🎯 Top Volume Profile Levels to Trade This Week (+📘 NEW BOOK GIVEAWAY!)

Hello everyone, it’s Dale here. Welcome to the next weekly trading ideas video!

Before we jump into the charts, I’d like to share some big news with you. I’ve just released a new book called The Insider’s Guide to Prop Firm Trading. This book focuses on prop firms, how to get funded, and how to trade with other people’s money. But it will also teach you how to treat your trading like a proper business and how to trade like a professional.

Check it out! If you go to the link I’ll provide below this video, it will take you to the page you see on your screen now. On this page, you can download the ebook for free—just enter your name and email address, hit the subscribe button, and we’ll send you the book via email. You can also get a printed version of the book right here. There are a couple of links that lead to Amazon, where you can get either the paperback or hardcover version.

So that’s the big news! I really hope you guys enjoy the book. Let me know what you think, and now let’s jump into the charts.

Alright, so what you see before you is a chart of gold. Today, I’d like to focus mostly on gold because it has been in a strong uptrend over the last week, and I think it gives us a great opportunity to participate in that trend. This is the uptrend I’m talking about. By the way, we are looking at a 30-minute gold chart.

In this uptrend, what I want to trade from are pullbacks to heavy volume zones. That’s what I do when there’s a trend. The simplest way to identify those heavy volume zones is to use the Flexible Profile over the entire trend area like this—it will show you the most important price levels on the chart. If you look at the volume profile and the volume distribution within this uptrend area, you’ll see a few heavy volume zones. There is one large heavy volume zone and another at the beginning of the uptrend.

Starting with the first one, the beginning of this heavy volume zone is here. My level is slightly below that—this is the support at 29 54.5. This heavy volume zone highlights a place where buyers were adding to their long positions before pushing the price aggressively upwards. You can see the aggressiveness of the buyers by looking at the fair value gaps, which are highlighted in green. When fair value gaps appear close to each other, like these two, I view them as one large fair value gap.

Fair value gaps come from Smart Money trading concepts, and I like to trade from the beginning of a fair value gap, which is here. That’s why my level is positioned exactly at this spot—it marks the beginning of the fair value gap and the start of the aggressive move. Combine that with the volume profile, and you have a strong support level to trade from. Now, we just need to wait for a pullback, and if it occurs, we take it from there.

Just below this volume cluster, there’s another one. This one has already been tested because after the volumes formed here, there was a pullback and reaction. Since it has been tested, I am not interested in trading from it. However, the previous volume zone hasn’t been tested yet, which is why it remains relevant while this one does not.

Moving on to the next major volume cluster—this is the weekly point of control. If I remove this profile for a moment and look at the volume distribution over the previous week, you can see that this is where volumes were the highest. It’s the weekly point of control, and from there, we saw strong buying activity. Buyers were accumulating long positions here before aggressively pushing the price upwards, making this an important level for them.

The beginning of this heavy volume zone, as well as the fair value gap highlighted in green, is right here at 29 24.5. This is my level, and it represents strong support. If the price hits this level, there’s a good chance of a strong reaction. The reason is simple: the buyers who built their positions here—visible on both the weekly and flexible profiles—are likely to defend this area and push the price up again.

Now, the third level at 28 94.5 is based on the point where this strong uptrend originally started. As you can see, there was a heavy volume zone here. As the price dropped, buyers stepped in, started buying aggressively, and reversed the sell-off into a new uptrend. This zone is important because it marks where significant buying orders were placed. The level is positioned at the beginning of the heavy volume zone as well as the start of the fair value gap.

Notice that all my levels align with the beginnings of fair value gaps: one here, another here, and another here. And, of course, they always combine with the volume profile. That’s my favorite trading combo—volume profile and fair value gaps.

The ideal scenario would be a pullback to the first support level with a reaction, then a pullback to the second support level with another reaction, and finally, a pullback to the third support level with a reaction. I don’t know if or when the pullbacks will occur, but if they do, there’s a solid chance of a reaction.

That’s it for gold! The symbol you see here is for gold futures. If you are trading on a Forex platform, the symbol may be different—most likely, it will be a CFD. You may need to recalculate the levels and find them on your charts, as the values may differ slightly from futures. However, since futures, spot prices, and CFD prices are 100% correlated, the charts should look identical.

Now, let’s move on to the next trading idea.

The next one is on NZD/CHF. You’re looking at a 30-minute time frame of NZD/CHF, and here, you can see a strong uptrend from Friday. If I apply the volume profile the same way as I did with gold, it reveals a heavy volume zone within the uptrend. This volume zone hasn’t been tested yet, making it a great level to trade from.

When there is a pullback to the beginning of this heavy volume cluster at 0.5062, there is a good chance of a reaction. Additionally, there’s a fair value gap highlighted in green, which strengthens the level since it shows the aggressiveness of buyers.

Beyond the fair value gap and volume profile setup, we also have a price action setup. Extending this line, you can see a strong past reaction to this level, indicating that it was a resistance. When the price broke through, resistance turned into support. Combining price action, volume profile, and fair value gaps creates a strong trading setup. If the price pulls back, we expect a reaction.

Now, let’s move on to NZD/CAD.

For NZD/CAD, we’re again looking at a 30-minute chart. Here, we see a strong rejection of lower prices. This signals that large players stepped in, placed significant orders, and reversed the selling pressure into an uptrend. The key zone in this rejection is this heavy volume cluster, as it marks where buyers were most active before pushing the price up aggressively.

If the price pulls back, there’s a strong chance that buyers will step in again. There’s also a fair value gap reinforcing this level, indicating strong buying activity. The level is set at 0.8193. If a pullback occurs, we take it from there.

If you’re interested in learning more about volume profile trading, head over to my website, Trader-Dale.com. Click the Trading Course and Tools button, and you’ll find my trading education and custom-made indicator packs. There’s the Volume Profile Pack, the Order Flow Pack, and the VWAP Pack. If you want all three, you can get a discounted bundle.

If you’d like to join me and other prop traders in the live trading room every day, click the FTA button—it stands for Funded Trader Academy. You can book a one-on-one call with us to see if it’s the right fit for you.

Before wrapping up, I’d like to announce the winner of our last contest! On your screen, you see the name of the person who won my custom Volume Profile and VWAP indicators for TradingView.

For the next contest, just leave a comment below this video on YouTube, and I’ll randomly select a winner next week!

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