CL Market Profile Analysis - Commodities Futures Trading | futures io social day trading
futures io futures trading


CL Market Profile Analysis
Updated: Views / Replies:47,372 / 280
Created: by David_R Attachments:133

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 133  
 
Thread Tools Search this Thread
 

CL Market Profile Analysis

  #151 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

MP chart for CL today. The open was lower and outside of value. CL did trade higher, but into resistance.
I also show a couple potential trade approaches based on the resistance defined yesterday. One is more aggressive than the other based on the resistance zone and the other is waiting on a price action indication. On the price action approach, price also gets below the 20EMA. The targets are determined by the profile structure and the prior high volume area and value areas as well as what the developing value area or POC. Taking the more aggressive approach can yield more profit for about the same amount of risk assuming you use the targets based on the profile.

David

Attached Thumbnails
CL Market Profile Analysis-cl513mp.jpg  
Reply With Quote
The following 3 users say Thank You to David_R for this post:
 
  #152 (permalink)
Sharpening mental edge
the congo
 
Futures Experience: Advanced
Platform: North sea oil rig
Favorite Futures: Cl
 
rassi's Avatar
 
Posts: 826 since Jun 2009
Thanks: 1,147 given, 925 received
Forum Reputation: Legendary


David_R View Post
Here is a MP chart for CL. This is as of Wednesday the 12th. In a bit of a range the last 4 days after quite a sell off. Some nearby S/R marked on the chart.

David

David, want to do this for es / ym? would make my life easier (less work for me)

Well done for keeping the thread going.

Reply With Quote
The following user says Thank You to rassi for this post:
 
  #153 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received



rassi View Post
David, want to do this for es / ym? would make my life easier (less work for me)

Well done for keeping the thread going.


Rassi,

I will try and do some on ES or YM. I do think CL tends to respond in a cleaner fashion than the ES does to the MP levels. ES has all the fake outs.

If you want to see MP analysis on the ES on pretty much a daily basis, check out the youtube videos by eminidaytraderes. He does a shortened, free version of a video most days. Some days he will skip. The youtube version is just a portion of what he does for his members. They trade based on some software they use on the one minute chart, based on their system. I'm not suggesting joining because they lease/sell the software, but the free video may be helpful. FWIW

David

Reply With Quote
The following user says Thank You to David_R for this post:
 
  #154 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

MP chart for CL. virtually the same type of set up as yesterday.

D

Attached Thumbnails
CL Market Profile Analysis-clmp514.jpg  
Reply With Quote
The following 3 users say Thank You to David_R for this post:
 
  #155 (permalink)
Elite Member
Argentina
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen Fire / IB
Favorite Futures: ES, TF, 6E, CL
 
gtichauer's Avatar
 
Posts: 379 since Jul 2009
Thanks: 807 given, 296 received


David_R View Post
MP chart for CL. virtually the same type of set up as yesterday.

D

David,

Why the High of the 5m chart for today is $74+ and the one of the 1m TPO chart is $73,82?

Thanks,

GT
Reply With Quote
 
  #156 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


gtichauer View Post
David,

Why the High of the 5m chart for today is $74+ and the one of the 1m TPO chart is $73,82?

Thanks,

It isn't, check the bottom x-axis time stamps closer, you'll see "5/14" printed towards far right.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #157 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

market profile for CL. Pretty nice short at the POC of Friday. I guess this is where taking the tough trades comes in. Price exceeds the trend line etc. I guess this is way it all comes down to probabilities and consistency. May win some and may lose some. Still a nice setup from the AMT perspective and based on the profile.

D

Attached Thumbnails
CL Market Profile Analysis-cl517mp.jpg  
Reply With Quote
The following 2 users say Thank You to David_R for this post:
 
  #158 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

End of day CL MP

Attached Thumbnails
CL Market Profile Analysis-cl0517mp.jpg  
Reply With Quote
The following user says Thank You to David_R for this post:
 
  #159 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

MP chart of CL. Crazy day in CL. The single print area held as resistance. It just so happened the high volume area of that zone was the actual resistance. This was true for the overnight as well as the day session. Many things in favor of a short there. 1. It is the single print area which indicates strong selling in this case. 2. It was the overnight high. 3. the instrument is in a downtrend and 4. in addition to the single prints it was at the point of High volume.

I hope this helps.

David

Attached Thumbnails
CL Market Profile Analysis-cl0518mp.jpg  
Reply With Quote
The following 3 users say Thank You to David_R for this post:
 
  #160 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received


CL for today with S/R. I also show another approach to trade the balance area or in this case supply. It is using volume and or some VSA methods as well as the Trader Vic 2B pattern.
I took a sim on this for 30 tics. Went a bunch more as it should.

D

Attached Thumbnails
CL Market Profile Analysis-cl0519.jpg   CL Market Profile Analysis-clmp519.jpg  
Reply With Quote
The following 2 users say Thank You to David_R for this post:

Reply



futures io > > > > CL Market Profile Analysis

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Market analysis with SQL shodson Platforms and Indicators 8 March 28th, 2015 12:45 AM
Day Time TJ for CL starting 2/22 with pre mkt & post-mortem analysis spartacus Trading Journals 53 April 28th, 2011 01:05 AM
market profile? jrs659 Traders Hideout 6 September 24th, 2010 09:45 PM
CL rollover adjustment & volume profile charts neko333 Commodities Futures Trading 19 September 13th, 2010 04:02 PM
ES/YM Market Profile Analysis David_R Emini Index Futures Trading 37 August 24th, 2010 05:50 PM


All times are GMT -4. The time now is 02:10 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.14 seconds with 20 queries on phoenix via your IP 54.226.34.209