session times for oil TPO charts? - Commodities Futures Trading | futures io social day trading
futures io futures trading


session times for oil TPO charts?
Updated: Views / Replies:675 / 20
Created: by TATrader20 Attachments:3

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 100,000 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 – 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 don’t 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
 3  
 
Thread Tools Search this Thread
 

session times for oil TPO charts?

  #11 (permalink)
Trading Apprentice
Annapolis, MD
 
Trading Experience: Advanced
Platform: Sierra
Favorite Futures: Emini ES, Forex,
 
Posts: 5 since Jan 2019
Thanks: 5 given, 4 received


Grantx View Post
TPO can give you a lot of useful information but you must give it time to accumulate and establish itself. A day is just not long enough imo and besides, when your chart has more than 3 or 4 profiles it starts getting confusing because the usefulness of the data gets degraded highs/lows/POC/VAH/VAL/HOD/LOD etc… The more profiles you look at the more everything starts conflicting.
Load up 3 separate charts, daily, weekly and monthly and see which one is more usable for your purposes. I think you want to be working with a profile that has already established and not one that is still in construction because what's the point of it then?

Good luck with it though. Its a great tool.

Just to play devil's advocate somewhat; and not to argue..... wouldnt a profile still under construction offer more opportunities than one that WAS more established? As completion of the 'structure' in a profile chart is often inversely correlated with opportunities; as once it is in plain view for all to see...if we base trades on that, would most likely be late entering/exiting.

But then again, I suppose it is all about the particular timeframe you are looking at and TPs and such. Either way, good stuff and very much appreciate all the input

Reply With Quote
 
  #12 (permalink)
Market Wizard
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 822 since Apr 2012
Thanks: 645 given, 3,153 received
Forum Reputation: Legendary

I can help with that....drop me a PM..

Cheers..
JD


TATrader20 View Post
Greetings traders; am new to this site and what a fantastic wealth of information this is!
Good stuff! Hopefully i can bring something of value to conversations on here as we go along.

My question today is regarding TPO charts for CL/crude oil. I have always been more of an ES trader, but i find that these days; i just may not have the stomach to daytrade those contracts anymore.

Anywho..I use TPO charts and wondering if anyone has any input as to the 'session' times i should use. for ES my 'main session' is 9:30-16:00 EST and everything else as my 'overnight' (using Sierra)

Wondering how i should construct my oil tpo chart settings. wonder if the same 9:30-16:00? or perhaps maybe 8:00-14:30 daily settlement?

Or if just using one session for all day.... what time would YOU start your chart? 8:00? 9:30? 18:00? some other time?

Thanks in advance!


J Dennis Neeman.
Learning..always learning...
Reply With Quote
The following user says Thank You to JDNeeman for this post:
 
  #13 (permalink)
Professional Guesser
Reading UK
 
Trading Experience: None
Platform: Sierra
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,524 since Oct 2016
Thanks: 2,086 given, 3,836 received
Forum Reputation: Legendary



TATrader20 View Post
Just to play devil's advocate somewhat; and not to argue..... wouldnt a profile still under construction offer more opportunities than one that WAS more established? As completion of the 'structure' in a profile chart is often inversely correlated with opportunities; as once it is in plain view for all to see...if we base trades on that, would most likely be late entering/exiting.

But then again, I suppose it is all about the particular timeframe you are looking at and TPs and such. Either way, good stuff and very much appreciate all the input

I disagree. A better developed profile directly correlates to opportunity. Sounds like you're looking into profiles to provide trade signals. Don't give profiles any responsibility beyond being information providers, they will walk all over you.

Think of a criminal profiler. One crime scene provides information to compile a profile. Two or more crime scenes will provide a much more comprehensive picture of the perpetrator. The more information they have to work with the better. Same with TPO. Then again I suppose its how you intend using the information. I mark areas of potential reversal and then wait for signals on the candle chart in the form of price action and volume.


@JDNeeman why PM? Why not share what you have to say here on the forum so that we can all learn something?

Reply With Quote
The following 2 users say Thank You to Grantx for this post:
 
  #14 (permalink)
Market Wizard
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 822 since Apr 2012
Thanks: 645 given, 3,153 received
Forum Reputation: Legendary

@Grantx

Hello, I undeerstood no interest in TPO or market profile trading besides the guy who started it...anyways,,,, my whole trading system is based on Market profile....

I use a combination of MP, VP and Order Flow... we all have a very different approach on MP

About the times....I use the following...

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


We could start a chat a out MP--- I know there are several around the forum

JD



Grantx View Post
I disagree. A better developed profile directly correlates to opportunity. Sounds like you're looking into profiles to provide trade signals. Don't give profiles any responsibility beyond being information providers, they will walk all over you.

Think of a criminal profiler. One crime scene provides information to compile a profile. Two or more crime scenes will provide a much more comprehensive picture of the perpetrator. The more information they have to work with the better. Same with TPO. Then again I suppose its how you intend using the information. I mark areas of potential reversal and then wait for signals on the candle chart in the form of price action and volume.


@JDNeeman why PM? Why not share what you have to say here on the forum so that we can all learn something?


