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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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  #741 (permalink)
 
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 Private Banker 
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Fat Tails View Post
Just technically speaking the best approach to find the value area would use the median. The median divides the volume into to equal fractions of 50%, half of the volume of the current session can be found above the median and half of the volume can be found below the median.


When 68% of the daily volume is used to identify the value area, then the picture would be as shown below.




Alternatively Median and value area can be calculated from TPOs. In that case the value area is narrower.




As you said the VWAP helps with confluent trade locations as it is widely used by large traders. The bands that I use are modified standard deviation bands and cannot be compared with the VWAP bands used by the ACME indicator.


Looks like we're splitting hairs here. Interesting indicators though.

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  #742 (permalink)
 
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 Private Banker 
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We have a beautiful short right off of yesterday's POC. Market is doing what I was looking for yesterday morning. Nice to see this come to fruition.


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 Profiler 
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PB- why was it a short? Obviously it went down but what was reason for selling it? Wouldnt an open at previous days vpoc indicate chop?

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 greenr 
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Private Banker View Post
We have a beautiful short right off of yesterday's POC. Market is doing what I was looking for yesterday morning. Nice to see this come to fruition.


I just sat there and watch the train leave with out me

I just took a long at these lows



See if we can get back into ETH Vwap value

I dont like knowing the fact that im on the other side of the market.......PB!

" 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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 Private Banker 
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Profiler View Post
PB- why was it a short? Obviously it went down but what was reason for selling it? Wouldnt an open at previous days vpoc indicate chop?

You have to look beyond value areas and poc's/vpoc's. The market was in an incredibly tight range yesterday. More often than not, we will see huge rejection the following day. It happens all the time. I was looking for the market to fill in/repair the 29th's profile at the lower end of its distribution. We just wouldn't go there yesterday so today was the perfect opportunity.

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 greenr 
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When we get a short covering profile like this

"P" shape

I merged yesterdays with Tuesdays

We normally get a correction to the down side

Right PB?


" 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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 Private Banker 
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greenr View Post
When we get a short covering profile like this

"P" shape

I merged yesterdays with Tuesdays

We normally get a correction to the down side

Right PB?

Attachment 101137

All the market is doing is simply filling in the lower end of that profile. Its possible that we just rotate now and fill in volume.

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Here's an encore trade. This may have limited opportunity but the symmetry was good. Sold the DVAH which was confluent with yesterday's low. Got fully scaled out and just waiting to see what happens. Could get nailed on remaining 1/3 but in a guaranteed profitable position now.




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 greenr 
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Private Banker View Post
Here's an encore trade. This may have limited opportunity but the symmetry was good. Sold the DVAH which was confluent with yesterday's low. Got fully scaled out and just waiting to see what happens. Could get nailed on remaining 1/3 but in a guaranteed profitable position now.




Is that your special Vwap again.....


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 Private Banker 
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Added to my short at yesterday's ledge.


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Last Updated on July 17, 2015


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