Trader Dale Volume Profile

BONUS: How I manage my intraday trades
If there is a really sharp and precise reaction – for example, 5 pips reaction exactly at my level
within the first 1-2 minutes, I usually secure my position sooner (when +7 pips in open profit).
The reason is that this sharp reaction shows me that this is the reaction I was waiting for and the
aggressive buyers/sellers that I wanted to see there really are there and now they have made
themselves apparent. If the price should go back to the reaction point of this strong rejection it
would mean that the counter move is too strong and that my position most likely won’t end up
in a profit. That’s why I secure my position this way. Generally speaking – if strong reaction point
gets breached – the counter move is too strong and you better quit your trade. Check out this
illustration of strong reaction at 1.2715 short level:
Tested levels
If the price comes close to a level and makes a strong reaction I consider the level already “tested”
and I discard it. Like many aspects of trading that cannot be made 100% mechanical, determining
whether or not a level is tested will take some time and practice. This is where having the help of
the member’s forum is also a huge benefit as you’re able to go over trades as a group. For the
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