J Dennis Neeman.
Learning..always learning...
Reply With Quote
 
  #15 (permalink)
Professional Guesser
Reading UK
 
Trading Experience: None
Platform: Sierra
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,524 since Oct 2016
Thanks: 2,086 given, 3,836 received
Forum Reputation: Legendary

@JDNeeman
I will take a look through your journal and see how you go about things. Might have a few questions, Im always keen to learn from experienced traders.

Reply With Quote
 
  #16 (permalink)
Market Wizard
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 822 since Apr 2012
Thanks: 645 given, 3,153 received
Forum Reputation: Legendary

@Grantx

I Dont have a journal of MP. ... I has been my trading system for a while...I have posted ather methods I tried...but never MP.... but i could create one if there is interest,

Let us know..

JDN


Grantx View Post
@JDNeeman
I will take a look through your journal and see how you go about things. Might have a few questions, Im always keen to learn from experienced traders.


J Dennis Neeman.
Learning..always learning...
Reply With Quote
The following user says Thank You to JDNeeman for this post:
 
  #17 (permalink)
Professional Guesser
Reading UK
 
Trading Experience: None
Platform: Sierra
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,524 since Oct 2016
Thanks: 2,086 given, 3,836 received
Forum Reputation: Legendary


JDNeeman View Post
@Grantx

I Dont have a journal of MP. ... I has been my trading system for a while...I have posted ather methods I tried...but never MP.... but i could create one if there is interest,

Let us know..

JDN

Yeah, Im interested for sure! I will post some TPO comparisons.

Reply With Quote
The following 2 users say Thank You to Grantx for this post:
 
  #18 (permalink)
Market Wizard
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 822 since Apr 2012
Thanks: 645 given, 3,153 received
Forum Reputation: Legendary

Ok.

Will create one....and lets explore the ideas...

JDN


Grantx View Post
Yeah, Im interested for sure! I will post some TPO comparisons.


J Dennis Neeman.
Learning..always learning...
Reply With Quote
The following user says Thank You to JDNeeman for this post:
 
  #19 (permalink)
Market Wizard
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 822 since Apr 2012
Thanks: 645 given, 3,153 received
Forum Reputation: Legendary

Here you go...

@Grantx

https://futures.io/elite-trading-journals/46109-market-profile-tpo-volume-profile-exploring-ideas.html#post704920




Grantx View Post
Yeah, Im interested for sure! I will post some TPO comparisons.


J Dennis Neeman.
Learning..always learning...
Reply With Quote
The following 2 users say Thank You to JDNeeman for this post:
 
  #20 (permalink)
Trading Apprentice
Annapolis, MD
 
Trading Experience: Advanced
Platform: Sierra
Favorite Futures: Emini ES, Forex,
 
Posts: 5 since Jan 2019
Thanks: 5 given, 4 received


Absolutely I use TPO charts for 'trade signals'

Like you said though; it is all about how we use the information presented to us. I am a VERY short term trader...scalper. Very rare am I in a trade longer than half hour or so; so the TPO charts offer great information on likely turning points.

Little subtleties on interpreting the data and the developing profile; such as today's ES action:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


The first clue that this could be a big uptrend day; apart from looking at a standard candlestick chart; is the lower purple arrow. When, in the 4th period of the day (11:00-11:30am) we broke the high of the initial balance denoted by the vertical blue bar....that was the first indication of a possible trend day forming. (Ended up being a double distribution day)

The second clue are those green arrows where we took out a naked POC and a naked volume POC from the island reversal last friday...we didnt even pause there; bulls kept buying right through that previous area of balance.

The third clue came on the higher purple arrow when we again extended the day's range by printing single TPO's. Granted, this move was fueled by fed announcement, but that was an indication that the initial move up could have some legs and actually hold that initial spike; as opposed to the typical reversal of first direction following fed news.

These charts with watching 1 min chart and simply watching the orderbook..... works well for me

Reply With Quote
The following user says Thank You to TATrader20 for this post:

Reply



futures io > > > > session times for oil TPO charts?




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

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

60 Minutes to Better Decisions & Better Trades w/Agustin Lebron

Elite only
 

Live Day Trading the E-MICROS w/Ilan @ Cannon (special time: 12PM ET)

May 30
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Globex 24 hour session times for pivot points hoolio Sierra Chart 7 April 29th, 2019 01:09 PM
Volume by price and session times Grantx Sierra Chart 1 March 2nd, 2018 03:03 PM
Make sure of session times Grantx Traders Hideout 3 May 6th, 2017 04:53 AM
IB FX vs FXCM data & TPO charts Oysteryx Reviews of Brokers and Data Feeds 1 March 12th, 2014 11:18 PM
OHLC with optional session times carlos NinjaTrader Programming 1 September 21st, 2009 07:37 AM


Tags
chat, cl, commodities, crude, crude oil, data, day session, daytrade, distribution, elite, es, est, eth, fed, futures, information, initial balance, instrument, journal, loss, market profile, market-profile, news, order flow, poc, price action, scalper, short, short term, sierra, signals, stock market, tf, timeframe, top, tpo, trading, trading instrument, trading system, volume, vp, vpoc

All times are GMT -4. The time now is 10:45 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, 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 2019-05-23 in 0.24 seconds with 35 queries on phoenix