CL Light Crude Analysis TPO/MP/VWAP/VPOC

January 14th, 2013, 10:05 AM

Private Banker

Guys, you aren't going to find an easier set up than what we had at the open. Open out of range. tested the naked POC which was rejected. Perfect initial short. We then closed the gap, came up to RTH VWAP as the IB period completed, that's an add. We're now in an expansion run and testing Friday's levels.

I had it nailed....but had technical problems with data feeds!!!!

January 14th, 2013, 10:10 AM

bobarian

look for sh at .74 area, if it gets there....eth 1sd,rth dvah

nicely done!

on the 512 tick chart, it showed to stay with the short you called !
what if you had a 512 tick chart open, to look at , along with the 144 ?

I did not take it live

thanks

January 14th, 2013, 10:13 AM

shanemcdonald28

nicely done!

on the 512 tick chart, it showed to stay with the short you called !
what if you had a 512 tick chart open, to look at , along with the 144 ?

I did not take it live

thanks

well, if you saw my next post,i blew this one.....Heres the thing, if the trade doesnt work quickly, i lose faith , and bail....an easy remedy, is to keep a standard stop, and dont move it

January 14th, 2013, 10:22 AM

Private Banker

Guys, you aren't going to find an easier set up than what we had at the open. Open out of range. tested the naked POC which was rejected. Perfect initial short. We then closed the gap, came up to RTH VWAP as the IB period completed, that's an add. We're now in an expansion run and testing Friday's levels.

nice job.Im so hung up on looking for low vol/time areas on the tpo, that wasnt even a thought.Looking back , i see it of course.

I have all the single print areas identified on the ON tpo and rth prev day.Of course, those wont always be the reject areas.

I figured we would get hung up around 93,but as of now, a scratch day...

January 14th, 2013, 10:36 AM

Ok as i mised the inital open drive down

I sat on hands and couldn not find a oppotunity to get in short with low risk

I tried to buy back into value earlier and had a small stop

Here is what i saw at the current lows

We closed out a POC and a VPOC around the low $93 area

We hit the 2nd IB extension and fridays low of vwap value

I saw alot of buying absortion around the $93 area

were also hit the 2nd / 3rd dev wap on both RTH and ETH

and friday low value area

I went long $93.04 looking for a reversion to the mean trade

January 14th, 2013, 10:37 AM

Just thinking about this,and i thought about some guidelines for the open...

1)open in range......important levels
ON lod/hod
ON low vol/ single print areas
Prev day rth low vol/single print areas
2)open out of range....important levels
ON low vol/single print areas
Naked poc/val/vah of previous day

Question..when looking at thursdays naked levels, in general, would the poc be more important then the naked vah?I would say yes.

of course, we recognize prev rth L/H/C...

opinions welcome always...

January 14th, 2013, 10:50 AM

Exited final 1/3 at Friday's VAL which was confluent with the 2nd IB extension. Will monitor the market now for further developments. May just balance here but will see how it goes.

January 14th, 2013, 11:01 AM

greenr

I got an execution error because ninja trader was trying to send the order though that feed and not my AMP broker feed! :-@

This should only happen if you're on SIM from what I understand. Make sure you have your account selected in the drop down on the DoM or order window.

Since you missed the original entry, there was still the pullback to RTH VWAP which was also the ETH lower 1st SD level. Good confluence there. We knew what the market's intentions were at that point, you just have to give it a shot. I added to my position there.

January 14th, 2013, 11:03 AM

Private Banker

This should only happen if you're on SIM from what I understand. Make sure you have your account selected in the drop down on the DoM or order window.

Since you missed the original entry, there was still the pullback to RTH VWAP which was also the ETH lower 1st SD level. Good confluence there. We knew what the market's intentions were at that point, you just have to give it a shot. I added to my position there.

thanks

i did not realize you separated ETH vwap from RTH !

thanks

still learning
shane

January 14th, 2013, 11:03 AM

bobarian

nice job.Im so hung up on looking for low vol/time areas on the tpo, that wasnt even a thought.Looking back , i see it of course.

I have all the single print areas identified on the ON tpo and rth prev day.Of course, those wont always be the reject areas.

I figured we would get hung up around 93,but as of now, a scratch day...

Single prints are important but make sure you can filter that into a trade location that makes sense within the current context (developing value/VWAP). Its just a filter process really.

CL Light Crude Analysis TPO/MP/VWAP/VPOC

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CL Light Crude Analysis TPO/MP/VWAP/VPOC