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NIKE ✔️ : Volume Profile 📊 and Price Action Analysis 📋In today’s analysis, I will show you something similar as I am going to be talking about in the webinar. I will show you how to use Volume Profile to identify the best trade entries for long-term investments. In this case, I will discuss the stock of the US company NIKE. NIKE – Volume Profile Analysis As many US companies NIKE is in the uptrend. One of the big reasons so many US companies are in an uptrend is that the FED is pumping free money into the US economy and this helps stocks to shoot higher and higher. I am not a huge fan of buying a stock when it is at its all-time highs. What I prefer, is to wait for a pullback and then jump in. A pullback to where? To heavy volume area. The reason heavy volume areas are so important in an uptrend is that they work as strong Supports. What they represent are places where the BIG trading institutions were adding massively to their Long positions. When the price makes a pullback into such heavy volume area, then those BIG trading institutions will want to defend such zone. Why Are Heavy Volume Areas Important? Those areas are important for them. The reason is they placed a lot of volumes there. If the price drops below such heavy volume area, then their Long positions will go to red numbers. They obviously don’t want that. They want to make money on their stocks and they need them to go higher and higher. So, what those BIG guys do is they defend such heavy volume areas. They also use them to add some more to their Longs as those places are places with huge liquidity. All this makes the heavy volume areas strong Supports. Heavy Volume Area On NIKE Such a Support is also on NIKE. If you look at the chart (Weekly time frame) and use my Flexible Volume Profile there, then you should clearly see the strong volume area that formed there. This is our Support (starting around 137.00). This is in my opinion the ideal place to jump in and participate in the uptrend. Don’t enter at the all-time high. Wait for a discount 😉 The Volume Profile setup I used here is called the “ Trend Setup “. That’s a setup I use when there is a trend. I hope you guys liked my analysis! Let me know what you think in the comments below! Happy trading, -Dale
NYSE:NKE
by Trader_Dale
1
EUR/GBP Volume areas 📊 And Price Action AnalysisHello guys, today, I will have a closer look at the EUR/GBP. What caught my eye at first was a strong selling activity yesterday (that huge red candle you can see in the picture below). Such a strong and rapid sell-off is a sign of aggressive sellers. Those sellers were most likely building up their Short positions in the rotation that took place before the sell-off. Those heavy volumes that were accumulated before the sell-off are quite important and I think those were the BIG institutional traders getting ready before manipulating the price downwards. When the price makes a pullback into this area again (starting around 0.8546) then those BIG guys will want to defend this zone and push the price downwards again. This is what should make this zone a strong Resistance. A Two-Week POC Another nice addition to this Resistance is that it is a very significant volume-based level even from the bigger perspective. This Resistance also represents a place where the heaviest volumes throughout the last two weeks got traded! This means it is a two-week POC ( Point Of Control ). You can see that on the picture below, where I merged two weekly Volume Profiles into one two-week Volume Profile. This is another thing that adds strength to our Resistance around 0.8546. I hope you guys liked my analysis! Let me know what you think in the comments below! Happy trading, -Dale
by Trader_Dale
3
NZD/JPY: Day Trading Analysis With Volume Profile 📊 On NZD/JPY is nice to see strong buying reaction from the price 77.890 and 77.610 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Strong buying activity + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale
AUD/CAD: Volume Profile And Price Action Swing Trading AnalysisHello guys, today, we will have a look at a swing trading analysis on AUD/CAD. For swing trading analysis I like to use 4-hour charts or Daily charts. Today, I will do the whole thing on the Daily chart as it is really nicely visible and easy to understand there. So, why have I picked AUD/CAD? Because there is a nice and strong trend. If you have been following me for some time then you know that I like to look for significant volumes that were traded inside such trends. I look for those using my Flexible Volume Profile . Volume Profile Setu p In this case, I used my Flexible Volume Profile to look into the downtrend area. It revealed a strong Volume Cluster. Such Volume Cluster represents a place where strong Sellers were adding to their Short positions – it reveals their big, institutional volumes. When the price makes it back to this Volume Cluster area (starting at 0.9473) then those strong institutional traders should defend it. They will defend it because they placed a lot of their Shorts there before (this place is important for them). This is why this zone should work as a strong Resistance. This setup is called “ Volume Profile: Trend Setup “ Price Action Setup Another reason this 0.9473 zone should work as a Resistance is that it worked as a strong Support in the past. How can I tell? Because the price bounced off this zone twice, and always very strongly. When this Support got breached it became a Resistance. This is my favorite Price Action setup that I like to use as a combo with my Volume Profile setups. You can learn more about this setup here: Price Action Setup: Support → Resistance What I like about this is that those two setups (Volume Profile and Price Action setups) nicely align and both point to the same Resistance area around 0.9473. I hope you guys liked my analysis! Let me know what you think in the comments below! Happy trading, -Dale
