Volume Profile Trading Strategy – January 2018 Trade Recap

After quite a slow December, January returned back to the usual and the number of trades went back to the average 30-40/ month.

Let’s have a look at the December trades which originate from the trading levels I publish in my daily levels table. To start let’s cover the intraday trades and then I will go into the swing trades. These monthly recaps should give you a sample of what to expect.

Intraday Trades

There were 33 intraday trades in total, including trades in the Asian session and reversal trades. Out of those 33 trades, there were 20 winning and 11 losing trades. Two trades ended around Break Even. The total pip count was +86 pips profit.

The figures above are based on someone taking all the trades (also the reversal trades) and managing them exactly as in this article: Dale’s intraday trade management

Below is a table of all the trades along with the exact values. You can go through the charts yourself and see how the price reacted to my levels. If you are familiar with the trading setups I use, then you should also be able to identify which setup I used for each of my trading levels.

*Results were generated using a Simulated Trading Account and are Hypothetical.

As you can see from the table, the levels that got hit in the Asian session worked really nicely. There were 6 winners, and only one loser (which was caused by unexpected news). All this with simple limit orders set overnight! The reversal trades which usually work really nicely in the long run ended basically around BE this month as there were only 2 winners and 2 losers.

Swing Trades

There were 7 swing trades in January. 4 were winners and 3 were losing trades – that is if somebody took all the trades and used the alternative position management method I personally use to trade the swing levels.

What’s new?

I dug into cryptocurrencies this month and did an article and a video on them.The article is here: How To Trade Cryptocurrency Like A Pro (With Volume Profile)

the video is here:

I was also analyzing the EUR/USD from a very long-term point of view and wrote an article on how to plan investment trades with the Volume Profile. You can check the article here: How To Plan Long-Term Investments With Volume Profile

 

Happy trading

-Dale

P.S – If you would like my Daily Levels so that you can start ‘Earning While You Learn,’ then check out our Advanced Volume Profile Training Course and Members Forum for more information – Click Here to Start Learning Now

P.P.S. You can check out the previous monthly recaps here:

Volume Profile Trading Strategy – December 2017 Trade Recap

December proved to be a pretty slow month as there were only 22 trades. Historically markets tend to slow down through the last half of December which can reduce the number of trades we see. Normally I stop trading the last week of December, but if market conditions change, I will stop trading earlier in the month. For that reason, I stopped trading (intraday trades) on the 18th.

Let’s have a look at the December trades which originate from the trading levels I publish in my daily levels video. To start let’s cover the intraday trades and then I will go into the swing trades. These monthly recaps should give you a sample of what to expect.

Intraday Trades

As I mentioned in the beginning, there were only 22 trades in the 18 day period of December which I was actively trading. Despite a lower number of trades, the overall win/loss ratio was pretty good as there were 15 winning and 4 losing trades. 3 trades ended up close to BE (one of them -6 pips). Total pip count was +93 pips profit.

The figures above are based on someone taking all trades. Two of the winning trades were actually against a rather large spike on the JPY. If you filtered those trades out, there is nothing wrong with doing so.

Below is a table of all the trades along with the exact values. You can go through the charts yourself and see how the price reacted to my levels.

*Results were generated using a Simulated Trading Account and are Hypothetical.

Swing Trades

There were only two “proper” swing trades during the month of December. One trade was a winner, and one was a loser. I say “proper” trades because two other levels got hit during an interest rate decision (Japan and the US). Because those trades would have been triggered by a news announcement, they would not be considered valid. Also, the one losing trade I have in my table below (USD/CAD) almost went to our profit target the last trading day of the year. I was rather fortunate because I quit this trade at the close of the year. However, if I held it according to the rules, I would have taken a loss during the NFP data last Friday.

What’s New?

I am very proud to announce that my new Flexible Volume Profile is finally completed and I was able to offer it to the members of my course as a sort of Christmas present 🙂 The profile proved to be extremely precise, fast, intuitive, and easy to use.

If you would like some more information about the profile, you can check out the new Volume Profile indicator here: TD’s Flexible Volume Profile and be sure to watch the video below first!

Happy trading!

-Dale

P.S – If you would like my Daily Levels so that you can start ‘Earning While You Learn,’ then check out our Advanced Volume Profile Training Course and Members Forum for more information – Click Here to Start Learning Now

P.P.S. You can check out the previous monthly recaps here:

Market Profile Trading Strategy – October 2017 Trade Recap

October is now over, so it is time for the monthly statistics. To begin, we will recap our intraday trades for the month of October. We will then get into our swing trading levels. If you’re interested in learning to trade using the market profile trading strategy, these monthly recaps should give a good sample of what type of results are possible.

