Trader Dale Volume Profile

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Money management Let’s say that you are willing to risk 2% of your entire account balance per trade. Therefore, if you have a $10,000 account, you risk $200 per trade. The key is not to lower the risk during a drawdown. This would result in a much longer process of digging out from under the losses. So, you risk the 2% of your account at the beginning of the month and only adjusting the number up when you set a new ‘high water mark’ for the ending account balance. As an example, if the account goes down to $9,000 then you would keep the risk the same. If however, you end the month with $11,000 in the account then you made a $1,000 profit. You would then set your 2% risk based on the new high water mark. Correlation Sometimes it happens that there is a very similar level at two (or more) heavily correlated forex pairs or other trading instruments. If you see that price is approaching both of the similar levels and that it will most likely hit both of them at the same time, it is better to lower volume in the positions you are going to enter in order to lower your risk exposure. If you don’t lower the volume of your positions, you are be betting too much on highly correlated trades. These trades will probably end up the same way (all in profit or all in a loss). This way you enhance your risk exposure, which is pretty dangerous. Below, you can see an example of two visually very similar trading levels. One is on AUD/USD, the other on EUR/USD. There is pretty strong selling activity and it is evident, that it is USD driven (USD is strengthening and that's why both pairs go downwards). Both long levels get hit almost at the same time. The USD is getting more and more strength, both long levels don't get respected at all and they both end up as a losing trades. 129
Money management If you used your standard trading volume in both cases, then you would have two full losses. With half positions, your losses would only be halved. 130
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Risk Disclosure Futures and forex t
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Volume Profile ....................
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Position management ...............
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Gap at market open ................
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Introduction My first tangible succ
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Price Action Price Action Price Act
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Price Action Who moves the price? E
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Price Action If you use for example
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Price Action Let me now show you a
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Price Action Strong initiation area
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Price Action As you can see, there
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Price Action There are some really
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Price Action The first one is an EU
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Price Action aggressive sellers, th
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Price Action There are some cases w
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Price Action Step 1: Use the Fibona
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Price Action Bearish AB = CD (EUR/U
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Price Action Strategy 5: Daily Open
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Price Action position. I am basical
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Price Action Strong high/low Formin
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Price Action Remember that you are
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Price Action Weak highs/lows are pl
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Price Action The reason market tend
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Price Action The failed auction is
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Price Action If you are a swing tra
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Volume Profile Volume Profile Why a
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Volume Profile I don’t really see
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Volume Profile If you prefer doing
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Volume Profile balance and neither
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Volume Profile “b-profile“ Its
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Volume Profile Not all the Volume P
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Volume Profile Currently, I am usin
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Volume Profile Now you know in whic
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Volume Profile Let me now explain t
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Volume Profile When somebody who is
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Volume Profile The volume cluster c
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Volume Profile Below you can see a
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Volume Profile Volume Setup #3: Rej
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Volume Profile If there is a reject
Page 80 and 81: Volume Profile Important notice: An
Page 82 and 83: Finding your style Stop-loss and Pr
Page 84 and 85: Finding your style Stop-loss and Pr
Page 86 and 87: Finding your style Forex brokers us
Page 88 and 89: What instruments to trade? What ins
Page 90 and 91: What instruments to trade? So, my a
Page 92 and 93: What instruments to trade? Steps to
Page 94 and 95: What instruments to trade? USD/JPY
Page 96 and 97: What instruments to trade? The cryp
Page 98 and 99: Macroeconomic news The end of the s
Page 100 and 101: Macroeconomic news There are ways t
Page 102 and 103: Macroeconomic news Examples of "Wea
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Page 106 and 107: Macroeconomic news will often have
Page 108 and 109: Macroeconomic news Tip #8: When to
Page 110 and 111: Macroeconomic news Tip #10: Adjust
Page 112 and 113: Market analysis from A to Z This wa
Page 114 and 115: Market analysis from A to Z In the
Page 116 and 117: Position management In the picture,
Page 118 and 119: Position management Volume-based St
Page 120 and 121: Position management Volume-based St
Page 122 and 123: Position management Let me give you
Page 124 and 125: Position management With 10 pip Pro
Page 126 and 127: Money management Money management M
Page 128 and 129: Money management There is one more
Page 132 and 133: Trading psychology Trading psycholo
Page 134 and 135: Trading psychology Good losing trad
Page 136 and 137: Trading psychology What I call the
Page 138 and 139: Trading psychology statistics from
Page 140 and 141: Trading psychology your lost capita
Page 142 and 143: Backtesting & getting started to lo
Page 144 and 145: Backtesting & getting started In th
Page 146 and 147: The 10 most common trading mistakes
Page 152 and 153: BONUS: How I manage my intraday tra
Page 164 and 165: Real trades Real trades Now you sho
Page 166 and 167: Real trades Volume accumulation tra
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Page 170 and 171: Real trades Trend setup trade #3: T
Page 176 and 177: Real trades Trades based on Setup #
Page 178 and 179: Real trades Rejection Setup trade #
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Real trades Reversal trades Reversa
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Real trades This time I didn’t se
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Real trades Reversal trade #6: Reve
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Real trades Swing trades based on S
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Real trades Swing trades based on S
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Accelerate Your Learning Accelerate
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Accelerate Your Learning community
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Just a few testimonials on the cour
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Just a few testimonials on the cour
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Trader Dale Volume Profile

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