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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

  #521 (permalink)
 
bobarian's Avatar
 bobarian 
whitestone, new york
 
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greenr View Post
Today i was wrong on the open

Missed the opptunity to buy the rejection of yesterdays value

But i sold yesterdays highs with the folowing info

Attachment 99580Nice job Ryan,that isnt a 144 tick for the footprint, what are you using?



Attachment 99581

Got risk covered....looking for a break below todays IB and acception back into yesterdays value

what are you using for the chart on the footprint?not a 144 tick, obviously

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  #522 (permalink)
 greenr 
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greenr View Post
Business Inventories out in 2 minuits

Im just following the best......

Ill hook you up with the momentum bars later on...ill have to dig them out


" 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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  #523 (permalink)
 greenr 
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Sorry Big Mike if this is Elite

Im 99% sure it not though

OK link bleow as advised this is Elite

Thanks @Silvester17

dont want to tread on Mikes Big Toes

" 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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  #524 (permalink)
 
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 Silvester17 
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greenr View Post
Sorry Big Mike if this is Elite

Im 99% sure it not though

Attachment 99594

yes it is. just post the link of the thread without the zip file



ps there're newer versions than the r589

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  #525 (permalink)
 greenr 
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greenr View Post
Today i was wrong on the open

Missed the opptunity to buy the rejection of yesterdays value

But i sold yesterdays highs with the folowing info

Attachment 99580


Attachment 99581

Got risk covered....looking for a break below todays IB and acception back into yesterdays value

Finally got my last scale out here, slow day...alot of patience


" 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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  #526 (permalink)
 
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 Private Banker 
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It took forever to finally find a set up but I got a nice move after the lunch hour and into the close. The market appeared to be making an artificial floor all morning and attracting weak hand buyers. My bias changed to short after this AM when we failed to make a new high from yesterday. The destination then becomes Y's lower end of its range. We finally made a retracement up to the DVAH and I got short from there. I considered selling the RTH VWAP earlier which would have been valid throughout the day but I wanted to wait for some nice confluence. Had the market run away, I could've always got in somewhere later down the line. Anyway, nice close into the end of the day.


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  #527 (permalink)
 
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 Private Banker 
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The daily ranges have been fairly frustrating lately so, I thought I'd take a look at the bigger picture and see what we have occurring here.

Here's a daily chart plotting the Average True Range for 30 days as well as the volume with a 30 day average. What's interesting here is we continue to have a decline in the daily range while it is clear that volume is starting to move above the average. Keep in mind we're coming out of the holiday season which has a clear affect on the averages but it'll be interesting to see if we can continue to climb from these lows.



Here's a chart of the daily Oil Vix reflecting the same context coming from its lows which is seasonal but could provide a catalyst for some higher volatility.



The market looks like it wants to continue to push higher however, it could not take out yesterday's high but remained with in yesterday's balance and value (inside day). The afternoon spike was just a classic probe to take out some levels. We've been balancing at these highs for quite some time now, I'd think we would get a nice break from here at some point.

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  #528 (permalink)
shanemcdonald28
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Oil is at trendline resistance on monthly, weeklly , and daily charts. I am not sure how everyone feels about trendlines, but it could have something to do with it.

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  #529 (permalink)
 
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 Private Banker 
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shanemcdonald28 View Post
Oil is at trendline resistance on monthly, weeklly , and daily charts. I am not sure how everyone feels about trendlines, but it could have something to do with it.

Yep, that certainly has something to do with it. I've posted this chart on here before saying that would be the next area of potential resistance and sure enough, here we are.


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  #530 (permalink)
 kulu 
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Private Banker View Post
Took the long from Y's VAH and managed to get both scales. Market could not take out Y's high however and still trading within its IB. Holding pattern here. Still looking for a test of the ON high if we can get a range expansion. Tough call here because of the stall at Y's high.


@Private Banker

With this long from this morning, where would your stop be? Wouldn't it have to be on the other side of the POC, which makes it a large stop? Wouldn't you consider this trade, trading in the middle? I understand that we were testing a VAH, but I thought you like the extremes, which this is not. I am sure the trade worked out since you took your both your scale outs, but just asking for education purposes

Thanks for all your posts by the way. We really appreciate you

Kulu

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