Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
The strategy uses VWAP with 1 and 2 ST bands and he used a 2 min chart.
The logic:
Long entry = VWAP > PVP and price action above VWAP.
Short entry = VWAP < PVP and price action below VWAP.
No trade = VWAP approx. at PVP
I figured @Fat Tails or someone on FIO had been through this material before, but I hadn't been able to find it up to this point. Thank you for pointing that out to me.
Well I coded it up years ago and it was roughly flat over a 1 month period running automated on a sim. I think it could be good but I just trade in a different way. I was trying it as an automated strategy only though.
Yes, I still use those concepts in my trading. Mainly entering the market at vwap or sd1's and taking short term targets at sd1 sd2 sd3. Skew I have a little issue with as he gives different trades different weights, I weight all trades the same. It is not a holy grail system but it has helped me.