Initial Balance

[Dollardogs]

Yes, the idea is the first breach often fails back to VWAP within the range. Entry trigger is a pull back into range after a weak breakout.

 

[easymon1]

What hours are you at your trading rig ready to rock?

 

[Sprout]

Anybody here use initial balance as a main part of their trading? I was just introduced to this IB+VWAP trade idea where you fade the first attempt to break out of IB after 10:30 and then wait to see if it pulls back to VWAP and holds or not. That one seems pretty straightforward. I'm planning to backtest it with the stocks I like to trade this month, but I was curious if there are any other well-known IB strategies besides that one. Thanks in advance for any input. Basic setup I referred to is in the attached screenshot, gray box is the first hour of trading and VWAP is in purple. I'm mainly curious if there's other IB setups I should be looking for, or any IB rules of thumb a newer trader should be aware of?

.View attachment 305417

DR Land is pretty good rebrand of IB and will answer you questions, it's data-driven with hard stats. Just don't mention that it's a rebrand of IB or you'll get booted.

 

[Dollardogs]

What hours are you at your trading rig ready to rock?

8:30 to 12:00 most days at the moment.

 

[Dollardogs]

DR Land is pretty good rebrand of IB and will answer you questions, it's data-driven with hard stats. Just don't mention that it's a rebrand of IB or you'll get booted.

Haha, good to know! I'll look into it, thanks.

 

[SimpleMeLike]

Anybody here use initial balance as a main part of their trading? I was just introduced to this IB+VWAP trade idea where you fade the first attempt to break out of IB after 10:30 and then wait to see if it pulls back to VWAP and holds or not. That one seems pretty straightforward. I'm planning to backtest it with the stocks I like to trade this month, but I was curious if there are any other well-known IB strategies besides that one. Thanks in advance for any input. Basic setup I referred to is in the attached screenshot, gray box is the first hour of trading and VWAP is in purple. I'm mainly curious if there's other IB setups I should be looking for, or any IB rules of thumb a newer trader should be aware of?

.View attachment 305417

Hello Dollardogs,

IB and VWAP is something where buyers and sellers make money decisions at .

Buy and Sell around IB and VWAP because your eyes have told you many many times buyers and sellers make money decisions at.

Just do what you see on the chart. Stare at chart, and click buy and sell button and make money.