by Trader_Dale
1
NZD/JPY: Day Trading Analysis With Volume Profile 📊 On NZD/JPY is nice to see strong buying reaction from the price 77.7 , there is nice to see strong volume areas.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Uptrend +Strong buying activity + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale
NZD/CAD: Day Trading Analysis With Volume Profile 📊 On NZD/CAD is nice to see strong sell-off from the price 0.8676 , there are 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 + Downtrend + Support from the past is my mainly reason for this short trade.... I placed in the graph how this trade should be managed correctly.. I moved Take profit to another significant cluster volume .. Happy trading Dale
by Trader_Dale
AUD/JPY: Volume Profile and Price Action Day Trading AnalysisHello guys, in today’s intraday trading analysis I will focus on AUD/JPY. There was a trend day yesterday and the AUD/JPY went down. Now there seems there may be a correction and the price is heading towards a pretty significant Resistance level. So let me talk about that. Before the strong selling yesterday, there was a rotation. In that rotation heavy volumes got traded. You can see it if you use my Flexible Volume Profile. I think that in this volume area strong Sellers were building up their Short positions. Then they pushed the price aggressively downwards. This tells us that this zone (around 84.78) should be important for strong institutional Sellers . That’s why I think that if there is a pullback to this zone again, it will work as a Resistance. This Volume Profile setup I used is called the “ Volume Accumulation Setup “. Weekly Point Of Control What adds strength to this Resistance around 84.78 is that it is also the Point Of Control (POC) of this week. This means that the heaviest volumes throughout this week were traded at this specific price level. This definitely adds significance to this level and it’s a nice confluence to have there. Support Becoming Resistance (Price Action Setup) Another nice addition to add strength to our Resistance is a simple Price Action setup called “ Support → Resistance “. As you can see from the picture below, our Resistance at 84.78 worked as a strong Support in the past. The price bounced off it several times. This Support is now breached. When it got breached and the price started to move below it, then it became a Resistance. That’s what this Price Action setup is all about – a Support that got breached becomes a Resistance. The thing I like here is that all those three signals line up nicely together and they all point to our 84.78 Resistance. I hope you guys liked this day trading analysis! Let me know your thoughts in the comments below! Happy trading, -Dale P.S. If you are with my for some time, maybe you have noticed one more nice setup that played out recently on AUD/JPY. It was a trade based on the Volume Profile Trend Setup .
by Trader_Dale
2
🟨 GOLD: Market Profile 📊 and Price Action Analysis 📋Today, I am also going to do a Swing trading analysis. This time on Gold! As I wrote in the yesterday’s post, I do my Swing trade analysis using mostly Daily time frame. Today, I also used 4-Hour time frame. What initially caught my eye on Gold was the newly formed uptrend that has been on Gold since the start of this month. Big trading institutions are clearly pushing the price of Gold upwards. GOLD: Volume Profile Analysis I used my Volume Profile (MT4 Volume Profile) to look into the current uptrend. The Profile showed a significant volume area around 1170 – 1790. This is a valuable information because it tells us that strong Buyers used this zone to add to their Long positions. Then they pushed the price even higher. Even though the price has already left this zone and it is moving above it, this zone is still important. It is so because strong Buyers placed a lot of their Longs there. If the price comes back, then those Buyers will mostly want to use this zone again – to add to their Longs and to push the price up again. This is why it should work as a strong Support. Now we just need to wait for a pullback. The setup I used is called the “ Trend Setup “. I like to trade it when there is a trend. Daily Time Frame The whole situation is maybe a bit easier to read on a Daily chart. The reason I used 4 Hour chart is that I used TPO Profile. TPO profile is always more detailed and precise if you use it on a faster time frame. If you want to know what is the difference between Volume Profile and TPO (Market Profile) then check out this video: Volume Profile vs. Market Profile – What Is The Difference? I hope you guys liked today’s Swing trade analysis! Let me know what you think in the comments below! Happy trading, -Dale
TVC:GOLD
by Trader_Dale
2
