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 360,931 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

  #371 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
Thanks Given: 665
Thanks Received: 582

looks like a good setup !

shane

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Exit Strategy
NinjaTrader
Trade idea based off three indicators.
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
27 thanks
Tao te Trade: way of the WLD
24 thanks
Diary of a simple price action trader
22 thanks
My NQ Trading Journal
14 thanks
GFIs1 1 DAX trade per day journal
9 thanks
  #372 (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

Ok i have scaled out 3/4 of this position i was in

I dont noramlly trade with 4 it depends on what situation i am in

Today was either add to the small losing day with the position to turn it posotive

I am going to hold this position into the crude report at 11:00 today

If we see oil tank on the report it will be a great end to the week

The market choses now, im risk free and going to sit and wait



this 11:00 EST oli news is going to be a weird one as its normally on a wednesday at 10:30 EST

Traders hate change to routine

" 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
  #373 (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


Really dissapointing day today....dont fight the tide.Thats basically it.I look at levels above, and determine a bias,but the developing day trumps my short bias.I have been using the mas on and off forever.

Basically, they work well when there is confluence.The best trades occur off the vwap levels.

Also,to take a counter trend trade,against a sloping 15 ma,i need adequate room, and the entry should coincide with an important pivot

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #374 (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

I was not going to post this as it was a reaction off the report and a failiure above the IB and $93

I took a re entry

trying holding for lower 1st DEv vwap



worked out eventually

have a good week end people

" 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
  #375 (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
I was not going to post this as it was a reaction off the report and a failiure above the IB and $93

I took a re entry

trying holding for lower 1st DEv vwap

Attachment 98638

worked out eventually

have a good week end people

nice work today Ryan

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #376 (permalink)
 
PHXtrader's Avatar
 PHXtrader 
Boston
 
Experience: Intermediate
Platform: Jigsaw
Trading: NQ
Posts: 84 since Apr 2011
Thanks Given: 48
Thanks Received: 76

What a great thread!! Just got caught up. Thanks to everyone putting in the time here.
And dam you Bob for getting me hooked again

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #377 (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

So monday morning

No major news out......

My 3 hypothesis

I have been looking at the last 3 trading profiles combined



I have also been looking at the bracket we are in TPO compostie and longer term Volume composite

Since we had the break out rally and the gap up on the 31/12/2012 we have just been rotating in a high volume area



Here is the high volume areas on a volomue composite since roughy 21/02/2012



as you can see we had a high voulme bracket below @87.50 to 84.80

we broke up in a up trend and rallyed up to the next high vloume area

We have a break out level ahead of us @ 94.56 which will act as over head support and the high of the TPO composite

we are clearly in a bull market at the moment



The longer term picture shows we are right in the middle though, at the higher end of a bracket



I expect to see a test of the 94.56 break out level this week...weather we will see a break to the upside or not is another thing

1. So today my plan is to buy the lows of the 3day composite looking for rotations back up into value above

2. If we fail to hold the 3 day value area i will look for a break out to the next area below $92

" 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
Thanked by:
  #378 (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

IM going to make a new habbit of not showing my entries any more and focus on more analysis, market structure and trade locations

I bought the open as i said im expecting buying in this area and rotations up today untill we show we are looking to break lower





Im long 92.50 and im expecting to see a revisit of $93 today

lasy week $93 was a choppy area

This is also in the middle of that cluster of high volume on the composits

so what we saw on the open was a "open Drive long"

What i want to see now is this single TPO wich hold and value to start moving up with price

This is a great monday morning open....nicely executed too i must say

Now just to wait for the rest of the day to unfold and to monitor the condition of the market and watch sharply for change

" 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
  #379 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
Thanks Given: 665
Thanks Received: 582

that trade is looking good for you !

Reply With Quote
  #380 (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



shanemcdonald28 View Post
that trade is looking good for you !

If this situation plays out right, im going to try hold as long as i can today

Its the markets choice now

we could just see a range bound day inside fridays profile

" 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




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