Vwap is intraday trading signal with volume weighted average price -line and the candle stick price movement around it to go long or short for intraday trading.
I learnt this from you tube and different telegram channels like Vwap traders and decided to put my learning around it to self recall.
Very important is to play safe-Just stick to Nifty Top 100 stocks only for intraday-selectively with high volume.
As Rudramurthy Sir says- concentrate on the risk first. and only trade good risk reward trade-like Risk:Reward= 1:2 minimum
Disclaimer- I am only doing sample trading.As i am slowly learning from all the experts.
Its very easy to apply-it can be used in 5 min or 15 min charts as per your liking, very useful with Market profile (Intraday trading).
Few examples as below- If within the first one hour, we see NOT more than 3 times price touching the VWAP line, and than showing a direction- we can take a trade along the trend.
This is TCS on Apr/01/'20, Stop loss remains on the top of the previous candle.
In the below example for reliance- we can see the VWAP for Mar/31/'20 is above the VWAP for Mar/30/'20. So that is a positive signal, although we should also check the VWAP for last 4-5 days, if it is above all VWAP s for long and below all VWAP s for short, still can take chance if the Current day VWAP (CVWAP) is above yesterdays VWAP (YVWAP), and than look for price action in the first one hour(Initial balance) and see the +ve direction building up.
Easy signals here are-
VWAP +ve signal after 1 hr.
Big stock to move market +vely.
As per the experts, targets should be 1-1.5% for intraday, if you can , keep pushing(trailing) stoploss, and let the VWAP support hold can expect more.
In Axis bank chart below-On Apr/01/'20 , VWAP opened below the previous day VWAP,and price action after 1 hr also started showing down signal. taking resistance at VWAP line.So good price action to short.
All posts are for my own references.
Thanks
I learnt this from you tube and different telegram channels like Vwap traders and decided to put my learning around it to self recall.
Very important is to play safe-Just stick to Nifty Top 100 stocks only for intraday-selectively with high volume.
As Rudramurthy Sir says- concentrate on the risk first. and only trade good risk reward trade-like Risk:Reward= 1:2 minimum
Disclaimer- I am only doing sample trading.As i am slowly learning from all the experts.
Its very easy to apply-it can be used in 5 min or 15 min charts as per your liking, very useful with Market profile (Intraday trading).
Few examples as below- If within the first one hour, we see NOT more than 3 times price touching the VWAP line, and than showing a direction- we can take a trade along the trend.
This is TCS on Apr/01/'20, Stop loss remains on the top of the previous candle.
In the below example for reliance- we can see the VWAP for Mar/31/'20 is above the VWAP for Mar/30/'20. So that is a positive signal, although we should also check the VWAP for last 4-5 days, if it is above all VWAP s for long and below all VWAP s for short, still can take chance if the Current day VWAP (CVWAP) is above yesterdays VWAP (YVWAP), and than look for price action in the first one hour(Initial balance) and see the +ve direction building up.
Easy signals here are-
VWAP +ve signal after 1 hr.
Big stock to move market +vely.
As per the experts, targets should be 1-1.5% for intraday, if you can , keep pushing(trailing) stoploss, and let the VWAP support hold can expect more.
In Axis bank chart below-On Apr/01/'20 , VWAP opened below the previous day VWAP,and price action after 1 hr also started showing down signal. taking resistance at VWAP line.So good price action to short.
All posts are for my own references.
Thanks
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