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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

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  #1111 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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Big Mike View Post
@GaryD (and others), you can automatically take a screenshot and upload it to nexusfi.com (formerly BMT) with this tool:


Much easier and faster than the method you are currently using. The tool will spit back a URL automatically and you just paste it into your post.

Mike

Very cool. I may use that just for posting in general, with or without charts.

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  #1112 (permalink)
 
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 GaryD 
Orlando, Florida
 
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greenr View Post
Just took a beautiful mean revrsion here

Took 2 off at Vwap and going to target other side of value now

Attachment 104198

Attachment 104199

I was just reviewing your charts in this post tonight. I am kidding about understanding "mean reversion" from a technical perspective, but I have no idea what the trigger is or when to know one is setting up.

One thing I have noticed between us, is sometimes I will go long and you will go short, (or opposite), yet both of us may win or lose. I quit trading early today, but every trade I took today was long. Not a single short. I used to try to hit both sides, but found that was messing with my confidence. Unless the conditions seem right (anticipation of consolidation), I do better choosing a side.

I saw you did not sell the high, but waited for what looked like the first wave down to establish. What was your trigger?

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  #1113 (permalink)
 greenr 
london/england
 
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GaryD View Post
I was just reviewing your charts in this post tonight. I am kidding about understanding "mean reversion" from a technical perspective, but I have no idea what the trigger is or when to know one is setting up.

One thing I have noticed between us, is sometimes I will go long and you will go short, (or opposite), yet both of us may win or lose. I quit trading early today, but every trade I took today was long. Not a single short. I used to try to hit both sides, but found that was messing with my confidence. Unless the conditions seem right (anticipation of consolidation), I do better choosing a side.

I saw you did not sell the high, but waited for what looked like the first wave down to establish. What was your trigger?

Basically its the condition of this market at the moment (were just in balance mode)

1st off i was long most of the day building a position from the extremes lows

I was looking to target the "C" excess area from tuesday as a target (lined up with Developing week vwap value highs)

Was also the 4th IB x2 extension and obviously yesterdays HOD

Since i was already long and looking to target that area i was not ready to fade it short

So once i was out a the highs.....i waited for the rejection in that area

The market came back into balance Developing vwap highs were i looked for the short and acceptance of value

The only thing to do once value is accepted and were in balance is to target the other side of value

Its all logical

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #1114 (permalink)
 
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 GaryD 
Orlando, Florida
 
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greenr View Post
Basically its the condition of this market at the moment (were just in balance mode)

1st off i was long most of the day building a position from the extremes lows

I was looking to target the "C" excess area from tuesday as a target (lined up with Developing week vwap value highs)

Was also the 4th IB x2 extension and obviously yesterdays HOD

Since i was already long and looking to target that area i was not ready to fade it short

So once i was out a the highs.....i waited for the rejection in that area

The market came back into balance Developing vwap highs were i looked for the short and acceptance of value

The only thing to do once value is accepted and were in balance is to target the other side of value

Its all logical


So to re-phrase, the concept in a nutshell is that the pendulum swings around a point of control? And the bands are more there to compare one side to the other in terms of volatility?

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  #1115 (permalink)
 
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 Tiger45 
San Diego, CA, USA
 
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Here's my pre-market analysis (note: I'm a rookie).

We will probably open in balance and in range. Yesterday's single print areas tested the single prints of the 26th and held up nicely. They may hold today as well.

The ON session filled most of the upper thin areas from yesterday's profile, but the ON low is a higher low.

I will be looking for longs from 92.40 - 92.17 and shorts from yesterday's single print area 93.25 - 93.37.

My expectation is for a choppy, range bound day.

If this is inappropriate for Bob's thread, let me know and I'll move on.

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 kulu 
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@greenr

Are you using Fattail's VWAP indicator for your weekly and Monthly VWAPs?

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  #1117 (permalink)
 greenr 
london/england
 
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kulu View Post
@greenr

Are you using Fattail's VWAP indicator for your weekly and Monthly VWAPs?

Hey Yes I am

I updated them to my own version though

You will find them here

Actually I never uploaded the month....I will do it later

Downloads - [AUTOLINK]NinjaTrader[/AUTOLINK] 7 Indicators - Big Mike's Trading Forum

I have updated them to Fat Tails new V40 too



By the way every one nothing to do on this open...just waiting for market generated information and a test of an extreeme

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #1118 (permalink)
 kulu 
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We are right in the middle (VWAP and VPOC) of the 5 day balance. I am just watching right now, will be interested once we reach the extremes (of the VWAP or the full balance area)




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  #1119 (permalink)
 greenr 
london/england
 
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kulu View Post
We are right in the middle (VWAP and VPOC) of the 5 day balance. I am just watching right now, will be interested once we reach the extremes (of the VWAP or the full balance area)





" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #1120 (permalink)
 
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 GaryD 
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