Trader Dale Volume Profile

Market analysis from A to Z
When you have your trading levels created it is also good to check whether there is a weak
high/low in the proximity of your level. The same goes for a failed auction (both described earlier
in this book). You need to be aware of these and avoid placing your entry levels near them.
After all, this is done, you only need to stick to your trading plan and execute all your trades
perfectly.
Swing trading and long-term investment analysis
Planning your swing trades and your long-term investments is basically the same as doing the
intraday analysis. In fact, it is a bit easier. The reason is that in most cases you can skip the first
step (checking the macroeconomic calendar) and also the second step (analyzing the overall
trend). The reason for that is that swing trades and long-term investments have much wider SL
area and therefore the volatility caused by macroeconomic news usually won't endanger your
trade (the exception is central bank-related news which can endanger your swing positions).
You also don't need to pay attention to the overall trend because swing and long-term investment
levels are strong enough to change the course of a strong trend. Below is an example of a long
swing trade I took recently on the AUD/USD (Daily chart):
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