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watching this area for now Aus 60 min supply

Only20gp, How are you my friend? Nice to hear from you again. Great Analysis, Rocky...

Just got stopped out for Plus $320. Very fast trade, Rocky...

Thanks for the kind words Rocky!

Good to be back

As always, good observation, closed for 4 pips

Hi Rocky,

the black candle you triggered your buy order, it is not a no supply bar..it is not a candle with narrow spread and not low volume.. Could you explain what motivated you to take this long entry ? Thanks..

Hi Trappist, hope all is well. Lets start with the volume bars from 11:30 am yesterday to 9:30 am today. We see ultra high volume bars with a wide spread candle approaching a daily Demand zone at yesterdays11:30 close . This is the start of the "accumulation Phase", Institutions are starting to "buy" contracts from the unsuspecting herd who are shorting in a down market. All done under the Institutional Radar.

Yesterday at 1400 hrs we get another wide spread black candle touching the daily demand zone with another ultra high volume bar, but this volume bar is lower and shorter than the 11:30 am bar. Notice that between those to candles we have lower lows but looking at the corresponding volume bars, there is a divergence between PA and Volume. This is telling us that the supply is diminishing, or better said "Demand is increasing due to the lack of sellers.

All this as we are now at a Daily Demand zone, very powerful. Now look at todays 9:30 candle... PA is lower that yesterdays PA. The 9:30 am black volume bar is lower and shorter than yesterdays volume bars when PA entered the Daily Demand Zone. What does this mean? It means that Demand is overcoming Supply. The 2 burgandy arrows show this, a VSA setup.

Then we have "Rockys HPT", "High Probability Trade". I talked about this last year. Which is a 30 min Demand zone inside a Daily Demand zone. As you can see I took this trade when PA entered the 30 min Demand Zone for a long. So there were a few thing to look at that gave me a "Long" signal. The VSA "NO Supply" set up at the HPT, I took a picture perfect setup according to my rules, Hope this helps, Rocky...

Hi Rocky,
Hope you are well. Thank you for your reply. I am familiar with Rocky's hpt. The accumulation phase had started as you stated during long black down bars with ultra high volume black bars. I thought that no supply vsa set up required "no supply" bars. The bar you entered your long did not have volume less than with previous two bars and the spread was not narrow. This is confusing me. So, would it be a good idea to wait for a no supply bar, like the bars that formed at kl 12.30 and kl 14.00 ? Thanks .

Cad Futures:

Here is my take on the 240 min. chart. Been watching this setup for a couple of days.

Hi Rocky .. Is everything well with you ? You are may be fully concentrated with your trading..

DX and Euro futures:

The Dollar index is moving down into a Demand level that aligns with the 61.8% retrace. When you examine the 120 min. chart, it looks like it is poised to continue it's climb towards the 76.4% daily retrace.

The Euro is also moving into a Supply level which should give good confirmation of the trade setup.

Here's the more current DX 30 min. chart. The one above is from this morning.