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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

  #71 (permalink)
 
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 bobarian 
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vol is so low

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  #72 (permalink)
 greenr 
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bobarian View Post
vol is so low

Yes todays open was poor

Good sign on a wednesday traders are waiting for the inventory report at 10:30 and are sitting on hands with no overall bias

" 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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  #73 (permalink)
 
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 bobarian 
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greenr View Post
Yes todays open was poor

Good sign on a wednesday traders are waiting for the inventory report at 10:30 and are sitting on hands with no overall bias

i agree,but usually tradable till 10 am

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  #74 (permalink)
 greenr 
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bobarian View Post
i agree,but usually tradable till 10 am

Yep indeed

Just one of them days

We are currently in value and seem to be balanced

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  #75 (permalink)
 
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 bobarian 
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i set the time for 2:30 to 2:30
i like this better

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  #76 (permalink)
 greenr 
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bobarian View Post
i set the time for 2:30 to 2:30
i like this better

I just went long at the low of todays profile and Db area and low of IB

Long 88.52`s

Tight 1`st target (limit risk) @ VPOC 65`s

Stop 45`s

If we dont see a quick rejection of this area i will flatten

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  #77 (permalink)
 
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 bobarian 
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i just flattened,it seems to me, vwap 1ststd dev/edge of profile is likely to hold...but,the action is so slow,even for an inventory day
40 tick range,and we just dipped into yest value area..a support at this point

Also,im using the tpo, which is obviously time based.On the profile charts(1 min),im not using vol mp.Its time based.Alot of times they overlap, but not always

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  #78 (permalink)
 
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 bobarian 
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i was on vacation last week, and read Jim Daltons "markets in Profile."A very good read, imo

Trying to expand on my understanding(beginner) on the mp,a few thoughts occur to me.

1. for the cl ,expect rangebound days,4 out of 5 days a week.With that said,always look to fade the extremes(that have confluence)
2.trend days,with elongated profiles,dont fade.Now, hopefully, the tpo will give us a heads up,as to when to be alert for a potential trend day...for ex,a divergence in the value area,at a likely pivot.

3.The cl brackets.Look to the extremes to hold,until they break.Its never perfect,but be alert,dont expect a break,and if it does break out,need major initiating vol.

4.vwap is very important,and ive been wanting to adjust this for a while.

5.Keep it simple,more later

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  #79 (permalink)
 greenr 
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greenr View Post
I just went long at the low of todays profile and Db area and low of IB

Long 88.52`s

Tight 1`st target (limit risk) @ VPOC 65`s

Stop 45`s

If we dont see a quick rejection of this area i will flatten

Risk free now

Lets see were we want to go

I want to see vertical price exploration to the long side



Now i have to make a deceison before the report.....hmmm

Ultimate slippage

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  #80 (permalink)
 
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 bobarian 
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greenr View Post
I just went long at the low of todays profile and Db area and low of IB

Long 88.52`s

Tight 1`st target (limit risk) @ VPOC 65`s

Stop 45`s

If we dont see a quick rejection of this area i will flatten

looking to cover on opposite 1st sdt dev?or,ib high?
very tight

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