CL today - interpretation of tape / time and sales data | Traders Hideout


futures.io - futures trading strategies, market news, trading charts and platforms


Traders Hideout


Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons




 

CL today - interpretation of tape / time and sales data

  #14 (permalink)

Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,250 since Aug 2009
Thanks: 6,348 given, 2,085 received

Maybe a different type of chart would help

Maybe if you look at a different type of chart it would help to understand the action better.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


This type of chart shows what happens inside the candle.
I can't recommend a particular indicator for this since this is my custom indicator.

I did not have the 2/14 data on my charts but in real time this chart if from earlier today on CL.

You can see on candle #4 the wick has both bid and ask prices on the same candle.
Also notice that some candles in this small tick size do not have any trades or only trades on one side.
(There is also not much volume at the early hour when this was taken)
If you save the T&S data and this information you can see what took place.

FWIW

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
The following 2 users say Thank You to DavidHP for this post: