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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

  #341 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
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Think or Swim. I keep it open but do not trade from it due to the java based engine which has frozen on me too many times. But I do like the charting and built in market profile. I trade from ninja,
I was wondering what the purple lines are in your chart coming from the right ?

I appreciate all of this great info you guys post in here. Great stuff.
What program is the vwap chart from ?

thanks

shane

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  #342 (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
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shanemcdonald28 View Post
Think or Swim. I keep it open but do not trade from it due to the java based engine which has frozen on me too many times. But I do like the charting and built in market profile. I trade from ninja,
I was wondering what the purple lines are in your chart coming from the right ?

I appreciate all of this great info you guys post in here. Great stuff.
What program is the vwap chart from ?

thanks

shane

The lines are unfilled gaps (the space between the lines). Previous session highs and lows that have not been revisited.

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  #343 (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
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Private Banker View Post
Here is what I'm looking at currently from a daily gap perspective. I define a gap based on a daily range perspective vs. the traditional close level that many use. The two above are 95.47 and 102.36. This is on TOS which provides a continuous contract. You can also see that there are small gaps below which could create a domino effect should the market drop lower.


Hmmmi have got a continious contract on Ninja Trader CL ##-##

Does not match up perfect though


" 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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  #344 (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
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Private Banker View Post
Yep, you will always be learning in trading no matter your experience level. The moment you think you know it all is the moment you've fallen behind. That's what's so great about this business, there's always something new.

The bars featured are RTH daily bars on a continuous contract.

Dam right

Iv found

as soon as you think you cracked it and you have made it

You have doomed your self and might as well file for bankruptcy ASAP

" 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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  #345 (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
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greenr View Post
Hmmmi have got a continious contract on Ninja Trader CL ##-##

Does not match up perfect though

Attachment 98563

Hmmmm. Could be a data issue or something. That's interesting though. I wonder if you're using a back adjusted contract, you'll get different levels. That's the tough thing with looking at long term futures contract charts and with CL rolling every month, it makes it even more complicated I would imagine.

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  #346 (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
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Private Banker View Post
Hmmmm. Could be a data issue or something. That's interesting though. I wonder if you're using a back adjusted contract, you'll get different levels. That's the tough thing with looking at long term futures contract charts and with CL rolling every month, it makes it even more complicated I would imagine.

Indeed, its a pain in the ass!

This is not an easy game i suppose

Ill figure it out some how, im tempted to get TOS i have been temted for ages

Just for longer term analysis

Does the gap indicator you are using come built in

Or is it a special one like the joint Volume TPO chart you posted just before x mas (super cool)

You always pull something out that fascinates me

Any ways

GET BACK TO YOUR RELAXING VACATION

Ill tackle you when you back in business if i have not worked it out by then

" 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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  #347 (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


greenr View Post
Indeed, its a pain in the ass!

This is not an easy game i suppose

Ill figure it out some how, im tempted to get TOS i have been temted for ages

Just for longer term analysis

Does the gap indicator you are using come built in

Or is it a special one like the joint Volume TPO chart you posted just before x mas (super cool)

You always pull something out that fascinates me

Any ways

GET BACK TO YOUR RELAXING VACATION

Ill tackle you when you back in business if i have not worked it out by then

TOS is best for bigger picture analysis vs. intra-day charting as it is well known to freeze up during high volume periods, etc. but certainly worth getting for the bigger picture stuff. I know there's a way for NT to provide the same levels though. Try connecting to the Kinetick end of day data with the continuous contract while not being connected to your broker's feed. That may work better.

For the gaps, no indicator is used for that. I just draw a line from the gap low to the high while making sure the price levels match the corresponding highs and lows. Nothing special needed. I'm sure an indicator can be created but it takes a second to draw out a line so, I'm fine with that.

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  #348 (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


Private Banker View Post
TOS is best for bigger picture analysis vs. intra-day charting as it is well known to freeze up during high volume periods, etc. but certainly worth getting for the bigger picture stuff. I know there's a way for NT to provide the same levels though. Try connecting to the Kinetick end of day data with the continuous contract while not being connected to your broker's feed. That may work better.

For the gaps, no indicator is used for that. I just draw a line from the gap low to the high while making sure the price levels match the corresponding highs and lows. Nothing special needed. I'm sure an indicator can be created but it takes a second to draw out a line so, I'm fine with that.

i'm a believer in having indicators for some stuff helps but it stops us printing it onto your minds making it intuitive

So i see your point

you remember drawing them and its so simple why bother relying on a program

Thanks PB

you are the man.......

" 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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  #349 (permalink)
 
bobarian's Avatar
 bobarian 
whitestone, new york
 
Experience: Intermediate
Platform: ninja trader
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greenr View Post
LoL so funny

I love it when i come america and get into deep conversations with natives

some times its as if were talking complete different languages

so here is a UK spanner

Attachment 98561

Here is Private Banker throwing a spanner into my brain

Attachment 98562

so a spanner is a fixer??got it

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  #350 (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



greenr View Post
Here you go buddy

Attachment 98555

Ill send you my date vwap indicator and template over skype as im not sure if it Elite or not

not surprised cl moved away from this area..premarket has been volatile

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