Inside Our Live Trading Room: See How We Trade EUR/USD in Real Time!

Hey everyone, it’s Dale here! I wanted to give you a little sneak peek into our live trading room, where I and other prop firm-funded traders trade live every day. We also teach our students how we trade and how they, too, can become prop-funded traders.

In this snippet from yesterday’s room, I’m trading the EUR/USD using the Volume Profile. I comment on the trade as it develops, and towards the end of the video, I’ll also show you a neat little trick you can use in your trading. So make sure to watch until the end. Here we go—enjoy!

That trade on the EUR/USD is a pretty nice-looking one, actually. Based on the volumes here, there was also a fair value gap right in this area. The beginning of the fair value gap is where I entered the trade. Now we have a nice little pin bar here, and I’ll trade it with a risk-reward ratio of 1:1. That means the trade entry is here, the stop loss is here (above this swing high and also behind this heavy volume zone), and the take profit is here in this heavy volume zone. It’s a good place since it aligns with the risk-reward ratio of 1:1.

There are currently no major news events, so nothing that might make the market act crazy or weird. I really like that pin bar on the 30-minute time frame, so let’s see how this plays out.

Back to the chart—it’s looking good. In a moment, I’ll secure the position on the EUR/USD. What I’ll do is move the stop loss here; this will be the new stop loss. I’ll do that very soon, as soon as the price goes just a little lower, somewhere around here. Then I’ll secure the position because this is a strong high and it should hold. This pin bar should hold. If the price goes past this point, it would become a bit of a risky trade.

Since the price is making this little reaction here, I’m deciding whether to secure the position now or wait a bit. I’m just looking at how big the reaction is. If the reaction were slightly bigger—like if the price had turned here—it would be easier for me to decide whether to secure the position or not. Right now, it’s a tough call.

I’ll leave it for now. We’re in a downtrend, so I’ll be a bit more aggressive with this one and won’t secure the position just yet. I believe in the chart and that there will be a bigger reaction here.

If you want to jump in, I think you still can. I entered at 0.24. It’s looking good. There’s some aggressive selling now, so I’ll secure the position here. I don’t want to risk it anymore.

People often ask me why I don’t secure the position to break even since everyone seems to do that, right? In my experience, when you do that, you often get kicked out. The price tends to go back to that break-even point or to where the liquidity was, testing those heavy volumes again before making the reaction. A couple of years back, I noticed this pattern and started securing positions at reaction points instead. This lets the trade breathe a bit more. It’s not as safe as securing to break even, but it works better—at least for me.

Okay, the position is secured. Oh boy, let’s see what happens on the EUR/USD. We have one pin bar this way, another pin bar that way—that stinks. Let’s check on the EUR/USD. Well, let’s leave it as it is and see how it plays out.

All right, we have a nice little profit here on the EUR/USD. There’s one thing I wanted to talk about. Oh, yes—this little comment I made here. Those levels, or potential levels… Let me move the profile. This part of the rotation was the Asian session, and I often don’t give it too much weight. That’s why I thought the price would likely shoot past it, take the liquidity above it, make a pullback, and then reverse. I’ve seen this scenario so many times. That’s why I placed this little comment here.

To repeat: a weak high and volumes formed within the Asian session created a potential level. Very often, the price goes past it, makes a pullback, and gives you an opportunity to go long from there. Let’s see how it plays out.

Hello again—this is a follow-up on that comment from yesterday’s room. This is the EUR/USD 30-minute chart, and this is the scenario I was talking about. These are the volumes, and this is the level I mentioned. As I predicted, the price shot past that level, taking out the liquidity above this weak high. Then, as often happens, the price made a pullback exactly to that level.

This is no coincidence—I’ve seen this happen quite regularly. The price reacted exactly at that level. Let me remove the drawing so you can see it better. The price went past the level, made a pullback, and that was the long trade entry, just as I explained in the room yesterday.

All right, that’s it for this trade. If you’re interested in joining us, head over to my website, Trader-Dale.com. Click the button that says “FTA” and it’ll take you to the Funded Trader Academy page. There’s a video where I explain everything in more detail, and you can book a one-on-one call there. We’ll chat and see if this service is right for you.

Thanks for watching, and I’ll see you next time. Until then, happy trading!