21.04.2019 Views

Trader Dale Volume Profile

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

What instruments to trade?<br />

My favorite trading instruments<br />

In my trading, I have three approaches. I do intraday trading, swing trading, and long-term<br />

investments.<br />

As far as my intraday trading is concerned, I have these four major pairs that I trade: EUR/USD,<br />

AUD/USD, USD/CAD and USD/JPY. If you read the previous few chapters, I think the reason why I<br />

trade these is quite obvious. There are also another pretty good non-currency instruments to day<br />

trade with the <strong>Volume</strong> <strong>Profile</strong> like FDAX, S&P 500, CL (oil),... Still, it is hard to trade on a daily basis<br />

so many instruments and for that reason, I chose only four.<br />

My swing trading and long-term investment methods are not so time-consuming and they are<br />

also pretty easily manageable. For that reason, I am able to trade swing trades and long-term<br />

investment trades as an addition to my intraday trades. My preferred forex pairs for that are:<br />

AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, EUR/GBP, EUR/JPY, EUR/USD,<br />

GBP/USD, CHF/JPY, NZD/CAD, NZD/USD, USD/CHF, USD/JPY and USD/CAD.<br />

BONUS: Best cryptocurrencies to trade<br />

If you are into intraday trading or swing trading the cryptocurrencies, then I suggest you focus<br />

only on the most liquid – the ones with the biggest market capitalization. Big market<br />

capitalization means good liquidity, better spreads and a smaller chance of slippage. The<br />

absolute winner is obviously Bitcoin. Other ones that follow are for example Ethereum or Ripple.<br />

Below, you can see a table with the ten cryptocurrencies based on Market Cap.<br />

94

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

Saved successfully!

Ooh no, something went wrong!