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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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  #891 (permalink)
 greenr 
london/england
 
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What a horrid day we have had to day

As PB would say...a game of ping pong

We opened gap up this morning in ON balance

We rotated down to an excess area below and near yesterday’s highs

I faded this area and went long using ETH vwap as confluence





We could not get any were and i ended up closing my runner off as we broke below ETH vwap around 11:25

We then ran down tried to break below todays IB were i saw buying absorption and as PB would say a mouse trap

I went for another long here and have been holding it all day expecting a spike higher





Have seen cumulative delta trying to rise all day and since lunch time we have been quietly 1 time framing higher and we till have not tested the GLOBEX extremes form the ON session

Still expecting a spike higher into the close today, at least a probe above the ON session highs



Well we tired..tested above the IB and got no higher

Alot of volume was thrown around into that close

57 tick range today....nice

" 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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  #892 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


greenr View Post
What a horrid day we have had to day

As PB would say...a game of ping pong

We opened gap up this morning in ON balance

We rotated down to an excess area below and near yesterday’s highs

I faded this area and went long using ETH vwap as confluence

We could not get any were and i ended up closing my runner off as we broke below ETH vwap around 11:25

We then ran down tried to break below todays IB were i saw buying absorption and as PB would say a mouse trap

I went for another long here and have been holding it all day expecting a spike higher

Have seen cumulative delta trying to rise all day and since lunch time we have been quietly 1 time framing higher and we till have not tested the GLOBEX extremes form the ON session

Still expecting a spike higher into the close today, at least a probe above the ON session highs

Well we tired..tested above the IB and got no higher

Alot of volume was thrown around into that close

57 tick range today....nice


You're analysis sounds good though. Very slow day.

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  #893 (permalink)
 greenr 
london/england
 
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GaryD View Post
You're analysis sounds good though. Very slow day.

Thanks Gary

Yes very frustrating

When i saw we opened up above yesterday’s range and got a nice opportunity to buy into yesterday’s extremes i though we were going to see a good day today and a possible move higher

Instead we just saw a horrid sideways range and just balanced

" 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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  #894 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Posts: 6,462 since May 2011


greenr View Post
Thanks Gary

Yes very frustrating

When i saw we opened up above yesterday’s range and got a nice opportunity to buy into yesterday’s extremes i though we were going to see a good day today and a possible move higher

Instead we just saw a horrid sideways range and just balanced


If trading were easy we'd all be retired.

I tried two longs today; the first as a reversal and the second as a breakout. +7 (closed due to volume), -12 stop (3BT stop), for net -5





After watching the potential H&S fail, I was long only mode today, but it never was able to get any traction.


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  #895 (permalink)
 
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 Traderwolf 
Raleigh,NC
 
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greenr View Post
What a horrid day we have had to day

As PB would say...a game of ping pong

We opened gap up this morning in ON balance

We rotated down to an excess area below and near yesterday’s highs

I faded this area and went long using ETH vwap as confluence




We could not get any were and i ended up closing my runner off as we broke below ETH vwap around 11:25

We then ran down tried to break below todays IB were i saw buying absorption and as PB would say a mouse trap

I went for another long here and have been holding it all day expecting a spike higher


Have seen cumulative delta trying to rise all day and since lunch time we have been quietly 1 time framing higher and we till have not tested the GLOBEX extremes form the ON session

Still expecting a spike higher into the close today, at least a probe above the ON session highs

Well we tired..tested above the IB and got no higher

Alot of volume was thrown around into that close

57 tick range today....nice


@greenr

Thanks for posting thoughts on a slow day. Some real solid trade ideas here. This kind of thinking should pay well most days... Good job!

Wolf

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  #896 (permalink)
 greenr 
london/england
 
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Right here was my take on today

I had a rough start to the morning and hopeful Ben will put his take on today up

1st off all i though we were going to see new highs today and i became slightly tunnel vision because of this

We opened Gap up outside of yesterday range at the year highs and EXCESS area from the last attempt higher

Saw sellers respond on the open taking price down to yesterday’s highs were i went long





The IB came in and i took B/E on my runner

We tested below the IB and deeper into yesterday’s TPO structure were i took another long in this area using ETH vwap value lows as confluence





Got a lucky take as Crude news came out and we tested the IB highs...failed high and took out my runner for B/E again and i ended up missing the break out to the down side

We then tested Yesterdays lows were i saw buying absorption and i took a long in this area and target RTH Vwap



