Get started

Traderdale

CHF/JPY How To Combine Trading Setups – Day Trading Analysis 📋On CHF/JPY is nice to see strong sell-off from the price 116.810 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Resistance from the past + Strong sellers + Sell-off + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
1
EUR/AUD: Swing Trading Analysis With Volume Profile 📊⏲️Hello guys, today’s trade analysis will be on EUR/AUD. It won’t be a standard day trading analysis because I will do it from a higher perspective than from the standard 30 Minute time frame. This time, I will use a 60 Minute time frame and Weekly Volume Profile. What caught my eye here at the first sight was a very strong Point Of Control (POC). This POC was 2 week POC, which means that this was the place where most volumes got traded in the last 2 weeks! From this place, a strong buying activity started and caused an uptrend. What does that say? It says that strong buyers were building up their long positions in a rotation. We see their volumes on Volume Profile. Then they pushed the price upwards. What happens when the price makes it back into this area again? The buyers should start defending their longs. They placed most of them at 1.6540 (that’s the strong POC). It is this area they will want to defend the most. This is the reason it should work as a strong support. Resistance turning into a Support The 1.6540 Support is not only a strong level because of the 2 week POC, but also because it worked as a strong Resistance in the past. If you look at the chart below, you can see how nicely the price reacted to this Resistance before. When this Resistance got breached and the price went above it, it then turned into a Support. You can read more about this Price Action setup here: Price Action Setup: Support Becoming a Resistance This support is exactly at our 2 week POC which creates a very nice confluence of two trading signals. Both telling us that the area around 1.6540 should work as a strong support. Position Management Because this trade analysis was made from a higher perspective, we also need to adjust our Take Profit and Stop Loss for this. In this case the ideal SL would be around 55 pips, and the TP at least the same. If you would like to know why, then I suggest you check my Volume Profile webinar, where I explain (among other things) how to set your SL/TP using Volume Profile. I hope you guys liked today’s analysis. Let me know what you think in the comments below! Happy trading! -Dale
by Trader_Dale
AUD/JPY - A Lot of RED Candles? 👉 Find some short trade 👌On AUD/JPY is nice to see strong sell-off from the price 75.07 and 75.56 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Strong sellers + Sell-off + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
4
GOLD The Most Important Institutional Supports and Resistances ⚡About two months ago I wrote an article titled “Will there be a Sell-Off on Gold?“. At that time Gold was quite overpriced and it was close to the psychological barrier of $2.000. I also wrote a bit about how Gold does not really have too much use in technology and that in most cases it is just a shiny piece of stone people like to buy. In the two upcoming months, the predicted sell-off really came. The first one in August and then the second one in September. In this article, I would like to show you the most important institutional support and resistances which formed on Gold. As the institutions are best seen using Volume Profile, I will be using this indicator to identify the most important support and resistance zones. Support at 1810.00 I used my Flexible Volume Profile on the whole uptrend (including the rotation that took place before it). This revealed two significant heavy volume areas. The first one is around 1810 and it is based on a Volume Cluster from which a strong and aggressive uptrend started. This is most likely a place where the big trading institutions were adding to their long positions. When they have done so, they started to push the price aggressively upwards. When the price makes it back into this area again those buyers could show up, defend their longs, and try and push the price upwards again. I call this setup the “Trend Setup” because I trade it when there is a trend. Support at 1710.00 This support is based on heavy volume area which got formed in a very long rotation. This rotation took about 3 months to form. From there the strong buying on Gold started. Massive volumes were traded in this rotation. I believe those massive volumes were the big institutions entering their longs there. They placed most of their positions at 1710 – this is the Point Of Control of the whole rotation. When the price makes it back into this area I think those buyers could start buying again, defending their longs and defending this support. I call this setup the “Volume Accumulation Setup“. Resistance at 1945.00 This is a newly formed resistance which got formed after the recent sell-off couple of days ago. There was a long rotation and from that rotation the selling started. I marked the rotation in red in the picture below. You can see, that there were also huge volumes traded there. I think that those volumes were institutions entering their short trades there. When they have accumulated enough of them, they pushed the price downwards. When the price makes it back into this area again I believe that those sellers will become active again and that they will defend this resistance. Defend how? By entering aggressive sell market orders. With them they will try to push the price downwards again. I think that if the sell-off is to continue, this resistance needs to hold. I hope you guys liked this analysis! Let me know what you think in the comments below. Happy trading! -Dale
COMEX:GC1!
