Survive & Thrive in Volatile Markets – Pro Trader Tips From Our Live Trading Room

Hello everyone, it’s Dale here. Welcome to the new weekly trading ideas video. Today, I’m going to talk about three trading ideas. The first one is going to be on the GBP/USD, the next one on the USD/JPY, and the third one on the USD/CHF. So let’s check them out. But before that, just a very, very quick note about a sale I’m currently running. It’s an Easter sale, and if you go to my website, trader-dale.com, and click the button there, it will take you straight to the Easter sale.

During the sale, you can get my best educational and indicator packs—Volume Profile, Order Flow, VWAP, and Smart Money Pack—at a discounted price. You can even get all of them together at the bottom of the page for a massively discounted price—all of them together for only $697.

All right, so that’s the special Easter sale. Let’s now take a look at the trading ideas.

What you see before you is the NinjaTrader 8 platform and a 30-minute chart of the USD/CHF. Now, the trading idea I want to talk about is this one. The price is very close to it, so I hope you guys will be able to catch this level before the price reaches it. The level is at 0.8110, and it is based on strong rejection—this rejection of higher prices. If you look into the volume distribution in that rejection, you can see this heavy volume activity very close to the place where the price actually turned from buying into selling. This is showing us a place where sellers were active and rejected the higher prices. So what I think is that when the price reaches the beginning of that heavy volume zone—this level—there’ll be another reaction, a reaction from those sellers defending this place, which is clearly important for them. I think they’ll push the price downwards from there.

What I also like about this level is that there’s a fair value gap highlighted in red—this one and this one. When there are two like this very close to each other, I look at it as if it were one huge fair value gap. By the way, fair value gap is a concept from Smart Money trading, and I like to combine it with Volume Profile. Right here, this is the beginning of the fair value gap as well as the beginning of that heavy volume cluster. I have a limit order set here at this level and am waiting for it to get triggered.

So, that’s the idea for USD/CHF. Let’s check out the next trading idea, which is on GBP/USD. This is the GBP/USD 30-minute chart. We have a strong uptrend, and when there’s an uptrend like this, I want to trade pullbacks to heavy volume zones. If I do this, you can see how the volumes are distributed in this area. I can also use the Volume Profile like this—it doesn’t matter too much how you use it; it always points to the heavy volume zones.

Let me leave it like this. As you can see, it points out this heavy volume cluster. Those are significant volumes formed around this price level, and afterward, there was strong buying activity—the trend continued. So what I want to do is wait for the price to come back to the beginning of this heavy volume cluster, and then I want to go long. I think the buyers from this area will want to defend this place and push the price upwards again.

This is a rotation where the majority of the volumes were accumulated. Then there was this strong buying activity, and I want to trade the pullback to the beginning of that rotation or heavy volume zone, and go long from there. As you can see, we also have two fair value gaps here, which add strength to the level, as well as the weekly VWAP—that’s the yellow line beginning here, and right now it is around our level, so that also adds strength.

That’s the level. Currently, I’m just waiting for the pullback, and if it occurs, I’m going long from there.

All right, so that’s about GBP/USD. The next trading idea is on USD/JPY. On USD/JPY, this is a very, very similar scenario. We have a trend—in this case, a downtrend. Within the trend, we have a significant volume zone—this one. In this case, I don’t have the level at the beginning of the heavy volume zone, which would be here, but I have it at the beginning of the huge fair value gap right here. The fair value gap is highlighted in red. This is the fair value gap—a huge one. You can see how aggressive the sellers were after they accumulated their volumes. This is the aggressiveness of the sellers. That’s what the fair value gap is showing us.

So when there’s a pullback to that level—the beginning of the fair value gap and also the heavy volume zone—then chances are there’ll be a reaction. The same logic as on GBP/USD: this heavy volume zone represents sellers, and those sellers should defend this place.

Also, very similarly to GBP/USD, we have a weekly VWAP here, which is great—it’s another thing that adds strength to the level. However, it’s currently at the level, and at the time of the pullback, it will probably be a little lower because the volumes are shifting. The price is below the level, so the VWAP is moving downward like this. It’s likely that at the time of the pullback, the VWAP won’t be around. Still, this should be a pretty strong level to trade from.

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

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

That’s it. Thanks for watching the video. I’ll be looking forward to seeing you next time—and until then, happy trading.