Crude: Target 1 hit...

Timing the Trade

Target 1 hit on Gold. SL hit at breakeven +1 on second contract.

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Gold:

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Hit SL at +$20

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SL hit on Pound trade....-$100 Raised SL on Crude

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Crude update:

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Pound update:

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Volume starting to fall off on the move back into the zone

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Crude: Highest volume of the day just came into crude oil off the inventory report. Definitely buying on that volume spike. I will watch for a low volume pullback into that high volume bar.

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Pound Futures: Looking at a potential short setup. Working off the highest volume candle of the day, I'm looking for an entry based on a successful test or a no demand setup.

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Pound Futures: I have outlined the highest volume candle of the morning...looking for a move back into this area on low volume for a possible short entry.

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Crude: I'll be looking for crude oil to move up from these levels.

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Crude oil futures rollover today to the 12-15 contract. Since the crude futures close at 2:30 pm, That volume spike could very well have been long positions being liquidated.

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Glad I didn't take this trade a few minutes ago. Look at the volume spike underway. Highest volume of the day on a Friday afternoon.

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I was busy typing and missed this scalp entry...

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Now looking forward, what do we see? If you step back and examine the longer timeframe (60 min chart), Price action has moved up into a prior area of distribution by the professional traders and was rejected by an 'upthrust' candle. The 5 min is ...

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Here's the same setup but coming out of a move lower: Big downward volume spike Price action revisits that area on much lower volume....,professional money not interested in moving the market lower at that time. A 'no supply' candle

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Crude update: Target 2 hit. +$300 on trade. Reasons why I entered this trade: 1. Ultra High volume bar. Any time I see one of these (on any timeframe and relative to surrounding volume) I sit up and take notice. Only professional traders create this ...

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Crude update: Target 1 hit....SL adjusted

Timing the Trade