by Trader_Dale
AUD/CAD - BIG RED Candle 👉 Find some short trade 👌What do you thing about this words? If i see the Biggest Candle in the chart is RED , then i try find some good short trade... Let me know in comment below... On AUD/CAD is nice to see strong sell-off from the price 95.37, there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Strong sellers + Sell-off + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
2
AUD/JPY Volume Profile & Price Action Setup Combo 💡In today’s trade analysis, I would like to show you my most favorite combination of two trading setups. It is a combination of a Volume Profile setup and Price Action setup. Let me first talk about the volume-based setup. Trend setup (Volume Profile setup) The AUD/JPY went into a strong buying activity yesterday and the price continued to move upwards since then. When there is an uptrend like this, then what interests me the most is how the volumes were distributed inside that uptrend. The easiest way how to find out is to use my Flexible Volume Profile tool and move it over the whole uptrend area. In this case, my Volume Profile revealed a significant volume cluster around the middle of the uptrend. It is pretty likely that buyers who drove the price upwards were adding to their long positions there. It is a significant zone for them because it is the entry point of a lot of their positions. For this reason, if the price makes it back into this area again, those buyers will want to defend their long positions. They will do that by placing aggressive long Market orders and they will try to push the price upwards again. That’s why I think this area (75.28) is likely to work as a strong day trading support zone. Resistance → Support (Price Action Setup) The second piece to my favorite setup combo is a Price Action setup which says, that a breached resistance becomes a new support. As you can see in the chart below, the AUD/JPY already reacted to the 75.28 zone in the past. This level worked as a strong resistance. Then, when the price went through this level today, the resistance became a support. Want to learn more? As you can see, there are two trading setups which both confirm the strong support around 75.28 area. The first setup is called the Trend Setup and it is based on volumes, and the second setup is called Resistance→Support setup and it is based on Price Action. You can learn more about both those setups in my FREE Volume Profile book which you can download by clicking the banner below. Happy trading! -Dale
by Trader_Dale
1
CHF/JPY – Volume Profile analysisIn my latest market analysis, I talked about an intraday resistance on CHF/JPY. There was a nice reaction to it on Friday. First, there was a quick +16 pip reaction, and then on the market open, the reaction continued and made +26 pips. Still, it is always safest to close all your intraday positions before the weekend. There could be an opening gap which could cause your account a lot of harm if the market went the wrong way. So, in this case, it would be just best to close your position in green numbers before the market closed. CHF/JPY – Volume Profile analysis In today’s analysis, I will also comment on the CHF/JPY as there is another nice trading opportunity. What I want to talk about is a newly formed support around 113.45. On Friday, there was a rotation formed around the 113.45 area. If you use Volume Profile you can see that there were heavy volumes traded there, and most of them at 113.45. From this place, a strong buying activity started. This means that there were buyers entering their long positions in that rotation. Then those buyers started aggressive buying and with Market orders pushed the price into a new uptrend. When the price returns back to this area again in the future, then it is pretty likely that those buyers will become active again and they will try to push the price upwards from this support again. Happy trading, -Dale
by Trader_Dale
4
GOLD: Swing Trade Analysis with Volume ProfileToday, I would like to do a swing trading analysis using just Volume Profile and Price Action. What got my attention this time was Gold. Its price has been rising and it hasn’t been this high for 7-8 years! As the price is moving upwards there are zones where the Volume Profile shows heavy volumes. Those are most likely areas, where buyers were adding to their long positions. They are around 1755.00 and 1726.00. Two factors which drive the price up from volume-based supports Those heavy volume zones should work as Supports. Why? Because the buyers who were building up their positions in those zones won’t want the price to drop below those zones. That would mean their positions would be in red numbers! So, when the price reaches those volume zones, then the buyers will want to defend those zones. They will start aggressive buying in order to drive the price upwards again. There is also a second factor at play. When there is a pullback, then the sellers behind this pullback will want to quit their short trades before they reach the heavy volume zones. Holding to those positions could mean a potential fight with the buyers! They wouldn’t want that! Sellers getting rid of short positions means they will need to buy (to get rid of shorts). This is the second factor which could help drive the price upwards from those two heavy volume zones. So, the two factors to drive the price upwards from volume-based supports are: First factor: buyers defending long positions. Second factor: sellers getting rid of their short positions. Both factors help the price turn upwards at the volume based support zones like these. Trade execution What do we do now? Now we simply wait. When there is a pullback and the price makes it back to those zones, then they should work as supports. Then it could be a nice opportunity for a swing long trade from both of those supports. Gold specifics Gold is a bit specific trading instrument because it often works as a safe heaven instrument. This means that when there is some global uncertainty (economical crisis, coronavirus, war, disaster,…) then its price usually rises. On the other hand when it is over its price drops. So, if there is some really important global news then you should watch Gold and trade it carefully. Especially when it is moving around its all-time highs like now. I hope you guys liked today’s analysis. Let me know what you think in the comments! -Dale
Editors' picks
TVC:GOLD
by Trader_Dale
7
Intraday analysis of CHF/JPY 😷How to Use Order Flow on Forex 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 positions they have entered in the Volume Cluster areas. Those Volume Clusters now represent significant resistance zones. If there is no change in the market sentiment those zones should hold and reverse the price (when there is a pullback). Logic behind Volume Clusters The logic behind this is that the sellers who have entered their short positions in those Volume Clusters will want to defend their shorts. And if there is a pullback, then those guys are most likely to start selling and pushing the price downwards again. That’s why I think those three areas will work as resistances. You can see all that in the screenshot below. It shows 30 Minute chart of CHF/JPY along with those three resistances I hope you guys liked today’s analysis! Let me know what you think in the comments below! Stay safe and happy trading! -Dale
by Trader_Dale
EUR/CAD: How To Combine Volume Profile 📊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). New Support on EUR/CAD Now, I would like to continue with the EUR/CAD analysis and talk about a newly formed intraday support. If you look at what the Volume Profile showed yesterday, then you can see that there was a “double distribution” shape (looks like a capital letter B). This means that heavy volumes were accumulated at the low of the day, and then the price went upwards. Then there were heavy volumes accumulated at the end of the day (high of the day). This tells me that strong buyers were building up their buying positions, then they moved the price upwards and then there was a new balance (new fair value area). What happens when the price makes it back to the heavy volume area at the bottom of all this? Those buyers who entered their positions there will most likely start defending those positions. They will start entering aggressive market buy orders. With those they will try to move the price upwards again. I hope you guys liked today’s analysis! Let me know what you think in the comments below! Happy trading! -Dale
by Trader_Dale
2
AUD/CAD: Volume Profile AnalysisToday 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 has just entered a trade”. AUD/CAD Volume Accumulation In today’s example, there was a rotation on AUD/CAD. Heavy volumes got accumulated in this rotation. The big guys entered their longs unnoticed in the rotation and then they started the uptrend. What happens when the price makes it back to this volume accumulation area? Those big guys will most likely try and defend their long positions. In order to do that they will start aggressive buying to push the price upwards again. This is what will make this area around 0.8618 a strong support. I hope you guys liked today’s analysis. Let me know what you think in the comments below! Stay safe and happy trading! -Dale
by Trader_Dale
3
Trading the Sell-off on Gold 📈Gold hit a major long-term resistance which I wrote about a month ago. Despite all the uncertainty around the world (which should actually help gold to strengthen) there was a nice reaction to this resistance and a sharp sell-off. What happened around 1665 Let’s now zoom in a bit and let’s have a look at what actually happened around the major long-term resistance (1665). I will explain on a 30 Minute chart. First, the price went upwards and hit the resistance. Then there was a rotation around the resistance and then an aggressive sell-off started yesterday. If you look into the volume distribution (picture below) within this whole area you can see that there were heavy volumes accumulated in this rotation. There were two significant volume zones. I marked the stronger one in the picture below. What happened here was most likely this: Buyers were pushing price upwards, then when the price hit the long-term resistance around 1665 sellers started actively accumulating selling positions (that’s the heavy volume areas we see below). After a couple of days the sellers entered their selling positions and then they started aggressive selling to start the sell-off which occurred yesterday. Resistance around 1636 Now when you know the bigger context I would like to talk about