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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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  #1391 (permalink)
 
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 Jedi 
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Patrick S View Post
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.

I doubt you will find that even amongst vendors, but remember PA interpretation don't mean much unless its actionable.. There are many valid reasons to filter why price moves the way it does but the bottom line is recognize trade selections and it can only be measured by results.. Hind sight analysis can learn some concepts but if you want to speed up the learning process, ideally its real time because that's where the rubber meets the road..

If you want to know the nuances of executing with any method, perhaps get to know the method FIRST by reading the Dalton books, and some of the posts and then watch someone call out real time trades and reverse engineer the rationale.. That shouldn't be too difficult to do if you read up on the method.. but good luck on finding someone willing to call out real time trades.. lol the Dalton books are a good start but lots of information on the internet.. Remember, MP is still a discretionary method and we wont all trade it the same way.. Good old fashion screen time...

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  #1392 (permalink)
 
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 josh 
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Jedi View Post
but good luck on finding someone willing to call out real time trades.. lol

I post real time trades very often in the es sp500 spoo thread, did two today, and often post the entry and stop before the market gets there. Did several recently. And I usually provide a reason why. In fact, people probably tire of my live trades because I probably post too many.

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  #1393 (permalink)
 
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 Big Mike 
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josh View Post
In fact, people probably tire of my live trades because I probably post too many.

Never, more the better.

Mike

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  #1394 (permalink)
 
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Big Mike View Post
Never, more the better.

Mike

Just to offer another opinion: I stopped following this thread because of all the real time trade calling. The analysis (whether before or after the fact) is more helpful to me personally.

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  #1395 (permalink)
 
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 Big Mike 
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Surly View Post
Just to offer another opinion: I stopped following this thread because of all the real time trade calling. The analysis (whether before or after the fact) is more helpful to me personally.

Cool. Everyone has their own objective with the forum. I personally appreciate the real time calling because it forces people to do more than just analyze or predict. But I don't pay any attention really to what the actual trade call was, honestly I barely read them because I don't want anything to get in my head with my own trading

But I think it can benefit the poster and I also think it can benefit other traders who are looking for explanations about certain behavior of the market.

Mike

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  #1396 (permalink)
 Profiler 
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josh View Post
I post real time trades very often in the es sp500 spoo thread, did two today, and often post the entry and stop before the market gets there. Did several recently. And I usually provide a reason why. In fact, people probably tire of my live trades because I probably post too many.

I really appreciate it when you do that Josh- i think adding exact levels and stuff does add something as well but mostly im concerned about the reasoning behind it so i say keep doing it!

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  #1397 (permalink)
 
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 Jedi 
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@josh - I'll check it out though I primarily focus on CL until pit close most days.
@Big Mike - I enjoy it too, as long as the trader is doing well.. Its like an athlete that enjoys watching a good game, which I have an appreciation for.. Personally, I don't get influenced by other traders because the trade has to resonate with me so even if I know the trader is very good and I don't see what they see, it won't influence me.. If the trade worked out, I may want to learn their rationale but not until it resonates with me will I be influenced.. Also I believe every set up really only has so much edge so I really don't get influenced easily..

Don't get me wrong, I appreciate hind sight analysis as much as any other trader and have learned from it, but once you've learned the primary concepts of a method, the next step is always to learn to put it together in a cohesive way real time and that only comes from real time rationale, but since that's not possible (unless you're not trading), you can best see it in the execution when its real time.. Since that is also not realistic with lag time, I think pre-trade rationale is also good..Example: "I'm looking to go long around this location and etc because......." It can include "I need to see this.... and If this happens, then the set ups is negated and etc..

Every trader that has traded for anytime should have read their share of great hind sight analysis, but that's not what took us to the next level.. Either lots of personal screen time or someone helped us to read real time or both...

However, if a trader is batting a 50/50 average and keeps calling out trades and rationale when they're losing all the time, I think that's annoying.. but if they're doing well, I personally enjoy seeing trades live..

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  #1398 (permalink)
 
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 GaryD 
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josh View Post
...people probably tire of my live trades because I probably post too many.




I wanted to add, I post live trades today to show what it looks like. Wins, losses, etc. Transparency. There was a time when that was of interest to me as a beginning trader. I make a lot of comments regarding my take on direction, and I will be wrong and right, but overall I typcally come out ahead, even though I may never completely understand why.

But it is not to say there are not a hundred more possibilities. I have noticed in this thread that many times @greenr and I will be on opposite sides of the market, and yet both of us could be profitable. I get a kick out of that. I enjoy seeing his live trades, and I study them after the close. I have several chart images saved right now that I look forward to discussing with him. And I hope that there are times he gets something from my input.

There are many ways to adapt to succesful trading. Maybe that concept only adds to the confusion as a beginning trader....

But over time that concept can also be very liberating.

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  #1399 (permalink)
 
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 josh 
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Jedi View Post
Every trader that has traded for anytime should have read their share of great hind sight analysis, but that's not what took us to the next level.. Either lots of personal screen time or someone helped us to read real time or both...

Absolutely, hindsight analysis can be quite helpful to understand the concepts themselves, but then analyzing, and executing in real time is such a different ball game. And we have such weird emotions that can go through our heads as we are in the process that it becomes clear that analysis and trading are two very different things. If only real time could be as simple as hindsight!

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  #1400 (permalink)
 
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 Jedi 
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josh View Post
Absolutely, hindsight analysis can be quite helpful to understand the concepts themselves, but then analyzing, and executing in real time is such a different ball game. And we have such weird emotions that can go through our heads as we are in the process that it becomes clear that analysis and trading are two very different things. If only real time could be as simple as hindsight!

Its not just the emotions, real time analysis is also not as clear as hind sight analysis.. emotions can color your read of course but emotions aside, try giving the same analysis real time with the right side of the screen covered and see if you don't have a few other possibilities in the analysis that might be a close 2'nd from your contextual read, the different time frames, the levels and etc.. Should I take this location when the next s/r is just 20 ticks away and etc... Also, there is the balance of entry location to contain the stop range and confirmation at the price of a bigger stop range and etc.. How much stop range are you willing to give on the perceived r/r of the set up and etc.. You get the idea....lol

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