Trader Dale Volume Profile
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<strong>Volume</strong> <strong>Profile</strong><br />
– mostly when there are more strong volume areas within the rejection. Because of this, it takes<br />
some time and practice to master this setup.<br />
Reversal trades<br />
Sometimes, the price doesn’t react to a volume-based support/resistance zone at all and just<br />
shoots past it into a Stop-loss. This happens from time to time. Having a losing trade is also part<br />
of trading. However, there is still one thing you can do.<br />
Remember when I was talking about “support becomes resistance (and vice versa)“ earlier in this<br />
book? You can apply this method also to all the volume setups!<br />
So, whenever the price doesn’t react to any of the volume-based setups, I showed you and it runs<br />
into a Stop-loss, then you just wait until the price returns to your original support/resistance level.<br />
When it hits the level, you enter a reversal position – this means that if you originally went long,<br />
your new reversal trade will be a short. See an example below:<br />
If you originally went short, your new reversal trade will be a long. See an example below:<br />
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