🎯 Top Volume Profile Levels to Trade This Week – 20th January 2025

Hello everyone, it’s Dale here with a new weekly trading ideas video. What you see before you is the NinjaTrader 8 platform with my custom-made Volume Profile and VWAP indicators. The chart in front of you is the ES, which represents futures for the Standard & Poor’s 500 Index. It’s a 30-minute chart, and what I want to talk about here is a support level that formed right here. The support is at 5,999 and is based on this small volume cluster—this little volume bump that formed during this rotation.

If you look at the volumes here, they are not very heavy, but what’s important is that from this zone, strong and aggressive buying activity started. That’s what makes this small volume cluster significant. After this cluster, we see aggressive buying activity, which tells us that buyers were active here in this rotation. So, when there’s a pullback, it’s likely that buyers will become aggressive again and push the price upwards from this zone. Additionally, there is a Fair Value Gap here, a concept from smart money trading, and the level corresponds to the beginning of that gap. All we need to do now is wait for the pullback. If it occurs, then we can take it from here.

Now let me move to AUD/USD. Here, you’re looking at a 30-minute chart, and there’s a support level at 0.6168. This support is based on a strong rejection of lower prices, which tells us that sellers were pushing the price downwards until buyers stepped in, reversed the price, and pushed it aggressively upwards. You can also observe how aggressive the buyers were by looking at the large Fair Value Gap here, which highlights the intensity of the buying activity.

The level I’ve marked is based on the Volume Profile. If you look at the profile around this rejection of lower prices (zooming in a bit), there’s a small volume cluster near the point where the price reversed. While the volume cluster is not very strong, its placement at the reversal point makes it significant. This zone marks where buyers were active in reversing the price from a selloff to new aggressive buying activity. If there’s a pullback, chances are there will be a reaction.

A little below this, there’s another support level at 0.6159. This level is based on heavy volumes formed before the strong buying activity here. These heavy volumes represent buyers, and if the price revisits this level, it’s likely we’ll see another reaction. The ideal scenario would be a pullback to the first support for a reaction, then a pullback to the second support for another reaction. If I get stopped out at the first level, I’ll enter at the second one.

What I also like about the lower level is that the price has reacted to it in the past. It acted as a resistance here, here, and here before it was broken and turned into support when the price moved past it. This provides nice confluence with the Volume Profile.

Now let’s move on to EUR/USD. Yesterday, I published a level for members of our trading course. It was based on a heavy volume zone formed during a strong rejection, and we saw a nice reaction to that level. Additionally, I had another trade based on a rejection at a heavy volume zone, which I also published for our members. These rejections on AUD/USD and EUR/USD demonstrate how effective these setups can be.

Next, let’s switch to AUD/CHF. Here’s another rejection, and you can see that it triggered strong buying activity. There’s a large Fair Value Gap highlighted in green, with the beginning of the gap marking the level I’ve set at 0.5645. Using the Volume Profile to analyze the rejection, you’ll notice a prominent volume zone here. It aligns perfectly with the Fair Value Gap, making this level a high-probability trade opportunity. Now we just need to wait for the pullback. If the price reaches this level, we can look to go long.

If you’re interested in learning more about Volume Profile trading, head over to my website at Trader-Dale.com. Click the button labeled “Trading Course and Tools” and it’ll take you to a page with three trading and indicator packs: the Volume Profile Pack, which focuses on Volume Profile trading; the RLow Pack, which focuses on day trading with Order Flow; and the Smart Money Pack, which teaches a powerful smart money trading strategy. If you want all three packs at a discount, you’ll find that option at the bottom of the page.

If you’d like to trade with me and other prop firm traders every day in a live trading room, click the button labeled “FTA” which stands for Funded Trader Academy. On the page, you’ll find a video where I explain everything in detail. If you’re interested, you can also book a one-on-one call to decide whether this service is right for you.

Before I wrap up the video, I’d like to announce the winner of last week’s contest. The prize was my custom-made Volume Profile and VWAP indicators for the TradingView platform. On your screen now, you’ll see the name of the winner. Congratulations! For the next contest, all you need to do is leave a comment below this video on YouTube, and next week, I’ll randomly pick another winner for the same set of custom-made indicators.

Thanks for watching the video! I look forward to seeing you next time. Until then, happy trading!