Timing the Trade

my bad...meant to say 'no supply'

Gold Futures:

Target 1 hit....SL lowered to -$40 on second contract

Eurjpy:

Price action has worked it's way back up into an area where the institutional traders started distributing heavily (as seen in the bottom 60 min chart).
Look at the huge volume spike that preceded the big down move.

My expectation is for a move lower from these levels.

I will be watching the 5 min chart for entry clues for a short.

Eurjpy update:

Entered a short based on the uptrust candle (circled) with the spread closing on the low of that candle on high volume.

Target 1 hit....trailing stop is lowering risk

Moved SL to breakeven +1

Stopped out on remaining positions.....+15 pips

6A:

6A update:

Target 1 hit...+$830 on 1st contract. 2nd contract still in play (runner).

Playing with the house money now...locked in an additional minimum $770. Price action has moved lower and broken through the high volume area. I'm expecting PA to retrace (hit my SL) on low volume and will be looking for a 'No demand' candle or a 'test' candle to consider another short.

6A update:

Remaining floating contract stopped out. +$1,590 on trade.

Crude Oil:

Crude update:

Targets 1& 2 hit.....+$490

Crude Oil:

Crude Update:

Target 1 hit. closed both contracts.

Eurjpy update:

Refer to post 564....Price action has moved lower as expected.

6B:

6B:

Target 1 hit....+$250. Second contract is a runner and have moved SL to breakeven +1.

This is a very capable software. It's based on VSA (volume spread analysis).

Crude: