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CL Light Crude Analysis TPO/MP/VWAP/VPOC


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CL Light Crude Analysis TPO/MP/VWAP/VPOC

  #631 (permalink)
 greenr 
london/england
 
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trendisyourfriend View Post
Trying to predict anything is a surefire way to become a mediocre trader. Ideally, you want to identify certain areas that offer a low risk but a great reward. You want to do this ahead of time to be prepared to all eventualities. I know it seems like playing with words but there is a subtil difference.

Yes 100% im not great with word to be honest and i normally use the wrong ones

predict was not the best use of words

But all i know is knowing some things are probable and you watch them unfold if that makes better sense?

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #632 (permalink)
 jngrim 
new york, ny/usa
 
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Private Banker View Post
Don't say I didn't warn you, lol!!! Now that is what I call a spike!



Take a look at the footprint as it began really all the way from yesterday's close level. There was a huge seller(s) up there. You can see a huge drop in delta and then a gradual decline before the market completely fell out of balance. Also note the buyers that were buying the lows either bailed or reversed. Someone got nailed here!


PB,
I have been following this thread and watching how you analyze the CL like th others. I have been following and I loading the 1500 tick chart and I have very different numbers. Are you using updowntick or bidask data? Also are you using the RTH session? thanks

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  #633 (permalink)
 
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 Private Banker 
La Jolla, CA
 
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jngrim View Post
PB,
I have been following this thread and watching how you analyze the CL like th others. I have been following and I loading the 1500 tick chart and I have very different numbers. Are you using updowntick or bidask data? Also are you using the RTH session? thanks

This is a RTH chart with UpDownTick.

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  #634 (permalink)
 benrock 
hampton bays
 
Experience: Master
Platform: ninjatrader , TOS
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this is what i saw using the market profile tpo mix , seems to give it a nice bracket ,

thanks greenr you guys are great traders and got me looking at this stuff .

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  #635 (permalink)
 greenr 
london/england
 
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benrock View Post




this is what i saw using the market profile tpo mix , seems to give it a nice bracket ,

thanks greenr you guys are great traders and got me looking at this stuff .

Good to see your here bro

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #636 (permalink)
 benrock 
hampton bays
 
Experience: Master
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thanks man , i love this mp stuff

great stuff you have been writing and sharing greenr

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  #637 (permalink)
shanemcdonald28
new york
 
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benrock View Post




this is what i saw using the market profile tpo mix , seems to give it a nice bracket ,

thanks greenr you guys are great traders and got me looking at this stuff .

hi
do you use 5 day 15 min generally on TOS chart ?
do you ever use 1 day ?

thanks
shane

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  #638 (permalink)
 greenr 
london/england
 
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Well respected bullish daily trend line


" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #639 (permalink)
 greenr 
london/england
 
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Todays open

Ok here what i saw and did today

We opened inside yesterdays range and in side yesterdays value area (market in balance)

Saw a drive up on the open towards a high volume area closing out yesterdays POC

I have correct levels today, i have changed my TPO software due to ongoing issues

The new software looks great ( TPO and [AUTOLINK]Volume Profile[/AUTOLINK] Chart for NinjaTrader)

Took a short leaning against the high volume area above and yesterdays POC and we are in the higher end of yesterdays value area

on the rotation up to the POC i saw selling pressure in my foot print chart

I have changed to a 1500 tick as advised my Mr PB to get a more clear better reading of order flow





im not going to get fooled like i did yesterday and targets on this trade at the moment will be ETH vwap value area

1st of all though will have to see the markets response to yesterdays Value Area Lows @ $95.90`s we could see buyers resond in this area



Nearly got 1st and 2nd scale out

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #640 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
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Trading: CL/6E/TF/ES
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greenr View Post
Todays open

Ok here what i saw and did today

We opened inside yesterdays range and in side yesterdays value area (market in balance)

Saw a drive up on the open towards a high volume area closing out yesterdays POC

I have correct levels today, i have changed my TPO software due to ongoing issues

The new software looks great ( TPO and [AUTOLINK]Volume Profile[/AUTOLINK] Chart for NinjaTrader)

Took a short leaning against the high volume area above and yesterdays POC and we are in the higher end of yesterdays value area

on the rotation up to the POC i saw selling pressure in my foot print chart

I have changed to a 1500 tick as advised my Mr PB to get a more clear better reading of order flow

Attachment 100388

Attachment 100389

im not going to get fooled like i did yesterday and targets on this trade at the moment will be ETH vwap value area

1st of all though will have to see the markets response to yesterdays Value Area Lows @ $95.90`s we could see buyers resond in this area

Attachment 100390

Nearly got 1st and 2nd scale out

Still holdin this short and this is what im thinking

I want to see price hold below todays RTH vwap middle

and

Hold the highs of ETH vwap 1st dev high

Delta is negative still below ZERO

If we continuie to hold this are i will flatten my runner in todays RTH value area





We just got a nice seller coming in @ todays RTH Vwap pushing price out of value

Lets see if we can get a follow though to the down side now


" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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Last Updated on July 17, 2015


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