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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

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  #601 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
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Well if you use MR and PB in the same post then i take it as a strong case for using 30 minutes


greenr View Post
Ok i used to use a 1 HR IB for CL as i thought this was the correct calculation

but......

MR @Private Banker informed me that the correct IB for CL is actually 30 min and this is know by the CL pit traders

The reason i believe is they calculate the 1st 30 MIN for the IB before the Equities open at 9:30 EST


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  #602 (permalink)
 greenr 
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trendisyourfriend View Post
Well if you use MR and PB in the same post then i take it as a strong case for using 30 minutes

The exact reason why i have read every were that the IB is the 1st 1 hr of trading traditionally

Then PB threw the spanned in the works again as usual (spanner = wrench) UK terms

and i did not argue....just took note as usual

" 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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  #603 (permalink)
 
Private Banker's Avatar
 Private Banker 
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greenr View Post
The exact reason why i have read every were that the IB is the 1st 1 hr of trading traditionally

Then PB threw the spanned in the works again as usual (spanner = wrench) UK terms

and i did not argue....just took note as usual

The idea is to see what the market does before the cash market opens.

Whenever evaluating something like this, simply look at how the market engages the referenced levels. Do people trade CL using the traditional IB period? Of course but this is something that I've learned over the years and the levels have worked very well for me.

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  #604 (permalink)
 jngrim 
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To all in this thread,
this is the most informative thread I have had the opportunity to see. great stuff. I am hoping someone can steer me in the right direction. I seem to have a problem with contract rollover. I am able to fix the forward month contract but I am having trouble fixing CL #-##. Can someone help? I think is wrong because the 1/16 HOD is showing 94.36 while on 1/17 HOD is showing 96.50. Is this correct? Thanks

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  #605 (permalink)
shanemcdonald28
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jngrim View Post
To all in this thread,
this is the most informative thread I have had the opportunity to see. great stuff. I am hoping someone can steer me in the right direction. I seem to have a problem with contract rollover. I am able to fix the forward month contract but I am having trouble fixing CL #-##. Can someone help? I think is wrong because the 1/16 HOD is showing 94.36 while on 1/17 HOD is showing 96.50. Is this correct? Thanks

If it is Ninja, then you will have to manually edit the contract rollover month. In the instrument manager, select the instrument and click edit.
click the misc tab and scroll to the bottom and select contract months on the right side.
Open the dialog box and select the month to edit, and on the right , enter the correct rollover date.

This has happened to me a few times on ninja, due to incorrect rollover dates.

If you are not using ninja, then perhaps the session template is not correct. Try a different session template.

shane

sorry, you already fixed the front month
wrong answer

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  #606 (permalink)
 greenr 
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jngrim View Post
To all in this thread,
this is the most informative thread I have had the opportunity to see. great stuff. I am hoping someone can steer me in the right direction. I seem to have a problem with contract rollover. I am able to fix the forward month contract but I am having trouble fixing CL #-##. Can someone help? I think is wrong because the 1/16 HOD is showing 94.36 while on 1/17 HOD is showing 96.50. Is this correct? Thanks

Hey check this post @jngrim



but set the date to the day before for the CL 03-13 rollover

so 01/17/2013 instead of 01/18/2013

I had to set it a day foreward to get the correct levels

" 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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  #607 (permalink)
 
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 Private Banker 
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Crude continues to find bid here. We just continue to drift higher and higher. Looking at a bigger picture perspective we can see that the market is trading within "value" and seems determined to run up to the upper 1st SD level (VAH). The RSI is well within the overbought territory however, this can remain overbought for quite some time. We still have a good sized gap above that could be on target to getting filled as well and maybe take us up to the 105 area.



Usually whenever you see the market continue to limp/melt higher like this, its followed with a violent sell off. We've seen this over and over. With the daily ranges continuing to be fairly subdued, it increases the chances for a crushing reversal but who knows, maybe we test the swing high of 114s but it just looks like a trap. This appears to be the case in just about all risk markets. Everyone on the street seems to be bullish, the world is saved, we can borrow into eternity with zero repercussions, lol! Good luck with that right?

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  #608 (permalink)
 greenr 
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Ok here is what i saw and did on the open

We open inside yesterdays value (inside day)

Saw Initiative selling on the open drive, down into a high volume area and a test of yesterdays POC ( a refence point)



We also held the lows of yesterdays 1st Dev Vwap value area low



ON the ETH vwap we are clearly out of value hitting the 2nd / 3rd Vwap dev areas, but can see alot of voulme be in put in here around the 96.20 to 69.30 area



Last of all i saw clear buying in this are on the footprint (buying absorption)



The over all market direction is up on the BIG PICTURE

With this sort of open drive down we would normally see a continuation to the down side, im going to see if we can hold this area below us for the time being

If we continue to reject today Vwap value area then i will have to re consider my position

" 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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  #609 (permalink)
 greenr 
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greenr View Post
Ok here is what i saw and did on the open

We open inside yesterdays value (inside day)

Saw Initiative selling on the open drive, down into a high volume area and a test of yesterdays POC ( a refence point)

Attachment 100276

We also held the lows of yesterdays 1st Dev Vwap value area low

Attachment 100277

ON the ETH vwap we are clearly out of value hitting the 2nd / 3rd Vwap dev areas, but can see alot of voulme be in put in here around the 96.20 to 69.30 area

Attachment 100278

Last of all i saw clear buying in this are on the footprint (buying absorption)

Attachment 100279

The over all market direction is up on the BIG PICTURE

With this sort of open drive down we would normally see a continuation to the down side, im going to see if we can hold this area below us for the time being

If we continue to reject today Vwap value area then i will have to re consider my position

Ok so we now have a single print tail in "A" period

we saw buyer responding after the open sell drive, this is now a good day ref point if we can hold the single print TPOs



Here is the buying absorbition on the foot print



I now would like to see price hold Value on the ETH Vwap and rotations to the Middle and higher 1st dev

IF we cannot hold ETH Vwap value then we will possiby see this makret test lower areas


" 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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  #610 (permalink)
 greenr 
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" 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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Last Updated on July 17, 2015


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