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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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  #1371 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
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closed


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Can you help answer these questions
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  #1372 (permalink)
 
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 Patrick S 
Raleigh NC
 
Experience: Beginner
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Was wondering if @josh, @Private Banker @greenr @Big Mike or anybody else knew of a trading room that would help me learn market profile.
I DO NOT want someone calling trades for me.
I want someone to interpret the action of price and interpret how to set up my charts properly.
Todays buy that @greenr took was a great example of how and why this system works.
I saw the buy on my 5m chart at 91.14 and said the hell with that. its a dang 32 tic risk!
He probably went long around 90.95 area and realized a 10-12 tic risk.
buying it on Sale!
I see these value areas on my 60min chart but lack the faith to pull the trigger because my traditional method of entry would generally give me a huge stop. OR I wait too long and pay full price only allowing me to scalp for 10.

Again I am not looking for the Holy grail of trading rooms. I am a visual learner and would do well if I could follow
someone and adapt my own personality around this system of learng fair value and price entry and risk.

If you always do what you have always done you will always get what you have always gotten.
Celebrate because you executed your edge. Not because you won.
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  #1373 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Summary view, I was looking for a buy at the open, but did not see it, then a volume burst pushed back above RTH Vwap, I set a limit order and it moved away from me. The return the the vwap just was not showing heavy buying. Eventually the volume go tired, and I went countertrend, but with a very tight stop.


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  #1374 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Patrick S View Post
....

Really like your quote at the bottom of the post

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  #1375 (permalink)
 
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 GaryD 
Orlando, Florida
 
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I missed the long... walked away for a few minutes.

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  #1376 (permalink)
 
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 Patrick S 
Raleigh NC
 
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GaryD View Post
Really like your quote at the bottom of the post

Thanks Brother! I am trying to do somthing different than I have always done!

If you always do what you have always done you will always get what you have always gotten.
Celebrate because you executed your edge. Not because you won.
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  #1377 (permalink)
 
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 Brutus 
Adelaide Australia
 
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Bonus found out TT has TPO charts, not as flexible but good enuf

Some tradeable reactions of yest VAH TPO Ledge at 9152


anyone know what the numbers on top of the distribution mean?

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  #1378 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011

traded positions


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  #1379 (permalink)
 
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 josh 
Georgia, US
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Brutus View Post
anyone know what the numbers on top of the distribution mean?

It's TPO count above/below the POC.

Edit: just realized there are two sets of numbers. The TPO count is the second set, I am not sure what the first set of numbers is. I am sure it is in the documentation for the charts.

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  #1380 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011


not sure, have jumped in and out of this one


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