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I can not comprehend why you marked the second and third signals as not valid. They where both more than 1% from the entry of the first valid signal and the cloud was also blue. Could you please point out your thougts why you consider these as not valid and also the reason for the validity of the last signal compared to the prior two? Maybe I missed something.
Thanks for all what you are doing here at nexusfi.com (formerly BMT).
Thanks for compliments and following my thoughts thoroughly - yes you are missing some details.
Look at the chart posted:
1) the very first signal ("not valid") took place when price was in RED kumo...
2) the second ("not valid") signals had the manko that the VWAP was in the blue kumo - so not on the "right side"
(which means nearer / not farther) from price to kumo.
3) the third signal had ALL factors on the right side.
I know - there are are exceptions - but in a very FAST move the above conditions MUST be fulfilled.
Hope this is revealing something ;-)
Good Trades
GFIs1
who is still on the LONG leg - til' 1% is killed - and then again: SHORT (tomorrow)
..only in fast movements or bigger moves during the day..
if there is a non-trending day - after 12:00 german time - the VWAP-setting is no longer important as
in a low movement day the VWAP can not head out of Kumo on the opposite...
Just to be clear!
Yesterday we had 184 points from Hi to Low.. which is a strong moving day
This was my early morning outlook on the Dax today. (on the french thread)
It is saying that the price should bounce back on the VWAP from yesterday (min. 7947)
in the afternoon before going VERY south tomorrow wednesday.
Thursday will not be important (no GFIs1 trade then) because of low volume and
like always after a strong downmove (..hopefully..) ;-) no trade is necessary.
So looking forward on the next turning point south pretty soon...
Thanks for posting charts and helping us..I would like to start applying this method to SPY would you please let me know the indicators you are using and I am mainly trying to enter or exit swing SPY options using this methods. Please help me
Hi futures.io (formerly BMT)rader
The chart is optimized for the Dax - if it works on other instruments? I have no idea as I haven't tested it yet.
My chart is a 3 minute chart containing a) Ichimoku cloud and b) a VWAP with band of 3.2 bandwidth. This
band has to restart on every session! c) a ZigZag which turns only after a >1% move.
With these 3 indies the chart is done. The signals (and interpretation) you can get out of the explanations
in this thread.
Hope this helps - please report here on futures.io (formerly BMT) if it works on your main instrument - we are looking forward :-)
Thanks for your quick reply, I see you are using NT but I am using TOS let me see If I get all the three indicators lined up. I will keep posting in this thread.
Is there any reason for VWAP band width of 3.2? If I use Standard Deviation of 3.2 I am not seeing any signals so I was thinking what might be next alternative? may be 3 or 2.8?