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 358,017 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

(login for full post details)
  #631 (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


trendisyourfriend View Post
Trying to predict anything is a surefire way to become a mediocre trader. Ideally, you want to identify certain areas that offer a low risk but a great reward. You want to do this ahead of time to be prepared to all eventualities. I know it seems like playing with words but there is a subtil difference.

Yes 100% im not great with word to be honest and i normally use the wrong ones

predict was not the best use of words

But all i know is knowing some things are probable and you watch them unfold if that makes better sense?

" 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
The following user says Thank You to greenr for this post:

Can you help answer these questions
from other members on NexusFi?
Futures Close-Out Policy
Commodities
Looking for an MQL4 MetaTrader programmer/coder
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Request for MACD with option to use different MAs for fa …
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
33 thanks
Daytrading ES & NQ
32 thanks
Battlestations: Show us your trading desks!
30 thanks
Spoo-nalysis ES e-mini futures S&P 500
28 thanks
Retail Trading As An Industry
25 thanks

(login for full post details)
  #632 (permalink)
 jngrim 
new york, ny/usa
 
Experience: Beginner
Platform: nt
Trading: futures
Posts: 128 since May 2012
Thanks Given: 32
Thanks Received: 50


Private Banker View Post
Don't say I didn't warn you, lol!!! Now that is what I call a spike!



Take a look at the footprint as it began really all the way from yesterday's close level. There was a huge seller(s) up there. You can see a huge drop in delta and then a gradual decline before the market completely fell out of balance. Also note the buyers that were buying the lows either bailed or reversed. Someone got nailed here!


PB,
I have been following this thread and watching how you analyze the CL like th others. I have been following and I loading the 1500 tick chart and I have very different numbers. Are you using updowntick or bidask data? Also are you using the RTH session? thanks

Reply With Quote
(login for full post details)
  #633 (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



jngrim View Post
PB,
I have been following this thread and watching how you analyze the CL like th others. I have been following and I loading the 1500 tick chart and I have very different numbers. Are you using updowntick or bidask data? Also are you using the RTH session? thanks

This is a RTH chart with UpDownTick.

Reply With Quote
(login for full post details)
  #634 (permalink)
 benrock 
hampton bays
 
Experience: Master
Platform: ninjatrader , TOS
Broker: CQG
Trading: FUTURES
Posts: 85 since Mar 2012





this is what i saw using the market profile tpo mix , seems to give it a nice bracket ,

thanks greenr you guys are great traders and got me looking at this stuff .

Follow me on Twitter Reply With Quote
(login for full post details)
  #635 (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


benrock View Post




this is what i saw using the market profile tpo mix , seems to give it a nice bracket ,

thanks greenr you guys are great traders and got me looking at this stuff .

Good to see your here bro

" 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
(login for full post details)
  #636 (permalink)
 benrock 
hampton bays
 
Experience: Master
Platform: ninjatrader , TOS
Broker: CQG
Trading: FUTURES
Posts: 85 since Mar 2012

thanks man , i love this mp stuff

great stuff you have been writing and sharing greenr

Follow me on Twitter Reply With Quote
(login for full post details)
  #637 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
Thanks Given: 665
Thanks Received: 582


benrock View Post




this is what i saw using the market profile tpo mix , seems to give it a nice bracket ,

thanks greenr you guys are great traders and got me looking at this stuff .

hi
do you use 5 day 15 min generally on TOS chart ?
do you ever use 1 day ?

thanks
shane

Reply With Quote
(login for full post details)
  #638 (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

Well respected bullish daily trend line


" 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
(login for full post details)
  #639 (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

Todays open

Ok here what i saw and did today

We opened inside yesterdays range and in side yesterdays value area (market in balance)

Saw a drive up on the open towards a high volume area closing out yesterdays POC

I have correct levels today, i have changed my TPO software due to ongoing issues

The new software looks great ( TPO and [AUTOLINK]Volume Profile[/AUTOLINK] Chart for NinjaTrader)

Took a short leaning against the high volume area above and yesterdays POC and we are in the higher end of yesterdays value area

on the rotation up to the POC i saw selling pressure in my foot print chart

I have changed to a 1500 tick as advised my Mr PB to get a more clear better reading of order flow





im not going to get fooled like i did yesterday and targets on this trade at the moment will be ETH vwap value area

1st of all though will have to see the markets response to yesterdays Value Area Lows @ $95.90`s we could see buyers resond in this area



Nearly got 1st and 2nd scale 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"
Reply With Quote
The following 5 users say Thank You to greenr for this post:
(login for full post details)
  #640 (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



greenr View Post
Todays open

Ok here what i saw and did today

We opened inside yesterdays range and in side yesterdays value area (market in balance)

Saw a drive up on the open towards a high volume area closing out yesterdays POC

I have correct levels today, i have changed my TPO software due to ongoing issues

The new software looks great ( TPO and [AUTOLINK]Volume Profile[/AUTOLINK] Chart for NinjaTrader)

Took a short leaning against the high volume area above and yesterdays POC and we are in the higher end of yesterdays value area

on the rotation up to the POC i saw selling pressure in my foot print chart

I have changed to a 1500 tick as advised my Mr PB to get a more clear better reading of order flow

Attachment 100388

Attachment 100389

im not going to get fooled like i did yesterday and targets on this trade at the moment will be ETH vwap value area

1st of all though will have to see the markets response to yesterdays Value Area Lows @ $95.90`s we could see buyers resond in this area

Attachment 100390

Nearly got 1st and 2nd scale out

Still holdin this short and this is what im thinking

I want to see price hold below todays RTH vwap middle

and

Hold the highs of ETH vwap 1st dev high

Delta is negative still below ZERO

If we continuie to hold this are i will flatten my runner in todays RTH value area





We just got a nice seller coming in @ todays RTH Vwap pushing price out of value

Lets see if we can get a follow though to the down side now


" 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
The following 2 users say Thank You to greenr for this post:





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