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CL Light Crude Analysis TPO/MP/VWAP/VPOC
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CL Light Crude Analysis TPO/MP/VWAP/VPOC

  #1221 (permalink)
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My subscription ran out to fin-algo. I took the GOM market profile tool and modified it to represent what I was interested in seeing out of the fin-algo version.

Learning that I could split the sessions letters made it easier to do (thanks to this thread). I used high-low bars at 1px and increased the volume opacity. I'll trade that way this week and decide next weekend.

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If I was going to swing trade for months or years, this is one of those areas I would be looking at. It was a few weeks ago this was on the radar as a "zone", but as it takes shape the structure is getting more compact.

Whether to hope to buy the bottom, or wait to take out 93.50, tough choice. And right or wrong, you have to be able to walk away and take the hands off the buttons. That is hard for me. I just try to understand why it might be going where tomorrow to give me psychological confidence.


Last edited by GaryD; March 3rd, 2013 at 10:05 PM.
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Last edited by GaryD; March 3rd, 2013 at 10:48 PM.
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greenr View Post
Still looks like some good confluence to the down side

RTH developing value highs holding as resistance

ETH vwap holding as resistance

Attachment 104465

See if we can run below this IB again and continue down

Why VWAP on 500 and 800? The difference between them seems unusual.


Or is this it?

500 = 0.6250
800 = 1.6000


Last edited by GaryD; March 3rd, 2013 at 11:02 PM.
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GaryD View Post
Why VWAP on 500 and 800? The difference between them seems unusual.


Or is this it?

500 = 0.6250
800 = 1.6000

Does not make any difference..........really

I some time use a 5 min....some time a 800 tick...some time a 5 momentum

I just change to the temp of the market to see things clearly

The only one thing I would say....when you start using bigger time frames and bar that take longer to forum

The Vwap calculation can start to lag.....that all

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Pre-market local double bottom has established the line for initial support.

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This confluence area is the 618 of a possible W3 combined with the prior major pivot high, drawing the line for a potential W5 commencement. The symmetry is not the best, and it has passed the expected exhaustion for a W4, but the W1 range remains unbroken, and some support at least is expected.

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On the MP chart there is a prior bracket area that coincides with this zone.

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Volume confirmation is not overly convincing.

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Last edited by GaryD; March 4th, 2013 at 09:50 AM. Reason: added 15m for variation on view of DB; and MP
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My take (note: I'm a rookie). We'll be opening in or near the top of ON value, but within Friday's value area. If we get a run to test the top, I'll be looking for shorts off Friday's VAH/HOD around 91.11. If it makes it through that, I'm expecting a fast run to try and fill the RTH gap from 91.99 - 91.10. The ON session from 3/1 did fill that in with a thin spot, so I really don't know how that works.

On the short side, I'm expecting support at the ON POC and daily S/R at 90.55

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Long here. Also was the bottom of Friday's lower IB

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Tiger45 View Post
Long here. Also was the bottom of Friday's lower IB

Hope it works out for you, but you have a market opening within balance, that has shown no directional conviction, that appears to be quite lazy so far, with very subpar volume. Seems quite a 50/50 kind of proposition.

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Watch for volume if we test

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