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CL Market Profile Analysis


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CL Market Profile Analysis

  #191 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524

MP chart for today, 6/1.

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Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
ZombieSqueeze
Platforms and Indicators
Trade idea based off three indicators.
Traders Hideout
MC PL editor upgrade
MultiCharts
Cheap historycal L1 data for stocks
Stocks and ETFs
 
  #192 (permalink)
 dandxg 
Denver, Colorado
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES, CL, anything that makes $$
Posts: 178 since Nov 2009
Thanks Given: 164
Thanks Received: 77

Thanks for your help David.

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  #193 (permalink)
 
chipotlebop's Avatar
 chipotlebop 
Pleasant Hill, CA
 
Experience: Intermediate
Platform: Tradestation
Broker: Tradestation
Trading: CL, RB, HO, YG, YI, EMD, US
Posts: 252 since Jan 2010
Thanks Given: 369
Thanks Received: 331



David_R View Post
MP chart for today, 6/1.


Is everything ok David? You haven't been posting. Hope you're well.

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  #194 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
Posts: 2,565 since Jun 2009
Thanks Given: 1,162
Thanks Received: 2,094


dandxg View Post
Does anyone know where to get the MP levels for CL if you don't need anything else. I don't need VP, TPOs just VAL, VAH, POC. Seem easy to find for ES, YM but not CL. TIA

Pivot Farm publishes a lot of levels including MP levels, every day.

That said I think the Value Areas should be more discretionary because a set 70% isn't as meaningful. I look at the price action around the VA and then come up with my own levels. Also the VA levels are zones, not exact.

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  #195 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,470 since Jun 2009
Thanks Given: 33,249
Thanks Received: 101,670


chipotlebop View Post
Is everything ok David? You haven't been posting. Hope you're well.

Hmm, he hasn't logged on since June 2nd, 2 weeks ago now. Now you've got me concerned as well. I will email him.

Mike



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  #196 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,470 since Jun 2009
Thanks Given: 33,249
Thanks Received: 101,670


Big Mike View Post
Hmm, he hasn't logged on since June 2nd, 2 weeks ago now. Now you've got me concerned as well. I will email him.

Mike

I spoke with David, he is doing alright just taking an extended break from trading. He sends his best wishes

Mike



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  #197 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
Posts: 120 since May 2010
Thanks Given: 15
Thanks Received: 51


David_R View Post
Here is a CL profile chart for Friday 3/19:

We are basically still in a big range. It was a big down day on Friday, but very similar to the move down last week. We will need to see if the down move continues, and the open on Sun/Mon will give some indication. I think if the low of Friday is taken out overnight we could see a further move down, but if the low holds as support CL may move back up. Only speculation on my part. The chart is pretty clean today with not much marked up.

David

David

Your mp levels look highly seductive to MP followers, Would u let me know what kind of mp indicators are u using for ninjatrader and where I can get them? thanx

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  #198 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524

Its from Final| Financial Algorithms Its the TPO and volume profile ad on to Ninja. I think its a one time charge of $250.

Thanks for the comment.

David



nqcruiser View Post
David

Your mp levels look highly seductive to MP followers, Would u let me know what kind of mp indicators are u using for ninjatrader and where I can get them? thanx


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  #199 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
Posts: 120 since May 2010
Thanks Given: 15
Thanks Received: 51

David

do u have a recent chart showing how u pick your entries/exit intraday with this method, which may help me understand the mehod better. thanx

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  #200 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


No, I am currently not trading, so nothing current to show. My suggestion is to use a method you like. My personal opinion is that it really doesn't matter. You can used order flow such as Gomi ladder or market delta. You can use simple price action trading like Mike describes in his price action thread. For example, if you have a level that you feel will act as resistance and price stalls there and makes a lower high, that is a good indication that the up move may be ending. You can enter the break of a swing low and visa versa for a long. I think in true AMT trading one would take the trade at the "level" such as the high volume node, place a stop and let the trade do its thing. I personally like to see some kind of indication the level with hold. I hope this helps.

By the way, if you go through the thread I think I show some possible ways to enter trades.

David


nqcruiser View Post
David

do u have a recent chart showing how u pick your entries/exit intraday with this method, which may help me understand the mehod better. thanx


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Last Updated on July 28, 2014


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