We ended up holding RTH vwap were i saw selling absorption and i took a short expecting a possible spike down into the close were i took my runner of before the close at the Naked POC from Mondays profile



" 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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  #897 (permalink)
 
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 Traderwolf 
Raleigh,NC
 
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greenr View Post
Right here was my take on today

I had a rough start to the morning and hopeful Ben will put his take on today up

1st off all i though we were going to see new highs today and i became slightly tunnel vision because of this

We opened Gap up outside of yesterday range at the year highs and EXCESS area from the last attempt higher

Saw sellers respond on the open taking price down to yesterday’s highs were i went long

The IB came in and i took B/E on my runner

We tested below the IB and deeper into yesterday’s TPO structure were i took another long in this area using ETH vwap value lows as confluence

Got a lucky take as Crude news came out and we tested the IB highs...failed high and took out my runner for B/E again and i ended up missing the break out to the down side

We then tested Yesterdays lows were i saw buying absorption and i took a long in this area and target RTH Vwap

We ended up holding RTH vwap were i saw selling absorption and i took a short expecting a possible spike down into the close were i took my runner of before the close at the Naked POC from Mondays profile

@greenr,

Thanks for another great summary of your analysis. I am not trading this methodology but am studying it seriously and you are helping me immensely.

I had written premarket: "Watch for a test of 98.0 -98.10 previous highs and look for a reversal . If reversal , look for a retrace to NPOC at 97.45. IF BO, look for PB to look to go long. "

Is there any reason you did not go short immediately after open? I do not have the footprint chart, so I could not see order flow and I am not even sure this was a valid trade per MP.. It seems to be consistent with other trades you guys have taken..

Again.. thanks for sharing.. some great stuff here...


Wolf

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

Thanks for another great summary of your analysis. I am not trading this methodology but am studying it seriously and you are helping me immensely.

I had written premarket: "Watch for a test of 98.0 -98.10 previous highs and look for a reversal . If reversal , look for a retrace to NPOC at 97.45. IF BO, look for PB to look to go long. "

Is there any reason you did not go short immediately after open? I do not have the footprint chart, so I could not see order flow and I am not even sure this was a valid trade per MP.. It seems to be consistent with other trades you guys have taken..

Again.. thanks for sharing.. some great stuff here...


Wolf

LoL good question....all my analysis said i should have

We opened up right at the top of the large box we have been in

Again instead of trading with the market i got tunnel vision this morning

I was doing some analysis last night and this is what i was thinking that obscured my vision this morning

1. We tested the lows of the range we have been trading in on Monday and saw very aggressive buying back into range

2. We accepted higher prices yesterdays and formed a good balance and POC to work with for today’s open

3. The face we opened gap up again this morning right at the highs i was thinking wait for a test of yesterday’s small range and balance and see if buyers respond here

We opened up in the ON session in balance and i was looking for the ON session Vwap to hold

I know what i should have done this morning now....a bit too late

Its funny how the brain works really, with trading you have to keep a big opened mind but at the same time take good decisions that you believe in

Catch 22 if you ask me, very hard thing to do

If anything i should have only been looking for a long if we opened gap up out of the range we have been in

Always learning and most important learn your self


Here was what i was hoping to see........NEVER HOPE


" 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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  #899 (permalink)
shanemcdonald28
new york
 
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Traderwolf View Post
@greenr,

Thanks for another great summary of your analysis. I am not trading this methodology but am studying it seriously and you are helping me immensely.

I had written premarket: "Watch for a test of 98.0 -98.10 previous highs and look for a reversal . If reversal , look for a retrace to NPOC at 97.45. IF BO, look for PB to look to go long. "

Is there any reason you did not go short immediately after open? I do not have the footprint chart, so I could not see order flow and I am not even sure this was a valid trade per MP.. It seems to be consistent with other trades you guys have taken..

Again.. thanks for sharing.. some great stuff here...


Wolf

hi
where did you write premarket ?

shane

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  #900 (permalink)
 
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 Traderwolf 
Raleigh,NC
 
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shanemcdonald28 View Post
hi
where did you write premarket ?

shane

Hi Shane,

I am trying to learn this methodology from the guys on here who trade it.. I have some basic MP charts and make an analysis premarket that I write in my personal journal. I am not trading this methodology, since I am trading live using another PA method. I then go back after trading day is finished and see if what I am thinking and learning is consistent with these guys...

So .. it was in my journal and not posted on line.. and some days my analysis has been way way off....

Wolf

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