🎯 Top Volume Profile Levels to Trade This Week on ES, USD/CHF & USD/CAD

Hey everyone, it’s Dale here, and welcome to this video where I’ll show you the strongest Volume Profile levels to trade this week. We are going to cover trades on the ES, USD/CHF, and USD/CAD. And I’ll show you my favorite setup, which is the Volume Accumulation Setup. So, let’s get to it.

Let’s start with the ES. What you see before you is the NinjaTrader 8 platform with my custom-made Volume Profile and VWAP indicators. This is a 30-minute chart of the ES, and here I want to talk about support, which is right here at 7683. Now let me show you why.

So first, check this out. There was this rotation from which strong buying activity started here. That was on Thursday. And what you want to see in a situation like this is that heavy volumes were traded in this area, in the rotation, which was followed by the trend activity. So you want to use the profile like this and check out this area. And as you can see here, we have that heavy volume zone, right? Heavy volumes.

And that tells us that buyers were accumulating their long positions before pushing the price higher. And now I’m waiting for a pullback. I’m waiting for the price to reach back into this heavy volume zone. And when it does make that pullback, then I’ll go long because I think that the buyers who were active in here, who we can see with Volume Profile here, will be active again and push the price upwards from this place because they’ll want to defend their long positions, which they placed here in this heavy volume zone.

All right, so that’s the logic behind the Volume Accumulation Setup. Right now, I’m just waiting for that pullback and will go long from there.

By the way, if you guys were wondering where I place my stop for trades like those, the stop should always go behind the heavy volume zone because the heavy volume zone is a barrier. So, the stop goes behind it. In this case, it would be in here. Okay. So, that’s the long level on the ES.

Now let me switch over to USD/CHF, and here we have the same setup. In this case, on this 30-minute chart of USD/CHF, I want to talk about this support, which is at 0.8045. As you can see, we have a similar pattern here because we have a rotation followed by aggressive buying, and that aggressive buying is really important for me.

So, what I prefer seeing is actually a Fair Value Gap, like, for example, this one from Smart Money Concepts. That really shows the aggression and strength of the buyers here. So anyways, we have that rotation, we have that aggressive buying afterwards, and now we need to see the volumes here in that rotation because we need to see the buyers accumulating their longs here, and we have them.

See, an unusually heavy volume zone was formed in this rotation, and then the price went aggressively and steeply up. So that means buyers were active here. And that means that I’ll be waiting for the pullback. When the price hits this level, then I’m going to go long because I expect those buyers from this place to push the price up again, okay? To defend their positions, which they placed in here.

And again, regarding the stop-loss placement, it should go behind the heavy volume zone, in this case here. Okay? Because the heavy volume zone is the barrier that should protect your trade, and you should trade those with at least a risk-reward ratio of one, okay? But ideally more.

Now let me show you USD/CAD. This is a 30-minute chart of USD/CAD, and I want to take a look at this little rotation, which was followed by this steep buying activity on Friday. So let me show you how the volumes looked.

This one is a bit tricky. Let me show you how the profile looked, how the daily Volume Profile looked. Okay, so this is how the volumes were distributed throughout the whole day. Now we actually have two heavy volume zones. We have this one and we have this one.

Now, the problem with the lower one, this one, is that it actually got tested. Let me move the profile a little bit so you can see it better. We had that heavy volume zone in here, in this rotation. Then the price moved away, made a pullback, the price tested those heavy volumes, and there was that reaction.

So those heavy volumes are not really relevant to me because there already was a reaction to those heavy volumes. Okay, so they are no longer relevant. But let me move the profile like this.

And what is relevant are those volumes because those volumes haven’t been tested yet. Okay, this is an untested heavy volume zone. And as you can see, from this place, this strong buying activity started. So that’s the place that I want to trade from.

So now I’m waiting for a pullback. And when the price hits this level, which is at 1.3802, I’m going to go long from there. Okay, the logic is the same as on USD/CHF as well as on the ES. Those guys should defend their long positions, which they placed here, and push the price upwards.

The exact placement of the level is right here at the beginning of this massive Fair Value Gap. This is this huge Fair Value Gap. In a bullish scenario like this, I like to trade from this place. This is a place which I consider the beginning of the bullish Fair Value Gap. So that’s why I place the trade exactly at 1.3802. Okay.

So now it’s a waiting game. We just wait for the pullback. When the price hits this level, then it’s a long from there.

Now, in this case, regarding the stop-loss placement, we can’t really place the stop behind the heavy volume zone, like in here. That would just be a couple of pips. So what I’ll do is I’ll place it below this low, right here.

Now, if you guys would like to learn my whole Volume Profile strategy from A to Z, exactly as I trade it, and also get your hands on my custom indicators, then you want to head over to my website. It is at trader-dale.com, and if you click this button, Trading Course and Tools, it will bring you to a page where you can browse my trading education and indicator packs.

Right now, we are running a special Back to School Sale, which will be ending in a couple of days, on September 11th. Until then, you can get my packs for a discounted price. You can get them separately in here, or scroll down a bit, and here’s this super discounted price at the bottom of the page where you can get all four packs together, including education, indicators, support, tech support, everything you need, for only $697.

All right, so that’s about that. Thanks for watching the video, and I’ll see you next time. Until then, happy trading.

Now, before I wrap the video up, I’d like to announce the winner of a contest we had last time. The prize of the contest was my custom-made Volume Profile and VWAP indicators for the TradingView platform. And right now, on your screen, you see the name of the person who won the contest. So, congratulations to the winner.

And what I’ll do next is I’ll do another contest for next week. The only thing that you need to do to participate in this contest is leave a comment below this video, which I’ll publish on YouTube, and next week I’ll randomly pick one person to win this set of custom-made indicators.

So that’s about that. Thanks for watching the video, and I’ll be looking forward to seeing you next time. And until then, happy trading.