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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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  #1401 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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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!

This is a futures.io (formerly BMT) gem.

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  #1402 (permalink)
 
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 GaryD 
Orlando, Florida
 
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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.


Big Mike View Post
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

These threads are for open participation. Agree or disagree, benefit or not, interested or not, mess with your head or not. This is not Goldman Sachs, this is reality trading.

We are a unique breed; the independent, or wish they were, or defiant, or entrepreneurial, or any possibility of motivating factor... This is about the likes and dislikes, the triuphs and the failures, the place to comingle with others with similar experiences.

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  #1403 (permalink)
 
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 Patrick S 
Raleigh NC
 
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Thanks to all who pitched in 2 cents of advice.
Everyone gave me some great places to start and a hell of alot of homework.

Volume foot print discussion
FT 71
Matt Davios
Jim Dalton
Follow the Journals.

I have started a Journal here called patrick never gave up.
6months from now it will have a totally different look and I will have futures.io (formerly BMT) to thank.

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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  #1404 (permalink)
 
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 bobarian 
whitestone, new york
 
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Big Mike View Post
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

i was reading the current posts, with much interest.I can say, humbly, that when i post a trade(still sim),i want other traders to view it, and if im doing something blatantly wrong, i want to hear about it.Gary mentioned that he is often on the opposite side of Ryans trades, yet they both seem to do well.This is important to realize, because even if they were sitting side by side, they still view the same market differently.
Ive been working at this long enough to understand, that market analyzation after the fact is absolutely necessary.What more can we do?I would be curious to hear to hear comments about this.Speaking for myself, ive been doing videos for a while, and i see a slow progression.Many months ago, i would watch the video, and sometimes not see the good trades.After a while, i would see them by the end of the day.Then, i started to notice them a little sooner.Before i realized it, i was noticing them just after they happened.Whats the point?Sounds like a bunch of missed trades and mistakes ,right?Yes, but, the whole point, is while we are trying to put alll the pieces together, i feel as though im no longer far behind the pack.....I feel like im slowly catching up to the front, which is seeing the trades in real time and reacting in real time to what im seeing.
I think its awesome that real people are having real discussions here, as we all are reaching for a common goal.The emotions are such a huge part of it,obviously.The best way, imo, to keep emotions in check, is to keep working hard at trading correctly,as it relates to each individual.Confidence is key, to controlling emotions,and the only way to be truly confident, is to put in the time, and see the results slowly get better.Imo, confidence has to be earned,and each individual has his/her challenges that have to be faced.So its back to work work work.Oh, and a positive attitude goes a long way too!

Great thread guys

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  #1405 (permalink)
 
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 GaryD 
Orlando, Florida
 
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bobarian View Post
Gary mentioned that he is often on the opposite side of Ryans trades, yet they both seem to do well.This is important to realize, because even if they were sitting side by side, they still view the same market differently.


When I first came to post in this thread I did so with some hesitation and even apology. Market Profile is not what I know. Behind the scenes I did ask @greenr and @bobarian if it was ok, and appreciate their wide open welcome.

I post trades out of habit, previously in my own journal, and until this thread no place except there. But, I was really interested in following this thread for several reasons, and so recently it has become my "place" to hang out on futures.io (formerly BMT).

I formed my method of trading without the use of Market Profile, POC, etc. Somewhat trained, somewhat self-taught through a lot of trial and error and error. I had looked at some market profile info before, but just could not seem to get interested in it.

I recently spent a few months clearing out my head, exercising, meditating, really living outside of the cave of charts. When I started back trading around the end of January, I removed every previous indicator and started from scratch. I did play with some moving averages, because I also maintain a full workweek outside of trading and it helped me to get up to speed quickly. But really was trading without much of anything. What did I really want to see? I knew I would not trade without Volume and Structure. In fact, I believed that was all I needed.

@greenr and I have maintained communication for some time. I enjoy conversing with him, I respect his views of the market, I think he is a very dedicated and brilliant trader. I got away from trading in October and when I came back, different than the last time I had seen his charts, he was all over this MP/POC/VWAP stuff. As I read some of his posts I was very intrigued, and my mind was ready to accept new information. I decided to really dig into MP/POC/VAH-L/VWAP/IB, things that I knew about but never used. It felt fresh and alive, I was ready to learn again, and I had a friend that I could do it with.

@Private Banker also was a major draw for me. He made some post here back when I first came back to futures.io (formerly BMT) that really blew me away. I trade from a lot of gut feel (from being nailed in the gut too much, possibly), and the way he described whatever the action of the day happened to be, put words to things that I felt I “knew” but could not express the way that he did. His comments added logic to my intuition, order to my chaos. I can't recall what I said to him, but it was expressing my respect and admiration. I see him as the anchor to this thread.

So for now, I am not trading using the same thought processes that @greenr does. And it really is funny to me sometimes when I see we were on absolutely opposite sides all day. But I am interested in trying to see his side, trying to shift my thought patterns. He is very impressed with this style and I trust his judgment enough to be open to it. Reading and studying as much as my schedule will allow, and hoping to see the day where @greenr and I make the same trades. Well, not every time...

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  #1406 (permalink)
 greenr 
london/england
 
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Dam you USA day light saving HRS

Im later for work today.....

Caught me right off guard this time DOH!

" 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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  #1407 (permalink)
 
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 josh 
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1) A clear rejection of unfair highs right at the open (top arrow).

2) A market which still sees 91.30 as most fair (middle arrow)

3) I would expect value to be building above 91.10 if this market is to remain in balance. Instead, it is building value below right at 91. Acceptance of lower prices. (bottom arrow) Personally, I would be wary of buying down here, and would probably look to sell 91.30, possibly up to 91.50. Just an idea, which may or may not play out; that's the uncertainty! Targets below would be 90.68 and 90.40.


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  #1408 (permalink)
 
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 GaryD 
Orlando, Florida
 
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josh View Post
1) A clear rejection of unfair highs right at the open (top arrow).

2) A market which still sees 91.30 as most fair (middle arrow)

3) I would expect value to be building above 91.10 if this market is to remain in balance. Instead, it is building value below right at 91. Acceptance of lower prices. (bottom arrow) Personally, I would be wary of buying down here, and would probably look to sell 91.30, possibly up to 91.50. Just an idea, which may or may not play out; that's the uncertainty! Targets below would be 90.68 and 90.40.


Thanks Josh. watching same thing. I did buy the retest around 91, but watching to sell.





Not really the "same thing", my lack of MP understanding, but same area and direction.

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 bobarian 
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market staying within single print areas of previous 2 days

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 greenr 
london/england
 
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GaryD View Post
Thanks Josh. watching same thing. I did buy the retest around 91, but watching to sell.





Not really the "same thing", my lack of MP understanding, but same area and direction.

I was short this morning

But im long now....from the lows



We have a nice cluster of Daily ma`s above us here from $92.50 up to $93.20



Would not supprise me if we saw a probe...test higher today if we hold these lows

Waiting to see what happened around todays RTH/ETH vwap`s..........

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