Trader Dale Volume Profile

Price Action
It is quite useful to mark places where the sessions open in your charts. Those places are sort
of orientation points from which the market develops further. With this, you can spot the
market mood of each trading session.
A place where session opened is not only a good orientation point but also a
support/resistance level. If a trading session starts and the price goes down, then the place
where the session opened becomes a resistance zone. If, on the other hand, the session starts
with an up-move, then the place where the session opened becomes a support
I don't really trade support/resistance zones based on Session Open as a standalone strategy,
but it is a nice addition and another confirmation of my preferred strategy. Remember – the
more confirmations of a level you find, the better.
The picture below shows a beginning of the US session (NY open). When the price goes below
this area, the place where the US session opened becomes a resistance zone. There is a
reaction to the Session Open when the price retraces back to this area.
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