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

  #851 (permalink)
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When price re-enters "value" and is not rejected back out, it means that the current price is now accepted and two way trade can come back into play. Its a lot more complicated than that but those are the basics.

@Private Banker


Thanks!.. So then what are you referencing as "value" in the ON session? Are you using the same definition as @greenr and within the VWAP 1SD ETH?

Sorry for the elementary questions. I trade PA only but have always had an interest in MP trading.

Wolf

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@Private Banker


Thanks!.. So then what are you referencing as "value" in the ON session? Are you using the same definition as @greenr and within the VWAP 1SD ETH?

Sorry for the elementary questions. I trade PA only but have always had an interest in MP trading.

Wolf

That's correct. VWAP value (area between the two 1st SD levels) is essentially the same as the other variations but provides a smoother point of reference.

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  #853 (permalink)
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Good open today and i hit it well

We opened up in ON balance...right at yeaterdays POC

Saw inititave buyers on the open

went long at ETH vwap 1st Dev lows and yesterdays POC

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From what i can see we could see a nice move up here if we can break and hold above GLOBEX highs

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  #854 (permalink)
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came back into value, short....vs that strong opening drive,,,hmmm
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ended up bailing on that.be.too many tails at the rth 1sd

and ....she fell...read the noise,pay the price


Last edited by bobarian; February 7th, 2013 at 10:43 AM.
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Trade from the extremes... Short from the ON high. Look for a probe back into yesterday's profile.

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Trade From Extremes


Private Banker View Post
Trade from the extremes... Short from the ON high. Look for a probe back into yesterday's profile.

@Private Banker

I noticed that the ETH VWAP and the HVN for the same period were close to the same price level at the open. This implies that the distribution for the ON session was normal and not skewed. This has implication to trade the extremes, particularly when combined with a FBO from the ON high.

Question.. do you look at type of distribution of volume(i.e. normal or skewed) to help you to determine to fade extremes?

Thanks,

Wolf

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Trade from the extremes... Short from the ON high. Look for a probe back into yesterday's profile.

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I bailed long when we came back into balance and broke below ETH vwap

Want went for a short as we rejected RTH vwap value

Perfect position as usual Ben ....thought we were going to go higher today from this morning open drive

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@Private Banker

I noticed that the ETH VWAP and the HVN for the same period were close to the same price level at the open. This implies that the distribution for the ON session was normal and not skewed. This has implication to trade the extremes, particularly when combined with a FBO from the ON high.

Question.. do you look at type of distribution of volume(i.e. normal or skewed) to help you to determine to fade extremes?

Thanks,

Wolf

Could you provide me with a chart example? I'm not a volume profiler really. I look at them but its not my cup of tea.

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VWAP and VPOC



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Could you provide me with a chart example? I'm not a volume profiler really. I look at them but its not my cup of tea.

@Private Banker

The chart attached has a volume profile that has changed since the open.. but at the open it was a normal (bell shaped distribution) with the highest volume node(HVN) being almost equal to the VWAP.

Since VWAP is based on volume and the distribution of the volume is bell shaped(normal) with the HVN and VWAP equal, it is the environment ripe for Reversion to mean(RTM) trading statisticially. When the ON high was a FBO, it made sense to go short as a RTM trade.

This would be in contrast to where the VWAP and volume distribution did not match and the distribution was skewed(either a "P" or a "b").. This would be more indicative of a trend and not a RTM possibly.

Anyhow, I am really just new to this MP stuff and trying to understand how to incorporate VWAP and MP into my trading at the open. Some of what I have said is conjecture on my part based on limited understanding of VWAP , but some basic understanding of statistics... I have never traded VWAP at all, so I may have all of this improperly framed.

So I would appreciate any insight you may have as to the conditions as when you look to trade the extremes(RTM) using VWAP. I would take it you do not look at VPOC and its relation to to VWAP or the volume profile.

Thanks for you insights!

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