Using the ATR to look for adequate separation above or below VWAP.
(ca. 20 % of the Daily ATR) with the price range measurement tool
If the price is separated ca. 20 % or more away from VWAP, look for a reversal on the 5 min chart, with conformation from the 2nd reverse candle continuing beyond the 1st reverse candle, for a probable move aiming back at VWAP.
Duration: Minutes to 2 Hours
Tight SL above the 1st reverse candle. Nice risk reward ratios.
Most likely hit TP: ca. 20 % of the Daily ATR (my own idea)
other TP´s: @ VWAP (2nd Target) and
@ the next zone of liquidity (3rd Target) /last intraday High or Low (or
in between, just liquidity, for ex. a bigger option)
The arrows only display the ATR measurement.
Displayed are 3 shorts and 1 long trade
Symbol is GC2!
You can additionally watch Options, to get a better understanding of price behaviour.(my idea)
Option prices are GC2! prices.
I guess thats a kind of order flow combined with option flow technique.
I will also post trades live. Normally i dont have to, cause its a Simple Money Concept. ))
Feel free to criticise and/or improve.
(ca. 20 % of the Daily ATR) with the price range measurement tool
If the price is separated ca. 20 % or more away from VWAP, look for a reversal on the 5 min chart, with conformation from the 2nd reverse candle continuing beyond the 1st reverse candle, for a probable move aiming back at VWAP.
Duration: Minutes to 2 Hours
Tight SL above the 1st reverse candle. Nice risk reward ratios.
Most likely hit TP: ca. 20 % of the Daily ATR (my own idea)
other TP´s: @ VWAP (2nd Target) and
@ the next zone of liquidity (3rd Target) /last intraday High or Low (or
in between, just liquidity, for ex. a bigger option)
The arrows only display the ATR measurement.
Displayed are 3 shorts and 1 long trade
Symbol is GC2!
You can additionally watch Options, to get a better understanding of price behaviour.(my idea)
Option prices are GC2! prices.
I guess thats a kind of order flow combined with option flow technique.
I will also post trades live. Normally i dont have to, cause its a Simple Money Concept. ))
Feel free to criticise and/or improve.
Note
If the price is separated ca. 20 % of its ATR or more away from VWAP, look for a reversal on the 5 min chart, with conformation from the 2nd reverse candle continuing beyond the 1st reverse candle, for a probable move aiming back at VWAP.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.