Support & Resistance Frustrations... | Currency Futures


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Support & Resistance Frustrations...

  #15 (permalink)

Brisbane + Queensland/Australia
 
Trading Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: CQG, IQFeed
Favorite Futures: S&P Emini Futures
 
Posts: 54 since Mar 2015
Thanks: 38 given, 79 received


jlwade123 View Post
Don't tell me markets do not know where these VWAP bands are. See how nicely price bounced at previous week VWAP upper 2?


VWAP and VWAP bands are a very important concept to keep in mind when following the market through the day. From what I have read, when a trader acts on behalf of a customer, the commission is all derived from where they have been able to enter and exit in relation to the VWAP.
So if buying, their goal will be to buy below VWAP - the further the better. The opposite for selling.

VWAP and bands have a habit of being respected through the day. Certainly not the only thing to watch but it does give some insight into where there may be reversals in conjunction with other levels of interest.

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