CL Redux

I'm left feeling slightly bullish after this close. Even with the fake breakout above yday's high, the bulls managed to settle above yesterday's settlement. Will be interesting to see what happens in globex.
 
Quote from DonCorleone:

something like that. actually anywhere between 90.12-.30.
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to be specific, upside target of 90.10 based on abcd completion of yesterday's lo/hi range(A&B) and today's low at 88.21 which is the C point. thus D should be somewhere around 90.10 give or take a few. we'll find out soon enough. :cool:
 
Quote from mfbreakout:

Actually, I meant to say POC . 88.60. VAH is 89.20 and VAL 88.10.

For days developing values.

have a great rest of the day everyone.
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Ah, maybe you're using TPOs ... or perhaps you're not talking about today's values, as 88.10 is lower than the low of the session ... for globex, as of this moment, VAL is 88.21, VAH is 89.26, and VPOC is 89.00 (using a "normal" calculation). Actually just looked at the TPO, instead of volume, and I still don't see that 88.60 was ever a mode in the distribution. What charting software and data are you using mfb? Nice trades today by the way, good job!
 
Hi Josh,

I use Thinkorswim market profile study. TOS market profile is not very sophisticated and precise like market Delta.

It has some limitations and since I use market profile primarily to get market structure, it's been doing an adequate job.

I may start using market delta, if i get into market profile more deeply.
 
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