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 357,968 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)
  #1621 (permalink)
 
bobarian's Avatar
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
Posts: 1,995 since Oct 2010
Thanks Given: 5,258
Thanks Received: 3,120

confluence here at .97 area
rth val/eth val

Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Request for MACD with option to use different MAs for fa …
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
ZombieSqueeze
Platforms and Indicators
Futures Close-Out Policy
Commodities
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
33 thanks
Daytrading ES & NQ
32 thanks
Battlestations: Show us your trading desks!
30 thanks
Spoo-nalysis ES e-mini futures S&P 500
28 thanks
Retail Trading As An Industry
25 thanks

(login for full post details)
  #1622 (permalink)
 
bobarian's Avatar
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
Posts: 1,995 since Oct 2010
Thanks Given: 5,258
Thanks Received: 3,120

scratch trade...,its working, but i dont like the action off the eth vwap

Visit my NexusFi Trade Journal Started this thread Reply With Quote
The following user says Thank You to bobarian for this post:
(login for full post details)
  #1623 (permalink)
 
Brutus's Avatar
 Brutus 
Adelaide Australia
 
Experience: None
Platform: NT
Trading: ES CL
Posts: 99 since Jun 2010
Thanks Given: 776
Thanks Received: 87


currently just traversing todays value area on a balanced profile, looking for a rotation back down to 9270 from 9320 ish IB high

Reply With Quote
The following user says Thank You to Brutus for this post:
(login for full post details)
  #1624 (permalink)
 
Brutus's Avatar
 Brutus 
Adelaide Australia
 
Experience: None
Platform: NT
Trading: ES CL
Posts: 99 since Jun 2010
Thanks Given: 776
Thanks Received: 87

taking longs of yesterdays POC for a new HOD

Reply With Quote
(login for full post details)
  #1625 (permalink)
 
bobarian's Avatar
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
Posts: 1,995 since Oct 2010
Thanks Given: 5,258
Thanks Received: 3,120

looking for a pullback to rth val, for a long...looks like its gone tho

Visit my NexusFi Trade Journal Started this thread Reply With Quote
The following user says Thank You to bobarian for this post:
(login for full post details)
  #1626 (permalink)
 
lrfsdad's Avatar
 lrfsdad 
milwaukee,wi, usa
 
Experience: Intermediate
Platform: Mobile TWS & mobile TOS. Dough.com
Broker: IB, TOS, FXCM
Trading: futures and options. looking into forex
Posts: 186 since Nov 2012
Thanks Given: 302
Thanks Received: 161

Hey guys, I don't post much here as I'm still working on getting consistent in my methodology, and don't want to be the guy that only posts his winner, but thanks to what I've been learning/seeing thanks to this thread here is what I did this am:

I did take some 2 lot scalps and was slightly down on the day as everytime we made a low, it wasn't by much so I was getting whipsawed by only having a few ticks profit then a reversal.

Looking at the delta on both the 5 min and 1500 tick, everytime we made a low the red was less and less deeper. Also what I noticed was the final bottom (as of now) was at the lower end of one yesterdays high volume areas as well as the speed in which price came off of the low.

What I want to highlight is that by the time my entry method gave me a signal, we were farther off the lows than I wanted to risk, so only did a one lot. That being said, i did have 2:1 reward to risk and took profits at the lower end of the overnight consolidation which also was just below the previous close and current vwap.


Visit my NexusFi Trade Journal Reply With Quote
The following 5 users say Thank You to lrfsdad for this post:
(login for full post details)
  #1627 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
Thanks Given: 665
Thanks Received: 582


Brutus View Post
taking longs of yesterdays POC for a new HOD

thats a reasonable call to me

Reply With Quote
(login for full post details)
  #1628 (permalink)
 
Brutus's Avatar
 Brutus 
Adelaide Australia
 
Experience: None
Platform: NT
Trading: ES CL
Posts: 99 since Jun 2010
Thanks Given: 776
Thanks Received: 87


shanemcdonald28 View Post
thats a reasonable call to me


Sheer elegance in its simplicity

Reply With Quote
(login for full post details)
  #1629 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
Thanks Given: 665
Thanks Received: 582


Brutus View Post
Sheer elegance in its simplicity

well done !!

Reply With Quote
The following user says Thank You to shanemcdonald28 for this post:
(login for full post details)
  #1630 (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


Hey Guys

Right I have distanced myself from futures.io (formerly BMT) lately, due to the need to focus on my career etc

Though i would try and fill @Private Bankers shoes and do some top down analysis for you

You guys should do this too in your own way, it helps a lot to understand the bigger picture time frames and market sentiment

Right or wrong......here is my view at the moment

FROM THE TOP

Monthly



On the monthly we seem to be in major consollodation with a distinct trading range bracket

We have a wedge in side a wedge and there seems to be no major directional conviction


Weekley



Again zoomed in on the weekly you can see a bit more detail, a more clear price wedge with clear consollodation

I can also see two clear balance area inside the major bracket we are in


Daily levels and MA`s



Again a more detailed picture, you can see the major price wedge which is also from a bull and a bear channel you cannot see as its not zoomed out enough.....buy you get the idea of the consollodation we are in

We have excess lows and highs i have also market which are important levels on the daily chart

Finally......look at the cluster on MA`s we have at the moment. The MA`s have really been stuck in the mud this year with no direction in play so far. The clear price bracket we have in play I have also highlighted


Daily gaps and excess



On this picture you can see the 2 clear balance areas from the weekly picture with a clear low volume area in the middle of the price wedge

At the moment we have 2 clear unfilled gaps above and below the price wedge were the sellers and buyers have acted agressively at the highs and lows of this current market

I have also highlighted the major extremes we have in place with nice excess to work with @ $103 and $87

Again all we can see is no over all direction and consollodation of price in the wedge


Month Vwap`s




So last but not least the current developing values

I've not been doing this long enough to really comment on this, but to me we have a funny situation here. Unless you understand vwap you will find it hard to understand what i mean

The last 2 developing values from Feb and March are over lapping and i have highlighted the over lap in value

All this means from my view is the sellers and the buyers from the highs and lows have clashed with positions and views. I suppose this happens a lot in major price consollodation

At the moment we seemed to find buyers below March vwap were we found support at Febs vwap lows, now we have popped above this level and have found support in the over lapping values in the highlighted green zone

Week Vwap`s



On the weekly vwap, from last weeks sell off we found support at the lows of last weeks value this week and we just tested last week vwap today

Could be interesting were we go from here


So from all this, i still dont have a clue where crude oil is going tomorrow

But we can understand the over bigger pricture allowing us to get a grip the on longer term time frames

All i can see is we are in major balance and untill we break out of this big bracket and wedge

Sell the highs and buy the lows

Simple trading

" 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 18 users say Thank You to greenr for this post:





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