VWAP Experimental

I'm starting this journal for my own personal records but feel free to comment if you see something that can be improved.

April 05, 2010

EJ

Long @ 127.25
SL @ 126.85
TP @ 127.73

Confluence of 200 EMA and M2. This area has shown support over the last 2 days. EJ has been in an uptrend since March 24th.


EDIT: TP hit, +48 pips

Missed this one.

Long @ 94.31
SL 94.03
TP 94.75


EDIT: Made a mistake on this one. VWAP was below PVP. I should not have taken this trade. I set SL to BE at +14 pips in.

EDIT II: Stopped out at BE.

Long @ 1.0603
SL 1.0568
TP 1.0629


EDIT: Stopped out at BE. Then price went back up, just my luck.

Long @ 127.26
SL 126.82
TP 127.73

EDIT: Closed position at -29 pips, PVP/VWAP filp.

+19 pips total for today. That beats the hell out of losing 19. So far the system works but may need some tweaking. Will try again tomorrow.

This one is a little late in the day but looks like a good setup.


Short @ 1.3394
SL 1.3425
TP 1.3333


EDIT: Closed trade at +15 pips, PVP/VWAP flip.

News pushed price up past SD1. I managed to catch the very top.

Short @ 1.4424
SL 1.4470
TP 1.4350

EDIT: Closed trade at 1.4403. Down move was showing weakness and I wanted to protect my profits. +21 pips

How's this stuff going? Have been too busy of late at work to really watch any FX. Been meaning to look at this. Having any decent results?

MD.

Have you watched all of Jperl's stuff yet? From what I've seen so far it doesn't look too complex to trade with it.

Mixed results, but not bad for the first few days. I'm going to concentrate on this for a while to see what happens. I like the way this works, I get plenty of signals, it keeps me out of ranging markets and it gives me quick profits which limits my exposure to the market. I do think I'm going to throw out one of the "market statistics" rules. I've passed up some good opportunities because the VWAP was on the other side of the PVP. I think as long as the VWAP is moving in the direction of your trade, it should be good. I think the VWAP crossing the PVP in your direction is just more confirmation. Maybe risk the full 3%?

Oh, one more thing. Those are some sexxxxxxy chicken legs you have there. I about fell out of my chair when I saw that! It caught me completely off-guard. LOL

I'll talk to you later MD.


BarTstop

Not all of it. Been busy watching some other material. I do plan on watching the rest of it soon.


BarTstop

I'm also part horse but I can't post that picture! Nayyyyy.

Horses ass maybe.................

This one may be a little risky but what the hell. Price does seem to be starting to trend upwards. PVP is obviously where a large buy order was placed. Price seems to be bouncing off the daily pivot. We'll see what happens.

Long @ .7070
SL .7037
TP .7093

Edit: Stopped out. That's what I get for trading before the trend is established. -33 pips.

Confluence of S1, 55EMA and Big Round Number (BRN).

Short @ 124.00
SL 124.50
TP 123.38

EDIT: Stopped out. -50 pips.

Confluence of 200EMA and Daily Pivot.

Short @ 133.58
SL 134.08
TP ?


EDIT: Closed for +3 pips. And I was happy to get that.

its a rare sight to see vwap traders here @_@

i tried searching on this forum

only this appear

and then the indicator thread

this strategy is interesting i would like to learn from u @_@