USD/CAD Swing Volume Profile 📊 and Price Action Analysis 📋Hello guys, today’s post will be a Swing trade analysis of USD/CAD. With Swing trades, I do my analysis mostly using Daily charts. This allows me to see the bigger picture. I need the bigger picture to see what the BIG trading institutions do on the higher time frames. With Swing trades, I also use way wider Take Profits and Stop Losses than with day trading levels. What caught my eye on the USD/CAD was a strong downtrend that started in April and continues until now. USD/CAD: Volume Profile Analysis With a trend like this, I am always interested in how the volumes were distributed there – within the trend area. For this I use my Flexible Volume Profile indicator. I simply drag it over the whole trend area – like in the picture below. As you can see from the picture, there is a couple of “volume bumps” which I call the Volume Clusters. Those Volume Clusters represent places where heavy volumes were traded. I am always after the heavy volumes because heavy volumes = Big institutions. In the picture above I selected a Volume Cluster around 1.2275. Heavy volumes were traded there and then, after a couple of days, the sell-off continued. It seems that the BIG institutions were adding to their Short positions in that Volume Cluster. Then they pushed the price downwards again. When the price makes it back into the 1.2275 area it is pretty likely that those strong institutional Sellers will want to defend this zone. It is an important zone for them since they placed a lot of their new Shorts there. So, what I think will happen is that they will want to push (manipulate) the price downwards from this place again. This is why I think this will make the area around 1.2275 a strong Resistance. I call this setup the “ Trend Setup “. I trade it when there is a trend. 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
NZD/CAD: Day Trading Analysis With Volume Profile 📊 On NZD/CAD is nice to see strong sell-off from the price 0.8895 , there are 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 + Downtrend + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
GBP/USD: Volume Profile Analysis 📊 On GBP/USD is nice to see strong sell-off from the price 1.3906 , there are 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 + Downtrend + Strong volume area + POC of the Week is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
6
USD/CHF: Volume Profile 📊 Analysis On USD/CHF is nice to see strong sell-off from the price 0.91266 , there are 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 Support from the past + Strong sellers + Downtrend + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
CHF/JPY Volume Profile 📊 and Price action analysis 📋Hello guys, in today’s day trading analysis I will focus on the current uptrend on the CHF/JPY. When there is an uptrend, then I don’t fancy chasing the market, and entering longs when the price is at the highs of the trend. What I prefer is wait for pullbacks. I wait until the price retraces down a bit, and then I enter my Longs. Look For Volume Clusters Retraces to where? To places with significant volumes. I call those Volume Clusters. Whenever there is an uptrend I use my Flexible Volume Profile to see how the volumes were distributed inside that uptrend. When you use the Volume Profile like this, then it will nicely reveal those Volume Clusters – areas where institutional buying activity took place. On the CHF/JPY there are two areas that stand out and that I like. The first one is a Volume Cluster around 118.54, and the second one is a Volume Cluster around 118.26. In both those places heavy volumes got traded. Most likely, it was big trading institutions entering more Longs and getting ready for another push upwards. Those are places I think the Buyers will defend and that will work as Supports. This is one of my favorite setups and you can learn more about it here: Volume Profile: Trend Setup Price Action Setup as an Additional Confluence But let’s not stop just there! There is more to those two areas I showed you. A very nice confluence with a Price Action setup! Both those levels – 118.54 and 118.26 worked as Resistances in the past. The price reacted four times to the zone around 118.54, and once to 118.26. This tells us that those areas already worked as Resistances in the past. You can see that in the picture below. When a Resistance gets breached, it then becomes a Support. This is an old and simple Price Action setup I like to use and combine with my Volume Profile setups. Just like I did it here. If you would like to learn more about this setup, then you can do so here: Price Action Setup: Resistance Becoming a Support I hope you guys liked today’s analysis. Let me know what you think in the comments below! Happy trading, -Dale
by Trader_Dale
