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CL Crude-nalysis
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CL Crude-nalysis

  #151 (permalink)
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DarkPoolTrading View Post
Completely agree.

Added to that (which im sure very few will agree with), is that in my opinion 80% of what happens intra-day is noise. There are 1 to 2 real moves per day in a given instrument. Unless you're scalping for ticks, the goal should be to try to align with the 1 or 2 major moves of the day and stop trying to make sense of every little move or trying to constantly draw trendlines to figure out which is the 'real' one. Figure out what the market is trying to do, figure out the context of the market. Then trade the major move by getting in using whatever method you prefer.



Well said!

As long as it keeps on giving, take what you can!

We just put in a new momentum high on the 5min, but not a new high in price!

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  #152 (permalink)
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5min new momentum high without a new high in price mentioned earlier played out to the downside.

Nice overhead resistance going into the NY high with the previous day high, previous week VAL and the week's open all overhead....diverged on the 5min and every chart down.

Load and reload all the way to the bottom on the retraces with the 300 volume chart. End of trend paint signal and diverged lows for the exit door!

Played out the rest on Brent.

Solid day overall!


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Last edited by BTR411; September 12th, 2014 at 03:50 PM. Reason: added text
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  #153 (permalink)
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Monthly VWAP


93.61 tested... bias short.

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CL Crude-nalysis-cl-monthly-vwap.jpg  
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  #154 (permalink)
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Yet another sign bear move may be over. (Bear move meaning down move that started towards the end of June from the top of the red wedge we are in.)

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Regardless if it is indeed the end of the bear move, undoubtedly the reason we're seeing the buying tails is from A) the unwinding of longer term short positions, and B) the initiation of longer term long positions.

Wonder if this information is starting to show up in the COT reports? I have never looked at one.

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  #155 (permalink)
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Indextrader7... I'd like to see a retest of the 92.00 area before buying this market....fwiw

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  #156 (permalink)
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Breaking up through 93.50 which appears on my stuff as an important level with a bunch of stops above. There should be fuel for it to go higher.

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  #157 (permalink)
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Longer time frame charts all diverged going into the open.

Classic crude setup with the drive down into the open, hitting the Asia and London Stops.

Price Action in the shadow of the wide range bar from 9/11.....run a profile from 9/11 until the start of today. Reversal at that profile's VPOC.

5min chart diverged.

Unload and reload on the retrace.

Diverged highs are the exit door!

Up fast = down fast

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The Alchemist View Post
93.61 tested... bias short.

Just so you know, you are displaying TWAP on your charts, not VWAP. There is a difference.

 
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I hope you all bought deep OTM calls when we were trading 90's

 
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indextrader7 View Post
Just so you know, you are displaying TWAP on your charts, not VWAP. There is a difference.

My bad... I use both VWAPs and TWAPs I just refer to them both as VWAP... Sorry for the confusion.


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