Download Trader Dale - Volume Profile Video Course

I just started a new demo and I'm trying to setup the dom on NT8 so I can get a better view of the intentions of the big traders. That's actually what G7FX does before entering a trade. I think the TD VP can show a reasonable place to enter a trade but I think the DOM might have more edge than the OF because big orders near and area of interest waiting higher or lower don't show up on OF. If a guy waits around with 150-200 or more contracts and is not moving out of the way, I would like to know that bit of information.

 

Yes, the levels at which the price "can dance" are relatively easy to find, the problem is determining whether the price will go up or down from this level ... Unfortunately, I'm afraid it's like throwing a dice. You know me...

 

The next key problem when you find out that you were right is how long to keep an open position open - how to earn as much as you can.

 

Yeah I do. My reasoning is that if there are big orders above or below the order then I am looking to trade with the big guys and their direction. On the OF you only see the orders that got filled but there's more than that. If the orders get absorbed and the market doesn't move in the direction of the big orders then I'm not going to take the trade or even consider going the opposite direction for a little bit. That's is very important information for me when it comes to direction and volatility.

 

If the market is going up and there are more buy orders on the side showing on the DOM but also as filled orders than i am going long. If the orders dry up, then I would look to take some profits or even exit completely. If however, the buy orders get absorbed and the market is not going up then I can reason the sellers are stronger. OF only shows what already happened but the DOM shows other people's intentions to buy or sell. I always thought (or was told) that looking at the Dom is not necessary because of the OF was going to show only the filled orders . What if you know that 10 pips below a level there is a trader with 200 buy contracts when the usual volume is around 40-50 contracts? I would look to go long when the market approaches his orders or at least pay attention to what happens. Finally, on the OF you don't know which of the orders are passive sellers or active buyers. If you know a bunch of active sellers just jumped in the market then I would look to tag along for 7-10 pips and see what the DOM continues to show.

 

Interesting...

 

I Youre looking for DOM from G7FX here:
https://t.me/g7fxcoursee
Its working on Sierra Chart platform. Sierra chart rquired trial activation (for 15 days only) using sell phone need cracked version or workin temporary sms service to activate platform many times.

 

There is a DOM graph to add in this course. It didn't work on the newest version of the 2445 platform, but I converted it and it works.
I added working chart file. You have unzip this file to sierra chart data folder.

 

No data because of market close...

 

@kapulet, can you please tell me where you got your NOBS Turbo Delta Swing software? I can't seem to find it in here anywhere. Does it work only with the cracked NT 8?

 

https://clubbingbuy.com/search/32487654/?q=nobs&o=date

 

Buyers take control...

 

dang, how did you make it work? I had sierra installed on my pc but I thought i needed a data plan so i moved over to NT8. I saw the file you shared but i will have to figure out how to get the data to work on Sierra.

 

Now what if you saw on the DOM that there are a few hundred contracts looking to buy, would it give you more confidence to go long? It's no longer a coin toss if others are willing to jump in the same direction as all the traders using the dom see the same thing. If there is absorption and the market is not moving, you might get a chance to get out a BE. If you only looked at mt4 chart (levels and indicators) or even OF and trying to decide which way to go. You are literally seeing the decision being made. If i get 5-10 pips per day, i'm gucci. https://prnt.sc/qEL0dOeCIoEI

The guy from G7FX says that you have to look at the market sentiment and do your preparation before trading starts on monday. You should look at what the market did the previous week (trend or range), what news came out (FED, Uk bank, etc) and what news will come out in the next week so first you don't get surprised by them and secondly to see the market reaction. Also, look at the correlation between currencies and oil. Lastly, if the sentiment is negative you should look for trade opportunities on the DOM to go short, with the trend. (and viceversa, if the sentiment is positive to look for long trades). I makes more sense to me than VP and OF.

 

Check this out, kap. Might be a little old though but there might be people interested in doing a Group Buy or something. https://coursewin.com/product/sierrachart-1507-service-package-5-advanced-jan-2017-available-now/

 

Where do you see 100,250,300 here?

 

Here you can see what awaits buyers with price levels from 0.97590-0.97650.

 

When the price touch VWAP...

 

Well I don't see those numbers and that is why I drew them in red and said "what if" you could see those numbers on the DOM? Wouldn't it show you the direction traders are looking to go in? That's what i meant.