CL Light Crude Analysis TPO/MP/VWAP/VPOC

April 26th, 2013, 12:11 PM

greenr

Last attempt to add on this

Attachment 110366

Watching buyers coming in at yesterdays vwaps

New TPO in 5 min

Looking for the market to hold the single TPO area from .60 to .70 above yesterdays value

Attachment 110371

Possibly a doubble distribution day unfolding here now

Can see we are trying to find support here

Right at the lows of a composite i was tracking a few weeks ago

Also stuck between the vwap week value area and the developing week value

Waiting to see what happenes here

OK ended getting stoped out on my runner after that last attempt below the major composite and the $92 level

We have poped back up into value now

April 26th, 2013, 12:53 PM

Mean reversion under way now, also with what we have seen a possible sike higher into the close

See what happenes here with todays POC and ETH vwap

1 off, next target yesterdays ETH vwap DVAH`s

April 26th, 2013, 01:04 PM

greenr

Mean reversion under way now, also with what we have seen a possible pike higher into the close

See what happenes here with todays POC and ETH vwap

Attachment 110380

1 off, next target yesterdays ETH vwap DVAH`s

Attachment 110381

2 off, still looking for a possible spike higher into the closing periods

Added 1 tick infront of RTH vwap

15-30 scale outs

2 off, full scaled out of my add

Long shot but potential target if we get a spike higher $94.30`s....have the week vwap value area up

April 26th, 2013, 07:30 PM

greenr

"With regard to the psychological training of professional athletes, particularly professional shooters: To limit stress (which is a fatal factor for any serious competition), professional shooters give themselves the right to make mistakes.

More exactly, they set their goal to make a correct shot technically, not to hit the target. They even inspire themselves that outcome is not that important at all, but correct technique is what only matters.

And that little trick leads to great results. The shooter stands, focuses on the pleasure of the technically perfect shot and does it literally without stress, being focused on the process, not the outcome. Ironically, the chance of target being perfectly hit increases dramatically in such a case.

If the pro shooter's mental focus was to hit the target, he would get overstressed and likely have the opposite result vs. desired.

This is a proven technique used by pro shooters, power lifters and in most other kinds of sport to limit stress during the competition"

a quality repost.

April 27th, 2013, 11:52 AM

Surly

Well, all I can say for myself is that at least I'm not fading this down move.

After we failed at the open again I got out of longs and then shorted when we retested rth vwap from the bottom. BUT - I got out right above 93.00 after all the trades earlier in the day where I had a large MFE and ended up scratching in the chop... I figured I should have been scalping all day so I scalped finally right before the breakout. I guess I can laugh at myself but don't exactly feel like laughing.

One day I was trading CL in consolidation after it hit new lows, trying to catch what looked like a clean downside breakout setup for a measured move. I had a couple trades in a row move just over 20 MFE and come back to take out my b/e stop. So there I was short again, and this time price came down at a pretty nice clip to test that low. I was prepared to grab 20 ticks immediately if the breakout was weak. It broke by a couple ticks and just hung there for a moment. I thought to myself, "No way, not again" and quickly closed for +20, about a nanosecond before the bottom fell out and price dropped over 200 ticks. I bet a few bottom-fishers hit the liquor store after that one.

April 28th, 2013, 07:46 PM

30 min continuous...not sure of the accuracy tho, on nt

April 29th, 2013, 09:11 AM

Monday morning home work

Trade 1 swing short off the Highs

Short off the 2nd ETH deviation Vwap with a high ref point from 4/25/2013

April 29th, 2013, 09:26 AM

greenr

Monday morning home work

Attachment 110564

Trade 1 swing short off the Highs

Attachment 110565

Short off the 2nd ETH deviation Vwap with a high ref point from 4/25/2013

Well WoW though i was going to get Run off the pitch there, buyers were not giving up

1 off, can relax a bit now iv hedged some risk

If we start rejecting ETH value now, will have to consider either taking 1 more off incase we start rotating higher

Managed to get my 2nd scale out going into "B" period

Just going to let the market do its thing now, next major confluance is Fridays Value area and ETH Vwap

April 29th, 2013, 09:54 AM

greenr

Well WoW though i was going to get Run off the pitch there, buyers were not giving up

1 off, can relax a bit now iv hedged some risk

If we start rejecting ETH value now, will have to consider either taking 1 more off incase we start rotating higher

Attachment 110568

Managed to get my 2nd scale out going into "B" period

Attachment 110569

Just going to let the market do its thing now, next major confluance is Fridays Value area and ETH Vwap

Added 1 tick infront of RTH Vwap to this short

If we pop back up above RTH Vwap i will most likley look to close my position out

****closed position above RH vwap for a small profit****

April 29th, 2013, 09:58 AM

Nice trade Greenr
I was looking at a hopeful failure at 93.88. I thought for sure it was going to retest that wick high from 4/25 and then come back to re test the Break out.

93.83 was the high. That would have put into my risk profile of less than 10.
This is precisley what @ft71 was talking about in his video in regards to information risk.
I waited for more information and the train left without me.

CL Light Crude Analysis TPO/MP/VWAP/VPOC

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CL Light Crude Analysis TPO/MP/VWAP/VPOC