Stop Loss Hunting – Are You The Hunter 🤠 Or The Prey 🍖 ? Hello guys, In today’s article, I am not going to tell you which type of order to use, because that was the main message of the previous one. Today, I will focus on another interesting phenomenon related to this topic – Stop Loss Hunting. “My Broker Is Hunting My Stop Loss” A typical thing beginner traders say: “My broker is hunting my SL, he knows exactly where it is and he always makes the price go exactly there.” Or “I am the most unlucky person ever – the price always hits my SL and then turns the way I predicted.” Sure, having a reliable broker is crucial but in this case, it’s very often the fault of the beginner trader. Well, in fact this is not just beginners. Even advanced traders have such problems… Let’s now talk about what is the reason of this “SL hunting” and let’s use a recent example. Heavy Volume Zones On DAX A couple of days ago I wrote an analysis on DAX. In this analysis, I showed a strong volume-based swing Support around 14.600. As a reaction to this I received a couple of emails from people asking me why not the higher area, around 15.250? Both are heavy volume zones , so why not trade both? Lets talk about the 15.250 zone now. Those heavy volumes you see there were accumulated in a rotation area around 15.250 (marked in red). That rotation area though, had a very “weak low“. The Weak Low There were so many little reactions to the low of the price channel, but not a single big and strong rejection. What many traders do is that they have their SL orders below the rotation channel. This is usually traders who trade breakout strategies, or traders who are trailing the trend. The picture below shows this rotation zone more in detail and it shows all those small and weak rejections. Below such rejections, many people place their SL orders. I call the areas where people place a lot of their SL orders “SL Clusters“. What usually happens is that the price goes there and “consumes”all those SL orders there. Who is doing this? Not the “evil broker”. It’s the BIG trading institutions who manipulate the price to go there. Then they take all that free liquidity there (liquidity from those SL orders). Big guys need liquidity. They need it to enter their trades. They actively manipulate the price and look for places with liquidity like the one I showed you. BOOM! – Everybody Out! A phenomenon worth noticing with such “SL hunting” is that the price usually shoots rapidly through such zones. BOOM! Everybody is out 🙂 Often with slippage. Why does the price shoot so fast through such areas? Because STOP LOSS order is a MARKET ORDER. This is important! Stop Loss Order = Market Order If you read the previous part of this article then you know that a Market Order means that you are able to quit (or enter) your trader NOW. The downside is that you may get a slippage, because NOW there might not be a big enough counter-party (exactly at your desired price level) to Buy what you Sell, or to Sell what you Buy. Stop Loss Hunting When there is a SL run, then all those people whose SL get hit enter a Market Order to quit their position. Market Orders are sort of catalyst that move the market. Those are aggressive orders. This is the reason the price shoots fast past SL Cluster areas. SL clusters are catalysts and people often get slippage when their SL gets hit there. Now, lets get back to that 15.250 level on DAX. Stop Loss Hunting On DAX – EXAMPLE Below this heavy volume area, there was a SL cluster. For this reason it was not a good idea to go Long from 15.250, because the SL cluster was right below it. As you can see, the institutions recognized this SL cluster and they moved the price towards it. When the price hit this area it was quick. Whoosh! All those SL orders got hit. The fact that SL orders are Market Orders helped the price to shoot past this area fast. Remember – Market Order means – I want in (or out) NOW! So, that’s exactly why I don’t like trading Longs when there is such SL cluster below the potential Long entry level – when there is the “weak low“ You guys liked this article? I hope you did! Let me know your thoughts in the comments below. Have a GREAT weekend and happy trading! -Dale
EUREX:FDAX1!Education
by Trader_Dale
2
Trading The Weekly Point Of Control NZD/JPY – Volume Profile 📊Hello guys, today’s day trading analysis will be focused on trading Weekly Point Of Control (POC) on NZD/JPY. Since the start of this week, the NZD/JPY was more or less just rotating. There were heavy volumes accumulated in that rotation. You can see that nicely with my Volume Profile indicator. When the volumes were accumulated it was very hard (almost impossible) to tell what was going on in that rotation. Was is Buyers getting ready for a big move? Or Sellers? But now we know. There were strong institutional Buyers who were building up their Long positions slowly and unnoticed there. Then those strong Buyers manipulated the price to go upwards. How? By using aggressive Market Orders. Those trading positions accumulated in the rotation were so huge, that this area also became the Weekly Point Of Control (POC). This means that the heaviest volumes in this week (so far) have been traded there. Exactly at 76.90. Buyers Defending the Weekly POC This weekly POC is now a very important area. The reason is that those strong institutional Buyers placed huge trading positions there. When the price makes it back into this area again in the future, then it is very likely that those Buyers will want to defend it. This zone is very important for them – they placed huge amounts of volumes there. So they will fight and try to push the price upwards from there again. This is why I think this zone will work as a strong day trading Support. This Volume Profile setup is called the “Volume Accumulation Setup” and it is especially strong when a strong trending activity starts from the Weekly POC. Like in here. I hope you guys liked today’s analysis! Let me know what you think in the comments below. Happy trading! -Dale
by Trader_Dale
1