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Trading with VWAP and Price Action

  • #21
  • Mar 22, 2021 7:51am Mar 22, 2021 7:51am
Quoting Degolep
{quote} Green is daily vwap and other two? Red and yellow?

stay with vwap, ignore the other
it won't affect the trade
  • #22
  • Mar 22, 2021 8:19am Mar 22, 2021 8:19am
Quoting Smmtrader
{quote} CADJPY rejected from 200 EMA with above average volume ( I was not at my computer and did not take this trade ) {image} Continuing to watch USDCAD and EURCAD for a retrace and reject on higher volume before BUY entry {image} {image}
Entered Long (partial positions) on USDCAD and EURCAD and Short (partial position) on AUDJPY (Would have been nice to see a deeper retracement on USDCAD and EURCAD and a stronger rejection on AUDJPY)
  • #23
  • Mar 22, 2021 8:31am Mar 22, 2021 8:31am
Watching GBPCHF for a SELL (on M15 after PA and volume confirmation only). HTF chart is below

Attached Image (click to enlarge)
Click to Enlarge Name: 04c66b78493fe8db02c9b6ab9650d224.png Size: 24 KB
  • #24
  • Edited 9:09am Mar 22, 2021 8:57am | Edited 9:09am
Edited this post - always look for PA after candle closes. Watching PA on USDCAD (BUY) and AUDJPY (SELL)
  • #25
  • Mar 22, 2021 9:14am Mar 22, 2021 9:14am
Quoting kette
{quote} stay with vwap, ignore the other it won't affect the trade
How do you use the vwap?
Anything above the line is an uptrend, below the line is a downtrend.
  • #26
  • Mar 22, 2021 10:12am Mar 22, 2021 10:12am
Quoting Degolep
{quote} How do you use the vwap?

here it is

you are there too, one should read

page 86

post 1719


On Point
  • #27
  • Edited 7:14pm Mar 22, 2021 1:46pm | Edited 7:14pm
Watching the following (Based on PA analysis on HTF):

BUY: EURCAD, USDCAD, AUDNZD

SELL: CADJPY, EURJPY, GBPJPY, GBPCHF, NZDJPY, AUDJPY, AUDCHF


Traders who wish to trade on H4 without using VWAP, can use this list along with basic PA analysis with Trend Lines / Horizontal S/R/ levels - on plain charts - this works well too.
  • #28
  • Mar 22, 2021 2:58pm Mar 22, 2021 2:58pm
Quoting kette
{quote} here it is you are there too, one should read page 86 post 1719 On Point
I know what vwap represents. I was just wondering how do you implement it in your trading?
Anything above the line is an uptrend, below the line is a downtrend.
  • #29
  • Mar 22, 2021 3:17pm Mar 22, 2021 3:17pm
Yes, Smmtrader, you are right!. Kette thank you so much for sharing! I can not wait to install them!
  • #30
  • Mar 22, 2021 7:14pm Mar 22, 2021 7:14pm
Watching AUDNZD for a potential BUY on M15

Attached Image (click to enlarge)
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  • #31
  • Edited 8:21am Mar 23, 2021 6:29am | Edited 8:21am
Quoting Smmtrader
Watching AUDNZD for a potential BUY on M15 {image}
AUDNZD : price rejected from VWAP with a Marubozu like candle on a higher volume and went beyond the price target given earlier.

Attached Image (click to enlarge)
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  • #32
  • Mar 23, 2021 8:38am Mar 23, 2021 8:38am
Now watching the following (Based on PA analysis on HTF):

BUY: EURAUD, EURCAD, USDCAD
SELL: NZDCHF, AUDCHF, GBPJPY

No entries without PA confirmation on any time frame - H4 or M!5
  • #33
  • Edited 4:05pm Mar 23, 2021 1:11pm | Edited 4:05pm
Now watching the following (Based on PA analysis on HTF):

BUY: EURAUD, EURCAD, USDCAD
SELL: NZDCHF, AUDCHF

No entries without PA confirmation on any time frame - H4 or M!5

Performance in the past 3 days using this system ( about 8.4 % ):

Attached Image (click to enlarge)
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  • #34
  • Mar 23, 2021 2:23pm Mar 23, 2021 2:23pm
Quoting Degolep
{quote} I know what vwap represents. I was just wondering how do you implement it in your trading?

Attached Image (click to enlarge)
Click to Enlarge Name: vwap.png Size: 90 KB
Attached File(s)
File Type: mq4 VWAP_DayWeekMonth_wLabel_wMAcross_wAlert.mq4   18 KB | 914 downloads
  • #35
  • Mar 23, 2021 4:59pm Mar 23, 2021 4:59pm
EURAUD BUY - notice the price rejection from PA and VWAP on Marubozu like candle.
Attached Image (click to enlarge)
Click to Enlarge Name: bdbfbe7b1a422cec9c0e5a98ea58eab0.png Size: 29 KB
  • #36
  • Mar 24, 2021 6:18am Mar 24, 2021 6:18am
Now watching the following (Based on PA analysis on HTF):

BUY: AUDNZD, USDCAD
SELL: NZDCHF, AUDCAD

No entries without PA confirmation on any time frame - H4 or M!5
  • #37
  • Mar 24, 2021 10:39am Mar 24, 2021 10:39am
Now watching the following (Based on PA analysis on HTF):

BUY: GBPAUD
SELL: NZDCHF, AUDCAD, EURCAD

No entries without PA confirmation on any time frame - H4 or M!5
  • #38
  • Mar 24, 2021 10:44am Mar 24, 2021 10:44am
AUDCAD SELL - Notice the rejection from VWAP on a higher volume Marubozu like candle.

Attached Image (click to enlarge)
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NZDCHF (SELL) has a similar formation but on a lower volume.
  • #39
  • Edited 12:32pm Mar 24, 2021 12:09pm | Edited 12:32pm
Entered smaller positions on GBPAUD BUY and EURCAD SELL (After further retracement, if i see a stronger rejection from PA / VWAP / TL with a Marubozu like candle, i will add a bigger position)

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #40
  • Mar 25, 2021 5:27am Mar 25, 2021 5:27am
Quoting Smmtrader
Now watching the following (Based on PA analysis on HTF): BUY: EURAUD, EURCAD, USDCAD SELL: NZDCHF, AUDCHF No entries without PA confirmation on any time frame - H4 or M!5 Performance in the past 3 days using this system ( about 8.4 % ): {image}
Excellent results Smmtrader congratulations and thank you for sharing this strategies and screenshots!! After some tests this week, your VWAP strategy and indicator (from page one) are making the difference, and as you said, combined with PA confirmation and in my case adding S/R and trend direction confirmation I am getting good results. Still practicing and learning.
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