NexusFi: Find Your Edge


Home Menu

 





CL Light Crude Analysis TPO/MP/VWAP/VPOC


Discussion in Commodities

Updated
      Top Posters
    1. looks_one greenr with 548 posts (896 thanks)
    2. looks_two bobarian with 328 posts (161 thanks)
    3. looks_3 GaryD with 249 posts (161 thanks)
    4. looks_4 Private Banker with 182 posts (760 thanks)
      Best Posters
    1. looks_one Private Banker with 4.2 thanks per post
    2. looks_two greenr with 1.6 thanks per post
    3. looks_3 GaryD with 0.6 thanks per post
    4. looks_4 bobarian with 0.5 thanks per post
    1. trending_up 357,192 views
    2. thumb_up 2,611 thanks given
    3. group 106 followers
    1. forum 1,806 posts
    2. attach_file 1,050 attachments




 
Search this Thread

CL Light Crude Analysis TPO/MP/VWAP/VPOC

(login for full post details)
  #1221 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

My subscription ran out to fin-algo. I took the GOM market profile tool and modified it to represent what I was interested in seeing out of the fin-algo version.

Learning that I could split the sessions letters made it easier to do (thanks to this thread). I used high-low bars at 1px and increased the volume opacity. I'll trade that way this week and decide next weekend.


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZigZag displaying ticks
Platforms and Indicators
ISO Equity Curve Indicator
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Request for MACD with option to use different MAs for fa …
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
GFIs1 1 DAX trade per day journal
28 thanks
Supertradersams Thread Journal on NQ/MNQ
26 thanks
Tao te Trade: way of the WLD
16 thanks
Diary of a simple price action trader
13 thanks
Just another trading journal: PA, Wyckoff & Trends
12 thanks

(login for full post details)
  #1222 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


GaryD View Post



If I was going to swing trade for months or years, this is one of those areas I would be looking at. It was a few weeks ago this was on the radar as a "zone", but as it takes shape the structure is getting more compact.

Whether to hope to buy the bottom, or wait to take out 93.50, tough choice. And right or wrong, you have to be able to walk away and take the hands off the buttons. That is hard for me. I just try to understand why it might be going where tomorrow to give me psychological confidence.

Reply With Quote
(login for full post details)
  #1223 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011



Reply With Quote
(login for full post details)
  #1224 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


greenr View Post
Still looks like some good confluence to the down side

RTH developing value highs holding as resistance

ETH vwap holding as resistance

Attachment 104465

See if we can run below this IB again and continue down

Why VWAP on 500 and 800? The difference between them seems unusual.


Or is this it?

500 = 0.6250
800 = 1.6000

Reply With Quote
(login for full post details)
  #1225 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
Posts: 952 since Sep 2011
Thanks Given: 562
Thanks Received: 1,280


GaryD View Post
Why VWAP on 500 and 800? The difference between them seems unusual.


Or is this it?

500 = 0.6250
800 = 1.6000

Does not make any difference..........really

I some time use a 5 min....some time a 800 tick...some time a 5 momentum

I just change to the temp of the market to see things clearly

The only one thing I would say....when you start using bigger time frames and bar that take longer to forum

The Vwap calculation can start to lag.....that all

" 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"
Reply With Quote
The following user says Thank You to greenr for this post:
(login for full post details)
  #1226 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Pre-market local double bottom has established the line for initial support.








This confluence area is the 618 of a possible W3 combined with the prior major pivot high, drawing the line for a potential W5 commencement. The symmetry is not the best, and it has passed the expected exhaustion for a W4, but the W1 range remains unbroken, and some support at least is expected.






On the MP chart there is a prior bracket area that coincides with this zone.







Volume confirmation is not overly convincing.


Reply With Quote
(login for full post details)
  #1227 (permalink)
 
Tiger45's Avatar
 Tiger45 
San Diego, CA, USA
 
Experience: Intermediate
Platform: Sierra Chart
Trading: CL, ES
Posts: 309 since Sep 2010
Thanks Given: 203
Thanks Received: 422

My take (note: I'm a rookie). We'll be opening in or near the top of ON value, but within Friday's value area. If we get a run to test the top, I'll be looking for shorts off Friday's VAH/HOD around 91.11. If it makes it through that, I'm expecting a fast run to try and fill the RTH gap from 91.99 - 91.10. The ON session from 3/1 did fill that in with a thin spot, so I really don't know how that works.

On the short side, I'm expecting support at the ON POC and daily S/R at 90.55


Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to Tiger45 for this post:
(login for full post details)
  #1228 (permalink)
 
Tiger45's Avatar
 Tiger45 
San Diego, CA, USA
 
Experience: Intermediate
Platform: Sierra Chart
Trading: CL, ES
Posts: 309 since Sep 2010
Thanks Given: 203
Thanks Received: 422

Long here. Also was the bottom of Friday's lower IB


Visit my NexusFi Trade Journal Reply With Quote
(login for full post details)
  #1229 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, Nikkei
Posts: 6,193 since Jan 2011
Thanks Given: 6,703
Thanks Received: 18,012


Tiger45 View Post
Long here. Also was the bottom of Friday's lower IB

Hope it works out for you, but you have a market opening within balance, that has shown no directional conviction, that appears to be quite lazy so far, with very subpar volume. Seems quite a 50/50 kind of proposition.

Reply With Quote
The following 4 users say Thank You to josh for this post:
(login for full post details)
  #1230 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Watch for volume if we test

Reply With Quote





Last Updated on July 17, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts