21.04.2019 Views

Trader Dale Volume Profile

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Price Action<br />

If I want to go short, then I don’t want to see a failed auction above my short level because<br />

the market would push the price towards the failed auction – to test above it. This would result<br />

in a losing trade.<br />

The failed auction is a concept I use every day, and I find it extremely helpful. It helps me<br />

stretch my profit targets and also to prevent bad trades. I look for failed auctions mostly on<br />

30-minute charts when trading intraday and on daily charts when I am trading swing trades.<br />

50

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!