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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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  #971 (permalink)
 greenr 
london/england
 
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greenr View Post
Finally got my data for ETH hrs on CL

dont know what the problem was this morning but has had me very frustrated!

Here is what i saw and did this morning now im positioned nicely

Attachment 103597

I faded yesterday lows of day buying below yesterdays balance/value

We ran up to the IB highs and i can now see ETH vwap were i got my 2 sclae outs

We came back down to developing value RTH were i added at the lows and trailing my position expecting price exploration higher into yesterdays profile

Saw good buying absorbtion below yesterdays lows here

Attachment 103596

We will have to wait and see if the buyers can defend these current lows...i can see were trying to reject ETH value at the moment

Very range bound roatational day here

I just keep buying below developing value and scaling out at the dveloping value highs at the moment



Managing risk the best i can and trying to hold a contract for a break out to the up side targeting the upper end of yesterdays highs

Have seen a lot of buying absorbtion at these developing value lows....

Have see a lot of lower negative cumulative delta here...but no lower prices..buyers absorbing the sellers every time





Also be in cautious....as we could see a spike down here and finish the job off i expected yesterday into the close


" 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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  #972 (permalink)
 greenr 
london/england
 
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greenr View Post
Very range bound roatational day here

I just keep buying below developing value and scaling out at the dveloping value highs at the moment

Attachment 103603

Managing risk the best i can and trying to hold a contract for a break out to the up side targeting the upper end of yesterdays highs

Have seen a lot of buying absorbtion at these developing value lows....

Have see a lot of lower negative cumulative delta here...but no lower prices..buyers absorbing the sellers every time

Attachment 103604

Attachment 103603

Also be in cautious....as we could see a spike down here and finish the job off i expected yesterday into the close

Attachment 103605

Its nice when a plan comes together....especially on a friday

was expecting a bit more of an epic finish to the day......the oil gods decided to not let it rip higher into the close

Great week here

Wish you all a good week end


" 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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  #973 (permalink)
 
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 GaryD 
Orlando, Florida
 
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greenr View Post
Its nice when a plan comes together....especially on a friday

was expecting a bit more of an epic finish to the day......the oil gods decided to not let it rip higher into the close

Great week here

Wish you all a good week end

Congratulations on a good week.

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  #974 (permalink)
 greenr 
london/england
 
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R.I.P Ninja Trader

Looking to make the switch over to Sierra charts in the next few weeks

I thought the Learning process of Sierra would have take me longer....been playing this after noon and looking good

I like a lot, its seems a lot more complex but hopefuly more stable and reliable


" 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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  #975 (permalink)
 benrock 
hampton bays
 
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hear u on that on greenr , ninjatrader is garbage ,

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  #976 (permalink)
 
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 GaryD 
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  #977 (permalink)
 benrock 
hampton bays
 
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love ur chart gary , thats all i have on my tick charts is fibs , nothing else . all u need !!!!!

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  #978 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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Having just come back after several months of a break, feeling fresh and ready to dig deeper, I decided to explore some of the things discussed in this thread. I don't mean to get in the way here, and realize this is about a view of the market I am not that familiar with. The chart I just posted is somewhat off-topic...

But I do trade almost exclusively crude, and am trying to get up to speed with you guys.

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


benrock View Post
love ur chart gary , thats all i have on my tick charts is fibs , nothing else . all u need !!!!!

Yeah, my mentor did not like any indicators on the charts when he did S/R analysis, and I understand why. It interferes with seeing structure. Without it, price action can just look like pure chaos.

That is one of the things that draws me to this new direction, is that it is all about structure. MP, IB, POC, VAH/L, etc., not indicator based but structure based. Actually, it combines the two things I really have learned to respect; Volume & Structure.

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  #980 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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Not in the same terms you guys are using maybe, but as of last Sunday, there were two major confluence zones below crude, and price is currently inside one of them. Last week it was defined as roughly 92.60-93.20, "93" for short. I came to market on Friday as a buyer because of that.




Going into Friday's close, I think I saw (this is where this is new to me) a "Neutral'Extreme" day(?), suggesting buyers were taking control.



That, and it was Friday and buyers were absorbing price around the lows earlier in the day, so there really was no where to go but up into the close.

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