Intraday Trades

There were 42 intraday levels hit in October. This is in line with the long-term average of 2 trades per day. There were 24 winners, 12 losers and 5 trades that ended around break-even point.

Using my Market Profile trading strategy, the member’s and I managed roughly +89.5 pips profit. October was a bit tougher than usual, as there were more situations that weren’t as clear as usual. For that reason, I decided to write a new article where I present an in-depth and very detailed break down of how I trade my levels. The statistics I make for you every month is 100 % based on those rules.

Results were generated using a Simulated Trading Account and are Hypothetical.

There are few points concerning trading in October that I would like to make:

1.) Asian Session Trades: As you probably know, I trade Asian session with simple limit orders (because I’m asleep). This strategy works in the long run, but there are times where you can make some adjustments to improve the results even further. The biggest risk when trading the Asian session is unexpected news that moves the market substantially, as well as the inability to manage your position actively. October Asian session trading was quite unlucky and overall ended up in a loss.

There were only 2 winners and 5 losers (which is nearly 50% less than the average win/loss ratio). What am I going to do about it? Exactly nothing. Even the best strategies have some up and downs and what matters is the overall results. Trading the Asian session with simple limit orders has provided many profitable months. The worst thing you can try to do is over optimize your strategy as you will soon find it’s only profitable in very select market conditions. This is a general rule I apply in my trading and one that is important to learning to trade. This way I have a robust and time-proven strategy that does well in all market conditions.

2.) Simple Limit Orders Work Great: Even though simple limit orders were slightly down during the Asian session for October, they worked really nice for the US and European trading sessions. Actually, the monthly result would be around +50 pips better if I took all the trades just with simple limits and no position management at all! This is in line with the long-term statistics on limit orders that Vladyka (part of my community of forex traders) kindly made.

3.) Reversal Trades: A lot of trades that ended up as a loss, worked really nicely if entered as a reverse position on the pullback. This is something I have been testing and trading for a while as I believe you should always be looking for ways to improve your trading. I will be watching and trading those situations more actively moving forward. Here is a video I made for you to make the “reverse trading strategy” more clear:

Swing Trades

Using the normal position management for swing trading, we ended up with 3 winners and 1 loser as you can see listed out below. While the number of trades is rather low, the quality was high. This is a critical point as too often traders focus on the number of trades they are getting rather than the quality. Almost without exception, traders don’t lose money because they took too few trades, they lose money because they took far too many trades. Analyze your own trading to see if this rule holds true for you as well.

While there is nothing wrong with taking more trades if there were more we would have taken them. What I’m getting at is don’t compromise on the quality of the setup just because you want to increase the number of trades taken. This is a recipe for disaster!

What’s New

One of the biggest things is a new version of the Trader Dale’s EA (v2.31)!!! It has dramatically improved the Red News Filter, added Automatic Lot Calculations, fixed some other smaller bugs, and added/reworked some new cool features! For those of you who are member’s, be sure to give us your feedback!

I have also started doing the Recent Trades Section in a more educational format so you can learn not only what trades I took and how I managed them, but also why I took the trade. If you’re still learning use market profile, then this section will serve to be a huge resource. Please feel free to leave us feedback on this section, by using the comment feature at the bottom of each post.

Big News!

For a long time, I really wanted my own Custom Market Profile Indicator for Ninja Trader (NT) with all the cool features that other profiles were missing. Now, I have a true NT expert to do the job. In fact, he is one of the best professionals in this particular area! The profile isn’t done yet, and it will still require some time to finish and test. Once it’s finished (very soon) I will do a complete write-up and video to detail the features. I think you’re all in for a treat!!

So, guys, that’s it! I hope you had a successful month as well, and I am looking forward to trading with you in November!

Happy trading!

-Dale

P.S – If you would like my Daily Levels so that you can start ‘Earning While You Learn,’ then check out our Advanced Market Profile Training Course and Members Forum for more information – Click Here to Start Learning Now

Market Profile Trading Strategy – September 2017 Trade Recap

Hello guys,

September is over so it is time for the monthly statistics. Let’s start with the intraday trades:

INTRADAY TRADES

There were 38 trades in total, which is in average roughly 2 trades per day. There were 24 winning trades, 10 losing trades and 4 trades that ended around break even. The overall result was +124 pips profit.

If you look at the equity curve you can see that there were 2 very nice winning streaks at the beginning and end of the month. The middle of the month was rather flat. You can see how important it is to take all the trades and not miss any period. If you, for example, missed just 3 days (27.9. – 29.9.) you would miss 6 winners in a row, which would really be a shame.

