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Currency Futures

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  #514 (permalink)

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Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
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David_R View Post
Is it really the VWAP, or is it just the structure of the market? A level of resistance is now support. Trend line confluence with demand coming in right at the confluence/demand line.

Mike, why have you added VWAP to your trading?


There is no such thing as any one magical thing, even a widely used VWAP + std dev bands.

Someone in chat posted vah and val today. I noticed the val matched almost to the tick the 1st deviation on the vwap bands. I'm sure that also matched something else, maybe an ema 20, sma 100, or who knows what. Maybe it also coincided with a CCI cross, or a MACD cross, or a bounce off a bollinger band.

The point is, nothing is magic. I agree it's a confluence of events.

I had removed VWAP for a while because it wasn't real useful without the bands, and there was no MultiCharts VWAP with bands that worked reliably. There is now.

When I started using Sierra Chart more, I added VWAP and began being more interested in multi-session VWAP's after the last couple webinars from Peter. I've always liked the VWAP and have a thread on VWAP trading here.

I've also continued to evolve my trading strategy for bigger targets and less scalping, so the longer time frames or bigger trades benefit more from VWAP+bands in my opinion.


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