a resistance which formed just yesterday around 1636. There are several things I like about this resistance and I will cover them one by one: First, there was a tight rotation with quite heavy volumes accumulated around 1636. Then strong sell-off started from there. This indicates that sellers were adding to their selling positions there and from this place they started their aggressive sell-off. When the price hits this area again those sellers are likely to become active again and to push the price downwards again. Another thing I like about this 1636 area is that the heavy volume cluster (from the picture above) was also at this level. This means that around 1636 the sellers from the last couple of days accumulated most of their selling positions there. The third thing is that this 1636 area worked as a support in the past. The price bounced twice off this level. When the price went through this support yesterday, it then became a resistance. So, we have three nice confluences that all confirm this resistance. How to trade this? There are two ways you could consider trading this. First, as an intraday trade where you would enter the trade with a tight Stop Loss and then quit it relatively soon. Or if you haven’t managed to get into a long-term short trade around the 1665, then this might be your second chance to enter such position from a pretty good level. This way you wouldn’t be chasing the market but you would wait until it comes back to you – back to a price where it actually makes sense to press the SELL button. I hope you guys liked this article. Let me know what you think in the comments below! Happy trading! -Dale
TVC:GOLD
by Trader_Dale
1
GARTLEY + VOLUME CLUSTER ON OIL!!! 💥A Setup as Simple as ABCD 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 Weekly chart , which I use for my swing trade analysis. Trading AB=CD as a standalone strategy You can trade this setup as a standalone strategy but I personally prefer to have some more confluences with other strategies which would confirm the support/resistance levels this AB=CD method shows. It would be best if there was some significant volume area created around the point D in the past. Still, the AB=CD setup on a Weekly chart is a strong signal and I think we can expect a reaction there. Oil is under strong attack, but i still believe for long trade !! Reason for this long trade 1. Garley ABCD 2. Volume cluster Happy trading Dale
FX:USOIL
by Trader_Dale
1
EUR/USD: All Significant Supports EXPLAINEDThe EUR/USD is pushing upwards like crazy. It made over 400 pips just in eight days! An interesting thing is that there were eight consecutive bullish Daily candles (all green). Not a single pullback! This is a sign of strong and aggressive buyers. Even a blind person can see this. How to trade in a trend The main intraday trading strategy in such a situation is to wait for little pullbacks and enter long trades at supports. In this article, I will focus mostly on those supports. When there is an uptrend like now, it is best to use the Flexible Volume Profile to look into the volumes and how they were distributed throughout the uptrend. What you are looking for are significant Volume Clusters. A Volume Cluster created within an uptrend tells you this: There were a lot of buyers adding to their buying positions there. Then they pushed the price even higher. How does that help? When the price makes it back to a Volume Cluster then there is a solid chance that those buyers will become active again and that they will try and push the price upwards from this Volume Cluster. The current situation on the EUR/USD Let’s now have a look at the EUR/USD and examine all the Volume Clusters one by one. Below, you can see a 30 Minute chart of the EUR/USD with all significant Volume Clusters numbered #1 to #4. #1 Volume Cluster This one was created close to the beginning of the new strong buying activity. What i like about this one is that the volumes are distributed in a way that there is no doubt where the support is (Volume Cluster is nicely visible and “sharp” looking). #2 Volume Cluster This one is a bit weird one. There was a bit of sideways price action and then the price shot upwards. What happened an hour later was that there was a little pullback. This pullback went almost into the Volume Cluster zone. Now it seems that those volumes have already been tested by this (support is no longer valid). Maybe it will still work but it would be the 2nd test and 2nd tests don’t have as good win rate as the 1st tests. #3 Volume Cluster I liked this one and I was looking forward to trading it. However, the price went quite close to it and then made a strong buying reaction. It seems that this support is also spent (tested). My general rule is that a level is tested if price turns 3 pips or closer before reaching it. In this case, it was a bit more than 3 pips but given the higher volatility we see on EUR/USD now I rather discard this level because to me it just looks already tested. #4 Volume Cluster This one is already spent. The price made a nice pullback to it, and there was a 30 pip reaction. This support is no longer valid because the price has already reacted to it. I hope you guys liked this Volume Cluster analysis. Let me know what you think in the comments below! Happy trading! -Dale
by Trader_Dale