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

  #1261 (permalink)
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devdas View Post
I might be wrong, but your question sounds you want to use them as "Indicator"....


No, not specificaly. Just curious about input. An indicator is the only thing we have, even chart candles are 'indicators". Something visual to support our inerpretations. Or at it's base, a visual representation of price in time. Without something like that we would be truly trading blind.

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GaryD View Post
... Or at it's base, a visual representation of price in time. Without something like that we would be truly trading blind.

yes.

actually all they combined give you a more "visual representation of what is going on". Leaning on one of them would be just similar to trading blind in "their" respect.

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  #1263 (permalink)
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GaryD View Post
Which is more effective, and in what time frames? or ranges? or ticks or volume or better renko? And why?

1) Market Profile

2) VWAP

3) Initial Balance

4) Footprint

?????


1) I never really tried MP. Skipped over to Volume Profile after having seen Steidlmeyer's (sp?) recent presentation on VP. I think it's great for target and general s/r levels. Good set on daily and with most any type of aggregation.

2) VWAP is the dynamically changing VPOC of VP. FatTails had a great futures.io (formerly BMT) webinar on it and has recently updated his famous sessionDailyVwap V40 . It's great as a magnet, target and as a general ma. Also the standard deviations based off of the VWAP are good target and resistance areas.

3) IB , maybe helpful for getting a sense of the type of day. Corey Rosenbloom had a great futures.io (formerly BMT) webinar showing use of it. I like to use FatTail's IB indicator.

4) Footprint/ T&S - I'm still new with it. I've heard from DionysysToast and others that it can be used for 1) scalping like a pit trader, or 2) using it as another confirmation along with one's other trading methods when price is at or near an indecision point i.e. s/r, level, entry point for a method.


Last edited by Cloudy; March 5th, 2013 at 01:55 AM.
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  #1264 (permalink)
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GaryD View Post
Which is more effective, and in what time frames? or ranges? or ticks or volume or better renko? And why?

Why not watch all the Volume Profile webinars on futures.io (formerly BMT), and then also use the main Volume Profile and Footprint discussion thread:

https://futures.io/elite-circle/20727-volume-profile-footprint-discussion.html

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  #1265 (permalink)
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GaryD View Post
Which is more effective, and in what time frames? or ranges? or ticks or volume or better renko? And why?

1) Market Profile

2) VWAP

3) Initial Balance

4) Footprint

?????

Market profile is for visual structure and used to determin how smooth trading was and is used to track value and balance and the markets power

Vwap is for trade location and developing value on the day and helps determin balance and imbalance

IB is market generated information and is important to the trading days structure

The foot print is amazing for reading order flow and help determin very actuate trade locations

All used together with the correct understanding you have a very very powerful edge to work with the big money in the market

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Last edited by greenr; March 5th, 2013 at 07:36 AM.
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Market Profile is used to define market valuation by value instead of cost. What is value? In simple terms, value can be defined as the relative attractiveness of different price levels as defined by active market participants. There exist other ways to represent fair value than the conventional Market Profile.

ValueCharts® is one of them:
ValueCharts, The Next Generation of Technical Analysis

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  #1267 (permalink)
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My take (note: I'm a rookie). The ON session has been working the small excess high from yesterday's RTH. I don't know if that negates that as a resistance area or not. I'll be looking for an initiative buying test of that at the open, with a target of around 91.10 (HOD from the 1st). I will also be looking for shorts at that level should price make it there and stall.

We will probably open withing range and value. We are currently at the POC of Friday's session, which was very balanced.

On the downside, I'll look to go long at the single prints from yesterday, around 89.40 - 89.30.

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  #1268 (permalink)
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Short in single prints

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Tiger45 View Post
Short in single prints

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Great trade location

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greenr View Post
Great trade location

Thanks, but my soft, furry, grey balls got the better of me. When price bounced off 90.50 (the scene of the break out), I tightened my stop and only made 4 ticks on it. Noted my weakness in the journal and will work on it.

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