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 357,508 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)
  #1761 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863


COTtrader View Post
Ben, I posted this pix on Spoo-analysis earlier today regarding a completed sell auction on the ES 1440 minute bar. No more buyers were found on the ES (see pix) at 1576 PRIOR to close. Immediately, price bounced and revisited 1576 during the next 5 minutes then began its ascent. I SIMed a buy trade above at 1577.

Is the PIX a reference to your explanation?

Ken

Hey Ken,

Looks good. Its very rare that the market will make an absolute high or low in the ON session without having the RTH come back and test those levels. But you never know right?

Cheers,
Ben

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Trader Dale [email protected] or Scammer Dale
Trading Reviews and Vendors
Request for MACD with option to use different MAs for fa …
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Tao te Trade: way of the WLD
30 thanks
Supertradersams Thread Journal on NQ/MNQ
25 thanks
Deaddogs Stock Trading
23 thanks
GFIs1 1 DAX trade per day journal
22 thanks
Daytrading ES & NQ
13 thanks

(login for full post details)
  #1762 (permalink)
 
Surly's Avatar
 Surly 
denver, colorado
 
Experience: Intermediate
Platform: NT
Trading: ZS
Posts: 704 since Mar 2011
Thanks Given: 628
Thanks Received: 1,263

(posted this q in wrong thread before....)

I have a question about using the eth vwap vs rth vwap. In my limited experience it seems that the eth vwap and its deviations provides reference levels early in the day but then the rth vwap and its deviations begins to become more "relevant" as the day goes on, for instance after 9:30 or so CST (sometimes on low volatility days the two vwaps will converge later in the day).

Do any of you have rules of thumb for when you pay attention to eth vwap vs. rth vwap? Do you watch both all day or do you have a preference for one vs. the other during different parts of the day? Thanks in advance!

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
Visit my NexusFi Trade Journal Reply With Quote
The following 2 users say Thank You to Surly for this post:
(login for full post details)
  #1763 (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



Surly View Post
(posted this q in wrong thread before....)

I have a question about using the eth vwap vs rth vwap. In my limited experience it seems that the eth vwap and its deviations provides reference levels early in the day but then the rth vwap and its deviations begins to become more "relevant" as the day goes on, for instance after 9:30 or so CST (sometimes on low volatility days the two vwaps will converge later in the day).

Do any of you have rules of thumb for when you pay attention to eth vwap vs. rth vwap? Do you watch both all day or do you have a preference for one vs. the other during different parts of the day? Thanks in advance!


@Surly

I dont think you will ever get a real clear awnser to this question

Recently i have only been focusing on ETH vwap for developing value and keep an eye on just RTH vwap not the Developing value

Think its just some think you have to play with and learn with time and experience

ETH seemes to be more reliable though, but the RTH developing value and vwap can come into play after a few hrs in RTH session

Hope this helps

" 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 3 users say Thank You to greenr for this post:
(login for full post details)
  #1764 (permalink)
 
COTtrader's Avatar
 COTtrader 
JACKSON, MICHIGAN
Legendary Market Wizard
 
Experience: Intermediate
Platform: TS and Trading View
Broker: TS
Trading: ES Awesome!
Posts: 955 since Jul 2009
Thanks Given: 406
Thanks Received: 648

Ben,

Interestingly, the pix was recorded before RTH session close. ON did not retest the 1576 level.

Thanx for the reply. Appreciated.

Ken


Private Banker View Post
Hey Ken,

Looks good. Its very rare that the market will make an absolute high or low in the ON session without having the RTH come back and test those levels. But you never know right?

Cheers,
Ben


Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to COTtrader for this post:
(login for full post details)
  #1765 (permalink)
 
Surly's Avatar
 Surly 
denver, colorado
 
Experience: Intermediate
Platform: NT
Trading: ZS
Posts: 704 since Mar 2011
Thanks Given: 628
Thanks Received: 1,263


greenr View Post
@Surly

I dont think you will ever get a real clear awnser to this question

Recently i have only been focusing on ETH vwap for developing value and keep an eye on just RTH vwap not the Developing value

Think its just some think you have to play with and learn with time and experience

ETH seemes to be more reliable though, but the RTH developing value and vwap can come into play after a few hrs in RTH session

Hope this helps

Thanks Ryan - I think you're totally right that there's really no black and white answer. I am using the basic rule of thumb that I use eth vwap until about 9:30 cst and then rth vwap thereafter. Although I do keep the eth vwap up all the time because on some days it is still relevant as a reference. Agreed too that it all starts to make more sense with experience - once you've trained your subconscious to recognize these things it gets easier...

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
Visit my NexusFi Trade Journal Reply With Quote
(login for full post details)
  #1766 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863


Surly View Post
(posted this q in wrong thread before....)

I have a question about using the eth vwap vs rth vwap. In my limited experience it seems that the eth vwap and its deviations provides reference levels early in the day but then the rth vwap and its deviations begins to become more "relevant" as the day goes on, for instance after 9:30 or so CST (sometimes on low volatility days the two vwaps will converge later in the day).

Do any of you have rules of thumb for when you pay attention to eth vwap vs. rth vwap? Do you watch both all day or do you have a preference for one vs. the other during different parts of the day? Thanks in advance!

Generally, the globex VWAP (ETH) will be the best reference for the first hour and then you'll notice as you said, the RTH and ETH will converge. The ETH can be used throughout the day though and many traders only use this setting. It comes down to a personal preference but if you were going to weigh one over the other, I'd say the ETH makes the most sense.

Of course you don't want to take a trade off a VWAP level without there being a good bigger picture confluence.

Reply With Quote
The following 8 users say Thank You to Private Banker for this post:
(login for full post details)
  #1767 (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

short eth val..

Visit my NexusFi Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to bobarian for this post:
(login for full post details)
  #1768 (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

out .38

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)
  #1769 (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

i initially had the stop at 20 ticks...my typical setting 1:1 ratio...gotta love moving the stop, and getting hit..then watch it go

Visit my NexusFi Trade Journal Started this thread Reply With Quote
(login for full post details)
  #1770 (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


AND stopped at the highs of the swing...love it!!
btw..target was just above rth lod

Visit my NexusFi Trade Journal Started this thread Reply With Quote





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