CL Light Crude Analysis TPO/MP/VWAP/VPOC

January 7th, 2013, 09:53 AM

kulu

Gang,

Hope everyone had a great weekend. Just a quick question about the RTH VWAP.I have heard and seen folks say that the first hour of the RTH VWAP is unstable and one should consider using the ETH during that time period. Is there any literature to support this claim or it is a "common belief" among VWAP traders?

Thanks

@bobarian

Let leash on your understand from PB

P.S very slow monday morning

Light volume.....

I can feel the tension in this market at the moment...we are in a tough spot for longer term investors if you ask me

5 min and the Inital Balance will be in...looks like a tight 45 cent range at the moment

January 7th, 2013, 09:59 AM

kulu

Gang,

Hope everyone had a great weekend. Just a quick question about the RTH VWAP.I have heard and seen folks say that the first hour of the RTH VWAP is unstable and one should consider using the ETH during that time period. Is there any literature to support this claim or it is a "common belief" among VWAP traders?

Thanks

goood question.For the first hour, imo, eth is really what we should be using.....However,as we get beyond the dow open, keep an aye on that rth chart,to see if price is starting to grab on to those levels.Especially if they are lining up with eth levels

January 7th, 2013, 10:02 AM

i am using nt7, and rancho dinero vwap.Is anyone aware of a monthly vwap we could use?Maybe some of the programmers are aware of this?

January 7th, 2013, 10:07 AM

So here is what i wanted to see

The single wick TPO hold

And

Volume intrest at the higher prices for the follow though up the bracket

NOw im looking for $93 and what happen in this area

I would like to try hold higher but i need to see the conviction for higher prices now

See if we have the power to test Globex highs @ 92.25

If i see heavy volume into this area i will hold for higher prices

January 7th, 2013, 10:11 AM

wont there be a test of PHOD at this point ?

January 7th, 2013, 10:15 AM

shanemcdonald28

wont there be a test of PHOD at this point ?

Yes that is logically the next level in concern

i forgot to mention it sorry

January 7th, 2013, 10:36 AM

greenr

So here is what i wanted to see

The single wick TPO hold

And

Volume intrest at the higher prices for the follow though up the bracket

Attachment 98796

NOw im looking for $93 and what happen in this area

I would like to try hold higher but i need to see the conviction for higher prices now

See if we have the power to test Globex highs @ 92.25

If i see heavy volume into this area i will hold for higher prices

ok i bailed for a 50 cent runner

I should have held with the provided info, but im not getting greedy and im done for the day

Here is what i saw

SHifting Vpoc higher

Shifting value higher

Looks good for the continuation............

$93 choppy area

We closed a naked gap from fridays close

Had over head resistance from PHOD friday @ 93.15

and inital IB extension area resistance

So i chose to be greatful and exit for a nice runner

have a good day people

January 7th, 2013, 10:37 AM

a 50 tick runner ?
thats awesome !
well done

shane

January 7th, 2013, 10:39 AM

nice hold on that one Ryan

January 7th, 2013, 11:02 AM

bobarian

nice hold on that one Ryan

nicely done Ryan. I was also eying that long off the ONL at the open but I was too slow on the trigger.

CL Light Crude Analysis TPO/MP/VWAP/VPOC

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CL Light Crude Analysis TPO/MP/VWAP/VPOC