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About The VWAP Strategy (Volume Weighed Average Price): The Secret of Equilibrium Price Trading (Day Trading Book 2)
Many traders see VWAP as an indicator and want to trade crossings with other indicators. This is wrong. VWAP (Volume Weighed Average Price) can be looked at as a fair price. A good trader doesn’t trade at a fair price. He wants either buy cheap or sell expensive. And just this VWAP shows. It divides a day in a long or short zone. So VWAP is not a signal but a filter. If ever you want to be a successful trader you have to understand the principles behind VWAP as many institutionals use VWAP as an orientation. It also reveals institutional activity and helps you against overtrading.
Detailed Information
| Author: | Terence V. Gronowski |
|---|---|
| Publication Year: | 2019 |
| Language: | English |
| File Size: | 5.7 |
| Format: | |
| Price: | FREE |
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