Afternoon all,
Was wondering whether people had any thoughts on whether to reset VWAP before the USA session.
I trade the bund, ES, Eurostxx and EURUSD.
To clarify, I am in the UK and have two sessions to trade, the UK open at 8am and the USA open at 2.30pm.
For the UK session, I start it at 7am so no problems there.
The thing is that as it is a weighted average, it's pretty much useless by the time the US session opens. Do I have this correct? Should it be restarted for the US session, and if so, what time should it be started from?
Clearly any large news that results in volume coming in at 1.30pm/12.30pm (UK time so before the official open) would need an earlier reset of VWAP.
Thanks in advance for any discussion/guidance on this matter.
Happy trading everyone,
Bootsyjam