The VWAP Strategy (Volume Weighed Average Price): The Secret of Equilibrium Price Trading (Day Trading Book 2) by Gronowski Terence V

Author:Gronowski, Terence V. [Gronowski, Terence V.]
Language: eng
Format: epub
Published: 2019-06-07T16:00:00+00:00

Fig. 8.1: Dow Jones dipping below VWAP in a global uptrend. Dow forms a double bottom in form of a Elliott 1 and 2 wave. Wave 3 follows. Wave 4 is different from wave 2 and the last wave is in form of an ending diagonal. Look for Elliott impulsive waves when trading.

To spot a new trend you may use the Swing Chart indicator in the 1 to 10 minutes chart. Swing Chart draws candles bull, bear, inside and outside bars. It also draws lines between the candles. It is very useful to have the global overview if you use it in a 10 minutes chart. The lines in between the candles show you if the trend is still intact.

In Metatrader 5 you can download Swing Chart from Andre S. Enger for free.

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