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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

  #321 (permalink)
 
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 bobarian 
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i didnt take that long,tho,right on top of vwap.ugghh

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  #322 (permalink)
 greenr 
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Here was the next best oppotunity in my eyes

We closed the open gap from yesterdays close @ 93.10

We hit a low volume ledge from yesterday volume profile

We were in the 2nd/3rd Dev Vwap area (Over bought)

We rotated clearly side ways in a range from 93.08 to 93.19 with doubble top resistance above us @ 93.22



It was a doubble top area from yesterday



Here was the market structure for the trade set up





Just another observation, we also hit the month Vwap 1st upper Dev



As were only 2 days into the trading months i really dont know how relevent this is...but an observation

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  #323 (permalink)
 
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 bobarian 
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price stopped at a hvn(could it be called that?)
Could be taking a breather, then head back up

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  #324 (permalink)
 greenr 
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bobarian View Post
price stopped at a hvn(could it be called that?)
Could be taking a breather, then head back up

Well the IB is in ( 57 cent range)

We just got a developing Vpoc shift up to the highs and no follow thorugh up

I would say were going to rotate in this IB range untill 2:00 EST may be



Im holding for 1st lower dev Vwap


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  #325 (permalink)
 
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 lrfsdad 
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Hey Guys, gotta head out, but this is what I see based on the parameters of this thread:
small buying tail, in value based on yesterdays VA. I have a book that claims if you spend two 30 min periods in Yesterdays VA, there is a 80% change it will fill. We'll see if my analysis is right when I get back. Good luck. There is higher lows on the 30min.

Sorry if my screen shots are kinda tacky, just using the free snipping tool that came with computer

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  #326 (permalink)
 
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 bobarian 
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lrfsdad View Post
Hey Guys, gotta head out, but this is what I see based on the parameters of this thread:
small buying tail, in value based on yesterdays VA. I have a book that claims if you spend two 30 min periods in Yesterdays VA, there is a 80% change it will fill. We'll see if my analysis is right when I get back. Good luck. There is higher lows on the 30min.

Sorry if my screen shots are kinda tacky, just using the free snipping tool that came with computer

could be...fomc minutes later,could be slow

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  #327 (permalink)
 
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 Private Banker 
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greenr View Post
Attachment 98531

As were only 2 days into the trading months i really dont know how relevent this is...but an observation

Happy New Year!

There really is no relevance of the developing monthly VWAP at this point. You should be focusing on the previous month's VWAP close levels when looking at the bigger picture. The market has been finding resistance thus far at the 3rd SD closing level from last month and very far away (stretched) from last month's closing VWAP (88.00 area). This could be a magnet for price to works its way down and tag that level. There's a lot of work to do in the meantime to get there however so, not thinking this will happen anytime soon but you never know. We still have two unfilled gaps above that could be revisited before going lower. Looking neutral right now with a slight bias to the upside since the Ponzi machine has prevailed.

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  #328 (permalink)
 greenr 
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Private Banker View Post
Happy New Year!

There really is no relevance of the developing monthly VWAP at this point. You should be focusing on the previous month's VWAP close levels when looking at the bigger picture. The market has been finding resistance thus far at the 3rd SD closing level from last month and very far away (stretched) from last month's closing VWAP (88.00 area). This could be a magnet for price to works its way down and tag that level. There's a lot of work to do in the meantime to get there however so, not thinking this will happen anytime soon but you never know. We still have two unfilled gaps above that could be revisited before going lower. Looking neutral right now with a slight bias to the upside since the Ponzi machine has prevailed.

Glad to see you back dear kind sir

Hope you had a great vacation and Happy new year

Thanks for the reply, greatful as usual

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  #329 (permalink)
 
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 Private Banker 
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greenr View Post
Glad to see you back dear kind sir

Hope you had a great vacation and Happy new year

Thanks for the reply, greatful as usual

Thank you! My vacation is not over yet but have been keeping an eye on things because of the current market events. I'll be back in action full time next week but had a great New Year.

Cheers

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  #330 (permalink)
 greenr 
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@Private Banker

What open gap levels do you have above

I can only see 1 @ $96.50

I only have my profile data loaded for 120 days at the moment

so any thing above $101 i cant see yet

Just curious to see if our software is on the same planet

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