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bobs qwest to attain consistency
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bobs qwest to attain consistency

  #431 (permalink)
Market Wizard
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friday
4/27/2012
2 trades
very tight range today, i came back home, and the charts are so tight.There was tremendous churn midday, which eventually led to the break higher.In retrospect, there was a trade there, which i point out on the recap.It seems like alot of levels are intermingled now, but, we closed at the hi, which might be important.The es it seemed closed hi as well....................The trades where we look for the big churn to come in,havent been as obvious this week.I guess thats an indication of the tightness.

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  #432 (permalink)
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bobarian View Post
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friday
4/27/2012
2 trades
very tight range today, i came back home, and the charts are so tight.There was tremendous churn midday, which eventually led to the break higher.In retrospect, there was a trade there, which i point out on the recap.It seems like alot of levels are intermingled now, but, we closed at the hi, which might be important.The es it seemed closed hi as well....................The trades where we look for the big churn to come in,havent been as obvious this week.I guess thats an indication of the tightness.

You had it right. 104.20 was VPOC from yesterday. volume was a little thin, but I based it on the DB as well as the fact that volume climaxed relative to previous volume.

It could have failed lower, its a 50/50 proposition. To me it really met you criteria to trade, no?

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  #433 (permalink)
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VinceVirgil View Post
You had it right. 104.20 was VPOC from yesterday. volume was a little thin, but I based it on the DB as well as the fact that volume climaxed relative to previous volume.

It could have failed lower, its a 50/50 proposition. To me it really met you criteria to trade, no?

Hey Vance, true tru!I have had my kids for 2 weeks now, there is just no hope of getting anything done when they are here.I actually liked the first trade better, which ran up to yest val area hi, just beyond yest close.Honestly, i took that short based on how the 5min candle was painting.My inlaws are back tuesday, i might be sane ..my kids found the hose outside, and decided for a mud bath!....

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  #434 (permalink)
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bobarian View Post
Hey Vance, true tru!I have had my kids for 2 weeks now, there is just no hope of getting anything done when they are here.I actually liked the first trade better, which ran up to yest val area hi, just beyond yest close.Honestly, i took that short based on how the 5min candle was painting.My inlaws are back tuesday, i might be sane ..my kids found the hose outside, and decided for a mud bath!....

Been there, done that.

You have to go more portable...Trade on an IPad.

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  #435 (permalink)
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4/30/2012
we gapped lower, and i was looking for price to come down to fridays val /lod area, which it did.We overshot the prev lod, vol came in, and we got long.Targets 1 and 2 are hit.Big vol came in just above that, and after a retrace, the churn was big enough for a short.I honestly thought that this was it.I figured, after failing to go higher the 2nd time, we were going to really fall...wrong.Price found a bottom at yest lod, and really shot up.However, it did reach the prev days hval, and vol came in for a nice short.The real churn/absorption came in when price retraced to the dvpoc.So slow though.There was a long.Ultimately, i suppose that huge vol was the base we needed to shoot for the high of the day............................................................................................................

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Last edited by bobarian; April 30th, 2012 at 08:08 PM.
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  #436 (permalink)
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5/1/2012
1 trade
cl opened just below yest close, which was close to yest
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bobs qwest to attain consistency-cl-06-12-10-momentum-5_1_2012vol-lad.jpg  
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  #437 (permalink)
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5/2/2012
1 trade
price opened gap down just at the prev day vwap.I saw some decent churn come in a little lower, and got long.Price went up almost 20 ticks for me, and the news hit.Took a stop on that.Price then came down and seemingly found a base at the prev days val.Alot of absorption in this area, in a tight range.Finally, pa broke higher to the dvwap.I feel i missed a short here, and was watching for some good vol to come in at this level.I didnt think the vol was impressive, but the desc dvwap held, and pa fell qwickly through all the churn just below, and found support at the prev day vwap long area...i figured that would hold,and the vol was decent, but i passed.I was thinking that after all that basing in the 105.40 area, it gave it up after pa hit the dvwap.Oh well.Also, just prior to pa rising to the dvwap, the dvpoc stepped down from 105.65 to 105.40.As far as the dvwap goes, anytime there is a direction, look to use it.I think that is realistic

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  #438 (permalink)
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5/3/2012
2 trades
2 stops
Today the cl fell out of bed.I looked at my levels,and took my shots, and was wrong.I have to be honest with the vol ladder.I like it, but i have a hard time understanding which churns to ignore/observe.Now, im not making any chart changes, so ,what do i do?.............Part of my problem ,is i have a hard time understanding the type of day we are having, until its allready been had!Ok, thats typical.Alot of people have the same problem.I have all these great tools, but putting it together to the point where i have an edge has been elusive.Also, counter trend trading has been creeping in, and i dont want that.So, lets try something.Lets try to understand my weakness, (many)and avoid it.I wont say focus on strength, because i dont see it yet.I like the mp, and i see a correlation ,when price action starts to react to a stairstepping dval/dvah.I will focus on this more, but i will not make any changes to my charts...............................................................

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  #439 (permalink)
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bobarian View Post
5/3/2012
2 trades
2 stops
Today the cl fell out of bed.I looked at my levels,and took my shots, and was wrong.I have to be honest with the vol ladder.I like it, but i have a hard time understanding which churns to ignore/observe.Now, im not making any chart changes, so ,what do i do?.............Part of my problem ,is i have a hard time understanding the type of day we are having, until its allready been had!Ok, thats typical.Alot of people have the same problem.I have all these great tools, but putting it together to the point where i have an edge has been elusive.Also, counter trend trading has been creeping in, and i dont want that.So, lets try something.Lets try to understand my weakness, (many)and avoid it.I wont say focus on strength, because i dont see it yet.I like the mp, and i see a correlation ,when price action starts to react to a stairstepping dval/dvah.I will focus on this more, but i will not make any changes to my charts...............................................................

Hi Bob,

The information displayed on the volume ladder shouldn't be a reason for an entry. It should be used as a tool for confirmation of an entry based on a predetermined area. So hypothetically, let's say that tomorrow if the market opens slightly gap up, you're going to take an initiative position short should price hit today's VAH with the thought of taking out today's VPOC and testing today's VAL. You would wait for price to get to your area of interest and watch to see if volume presents itself. Upon confirmation of that, you would join the offer as close to your price level as possible and go from there.

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Don't just take a responsive position based on volume churn at an insignificant area as it will most likely be a false signal. Hope that helps.

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bobarian View Post
5/3/2012
2 trades
2 stops
Today the cl fell out of bed.I looked at my levels,and took my shots, and was wrong.I have to be honest with the vol ladder.I like it, but i have a hard time understanding which churns to ignore/observe.Now, im not making any chart changes, so ,what do i do?............, but i will not make any changes to my charts...............................................................

I don't think 'I won't make chart change' is the same as keeping something that doesn't speak to you. A single S/R line that makes you pay attention is more valuable than a heap of blinking lights that tell you nothing.

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