CL Redux

Discussion in 'Journals' started by schizo, Oct 9, 2009.

  1. long 92.0
     
    #27441     Nov 2, 2011
  2. out 92.65 , that was quick :)
     
    #27442     Nov 2, 2011
  3. Visaria

    Visaria

    Nice :D
     
    #27443     Nov 2, 2011
  4. ammo that was good Volume Profile chart (ref. http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:volume_by_price)

    one observation from my side: for CL I feel 5 day window gives good projection of TOMORROW price histogram than last 10/15 days , reason being once the CRUDE OIL
    sentiment moves 10/15 ago price action may not contribute much to PROJECTED tomorrow price action ( where as last 5 days price action does ).

    for those interested in further study , here is a link from web ..
    http://readtheprospectus.wordpress.com/2010/02/28/volume-profile-goes-native-to-think-or-swim/
    Nice Profile charts form TD , with customization on
    - Price Per Row Mode: Choose how it calculates how wide the volume “bin” is.
    - Time Per Profile:
    - # of Profiles:
    - On Expansion:

    [​IMG]

    two “Volume Profile” studies. One is set to “Chart” and “On Expansion=yes”, so it is an overall summary of all the volume on the chart.
    added one set to “Two Days” and “On Expansion=no”. This results in multiple two-day volume distributions plotted on top of price.

    <b>Above Chart is for 2/26/10 EOD that is Friday and Expansion showed Volume Profile for future next day that is coming Monday </b>
     
    #27444     Nov 2, 2011
  5. IV,

    thanks for the TOS post. do you happen to know what the difference is between volume profile and tpo profile on TOS? TIA.
     
    #27445     Nov 2, 2011
  6. Volume profile as shown on above chart is simple that is 'Volume plotted on PRICE scale instead of usual TIME scale ' as histogram .

    TPO profile is much complex subject , here is a link I found on web may help you ( not TD/ThinkorSwim )
    http://www.sierrachart.com/index.php?l=doc/doc_TPOVolProfileCharts.html

    I do not use TD/ThinkorSwim charting . but simple Volume Profile you can do with many Charting software
     
    #27446     Nov 2, 2011
  7. #27447     Nov 2, 2011
  8. IV,

    much thanks! appreciate it!
     
    #27448     Nov 2, 2011
  9. Visaria

    Visaria

    short 9150
     
    #27449     Nov 3, 2011
  10. Visaria

    Visaria

    Stopped out at 9170
     
    #27450     Nov 3, 2011