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

  #1571 (permalink)
Market Wizard
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some confluence for a possible fade
single prints rth tpo
ON vah
eth 2sd
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also yest cod


Last edited by bobarian; March 27th, 2013 at 09:57 AM.
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  #1572 (permalink)
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greenr View Post
Well iv got them on my white board above my screens lol

But i got these definitions form here


Market Profile Trading A to Z | Order Flow | Auction Market Theory | Value Trading | iTradePod

Also you'll find some good information here, read through the whole glossary.

Glossary of Trading Terms by James Dalton | James Dalton Trading

Short covering rally: usually produces a P shape profile. We refer to short covering as “old business” because it is reversing earlier inventory. Short covering actually weakens a market as it removes potential buying interest; you cover a short by placing a buy order. The old adage is that a market may be too short to break any farther and that it has to “rally before it can break”; another way to view short covering is an adjustment in inventory. Short covering rallies can be very violent and misleading if you don’t understand the difference between old and new business. Short covering occurs within every timeframe; day timeframe short covering may be over quickly while longer timeframe short covering may last for much longer periods of time.



Long liquidation break: usually produces a b shape profile. We refer to long liquidation as “old business” because it is reversing earlier long positions. Long liquidation can actually strengthen a market because it removes potential sellers; you liquidate an existing long by selling. Similar to short covering rallies, these breaks are against the prevailing trend and can be sudden and sharp. The old trading adage is that a market may be too long to go any higher, i.e. “a market has to break before it can rally”. Long liquidation is a process that adjusts inventory that has gotten too long. It occurs within every timeframe; day timeframe long liquidation may be over quickly while longer timeframe long liquidation may last for much longer periods of time.


James Dalton Trading | Market Recap and Updates | Free for Traders


Last edited by Brutus; March 27th, 2013 at 10:21 AM.
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  #1573 (permalink)
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Yesterdays poor low (9524) & POC (9546) seem to be downside targets, if this 96.00 level holds

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  #1574 (permalink)
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Location

It's amazing how much information you can pick up from Dalton if you really pay attention to his webinars. I was watching one of his most recent webinars and something clicked.

Maybe this is just me, but I thought whenever he was talking about location, it meant trading from those single prints at the extremes. However, this here summed it up for me. I hope this helps someone too.

"Good trade location means you have a place - structural - to place your stop."

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In the example provided, it is apparently clear that CL had been ranging for 3 brackets. However, when we broke out of that balance (D period), good trade location would be to take a short with your stop inside the balance (however, you have to understand where your target is. This is a small opportunity trade because of where we are in regards to yesterday's range, so take your profit when price reaches the lows instead of hoping for more). Dalton calls this great trade location (even though it's not at the extremes) because, you know that since we've broken out of balance, if we get back into balance, then that invalidates your trade and you want out. That's structure and trading value instead of price.

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  #1575 (permalink)
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Just like in Kulu's example could the G period seek value to yesterdays VAH or POC, equally good trade on break out of balance, above PDH, thoughts?


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  #1576 (permalink)
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Pretty slow day here

Im short from the highs but this feels like it want to rip up

We are pretty out of balance on the weekly and monthly Vwap devloping value here

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If we can hold below yesterday highs and todays "C" excess im thinking we might see a nice sell off retracemnt here

Either way we have not tested the O/N extreemes yet

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What ever way we break out of todays balance/value will be the move i expect...up or down

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #1577 (permalink)
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Buyers dried up above yesterdays highs.....

Sellers seemed to responded leaving excess in "F"

Again if we hold this structure, the only way is down if you ask me..

Once the guys who are long start to sweat, hoping to see them bail and a nice sell off

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It been a weird few days so who knows whats going to happen

We still have not broke cleanly out of todays balance.....but we did test the O/N extreeme and failed so far


******We also have some decent excess to work with now (**for the moment**) on the 4 day composite i have been tracking******

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  #1578 (permalink)
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greenr View Post
Pretty slow day here

Im short from the highs but this feels like it want to rip up

We are pretty out of balance on the weekly and monthly Vwap devloping value here

Attachment 107069

If we can hold below yesterday highs and todays "C" excess im thinking we might see a nice sell off retracemnt here

Either way we have not tested the O/N extreemes yet

What ever way we break out of todays balance/value will be the move i expect...up or down

Ryan: Thanks for your commentaries and insights throughout this thread and for this reminder to keep the Big Picture in mind when finding a good trade location. I have been using your daily and weekly VWAP bands sucessfully, and would like to add the monthly VWAP bands shown in the referenced post. Has the monthly VWAP band file been published, I am unable to locate the zip file in the download or in other searched areas. If it has been published, a point in the right location is appreciated.

Thanks

Ron

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Ron 52 View Post
Ryan: Thanks for your commentaries and insights throughout this thread and for this reminder to keep the Big Picture in mind when finding a good trade location. I have been using your daily and weekly VWAP bands sucessfully, and would like to add the monthly VWAP bands shown in the referenced post. Has the monthly VWAP band file been published, I am unable to locate the zip file in the download or in other searched areas. If it has been published, a point in the right location is appreciated.

Thanks

Ron

@Ron 52,

it's in the download section:

https://futures.io/download/ninjatrader-7/indicators/1367-download.html?view

but I would wait, there'll be a new version coming out in the next few days.

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  #1580 (permalink)
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Thanks for the headsup @Sylvester 17. I am presently using the Monthly Vwap from FT

@greenr has modified the daily and weekly verisons of the FT Vwap indicator to plot the mid point of each band. I am searching for the modification of the Monthly VWAP and not sure of Ryan has published the monthly yet. Ryans modified day and week vwap indicator can be found here: Search - Big Mike's Trading Forum (hopefully I linked properly).


Last edited by Ron 52; March 28th, 2013 at 04:16 PM. Reason: clarify monthly vwap
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