Vz!! I'm reading back and laughing my ass off-- still trying to justify getting smoked on COIN of getting the children in at $84 only to see it sink like the Titanic all because you used VWAP wrong.--
Of course this is another Van paper trade so all the numbers will be re written but we have the real time proof. -- he's gonna make 2% here kids... or is he.
lol.
What Van is now describing in his third attempt to re write his losing idea--is what I gave you all as a suggestion better than VWAP--anchored VWAP...
The only problem ifor Van is he doesn't seem to understand that it's a sell when you hit the VWAP line from an anchored VWAP position. After a gap up from the anchor you sell at the VWAP line not buy.. Whoops!
Like I said a little knowledge is a dangerous thing in this game.
First off You must combine with other indicators- If Van had done that would of realized down goes Frazier!
What is Anchored VWAP?
The VWAP is constantly calculated from the start of the market open to the close. For any number of specific reasons, a trader may want to specify the starting point to start calculating VWAP at a different time other than the open. This is where an anchored VWAP is used. An anchored VWAP starts calculating from a selected starting period by the user. There’s a number of reasons for using an anchored VWAP like trying to normalize a price due to a large price gap up or down.
