Trade Recap: Volume Profile & VWAP Trades This Week

Hello, everyone. It’s Dale here with a new video. Today, I’d like to talk about the trades that I discussed on Monday, which were published on my website in the market analysis section. This is the latest video, and the trades I mentioned here were on AUD/USD, USD/JPY, and CAD/JPY. Those were the pairs where I made predictions, and all of those levels were hit. So, I’d like to give a little recap of those trades, and you can compare the outcomes with mine. Let’s go over the trades.

Let’s start with the AUD/USD. This is the AUD/USD 30-minute chart. The level we had was based on this heavy volume zone marked by the blue line. This was the short level. Maybe you remember in the video, I said it would be extremely risky if the market moved aggressively towards the level. I warned about this scenario, and exactly that happened. This very aggressive buying activity went through the level, and because of that, I didn’t trade the short from there. I also mentioned in the video that if the market moved aggressively past the level, you could wait for the price to come back to the level and take a long position from there. Now, I need to go to the one-minute chart to show you in detail what happened there.

So again, the blue line marks the level, and this time, it’s on the one-minute chart. This swift movement shows the price going past the level, which I warned you about. If you remember from the video, I suggested taking the pullback and a long from the same level, which would be from here. This would have been a winning trade, but this candle was caused by macro news directly affecting the USD, so I didn’t trade this. However, if it wasn’t hit during the macro news, I would have taken it, and as you can see, the reaction was very nice and swift, so it would have been a winner.

Alright, that’s for the AUD/USD. In the end, I didn’t have any trade here, but if you traded short from here blindly, despite my warning against such a swift move, it would have been a losing trade. Now, the other trades were much simpler than this one, so let’s move on to the next one.

Let’s go to the USD/JPY. Here, you’re looking at a 30-minute time frame of the USD/JPY. The level we had was based on this heavy volume zone, marked by this line. Those heavy volumes were accumulated here, so the trade was short from this place. It was a beautiful trade and nicely aligned with the first deviation of the weekly VWAP at the time the price hit the level. A beautiful combo of two trading setups: VWAP and volume profile, right here. That was the reaction, a very easy trade to take. I hope you guys traded this the same way and took a nice profit there.

Now, the next two trades were on the CAD/JPY, so let’s check them out. This is a 30-minute chart of the CAD/JPY. The level was similar to the USD/JPY, in terms of the logic behind it. We had a significant volume cluster within a trend, so this was the level. Here, we also had the first deviation very close to that level at the time of the pullback, which added strength to our level. This is where the price hit the level, overshot a bit, but the stop loss was above this swing point, so it was still fine. This was the reaction, making it a winner.

The second one was based on heavy volumes formed here. These heavy volumes marked the beginning of that heavy volume zone, with a very nice and precise reaction here. So, those are all the levels we had that got hit. The AUD/USD was tough and depends on how you traded it, but the rest were pretty clear. USD/JPY was a nice winner, and CAD/JPY had two nice winners.

I hope you guys traded these. If you’d like to learn how to pick such levels yourself, then go to my website, Trader-Dale.com. Click on “Trading Course and Tools” and it will take you to a page where you can browse my trading tools and indicators. At the top, there’s the Volume Profile Pack, which will teach you everything about volume profile trading. Below that is the Order Flow Pack, focusing on day trading with order flow, and below that is the brand new VWAP Pack, focusing on trading with VWAP and anchored VWAP. If you’re interested in getting all three together for a discounted price, scroll down further, and you can get all three packs together for a discounted price.

Alright, that’s all for now. Thanks for watching the video, and I look forward to seeing you next time. Until then, happy trading!