Can you please explain why you wanted to short the open. What did you see that made you want to short the open?

We opened within yesterday's range and I don't see any significant reference point there. Thanks

Kulu is that a Rancho TPO indicator or Final ?

Can you please explain why you wanted to short the open. What did you see that made you want to short the open?

We opened within yesterday's range and I don't see any significant reference point there. Thanks

Watching the crude open this morning before my market opens. Note how the 90.68 again comes into play right off the open. For me that's a blind short, with very low risk. Targets are 90.45, yesterday's most fair price, and the 90, which is the low of both Friday and Tuesday. No reason to not just take that.



Look at the blue shaded area on the chart coming from Friday; it's Friday's most traded price.

And on Monday, it was the HOD, it was early morning resistance yesterday as well.

So, if value is established above it, I would expect a test of 91 again at least, and quite likely Friday's highs around 91, and even a venture into the gap above. But if value is not established above it, the downside targets mentioned earlier (low 40s and 91) are in play to me.

Could have use yesterdays VAH possibly

We were out side of ETH vwap rejecting value too on the open

Ryan,

I tend not to look at the VAH/VAL for profiles that are elongated like we had on Monday. For me, VAH/VAL are more applicable for days where the profiles are more Gaussian (normal days) that the stretched out days. I could be wrong, but on days like Monday, I personally think the market is searching for value, hence I do not consider VAH/L for my trade decision.

On a different note, What did you do at the lows? Did you buy them even though we had that open drive? I missed that long off the level coz I didn't want to get run over. However, looking at it now, there was plenty of signs that tempo was slowing and should have taken the long. Trade Location was excellent.

Thank, Kulu

Ryan,

I tend not to look at the VAH/VAL for profiles that are elongated like we had on Monday. For me, VAH/VAL are more applicable for days where the profiles are more Gaussian (normal days) that the stretched out days. I could be wrong, but on days like Monday, I personally think the market is searching for value, hence I do not consider VAH/L for my trade decision.

On a different note, What did you do at the lows? Did you buy them even though we had that open drive? I missed that long off the level coz I didn't want to get run over. However, looking at it now, there was plenty of signs that tempo was slowing and should have taken the long. Trade Location was excellent.

Thank, Kulu

@greenr

Greenr Those charts look great..

I had a question - are those Rancho Dinero's charts? If they are or not -- Do you find them to be stable?? and fast?

Even in markets like February 20th, 2013 when Crude was moving super fast to the down side? Don't know if you traded CL that day.

Or should we go with another dedicated platform purely for the MPs

~Thanks~