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


CL Market Profile Analysis
Updated: Views / Replies:47,503 / 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

  #181 (permalink)
Elite Member
Toronto Canada
 
Futures Experience: Intermediate
Platform: ninja Trader, Ensign,Market Delta
Broker/Data: AMP,Global Futures
Favorite Futures: Eminis
 
Posts: 97 since Jun 2009
Thanks: 46 given, 83 received

OFA plateform Lease


David_R View Post
KJAVED,

I have not gone live yet with the OFA platform, but that is my plan. I want to find the areas of support and resistance from the market profile work and use the OFA for entry. I know someone else that is using it and they were the one that got me into it. They spoke very highly of it. OFA offers a training course on their software. They have their own way of using it.

The bars are not time based or volume bars, at least that is what I am told. The time periods are based on an auction and some kind of exhaustion. When the exhaustion occurs a new auction begins, so there is not setting for 15 minutes or 5 minutes, or whatever. Originally the package was only for the ES, but since their last release they have a multi instrument version. CL may be to thin, but I am told others use it on the 6E.

There is a Market profile thread for the ES as well. I show an example or two there.

David

Hi Daid,

Thanks for reply. If they just offer only plateform for lease, I am willing to go for it right a way, but I come to know that they did not offer plateform with out Boot camp training( $2500 for 5 days training). If you have some better information about it can you please pass on.
Further you mentioned that you use OFA for entry. but at same time you said you did not go live with OFA. Can you explain little bit. Thanks in advance.

Reply With Quote
 
  #182 (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


KJAVED View Post
Hi Daid,

Thanks for reply. If they just offer only plateform for lease, I am willing to go for it right a way, but I come to know that they did not offer plateform with out Boot camp training( $2500 for 5 days training). If you have some better information about it can you please pass on.
Further you mentioned that you use OFA for entry. but at same time you said you did not go live with OFA. Can you explain little bit. Thanks in advance.


They do offer the platform for lease, but i don't know if they will do it without the bootcamp. I was able to get it without the bootcamp because someone referred me to them and he told them I didn't need it. they do have a 30 day trial, I believe.

My plan is to use it for entry and key levels, but I have not done so live yet. I have taken a couple of Sim trades with it, but not real $.

David

Reply With Quote
 
  #183 (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 MP chart.

D

Attached Thumbnails
CL Market Profile Analysis-cl_52410_mp.jpg  
Reply With Quote
 
  #184 (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: 46,240 since Jun 2009
Thanks: 29,354 given, 83,236 received


David_R View Post
CL MP chart.

D

Not a MP expert by any means, but on your left chart, why isn't the yellow line (POC) at 70.20 where the most volume occurred? Instead it seems to be a few ticks below it.

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
The following user says Thank You to Big Mike for this post:
 
  #185 (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


Big Mike View Post
Not a MP expert by any means, but on your left chart, why isn't the yellow line (POC) at 70.20 where the most volume occurred? Instead it seems to be a few ticks below it.

Mike

Mike,

The volume is depicted by the light colored histogram to the right of the letters. I think the POC is on the highest volume area. If you are referring to the peak where the letters are at their highest point, that would the the TPO's (Time Price Opportunities). Some do use the TPO's to determine the POC as well as the value area, but I like to use the volume.

Does that make sense?

D

Reply With Quote
The following user says Thank You to David_R for this post:
 
  #186 (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: 46,240 since Jun 2009
Thanks: 29,354 given, 83,236 received


David_R View Post
Mike,

The volume is depicted by the light colored histogram to the right of the letters. I think the POC is on the highest volume area. If you are referring to the peak where the letters are at their highest point, that would the the TPO's (Time Price Opportunities). Some do use the TPO's to determine the POC as well as the value area, but I like to use the volume.

Does that make sense?

D

Yes, perfectly. I knew in my mind POC was highest volume, yet I was fixated on the TPO chart.

It's interesting they are close but not quite a match. Does this happen often? Or are some days the peak TPO not close to POC?

(showing my ignorance of market profile here)

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
 
  #187 (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


Big Mike View Post
Yes, perfectly. I knew in my mind POC was highest volume, yet I was fixated on the TPO chart.

It's interesting they are close but not quite a match. Does this happen often? Or are some days the peak TPO not close to POC?

(showing my ignorance of market profile here)

Mike


Hey, I rather be ignorant about something regarding trading and know how to trade then know more then others do about something.

In the profile you are referring to it is a merge of three days. It is a well defined bell shaped curve which would basically put the POC right at the center. The TPO's are at the center and the volume is very close. The more bell shaped the profile is the more it tends to be centered. A mature profile will be more bell shaped from what I know. If you look at the daily profiles to the right and look at 5/20 you can see the TPO's are higher than the high volume area, so they are not even close. On a trend day when you get a vertical move and then price stops and rotates the rest of the day you get the bell curve at the point where price just consolidates because that is where most of the volume actually is as well as the TPO's. I hope that makes sens.

D

D

Reply With Quote
The following 2 users say Thank You to David_R for this post:
 
  #188 (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

Sorry for no posts for a while. Some work came my way and I've been doing that. It really gets in the way. :-)

MP chart to update CL. Based on the MP I would say there is still more upside to come, but it would be nice to see a pullback to achieve a better price. S/R marked on chart.
D

Attached Thumbnails
CL Market Profile Analysis-cl52810mp.jpg  
Reply With Quote
The following 2 users say Thank You to David_R for this post:
 
  #189 (permalink)
Elite Member
Denver, Colorado
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES, CL, anything that makes $$
 
Posts: 178 since Nov 2009
Thanks: 157 given, 72 received

Does anyone know where to get the MP levels for CL if you don't need anything else. I don't need VP, TPOs just VAL, VAH, POC. Seem easy to find for ES, YM but not CL. TIA

Reply With Quote
 
  #190 (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



dandxg View Post
Does anyone know where to get the MP levels for CL if you don't need anything else. I don't need VP, TPOs just VAL, VAH, POC. Seem easy to find for ES, YM but not CL. TIA

I am not aware where to obtain the levels, but I can suggest two things. 1. You can go to the market profile calculator at Market Profile Calculator (beta) you will need to enter the half hour ranges such as 70-70.50... and do that for each half hour and it will create the profile for you and give the VAH, VAL and POC. 2. this may be better and that is use the market profile indicator on the forum and just take what you want from it and forget the rest.

David

Reply With Quote

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)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

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 01:00 PM.

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 2017-12-16 in 0.19 seconds with 20 queries on phoenix via your IP 54.91.38.173