Trader Dale Volume Profile
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<strong>Volume</strong> <strong>Profile</strong><br />
Not all the <strong>Volume</strong> <strong>Profile</strong> histogram shapes that you encounter will fit exactly in the<br />
description of these four basic ones I showed you. Most of the time you won't be working with<br />
the "perfectly shaped” profiles. However, if you use your imagination a bit, then in most cases<br />
you should be able to fit every profile shape into one of these 4 basic shapes.<br />
The first step to learning to trade with the <strong>Volume</strong> <strong>Profile</strong> is to start looking for those 4 types<br />
of profiles and trying to fit every profile you see into one of the 4 categories. Based on this, you<br />
should try to figure out where volume-based support/resistances are.<br />
The fastest and easiest way is to start trading volume profile with the default Daily profiles<br />
(1 day = 1 profile). However, you can look for those 4 basic shapes on every profile regardless<br />
of the timeframe. This could be weekly profiles, 4-hour profiles, or the Flexible <strong>Volume</strong> <strong>Profile</strong><br />
that I prefer using.<br />
Flexible <strong>Volume</strong> <strong>Profile</strong><br />
I was trading using the standard (default) Daily volume profiles for several years. They were<br />
fine, but there was one thing that was bothering me. The thing was that the daily profiles only<br />
show you a profile of a whole day. Sometimes, there were situations when I needed to have<br />
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