Trader Dale Volume Profile

Price Action
opportunity. The price is starting to go up rapidly. You want to be part of this, and you really
want to enter your position. However, this is happening too fast. To make sure you will be
able to jump into the new trend – you need to enter the trade with MARKET ORDER. You need
to be aggressive. This is a demonstration of what will happen:
Because your position is pretty big, it won’t be filled all at once. It will get filled fast, you will
be able to enter the whole position, but the position will get split as the price moves upward
quickly. It is the aggressive market participants, who drive the price aggressively up or down
with their market orders. This is the true reason why the price moves.
There is much more to this topic, but to understand the basic concept, it should be enough.
Remember: it is the aggressive buyers/sellers with their aggressive market orders who drive
the price up or down. I will be talking about aggressivity or aggressive buyers/sellers quite
often in this book. Every time I do, and you won't be sure what I am talking about, just
remember the example of you being hedge fund trader who is entering the quick market with
1 000 lots.
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