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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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  #1591 (permalink)
 
Brutus's Avatar
 Brutus 
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kulu View Post
Can you please explain why you wanted to short the open. What did you see that made you want to short the open?

We opened within yesterday's range and I don't see any significant reference point there. Thanks



Kulu is that a Rancho TPO indicator or Final ?

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  #1592 (permalink)
 kulu 
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Brutus View Post
Kulu is that a Rancho TPO indicator or Final ?

Rancho, the TPO_Classic (the Pro package)

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  #1593 (permalink)
 
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 bobarian 
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kulu View Post
Can you please explain why you wanted to short the open. What did you see that made you want to short the open?

We opened within yesterday's range and I don't see any significant reference point there. Thanks


we opened at yest vah on the tpo, and we got below value on the eth(1sd,)and price just dropped,showing no buyers to try to get back into eth value.I didnt take,and regretted it

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  #1594 (permalink)
 
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 Brutus 
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josh View Post
Watching the crude open this morning before my market opens. Note how the 90.68 again comes into play right off the open. For me that's a blind short, with very low risk. Targets are 90.45, yesterday's most fair price, and the 90, which is the low of both Friday and Tuesday. No reason to not just take that.



Look at the blue shaded area on the chart coming from Friday; it's Friday's most traded price.

And on Monday, it was the HOD, it was early morning resistance yesterday as well.

So, if value is established above it, I would expect a test of 91 again at least, and quite likely Friday's highs around 91, and even a venture into the gap above. But if value is not established above it, the downside targets mentioned earlier (low 40s and 91) are in play to me.

Kulu, the POC level from Thursday was also key imo, similar to what Josh describes on the open on 030613

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  #1595 (permalink)
 kulu 
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greenr View Post
Could have use yesterdays VAH possibly

We were out side of ETH vwap rejecting value too on the open

Ryan,

I tend not to look at the VAH/VAL for profiles that are elongated like we had on Monday. For me, VAH/VAL are more applicable for days where the profiles are more Gaussian (normal days) that the stretched out days. I could be wrong, but on days like Monday, I personally think the market is searching for value, hence I do not consider VAH/L for my trade decision.

On a different note, What did you do at the lows? Did you buy them even though we had that open drive? I missed that long off the level coz I didn't want to get run over. However, looking at it now, there was plenty of signs that tempo was slowing and should have taken the long. Trade Location was excellent.

Thank, Kulu

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  #1596 (permalink)
 greenr 
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kulu View Post
Ryan,

I tend not to look at the VAH/VAL for profiles that are elongated like we had on Monday. For me, VAH/VAL are more applicable for days where the profiles are more Gaussian (normal days) that the stretched out days. I could be wrong, but on days like Monday, I personally think the market is searching for value, hence I do not consider VAH/L for my trade decision.

On a different note, What did you do at the lows? Did you buy them even though we had that open drive? I missed that long off the level coz I didn't want to get run over. However, looking at it now, there was plenty of signs that tempo was slowing and should have taken the long. Trade Location was excellent.

Thank, Kulu

Yes that makes sense

But yesterday was a rotational day with 2 way trading and is not massively stretched

For me....i still use the value areas on stretched days, i just dont put as much weight on them and the POC`s

Also there are other factors for me......like Vwap value across mutiple time frames etc

My homework told me to buy $96 area so i got in with a perfect position and still holding

" 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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  #1597 (permalink)
 greenr 
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kulu View Post
Ryan,

I tend not to look at the VAH/VAL for profiles that are elongated like we had on Monday. For me, VAH/VAL are more applicable for days where the profiles are more Gaussian (normal days) that the stretched out days. I could be wrong, but on days like Monday, I personally think the market is searching for value, hence I do not consider VAH/L for my trade decision.

On a different note, What did you do at the lows? Did you buy them even though we had that open drive? I missed that long off the level coz I didn't want to get run over. However, looking at it now, there was plenty of signs that tempo was slowing and should have taken the long. Trade Location was excellent.

Thank, Kulu

Home Work



This market at the moment seems to have good "OFFER"

There selling it down and buying the crap out of it back up

Were back in the balance/box above and seem to be holding at the moment

We was 1 TF higher....yesterday we had a small pull back and a failed higher high

Todays close could be interesting

" 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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  #1598 (permalink)
 greenr 
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And there she goes

Even if you not positioned you could have gone with the break out from balance with a tight stop as "JIM " would


" 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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  #1599 (permalink)
 OpalDragon 
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@greenr

Greenr Those charts look great..

I had a question - are those Rancho Dinero's charts? If they are or not -- Do you find them to be stable?? and fast?

Even in markets like February 20th, 2013 when Crude was moving super fast to the down side? Don't know if you traded CL that day.

Or should we go with another dedicated platform purely for the MPs

~Thanks~

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  #1600 (permalink)
 greenr 
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OpalDragon View Post
@greenr

Greenr Those charts look great..

I had a question - are those Rancho Dinero's charts? If they are or not -- Do you find them to be stable?? and fast?

Even in markets like February 20th, 2013 when Crude was moving super fast to the down side? Don't know if you traded CL that day.

Or should we go with another dedicated platform purely for the MPs

~Thanks~

Hey im using TPO and [AUTOLINK]Volume Profile[/AUTOLINK] Chart for NinjaTrader

Yes i traded that day and i have a ton of charts open with Vwaps and volume foot prints

My PC is pretty high spec but nothing amazing......its only lagged once

and that was because of a Vwap bug in a indicator i was using at the time

I am migrating over to Sierra charts though....slowly

SOOOOOO much more stable and professional than NT


Just think about things logically

Im using about 100 diffrent codes in NT for my current work space and lots of diffrent people coded my indicators and tools

Well with Sierra charts, its all factory built into the software correctly from the start all optimized

" 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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