How to use Order Flow VWAP to determine market direction?
How to identify a RANGE-BOUND day? I use a three-minute chart and I anchor that Order Flow VWAP to the first three-minute bar during the regular trading hours.
Anytime that I see that VWAP spent a majority of the time in that opening three-minute high and low, that indicates to me that we are just going to be a range-type day.
How to identify a TREND UP day? Now, once this VWAP gets above the opening three-minute high and the market starts to go up, this tells me that they're establishing price section above the open, and it has the possibility to be a trend up day.
How to identify a TREND DOWN day? We're looking for the exact opposite of what we look for in a trend up day. If that anchored VWAP gets below that opening three-minute low below that horizontal line and the price action starts to get below it, to me that represents a TREND DOWN day.
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Develop Your Edge is a weekly talk show hosted by 22-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Past performance is not indicative of future results. Neither Anthony Crudele nor his guest’s guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website or on the show. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website or on the show may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this website or on the show. Before acting on information on this website or on the show, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
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11 сен 2024