CL Redux

Quote from mrbochin23:

GM everyone.
Value Areas for today if you are interest it:
VAH=81.74
PoC=80.63
VAL=80.15

Good luck to all of you.
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Happy brithday MrBo

question - your value areas from Thursday, you have VAL as 80.15 and the LOD was 80.09. Doesn't the VAL seem a little low? can anyone else confirm from their MP data? 6 ticks from a brief LOD print at 80.09 & to say VA contained 70% of TPO action seems incorrect?

VA = Value Area
Range of prices containing 70% of TPO's in a profile.
The Value Area is where price was accepted by the "majority" of the market participants.

VAL (or LVA) = Value Area Low
Lowest price of previous day's Value Area.
 
stumbled upon this cool website called infomine you can look at a zillion different commodities with any underlying currency, They only have brent crude as an option but it can still give you perspective. Still have one short QM that didn't get stopped out on Friday and I was waiting for 82.30 all day friday and we're here now so I guess I'll stick with the plan and short 3 more QMs here at 82.30.

http://www.infomine.com/investment/charts.aspx?mv=1&f=f&r=3m&c=cbrent_crude_oil.xeur.ubarrel#chart
 
Quote from riskaddict:

Still have one short QM that didn't get stopped out on Friday and I was waiting for 82.30 all day friday and we're here now so I guess I'll stick with the plan and short 3 more QMs here at 82.30.
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Covering 2 here at .60. If we retest 83 I'll try again if we get below 82.40 I'll try again.
 
Quote from EON Kid:

Happy brithday MrBo

question - your value areas from Thursday, you have VAL as 80.15 and the LOD was 80.09. Doesn't the VAL seem a little low? can anyone else confirm from their MP data? 6 ticks from a brief LOD print at 80.09 & to say VA contained 70% of TPO action seems incorrect?

VA = Value Area
Range of prices containing 70% of TPO's in a profile.
The Value Area is where price was accepted by the "majority" of the market participants.

VAL (or LVA) = Value Area Low
Lowest price of previous day's Value Area.
More...

Thanks.
@No Emotion: I use the Value Area of the past 9:30 session, for example today I am going to use the Value Area of 9:30 session of Friday. I use Prive over time, some people use Prive over Volume, which it could give you different results, its people that claim that it's better with Volume, but I particularly haven't used it that way.

@EOKind It's low because it's base of the time that spent around that area no base on how many different 30 min bar it touches. Sometimes it looks little low, but it's part of the 70% distribution.

Good luck today.
Today I am a year older hopefully wiser, for trading :D
 
Smacked right into R2 just as the DX is catching a bid at 77. Seems to easy must be a trap. I'm only adding one short QM at 83.20. Look to add more around 83.425
 
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