I am glad that asian session trades work really great even with simple stupid limit orders. There were 6 trades in asian session, 5 winners, and only one loser this month. This one loser was caused by unexpected news from North Korea (shame on you Kim). When I first started trading asian sessions I was a bit afraid because I wasn’t at my computer (asian session is when I sleep) and wasn’t able to watch the charts. Therefore, I had absolutely no control over my asian session trades. It took some time to gain confidence in trading like this but in the end, it is totally worth trading asian session this way. Asian session is usually calmer and doesn’t have too many news. For that reason, market reacts really nicely to key levels and very rarely runs through them.

Again, it proved pretty crucial to have a solid broker with tight spreads. There were some trades that would only be winners with tight spreads. If you are still struggling with your broker you may consider switching to one of my recommended brokers.

Here is a table and equity of all September intraday trades:

Results were generated using a Simulated Trading Account and are Hypothetical.

SWING TRADES

There were only 3 swing trading opportunities this month. My first level on aud/nzd got tested just a tiny bit sooner which is a shame since there was a really nice reaction to it. My first eur/gbp long level was a pretty quick loss. The market went straight through this strong long level and there was basically no way to prevent or avoid a loss there. After that, my swing trades went pretty smoothly with two winning trades on eur/gbp and aud/cad.

* I am using the ALTERNATIVE STOP LOSS APPROACH for my swing trades.

SUMMARY

After quite a tough August, September was a pretty good month. Sometimes a bit slow with not as many levels as usual but still the overall result was pretty nice.

Happy trading!

-Dale

PS. If you would like to trade with me every day, you are very welcome to join me here: DALE’S PRO FOREX COURSE

Market Profile Trading Strategy – August 2017 Trade Recap

Hello guys,

August is now over and I can say it was a bit of a tough month to trade. Let’s have a look at the statistics:

INTRADAY TRADES

There were 47 trades in total. 27 were winners, 17 losers and  3 ended around break even. My overall result was +62 pips profit. I am pretty happy about this because the whole month was pretty tough to trade and most of the time I was circling around break even. As the month was getting near its end my levels started to work better and better until all went back to normal. Right now I am in the middle of winning streak of 14 successive trades in a row which is pretty cool.

3 Points to Consider

  1. Even the best trading strategies have drawdowns or periods where they are break even. I am not trying to say that this month ended up bad because a +62 pip profit is good. The reason I say it was a tough month was more of a comparison to the average month. What I want to say is that even though this month was pretty tough, I and members of my Trading Course were able to make money in the end! Being able to survive and make a nice profit even during a tough month is a clear sign that you have a versatile trading strategy.
  2. Summer months tend to be harder to trade than the rest of the year. This was also proven by this July and August. Both of them ended up in profits but trading itself was more difficult and the profits weren’t that big as usual.
  3. During tougher trading times, it is important to keep calm and stick to the strategy. If you have a proven trading strategy, you have to trade through any drawdown or you might miss the upside growth that would have turned the month around. So, the best thing to do when struggling is to keep going and change nothing. If you would, for example, halve your risk per trade in the middle of this month after you recognized you are struggling, you may end up missing the best part of the month and turn what should have been a profitable month into a losing one! So if you struggle – keep going provided you have a strong and time-tested trading strategy.

Here is a table and equity of all August intraday trades:

Results were generated using a Simulated Trading Account and are Hypothetical.

SWING TRADES

There weren’t many swing trade opportunities this month. I expected that because of the slow Summer months. There were 3 swing trades in total and all ended up in a profit which was pretty nice. There was one trade that I didn’t take (AUD/NZD) because of 73 pips reaction that came 10 pips sooner. For that reason, I considered this level already tested. The 2nd test would be a loss.

Here is a short table of the swing trades I took.

* I am using the ALTERNATIVE STOP LOSS APPROACH for my swing trades.

WHAT’S NEW?

I have a new Twitter account where I already started commenting on some trades in progress and other trading stuff. Check it out here: DALE’S TWITTER

There is a new section in my member’s forum called “Member’s levels,” where the members share their own trading levels and ideas. It is running pretty nicely and the guys are doing really good job on finding their own levels on many different FX pairs.

I also published some FREE EDUCATIONAL VIDEOS this month. Check them out here:

Market Profile Webinar

CHF/JPY Long-Term Analysis

Daily Levels Commentary for 1.8.2017

Daily Levels Commentary for 31.8.2017

SUMMARY

August 2017 was the 12th month since I started publishing my trading levels. So far not a single one of these 12 consecutive months was a losing month!

You can check some of the trades I took here: MY RECENT TRADES, and also on my Twitter here: TWITTER

Happy trading

-Dale

PS. If you would like to trade with me every day, you are very welcome to join me here: DALE’S PRO FOREX COURSE