Trader Dale Volume Profile
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Finding your style<br />
Forex brokers usually have a Swap Calculator tool<br />
available on their website or directly in their trading<br />
platform. This way you can easily tell how much you will<br />
pay or receive every day. The attached picture is a Swap<br />
Calculator tool from IC Markets broker. You only need to<br />
fill in your account currency, the forex pair you are going<br />
to trade and the lot size of your trade (100.000 means 1<br />
standard lot). In this case, if I enter a 1 lot long position<br />
on the EUR/USD and hold it overnight, I will be charged<br />
$8.5. If, on the other hand, I enter a short, then I will<br />
receive $6.3.<br />
Stop-loss and Profit Target for long-term investments<br />
Standard Stop-loss and Profit Target values for long-term investments are hundreds/thousands<br />
of pips. For example, my long-term short on the EUR/USD that I am currently in has a 600 pip SL.<br />
I place my SL behind some strong barrier – for example in a low volume area behind a strong<br />
volume cluster. You profit Target should be placed before such barrier. I prefer trading with a riskreward<br />
ratio close to 1:1, and for that reason, I look for strong zones that are in line with that.<br />
Below, is an example of a long-term investment – a short trade on the AUD/USD. I did the analysis<br />
on a Monthly chart. The entry was based on <strong>Volume</strong> Setup #2: Trend setup:<br />
85
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