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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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  #871 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
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greenr View Post
Went long at the 2ND IB extension

we are at the extremes of the last two days

Say major cumulative delta rising and very posotive delt on my foot print

Going to see if we can come back into value now and target RTH Vwap

Attachment 102101

We seem to be holding todays develpoing value

Going to hold my runner and target Vwap into the close if we stay in value now


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  #872 (permalink)
 
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 bobarian 
whitestone, new york
 
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i have decided to try something new.I have described my challenges, in seeing the transition between eth/rth.Also,i have struggled to identify extremes.Its really simple, what i want to do...but i struggle .So llets focus on the vwap,and forget about the candles...for entries, i need to forget about the candles.I have decided to use the footprint with vwap for the eth session.Also, for the rth session , i will use the footprint/vwap'/ib levels.I havent changed time frames, but im eliminating the candles , to see if i can focus on the levels better.I dont think this is the holy grail by any means, but im going to give it a go

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  #873 (permalink)
 
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 Traderwolf 
Raleigh,NC
 
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greenr View Post
What i did today

We opened up in ETH value and inside yesterdays range

NO trade off the open

We saw GLOBEX highs get tested and the IB came in

cumulative delta started to fall as buyers started to back off of the ASK

We rotated out of yesterdays value area and i started to sell the IB highs and RTH developing Vwap highs

@greenr

Great trading there! Did you place any weight on the single print area from yesterday as a place for a reversal(or at least a quick move away from it) and therefore another reason to take the trade you took today?

Wolf

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  #874 (permalink)
 greenr 
london/england
 
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Traderwolf View Post
@greenr

Great trading there! Did you place any weight on the single print area from yesterday as a place for a reversal(or at least a quick move away from it) and therefore another reason to take the trade you took today?

Wolf

Hey @wolf

The 1st trade was a difficult one and i actually took 2 swings at it as we were not at a real extremes from yesterday’s range

I was actually hoping to try buy below the lows of the profile but we never got there until after lunch

1st of all it was single print area from yesterday’s range

2nd of all it was the GLOBEX highs which was the extreme for the ON session

3rd of all it was out of where we tried to forum value/balance on yesterday’s profile

I took a few swings at it because 1st of all i was trying to fade the ON session highs....and the single print area

I closed for a loss after the IB came in and we tried to break above

I then re shorted that area just below the IB and the 1st RTH developing value area high

I should have just kept my position on the 1st trade my i was worried we was going to break the IB and blow higher exploring higher into yesterday’s profile

Hope this helps

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  #875 (permalink)
Tooly236
Guadalajara, Jalisco, Mexico
 
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Does anyone in here only do gap closes, 3-4 tick, when there is more than 10 ticks between the 13ema and a strong barrier? I have been off and on with this and I am looking for some advice. Thanks alot.

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 Private Banker 
La Jolla, CA
 
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Tooly236 View Post
Does anyone in here only do gap closes, 3-4 tick, when there is more than 10 ticks between the 13ema and a strong barrier? I have been off and on with this and I am looking for some advice. Thanks alot.

This may be the wrong thread for your question.

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  #877 (permalink)
Tooly236
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Private Banker View Post
This may be the wrong thread for your question.

Sorry man, I am New here. Do you know what thread might be more up my alley?

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  #878 (permalink)
 
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 Private Banker 
La Jolla, CA
 
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Tooly236 View Post
Sorry man, I am New here. Do you know what thread might be more up my alley?

No worries, maybe try the search area on the upper right hand side of the page? Good luck!

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  #879 (permalink)
 
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 Big Mike 
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Tooly236 View Post
Sorry man, I am New here. Do you know what thread might be more up my alley?

The homework/statistics thread:


Mike

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  #880 (permalink)
 
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 bobarian 
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Private Banker View Post
Great question. You can certainly do that as well. It comes down to personal preferences. I prefer to see the volume printing in real time as it fits within my trade criteria.

One of the reasons I prefer to use the footprint is that it enables me to see inside the bar. I know that sounds cliché at this point but I can't think of a better way to describe it. I want to be sure that I'm trading in line with the order flow. This is not as visible in other ways of looking at the market. Additionally, I'm in a trade well before other traders are waiting for a signal bar and have started to scale out of my position. This is obviously much more advanced and wouldn't recommend this for everyone. In the example I provided, this was not the case obviously but on many other examples it clearly gave me an advantage. The footprint also helps me in managing my risk on a trade. If I'm in a position and I see a continuance in the direction against me, meaning orders are strongly breaking through my entry area, it allows me to get out before I take a hard stop. What I mean by strongly is large volume in the other direction. Again, this is a bit more advanced but that's the gist of it there and its not after the bar has closed, its real time.

Looking at a fast chart IMO, does not provide you with the bigger perspective of volume filling in. Not only that but a fast chart will provide many false signals. When you are referring to a histogram, you aren't able to decipher what side of the market the volume is printing and how its a continuance of the order flow or resting orders cutting off the opposing side. In a market like CL, it is notorious for overrunning key levels to shake out the weak hands. The footprint is the absolute best tool in seeing that in real time. My example from Friday is precisely that. Hopefully that makes sense.

Finally getting a chance to look back at some of the great posts.This is one of them.I would love to see someone do a video of some various scenarios.As noted in some of my posts, i have been trying to get a handle on the footprint and delta.

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