Trader Dale Volume Profile

Price Action
There are some cases when the open-drive is created by some macroeconomic event. It is
pretty common actually. The usual scenario is a market in a sideways price action suddenly
turning into a strong trend market. It doesn't really matter whether the strong initiative
movement is caused by macroeconomic news or not. I consider it strong support/resistance
area regardless of what was the cause of the open-drive.
Strategy 3: AB = CD
This strategy is a bit different from all the other strategies that I use.
The reason is that it is based more on market psychology rather than
on the institutional activity. I personally use it as a confirmation of
my main (institutional and volume-based) strategies. Still, it is very
good strategy even if you use it as a standalone strategy.
The main idea behind it is that the markets move in a sort of waves.
The highs/lows of those waves or swings have names (A, B, C, and D).
It goes like this:
1. The distance from A to B is the distance from the first to the
second swing point.
AB = CD strategy
is based on the
specific wavelike
way the
markets move
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