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The Italian Job
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Created: by redratsal Attachments:31

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The Italian Job

  #471 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,068 received

6E long 1 contract, target on R +258$

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  #472 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,068 received

6E Short 1 contract, Target on S +245$

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  #473 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
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Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
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CL Short 2 contracts, target on S +492$

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  #474 (permalink)
Trading for Fun
Little Rock, Arkansas
 
Futures Experience: None
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Posts: 198 since Jul 2011
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@redratsal, from your experience in trading using the VWAP and looking at charts with the VWAP on on them, could you talk a little about how price interacts with the VWAP line itself in your own words?

I've been taking a look at the VWAP in my own trading and it looks to be pretty powerful.

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  #475 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Kinetick
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Posts: 1,653 since Oct 2010
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r3algood View Post
@redratsal, from your experience in trading using the VWAP and looking at charts with the VWAP on on them, could you talk a little about how price interacts with the VWAP line itself in your own words?

I've been taking a look at the VWAP in my own trading and it looks to be pretty powerful.

Vwap and its standard deviations are a nice tool, always the same with any chart therefore pretty much self fulfilling. I use vwap as a driving support and resistance, many times it sets the trend of the day. Vwap alone is worthless if not used with PA and TA and compared with different contexts and time frames. There are some nice threads about vwap, just to name a few:

https://futures.io/elite-circle/5117-using-vwap-volume-weighted-average-price-your-trading.html
Trading With Market Statistics.II The Volume Weighted Average Price (VWAP). - Traders Laboratory Forums

Vwap is beeing used by commercial edgers as admitted by many traders working for large institutions, therefore it makes sense to follow its flow.

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  #476 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
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Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
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Posts: 1,653 since Oct 2010
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CL long 3 contracts, target below Vwap +1067$

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  #477 (permalink)
Elite Member
Milan (I)
 
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Posts: 1,653 since Oct 2010
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6E short 1 contract, target near vwap +195$

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  #478 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
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Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
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Posts: 1,653 since Oct 2010
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In September I haven't updated my cumulative profit https://futures.io/traders-hideout/11184-italian-job.html, as my NT crashed and I had to reinstall it with consequent loss of data. I am integrating to my counter trend Vwap 2SD technique a trend following method, therefore my daily recap is mixed of different strats. As I like to keep the thread transparent find my daily trades net profit. For those new to this thread bear in mind that trades are Sim and the whole thread represents an experiment.

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  #479 (permalink)
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Posts: 1,653 since Oct 2010
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CL short 3 contracts, target on S +797$

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Last edited by redratsal; September 29th, 2011 at 06:05 AM.
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  #480 (permalink)
Elite Member
Milan (I)
 
Futures Experience: Advanced
Platform: Ninjatrader
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Favorite Futures: FDAX,6E,CL,YM,NQ,ES
 
redratsal's Avatar
 
Posts: 1,653 since Oct 2010
Thanks: 1,217 given, 2,068 received


6E short 2 contracts, target on S +516$

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