dropping until now. The price even shot past  Point Of Control  of the previous week, which was a strong Support! Clearly, sellers are now dominating here, and for this reason,  I now look for Shorts. The “Trend Setup” When there is a strong trend like now, I use my  Flexible Volume Profile  to look into the trend area. I look for “ volume clusters “. Those are significant volume zones, that got created within the trend. This is a setup I call the “ Trend Setup “. You can see it nicely on the chart below. USD/JPY, 30 Minute chart: The price was dropping, and when it stopped for some time, strong  Sellers started to add to their Short positions.   They entered most of them around 105.22.  That’s where the “volume cluster” is the thickest. After that, they ...

*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!                                     Click the button below to get more information: Trading Course TAGS:  weekly ideas

Hi everybody, I made a short video where you can look inside my new book   ORDER FLOW: Trading Setups!   Check it out:   Look Inside: ORDER FLOW Trading Setups Book You can get your copy here:     ebook ($4.99): https://trader-dale. clickfunnels.com/order-flow- ebook     Paperback (black &white - $7.99): https://www.amazon.com/dp/ B08SBQ61GB/ref=sr_1_1?dchild= 1&qid=1610097077&refinements= p_27%3ATrader+Dale&s=books&sr= 1-1&text=Trader+Dale     Paperback (high quality color print - $29.95): https://www.amazon.com/dp/ B08SB75BZC/ref=sr_1_4?dchild= 1&qid=1610099358&refinements= p_27%3ATrader+Dale&s=books&sr= 1-4&text=Trader+Dale     Have a GREAT weekend!   -Dale