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Directional Bias
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Directional Bias

  #51 (permalink)
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Cachevary View Post
Thanks a lot!

I assume there are three sessions on the image?

Yes.
Electronical open to RTH
RTH
RTH to Electronical close

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  #52 (permalink)
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Scalpingtrader View Post
Yes.
Electronical open to RTH
RTH
RTH to Electronical close

By ''RTH'' in this case you mean Open Outcry and not the full RTH session,right?

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  #53 (permalink)
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Cachevary View Post
By ''RTH'' in this case you mean Open Outcry and not the full RTH session,right?

It's the regular CME FX RTH, as you can see by the times.
As I don't trade currency futures, I have no idea if there is a difference between "full RTH" and "open outcry".

Change the times how you need it.

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  #54 (permalink)
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Cachevary View Post
Can you please clarify.Bright blue for up and down or for up?From what i see,the range in the SessionPivots is always bright blue,regardless where it closes.

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Bright blue is the trend side of the pivot range, dark blue is off-trend.

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  #55 (permalink)
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courier12 View Post
Thank you as always @Fat Tails.

I was looking @ CL for yesterday (Dec 22) and did the following analysis which seems similar to the ES chart you posted regarding price action on Dec 17.

For CL on Dec 22:

Thursday VWAP is slightly greater than Friday VWAP => Bullish bias going into Monday Dec 22.
Thursday pivot > Friday pivot so bias for Monday is bullish. Did I get this analysis right?

I have tradestation and am using the ETH VWAP's which I found on the TS community. so there maybe some discrepancy in how the calculations are done.

On Monday, the overnight session in CL was bullish, but the RTH session clearly bearish.

Since bias based on pivot and VWAP was bullish, in real time at what point would warning signs flash regarding the bullish bias?

Thank you for your time,

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  #56 (permalink)
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Thank you @Fat Tails.

Helps immensely in clarifying my thoughts. Finding it objective to define trend using Yesterday and Day before yesterday VWAPs and these screenshots help with working on bias in real time.

1. Go counter trend to today @ upper 2SD expecting a restest of value since we opened far from value.
2. Buy on retest of value since bias is bullish. However since the bulls are weak bias needs to be evaluated in real time.




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  #57 (permalink)
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@Fat Tails,

Hi FT,

would it be possible to add the Pivot Points percentage ratio as depicted on the image?

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Directional Bias-cl-02-15-15-min-22_12_2014-pivots.png  
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  #58 (permalink)
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Cachevary View Post
@Fat Tails,

Hi FT,

would it be possible to add the Pivot Points percentage ratio as depicted on the image?

The ratio would be 1.0085, which is 1 + 0.85%. Of course it would be possible to plot that figure somewhere on the chart, but it would require a modification of the indicator.

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  #59 (permalink)
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@Fat Talis,

How would you access Directional Point via strategy?Maybe MA crossover or some similar study?What would be the best way,in your opinion?

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