CL - Volume & Market Profile - Commodities Futures Trading | futures io social day trading
futures io futures trading


CL - Volume & Market Profile
Updated: Views / Replies:3,137 / 2
Created: by justrading Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

CL - Volume & Market Profile

  #1 (permalink)
Trading for Fun
Bangkok, Thailand
 
Futures Experience: Intermediate
Platform: Sierra Charts
Broker/Data: Interactive Brokers
Favorite Futures: Options
 
Posts: 59 since Mar 2012
Thanks: 48 given, 50 received

CL - Volume & Market Profile

Since I switched to Sierra Charts, I have experimented with Volume Profile and Market Profile, a.k.a. Volume by Price Study and TPO Study in Sierra Charts.

From 19th April, 2012 until yesterday, the correlations were;

VPoC vs TPoC - 0.9975
Volume VAH vs TPO VAH - 0.9980
Volume VAL vs TPO VAL - 0.9979

Whilst the numbers are not the same, movement of the TPO pretty closely mirrors the more modern Volume Profile.

Qualification - This was only for CL. For the Volume Profile study, setting is for the full ETH or Globex. For the TPO study setting is for 0200 CT - 1615 CT, ie European session to Globex close.

The reason I did this was I analysed volumes for each session and found that despite the very long hours, the Asian session typically only produced 4% of the total volume. Also, it often traded very rangebound, so 30 minutes in an Asian session could not possibly have the same importance as 30 minutes in European session or especially during pit hours.

Just thought I'd share this. I'm a numbers junkie and this is just an example of the stuff I look at when time permits.

Reply With Quote
The following 2 users say Thank You to justrading for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,433 since Jun 2009
Thanks: 29,511 given, 84,411 received


The main profile thread is here if you are interested:
https://futures.io/elite-circle/20727-volume-profile-footprint-discussion.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:

Reply



futures io > > > > CL - Volume & Market Profile

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge - $500 in Amazon Gift Cards!

July
 

AXESS Trader: Powerful Cloud Based Trading Platform w/GFF Brokers

Jul 17

TBA: FuturesTrader71 w/Morad Askar

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
CL Market Profile Analysis David_R Commodities Futures Trading 280 July 28th, 2014 12:45 PM
TOS Monkey Bars (Mkt Profile) & Volume Profile TonyB ThinkOrSwim 39 November 29th, 2013 10:13 AM
Do you use Market Profile or Volume Profile? Big Mike Traders Hideout 25 December 8th, 2012 01:05 AM
H&S volume profile snusnufreak Commodities Futures Trading 10 May 28th, 2012 11:49 PM
CL rollover adjustment & volume profile charts neko333 Commodities Futures Trading 19 September 13th, 2010 03:02 PM


All times are GMT -4. The time now is 11:21 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-07-17 in 0.10 seconds with 14 queries on phoenix